ONLINE HOME DECOR MARKET ANALYSIS

Online Home Decor MarketSize and Trends

The online home decor market size is expected to reach US$ 206.05 billion by 2030, from US$ 97.39 billion in 2023, growing at a CAGR of 11.3% during the forecast period. Online home decor includes products such as furniture, textiles, decorative accessories, and more that are purchased online for residential or commercial spaces. The growth is driven by rising disposable incomes, growth of the real estate sector, and increasing penetration of online shopping. The online home decor market is segmented by product type, price range, distribution channel, end user, material type, and region. By product type, the furniture segment is expected to dominate the market during the forecast period due to growing demand for customized and modular furniture.

Online Home Decor Market Trends

• Integration of Augmented Reality: Augmented reality is being integrated by online home decor retailers to allow customers to visualize products in their homes before purchase, enhancing user experience.
• Voice Commerce Adoption: Voice assistant devices are enabling seamless voice commerce for online home decor, allowing hands-free shopping to drive higher adoption.
• Personalization of Products: Online retailers are offering personalized home decor products like customized furniture, tailored wall arts, monogrammed textiles, etc. as per individual choices.
• Sustainability Focus: Using organic, recycled, and up-cycled materials for manufacturing home decor products caters to rising eco-consciousness among consumers.