Revenue in the Home Décor Segment amounts to US$128.70bn in 2023. The market is expected to grow annually by 5.33% (CAGR 2023-2027). In global comparison, most revenue is generated in the United States (US$33,390.00m in 2023).
The global home decor market size was estimated at USD 697.18 billion in 2019 and is expected to reach USD 737.20 billion in 2020. What is the home decor market growth? b. The global home decor market is expected to grow at a compound annual growth rate of 6.6% from 2019 to 2025 to reach USD 1,037.14 billion by 2025.
Starting your own home decor business can be a fun and financially rewarding way to dabble in interior decorating. There are several do-it-from-home direct sales companies that focus on decorating and design. Starting with one of these companies can be a good way for beginners to break into the decor sales business.
HIGH POINT — Millennials and Generation Z are driving home furnishings purchases, with nearly 70% of all purchases in the second half of 2022 expected to be made by those two groups, according to new, exclusive Consumer Insights Now research.
The home decor market is expected to increase from USD 964.9 billion in 2023 to USD 1341.1 billion by 2032, at a compound annual growth rate (CAGR) of 18.20% between 2023 and 2032.
Well, statistics say that home decor is a perfect niche for your business. In fact, that's the way it is.
Another benefit of starting a home decor business is its high-profit margin. You can keep your profit margins at least 20-25%. Also, you have a wide variety of niches to choose from when it comes to selling home decor online.
Home Decor Business FAQs
If you're successful, it can be very profitable. You can make about a 20% profit margin depending on the items you sell, and your initial investment can be as little as $2,500, so you should have an excellent return on investment.
Asia-Pacific Dominates the Global Market. The global home decor market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest shareholder in the global home decor market and is expected to grow at a CAGR of 3.2% during the forecast period.
Revenue in the Home Décor Segment amounts to US$128.70bn in 2023. The market is expected to grow annually by 5.33% (CAGR 2023-2027). In global comparison, most revenue is generated in the United States (US$33,390.00m in 2023).
According to the United States Department of Labor, the average interior designer salary is $57,060 per year, which comes up to roughly $27,43 per hour. The salaries vary by state, with District of Columbia, Arkansas and New York ranking in the top 3 top paying states in the country for this occupation.
An interior decorating business most likely targets females with an interest in home décor. Based on the style and types of products you offer, the target age and income level may vary.
The U.S. home decor market size was valued at $125,813.0 million in 2019, and is estimated to reach $158,929.1 million by 2027, registering a CAGR of 8.0% from 2020 to 2027.
Home décor is important because it can affect everything from our self-perception to our confidence and productivity. So, go ahead, buy that new throw pillow or piece of art if it makes you happy. You're not treating yourself, you're creating an environment in which you can be the best version of yourself!
Its not only a hobby but an important one, to be true. Like they say, "We shape our home and then our home shapes us up." Your home is your resting place.
US Home Decor Market Analysis
The United States home décor market is expected to register a CAGR of 4% during the forecast period of 2021-2026.
The profit margins on home decor ranges from 20% - 45% depend on the price of the product. If you're looking to get quickly popular, I suggest you start with the online store and promote it on offline as well. Keep the margins low initially so that you can attract more buyers.
Health & Wellness products
According to Global New Shire, the health & wellness food market is expected to grow by 9.20% and reach 162.09 billion by 2026. Because health and fitness remain 2023's top new year resolutions, it's easy to predict the on-growing demand for this eCommerce niche.
Some of the most popular YouTube niches include tech videos, step-by-step instructions and how-to's, and product reviews. Other popular niches include gaming, beauty and wellness, educational videos, health and fitness, travel, productivity, and product reviews.
In summary, dropship home decor is an attractive option for you to start your business. With its ease of getting started, evergreen market, broad range of products, and low competition, it is a smart choice for you to enter the world of eCommerce.