Key regions: India, France, United States, Canada, Denmark
The Home Décor market in Croatia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.
Customer preferences: in the Home Décor market in Croatia have shifted towards more modern and minimalist designs. Customers are increasingly looking for functional and practical home décor items that also reflect their personal style. This shift is influenced by global trends in interior design, as well as the desire for a clean and clutter-free living space. Additionally, there is a growing demand for sustainable and eco-friendly home décor products, as customers become more conscious of their environmental impact.
Trends in the market: include the rise of online shopping for home décor products. With the increasing availability of e-commerce platforms and the convenience of online shopping, more customers are opting to purchase home décor items online. This trend is also driven by the wide variety of options available online, allowing customers to easily compare prices and find unique and niche products. In addition, there is a growing interest in diy home décor projects, as customers embrace their creativity and seek to personalize their living spaces.
Local special circumstances: in Croatia also contribute to the development of the Home Décor market. Croatia is known for its rich cultural heritage and traditional craftsmanship, which is reflected in the demand for locally made home décor products. Customers appreciate the quality and uniqueness of handcrafted items, and there is a growing market for traditional Croatian home décor pieces. Furthermore, croatia's tourism industry plays a role in the Home Décor market, as tourists often seek to bring back souvenirs and unique items from their travels. Underlying macroeconomic factors also have an impact on the Home Décor market in Croatia. The country's improving economy and rising disposable incomes have led to increased consumer spending on home décor products. As people have more money to invest in their homes, they are willing to spend on high-quality and stylish home décor items. Additionally, the growing real estate market in Croatia, particularly in popular tourist destinations, has created a demand for home décor products as people seek to furnish and decorate their new properties. Overall, the Home Décor market in Croatia is developing in response to changing customer preferences, emerging trends, local special circumstances, and
Underlying macroeconomic factors:. As customers increasingly prioritize modern and minimalist designs, online shopping, sustainability, and traditional craftsmanship, the market is expected to continue growing in the coming years.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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