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).
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.
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.
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.
New York, May 12, 2023 (GLOBE NEWSWIRE) -- In 2022, the global home decor market was worth USD 672.2 billion. By 2032, it is expected to reach USD 949 billion, growing at a CAGR of 3.6%.
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.
Well, statistics say that home decor is a perfect niche for your business. In fact, that's the way it is.
Transitional
As a style mash-up, transitional design is one that you may not even realize you're using in your home. At its core, transitional is a blend of both traditional and contemporary design styles. In other words, it combines the old with the new to achieve elegant yet comfortable and timeless interiors.
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.
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 US Home Decor Market is estimated to be USD 137.25 Bn in 2022 and is expected to reach USD 168.19 Bn by 2027, growing at a CAGR of 4.15%. The US Home Decor Market is segmented based on Products, Price, Distribution Channel, Location and Geography.
Floor & Decor is one of Fortune's 100 fastest-growing companies with this 200th warehouse-format store opening in Metairie and five Design Studios across 36 states nationwide.
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.
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.
The most profitable YouTube niches include gaming, beauty, technology, health and fitness, and personal finance. These niches offer a large audience and the potential for high revenue through sponsorships, brand deals, and ad revenue.
Timeless interior design is the intentional choice to incorporate classic, functional, and aesthetically pleasing design elements into your home over trendy, fleeting, or socially loud ideas.
Decoration can be life-enhancing. It can make dinner parties more fun, kids happier, relaxing easier, talks more intimate, guests at ease. And to think, decorating is often considered frivolous. Making a charmed and happy home is a noble endeavor.
The majority of millennials likely grew up with smart technology and are looking for homes that come with smart features such as smart locks, home security, automatic lighting, and Nest thermostats. They want to be able to control their heating and cooling system, as well as appliances, with an app. Updated kitchen.
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.
Profit margins range from 20% – 45%
Home decor stores can be very profitable, with profit margins of between 20% and 45%. This industry is also highly-demanded, which means that the profit potential is high.
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.