The global Home Decor Market Size is set to reach $139.00 billion by 2025, marking a significant milestone in the industry’s growth trajectory.
In this market analysis, I will discuss such market trends based on the latest data to provide crucial insights into market segments, regional variations, and emerging trends.
So, if you are an industry professional, investor, or market researcher, in that case, this information will interest you as I provide a detailed breakdown of both global and regional markets, including the rapidly growing Indian market and the dominant US market.
Let us get started!
Home Decor Market Size: Top Picks
- The global home decor market is projected to reach $139.00 billion by the end of 2025, with an expected 4.1% revenue growth.
- The market anticipates a CAGR of 3.85% from 2025 to 2029, with per capita revenue reaching $17.80 by the end of 2025. (Statista)
- In India, the Home Decor Market market size will reach $48.1B by 2028, with home furnishings holding a 47% market share in 2023.
- 11.4% CAGR is expected in the home furnishing segment from 2023 to 2028, whereas 9.8% CAGR is projected for the services segment in the same period. (Praxisga)
- The global home decor market segments show significant variation in size, with the Carpets & Rugs segment projected to reach $51.87 billion by 2025, followed by the Curtains segment at $44.31 billion. (Statista)
- The Decorations segment is expected to generate US$31.36 billion, while the Candles segment is forecasted to reach US$11.51 billion in the same period. (Statista)
Home Decor Market Size In India
- India’s home decor market is expected to reach $2.13 billion by 2025, growing at a CAGR of 8.67% through 2029. (Statista)
- The Indian market currently generates $1.47 in per capita revenue, with the total market size reaching INR 2,360B (US $29.5B) as per the latest data collected in 2023. (Statista, Praxisga)
- Metro cities witnessed a 20% surge in project launches*, while the average home renovation cycle has shortened from 15 to 10 to 12 years. (Praxisga)
- 79% market share is held by LED lamps in the lighting segment (Praxisga)
Home Decor Market In India: Market Breakdown
- Metro cities witnessed a 20% surge in project launches*, while the average home renovation cycle has shortened from 15 to 10 to 12 years.
- The home renovation market is estimated to reach $14.3B by 2027.
- The home decor industry in India is projected to reach US$48.1B by 2028, with strong growth expected across segments. The home furnishing segment leads with a projected CAGR of 11.4%, while the services segment follows with a 9.8% CAGR for 2023-2028.
- Market analysis reveals a diverse segment distribution, with the home furnishing industry in India dominating at 47% of the market share, followed by home improvement at 42% and indoor living at 41%.
Here’s the detailed market share breakdown from the latest data collected in 2023:
| Segment | Market Share |
|---|---|
| Home Furnishings | 47% |
| Home Improvement | 42% |
| Indoor Living | 41% |
| Bedroom Furniture | 25% |
| Paint & Hardware | 21% |
| Home Textiles | 19% |
| Wall & Floor Covering | 14% |
| Services | 10% |
(Praxisga)
*(Project launches include: New Home Developments & Interior Design Projects)
Home Decor Industry Globally
- The combined revenue of all other markets ($70,590 million) barely exceeds the United States market alone ($37,130 million), demonstrating the US’s overwhelming dominance in the global homeware market.
| Country | Revenue (US$ Million) |
|---|---|
| United States | $37,130 |
| China | $22,730 |
| Japan | $5,587 |
| Canada | $5,551 |
| United Kingdom | $4,592 |
(Statista)
- The US home decor market leads globally and is projected to generate US$37,130 million in revenue by 2025, significantly higher than India’s projected US$2,130 million. (Statista)
- US consumer behavior shows distinct patterns, with an 11% CAGR in kitchen remodel spending (2015-2022). (Praxisga)
- The average mattress replacement cycle in the USA is 8.3 years, though millennials replace mattresses more frequently at 5.7 years. (Praxisga)
- Carpets & Rugs segment revenue of $51.87 billion nearly equals the combined revenue of the Decorations and Candles segments totaling $42.87 billion, highlighting the segment’s significant market dominance.
Let us have a look at this breakdown:
| Segment | Total Revenue (Us Billion) | Per Capita Revenue (US) |
|---|---|---|
| Carpets & Rugs | $51.87 | $6.64 |
| Curtains | $44.31 | $5.67 |
| Decorations | $31.36 | $4.01 |
| Candles | $11.51 | $1.47 |
(Statista)
Interior Design Market Size In India
- India’s interior design market shows growth potential, with market size expected to grow by nearly 40% between 2025 and 2029.
Here is how year-wise growth is projected:
👉 $2,133 million market size in 2025.
👉 $2,966 million projected market size by 2029.
👉 11.6% average annual growth rate (2025-2029).
(Statista)
Home Decor Market: Market Segmentation
The major segments in India’s home decor market, as per the latest collected in 2023, are:
- 42% market share is held by the home improvement segment.
- 41% of the market share is dominated by the indoor living category.
- 25% of the market share belongs to bedroom furniture.
Let us have a look at its detailed breakdown:
| Subcategory | Market Share (%) |
|---|---|
| Bedroom furniture | 25% |
| Home textiles | 19% |
| Sitting furniture | 15% |
| Dining furniture | 8% |
| Home office furniture | 6% |
| Living room furniture | 5% |
| Window covering | 2% |
| Others | 10% |
| LED lamps | 79% |
| Fixtures | 10% |
| CFL | 8% |
| Other lamps | 4% |
| Decorative paint | 96% |
| Lacquer and varnish | 1% |
| Hardware | 3% |
| Floor covering | 81% |
| Wall tiles | 19% |
| Sanitary and faucet ware | 93% |
| Kitchen sinks | 7% |
| Power tools | 49% |
| Hand tools | 51% |
| Outdoor furniture | 98% |
| Barbecues | 2% |
(Praxisga)
Home Decor Market Online vs Offline
The online home decor market is projected to grow by 4.9 percentage points from 2025 to 2029, indicating a steady shift in consumer shopping preferences.
| Sales Channel | 2025 | 2029 |
|---|---|---|
| Offline | 67.2% | 62.3% |
| Online | 32.8% | 37.7% |
This shift represents a clear trend toward digital purchasing, though offline channels are expected to dominate the home decor retail landscape through 2029.
(Statista)
Conclusion: India’s Home Decor Market Is Expected To Hit US $48.1B By 2028
The home decor market is transforming significantly, with projections indicating growth across traditional and emerging segments through 2029.
The contrast between mature markets like the US ($37,130 million by 2025) and rapidly growing markets like India ($48.1B by 2028) highlights the industry’s diverse growth patterns.
Several key trends will shape the market’s future trajectory.
Such as the shift toward online channels (reaching 37.7% by 2029), shortened renovation cycles (now 10-12 years), and the dominance of segments like Carpets & Rugs ($51.87 billion by 2025) indicate evolving consumer preferences and shopping behaviors.
For industry stakeholders, these trends suggest opportunities in digital transformation, sustainable products, and market-specific strategies.
The significant growth in home furnishings (11.4% CAGR) and services (9.8% CAGR) segments particularly highlights areas ripe for innovation and investment.
As the market continues to evolve, success will likely depend on adapting to regional preferences, embracing digital technologies, and meeting the growing demand for both aesthetic appeal and functionality in home decor products.
Hi! I’m Siddhant, Founder of Cretekala. Founded in 2019, my civil engineer background and blend of creative journey gave rise to Cretekala, which now stands with a team of 40. I love collaborating with pioneers in the industry and innovating new concrete designs that bring new aesthetics to life. Other times, I’m here sharing my journey and experience with decorative concrete online!