Home Decor Market Size To Reach $1,622.90 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Home Decor Market Growth & Trends

The global home decor market size is estimated to reach USD 1,622.90 billion by 2030, registering a CAGR of 9.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Several factors including increasing preference for luxury lifestyle as a result of the influence of western culture and growing interior designing market are expected to boost the market growth in the near future.

Growing urbanization has resulted in increased urban dwellers. According to United Nations, 55% of the population is living in urban areas in 2018. As a result of growing urbanization, consumers are expected to build their homes according to the standard of their society and therefore are willing to choose creative and innovative home decor products.

In addition, growing working population, particularly women, has induced the consumers to invest in these products owing to increasing purchasing power. Therefore, growing urban population will pose a positive effect on the demand for home décor products in the forecast period. Moreover, globalization has resulted in presence of a wider market for consumers, which facilitate easy product availability with a variety of products across various distribution channels.

In 2024, furniture was the largest product segment in the home decor market on account of being an integral part of every house subject to seating, relaxing, and storing. Influence of the western culture plays an important role in increasing the adoption of modular kitchen and wardrobes. This shifting trend has built up a market for non-wooden furniture on account of rising popularity of eco-friendly products.

Therefore, new furniture are manufactured in the market with different raw materials such as leather, metal, glass, and other alternatives such as pine wood in combination with wood. Furthermore, increasing popularity of multifunctional furniture owing to less storage space and greater convenience is boosting the growth of furniture in the market.

Indoor was the largest application segment in 2024, owing to its increasing application in different locations of the house such as bedroom, bathroom, kitchen, living room, and other covered areas inside the home. Shifting trend towards creative and innovative furnishing as well as furniture has influenced the consumers to invest in these products.

For instance, products such as foldable bed cum sofa, and foldable dining table and shelves have been increasingly gaining traction in the market. Moreover, increasing adoption of western culture lifestyle has largely influenced consumers to buy luxury products, particularly for bathroom and bedroom. In addition, increasing usage of upholstery in various applications pose a great potential in the indoor home décor market.

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Home Decor Market Report Highlights

Based on product, the furniture segment dominated the global market with a revenue share of 50.7% in 2024. The growth of urban living and the increasing demand for stylish furniture have boosted the demand for this segment.
By application, the indoor segment held the largest revenue share of the home decor market in 2024. Growing demand for furniture and upholsteries for indoor spaces, including bedrooms, living rooms, bathrooms, and kitchens, has encouraged its growth.
In 2024, the North America home decor industry dominated the global market, with a revenue share of 36.7%. Higher spending capacity, availability of vast home décor options, and consumers following dynamic home décor trends are helping the region.