Egypt Home Decor Market

Egypt Home Decor Market Overview:

The Egypt home decor market size reached US$ 469 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 697.1 Million by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032. Increasing urbanization, rising disposable incomes, changing consumer lifestyles, growing preference for aesthetically pleasing interiors, expanding real estate development, and the availability of a wide range of home decor products are some of the key factors bolstering market growth.

Egypt Home Decor Market Trends:

Increasing urbanization and changing consumer lifestyles

Increasing urbanization in Egypt along with a burgeoning appetite for home decor products spurred by evolving consumer lifestyles is strengthening the market growth. As more individuals flock to urban centers, the demand for stylish and contemporary furnishings surges. This shift is propelled by factors like globalization, social media, and exposure to international trends, which inspire preferences for modern aesthetics. Consumers, eager to express their individuality and taste, seek out trendy and aesthetically pleasing home decor items that resonate with their personality. This surge reflects a desire for living spaces that not only cater to functional needs but also serve as expressions of personal identity. As a result, the market sees a proliferation of diverse home decor options catering to the varied tastes and preferences of an increasingly urbanized Egyptian population.

Rise of online retail

The rise of online retail channels is transforming the way consumers shop for home decor products in Egypt. With the increasing popularity of e-commerce platforms and the proliferation of smartphones and internet access, more consumers are turning to online channels to purchase home decor items. Online retail offers convenience, a wide selection of products, and the ability to compare prices and read reviews, making it an attractive option for busy urban consumers. Data from the Ministry of Communications and Information Technology reveals a significant surge in e-commerce usage among Egyptian households. The percentage of internet users making online purchases soared to about 50.1% in 2022/2021, up from about 17.8% in 2020/2019. Moreover, the COVID-19 pandemic has spurred the shift towards online shopping, with consumers prioritizing safety and avoiding crowded retail spaces, thus aiding in market expansion.

Growing demand for eco-friendly and sustainable home decor products

With increasing awareness of environmental issues and sustainability concerns, consumers are seeking eco-friendly alternatives for their homes. This has heightened the demand for ecological home décor items made from materials like bamboo, repurposed wood, recycled glass, and organic textiles. In addition to this, consumers are showing a preference for products that are ethically sourced, produced using environmentally friendly manufacturing processes, and have minimal impact on the environment. As a result, home decor brands are increasingly incorporating sustainability into their product offerings and marketing strategies, thereby strengthening the market growth.

Egypt Home Decor Market News:

• In September 2023, Renowned HGTV star, interior designer, and real estate expert Egypt Sherrod ventured into home decor with INDIGO ROAD by Egypt Sherrod, offering accessible luxury to homeowners. This new furnishing brand promises to completely change the home decor industry by making Sherrod's distinctive style and knowledge accessible to a larger audience and altering the way people decorate and furnish their homes.
   

Egypt Home Decor Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on product type and distribution channel.

Product Type Insights:

• Home Furniture
• Home Textiles
• Flooring
• Wall Decor
• Lighting
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product type. This includes home furniture, home textiles, flooring, wall decor, lighting, and others.

Distribution Channel Insights:

• Home Decor Stores
• Supermarkets and Hypermarkets
• Online Store
• Gift Shops
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes home decor stores, supermarkets and hypermarkets, online store, gift shops, and others.

Region Insights: 

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Greater Cairo, Alexandria, Suez Canal, Delta, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Egypt Home Decor Market Report Coverage:

Key Questions Answered in This Report:

• How has the Egypt home decor market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Egypt home decor market?
• What is the breakup of the Egypt home decor market on the basis of product type?
• What is the breakup of the Egypt home decor market on the basis of distribution channel?
• What are the various stages in the value chain of the Egypt home decor market? 
• What are the key driving factors and challenges in the Egypt home decor?
• What is the structure of the Egypt home decor market and who are the key players?
• What is the degree of competition in the Egypt home decor market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Egypt home decor market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Egypt home decor market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Egypt home decor industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.