iCrowdNewswire Feb 22, 2021 6:00 AM ET
The rapid evolution of technology has led to the surge in the performance of the Online Home Décor Market. The rising demand for a wide range of home decor items has intensified the level of competition in the industrial setting and increased its overall attractiveness. In the current times, some of the most reputed global brands operate in the Online Home Décor industry and offer their products and commodities to the global market audience. It is expected that the industry will reach approximately USD 792.6 billion by the year 2025.
An in-depth analysis of the online home décor industry has been carried out which sheds light on the competitive landscape in the industry. It even focuses on the major industry players that influence the performance and growth of the industry. The key dynamics that have an integral impact on the current and future performance of the Online Home Décor have also been critically evaluated.
Competitive Landscape: Wayfair, Bed Bath & Beyond, Amazon, Carrefour
Main industry categories
The global Online Home Decor has been segmented based on product type and geography. Based on the type of the home décor products that are available online, the sub-categories include home furnishing, home furniture and other kinds of decorative home commodities. Based on the geographical segmentation, the sub-categories that have been covered include North America, Latin tropic America, Asia-Pacific region, Europe, Africa, and the Middle East. The product type segmentation is expected to experience decent growth as people are demanding for high-quality home decor products from different parts of the globe, which can enhance the beauty of their homes.
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Evaluation based on region
North America, Latin tropic America, Asia-Pacific region, Europe, Africa, and the Middle East are the five major geographical segments that have been thoroughly evaluated to get a clear insight into the global performance of the Online Home Decor industry. Many factors come into play that impacts the current performance and the future growth of the industry such as the rise in the disposable income in the hands of the customers, enhanced lifestyle of people, and change in the price of raw materials such as leather and wood.
Based on the region, the North American market is considered to be the largest market for online home decor products and commodities. One of the main reasons for the vastness of the market is the construction of new buildings in the location. A large number of people prefer to access online home décor retail websites to decorate their homes and redefine their way of living.
Latest industry trends
Indians like the global customers have become more conscious of how their home looks and this has given wings to the flourishing dome decor segment on the digital platform. To meet the rising demand for online home decor products and commodities, Wal-Mart has announced that it will be launching the re-designed home shopping experience for its customers on the web.
It is expected that the e-commerce retail logistics market, which was valued at USD 35 billion in the year 2018 will witness a dynamic growth of 36 per cent in the next five years.
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