DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qrvr7j/world_home_decor) has announced the addition of the "World Home Decor Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
The world home decor market is estimated to garner $664.0 billion by 2020, registering a CAGR of 4.2% during the forecast period. Home decor products have generated substantial demand among consumers owing to the growing consumer's interest towards the concept of home decor.
Asia-Pacific is the leading market, occupying around 31% of the market share followed by Europe. Rapid urbanization, increasing disposable income and growing/booming real estate sector in the region, are main driving forces for the growth of home decor market in the region.
The market players are focusing on developing eco-friendly products since popularity of these products is growing among consumers, owing to rising environment awareness. Among the three key product segments: home textiles, floor coverings and furniture, the floor covering segment occupied the largest share in the overall home decor market in 2014. The segment is expected to maintain its leading position throughout the forecast period, owing to the wide adoption of floor coverings in different geographical markets.
Key findings of the study:
- The market is expected to grow owing to the growth in real estate industry and increasing urbanization in developing countries during the forecast period.
- The floor covering segment would continue to maintain its growth trend during the forecast period.
Asia-Pacific was the largest market for home decor products in 2014,
owing to the high growth in real estate sector and increasing urban
population in the region.
- Armstrong World Industries, Inc.
- Ashley Furniture Industries, Ltd.
- Duresta Upholstery Ltd.
- Forbo International SA
- Herman Miller, Inc.
- Inter IKEA Group
- Kimball International
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: World Home Decor Market By Product Type
Chapter 5: World Home Decor Market By Geography
Chapter 6: Company Profiles
For more information visit http://www.researchandmarkets.com/research/qrvr7j/world_home_decor