The Italy home decor market size reached US$ 802.64 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,357.19 Million by 2032, exhibiting a growth rate (CAGR) of 5.83% during 2024-2032. The market is primarily driven by increasing consumer interest in interior design, rising furniture sales, the growing trend for personalized and sustainable decor items, and the expansion of online retail channels.
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 |
Historical Years
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2018-2023
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Market Size in 2023 | US$ 802.64 Million |
Market Forecast in 2032 | US$ 1,357.19 Million |
Market Growth Rate (2024-2032) | 5.83% |
Increase in the Furniture Sales:
The increase in domestic sales of furniture owing to the rising disposable income, shifting customer preferences, and an increasing focus on interior design and house renovation are contributing to the growth in domestic sales. For instance, according to data from the FederlegnoArredo Studies Center, the Italian Federation of Woodworking and Furniture Industries reported a significant increase in the furniture industry in 2022. Sales grew by 22.2% due to the impressive growth of 26.7% within Italy and strong export growth of 16.3%. The increase in exports highlights the well-known excellent workmanship, inventive design, and classic appeal of Italian furniture, therefore strengthening its global position and bolstering the industry's expansion. Similarly, the noteworthy increase in furniture exports of 16.3% indicates a rising demand in foreign markets for Italian-made home décor items, which is in line with the nation's reputation for superior design and workmanship. Apart from this, the market for home design in Italy has been significantly impacted by the rise in furniture sales, strong economic development, and government incentives for eco-friendly renovations.
Economic Growth:
As stated by 2023 Investment Climate Statement for Italy, the country's economy showed strength in the face of high energy prices and general inflation in 2022, growing at a 3.7% annual pace. This was despite confronting obstacles including high energy prices and inflation. Additionally, the growing development was due to the building industry's robust performance, which supported economic activity together with eco-friendly remodeling projects and a rebound in the tourist and services sectors, all of which made a substantial contribution to Italy's total economic growth. These financial incentives pushed companies and households to invest in environmentally friendly materials and energy-efficient renovations as well as sustainable construction techniques. Consequently, there was a spike in building activity, which raised the demand for furniture and home goods. The building industry's good momentum encouraged auxiliary businesses, promoted job creation, and boosted economic expansion across the region.
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 type. 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 store, gift shops, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South, and Others.
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 | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future 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 Store, Gift Shops, Others |
Regions Covered | Northwest, Northeast, Central, South, Others |
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) |