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Italy Home Decor Market Report by Product Type (Home Furniture, Home Textiles, Flooring, Wall Decor, Lighting, and Others), Distribution Channel (Home Decor Stores, Supermarkets and Hypermarkets, Online Store, Gift Shops, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A23796
Year End
sale
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Italy Home Decor Market Overview:
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.
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Report Attribute
|
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 Size in 2023 | US$ 802.64 Million |
| Market Forecast in 2032 | US$ 1,357.19 Million |
| Market Growth Rate (2024-2032) | 5.83% |
Italy Home Decor Market Trends:
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.
Italy Home Decor Market News:
- February 2024: B&B Italia unveiled its latest outdoor collection, featuring a range of new furniture pieces crafted by globally acclaimed designers. Among the highlights are Mario Bellini's Softcage and La Bambola Outdoor, Monica Armani's Tesa O' Outdoor, and Barber Osgerby's Button Tables Outdoor.
- April 2024: The first collaboration between Partners and Falper, the Italian manufacturer that specializes in bathroom furniture helped win their first award Elle Decoration International Design Awards (EDIDA) for Milan Desing Week 2024. They aim to merge design and architecture into one, taking inspiration from Japanese minimalism to create a harmonious blend of textures and materials. Moreover, the marble washbasin is integrated into a solid wood storage unit, and the slender, multipurpose stainless steel stem faucet can also support a mirror, hold a tray, or hang towels.
- January 2024: Milano Home between January 11th and 14th, 2024 offered a fresh initiative targeting industry professionals that emerged through the partnership of Fiera Milano and GEFI. In Milan, on March 23rd, 2023, a new exhibition project focused on Home and Living was unveiled, highlighting styling trends, the unique essence of Made in Italy, and the exclusivity of its offerings as distinguishing features. The latest in-home decor and design at Milano HOME showcases a myriad of innovative concepts, trends, and inspirations for 2024. It also offers an immersive experience centered on authenticity, originality, quality, and innovation, promising a comprehensive educational program alongside unparalleled showcases of craftsmanship.
Italy 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
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:
- Northwest
- Northeast
- Central
- South
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South, 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.
Italy Home Decor Market Report Coverage:
| Report Features | Details |
|---|---|
| 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:
|
| 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) |
Key Questions Answered in This Report:
- How has the Italy 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 Italy home decor market?
- What is the breakup of the Italy home decor market on the basis of product type?
- What is the breakup of the Italy home decor market on the basis of distribution channel?
- What are the various stages in the value chain of the Italy home decor market?
- What are the key driving factors and challenges in the Italy home decor?
- What is the structure of the Italy home decor market and who are the key players?
- What is the degree of competition in the Italy 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 Italy home decor market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Italy 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 Italy 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.
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