DECORATIVE SHELVES MARKET ANALYSIS

Decorative Shelves Market Size and Trends

Global decorative shelves market is estimated to be valued at USD 7.35 Bn in 2024 and is expected to reach USD 12.68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

To learn more about this report, request sample copy

Decorative shelves are becoming increasingly popular interior décor items worldwide. With modern lifestyles and small homes, decorative shelves provide much-needed storage solutions without taking up excessive floor space. Customers are looking to outfit living rooms, bedrooms, and home offices with attractive shelf units that can neatly organize and display books, photos, plants, and trinkets. styles. Minimalist designs made of wood, metal, or stone that complement contemporary interiors witnesses’ huge demand. Growth in online shopping and furniture retail has also boosted the availability of decorative shelf options for homeowners to choose from. With continued urbanization and premiumization of homes, the decorative shelves market is well-positioned for further expansion in the coming years.

 Focus on home decor and interior designing

With people spending more time at home due to remote working and restrictions on socializing outside, there has been a significant focus on home decor and interior designing. Many people want to improve the aesthetics of their homes and make the indoor spaces more attractive and comfortable. Decorative shelves play an important role in achieving an organized and stylish look for living rooms, bedrooms, home offices, and others. These provide surfaces to neatly display favorite collected items like books, photo frames, plants and other decorative pieces. This allows people to customize their shelf units according to the theme, color scheme and overall vibe of different rooms. Special multipurpose shelves made of wood, metal or other materials having adjustable levels are very useful for optimizing storage spaces. Realizing the impact of smart storage solutions on the home environment, many individuals have been purchasing stylish wall-mounted or free-standing decorative shelves to rearrange and beautify their interior spaces. This growing demand is expected to significantly benefit the decorative shelves market. Growing construction sector is expected to drive the market growth as decorative shelves are uses in the home decorations. For instance, in India, the Pradhan Mantri Awas Yojana (PMAY) or The ‘Housing for all by 2022’ schemes was launched in 2015. These programs aim to provide affordable housing to all citizens by 2022. Moreover, China is the world’s largest producer of plywood, owing to the economical labor, simple technology, and local machine suppliers.

The lockdowns has provided more time for indoor hobbies and creative pursuits, leading to increase in do-it-yourself home furnishing projects. Many people are engaging in activities like refurbishing old furniture, crafting decorative items, and giving a makeover to their living areas. Decorative shelves play a major role in such projects as these can be customized according to the actual requirements and aesthetics of spaces. Individuals are taking up shelf building as enjoyable activities involving woodwork, carpentry, painting and installation. Attractive pallet shelves, wall displays, floating cabinets and storage towers made from recycled wood, glass, metal pipes, and others have become popular. Furthermore, ready-to-assemble shelf kits are providing ease of creating stylish furniture without expertise. YouTube tutorials and DIY blogs are fueling innovative shelf designing ideas. The popularity of unique, handcrafted home décor incorporating shelves is expected to drive continuous interest in this furniture category. People want to match their interest in Do-It-Yourself projects with making creative updates in their living environments.