The Germany home decor market is projected to exhibit a growth rate (CAGR) of 4.50% during 2024-2032. The rising disposable income, rapid urbanization, the growing preference for aesthetically pleasing interiors, strong emphasis on sustainable and eco-friendly products, and the influence of social media and home improvement TV shows are some of the major factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.50% |
Increasing Disposable Incomes
Increased purchasing power allows consumers to allocate more funds towards home improvement and decor projects, enabling them to enhance their living spaces. With greater financial flexibility, individuals are more likely to invest in high-quality materials, innovative design solutions, and professional services. Additionally, the home decor market may experience growth as consumers prioritize the aesthetics and functionality of their living spaces, driving demand for related products and services. According to the OECD Better Life Index, in Germany, the average household net-adjusted disposable income per capita is USD 38,971 a year, more than the OECD average of USD 30,490 a year. In terms of employment, about 77% of people aged 15 to 64 in Germany have a paid job, above the OECD employment average of 66%. Some 80% of men are in paid work, compared with 73% of women.
Rising Urbanization and Housing Trends
As urbanization accelerates, more people are moving into new homes and apartments, driving demand for stylish and functional home decor products. According to the World Data Atlas, in 2023, the urban population of Germany was 77.8%. This marks an increase from 72.5% in 1974, growing at an average annual rate of 0.14% over this period. According to an article published by the Economic Times, prices for new apartments rose 2.6% during the period. Existing house prices also gained 0.8%, and prices for new houses increased 3.1%. The signs of stabilization follow official German government data that showed residential property prices dropping 8.4% in 2023 from a year earlier.
Growing E-commerce Industry
The rise of online shopping makes it easier for consumers to access a wide range of home decor products, boosting market growth. According to the data from ECDB, Germany is the 6th largest market for eCommerce with a predicted revenue of US$119,762.0 million by 2024, placing it ahead of India. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.6%, resulting in a projected market volume of US$143,503.1 million by 2028. With an expected increase of 5.7% in 2024, the German eCommerce market contributed to a worldwide growth rate of 10.4% in 2024. Like in Germany, global eCommerce sales are expected to increase over the next years.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type and distribution channel.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes home furniture, home textiles, flooring, wall decor, lighting, and others.
Distribution Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes home decor stores, supermarkets and hypermarkets, online stores, gift shops, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Western Germany, Southern Germany, Eastern Germany, and Northern Germany.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Billion US$ |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Product Types Covered | Home Furniture, Home Textiles, Flooring, Wall Decor, Lighting, Others |
Distribution Channels Covered | Home Decor Stores, Supermarkets and Hypermarkets, Online Stores, Gift Shops, Others |
Regions Covered | Western Germany, Southern Germany, Eastern Germany, Northern Germany |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |