Home Décor - Georgia | Statista Market Forecast

In Georgia, the revenue generated in the Home Décor market Segment in 2024 amounts to US$49.34m.
It is projected that the market will experience an annual growth rate of 1.57% (CAGR 2024-2029).
When comparing globally, United States leads the way with a revenue of US$35bn in 2024.
In terms of per person revenues, in Georgia generates US$13.27 per individual in 2024.
The home decor market in Georgia is seeing a rise in demand for traditional Georgian design elements, such as intricate woodwork and vibrant textiles.

Definition:

The Home Decor segment includes a variety of accessories and furnishings used to make a space more aesthetically appealing. Items in this segment can be found in virtually every room within the home and are typically used to showcase one’s unique style and creativity.

Structure:

The Home Decor segment is divided into four subsegments:

The Decorations subsegment refers to a variety of decorative items that are used to enhance the aesthetics of indoor spaces, such as wall art, decorative objects, vases, and sculptures
The Carpets & Rugs subsegment refers to products designed to cover and enhance the flooring of indoor spaces. These products range from large area rugs to small accent rugs, and are available in a variety of materials, colors, patterns, and textures, providing both functional and aesthetic value to the space.
The Candles subsegment covers decorative and aromatic wax-based products that are commonly used to provide mood lighting and fragrance to indoor spaces.
The Curtains & Blinds subsegment includes products designed to cover windows and regulate the amount of light that enters a room. This segment encompasses a wide range of styles and materials, from traditional drapes and blinds to modern shades and screens.

Additional Information:

The Home Decor segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Candles
Curtains
Carpets & Rugs
Decorative Accessories

Flameless & Floating Candles
Shower Curtains
Smart Blinds
Clocks
Plants
Mirrors

The Home Décor market in Georgia is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Home Décor market in Georgia are shifting towards more modern and contemporary styles. Consumers are increasingly looking for sleek and minimalist designs that create a sense of space and openness in their homes. This preference for modern aesthetics is influenced by global trends and the desire to create a more cosmopolitan and sophisticated living environment. Trends in the Home Décor market in Georgia are also being shaped by the growing popularity of online shopping. With the rise of e-commerce platforms, consumers have greater access to a wide range of home décor products from both local and international brands. This has led to increased competition in the market and a greater variety of options for consumers to choose from. Additionally, the convenience and ease of online shopping have made it more accessible for consumers to explore different styles and trends in home décor.

Local special circumstances: in Georgia, such as the country's rich cultural heritage and traditional craftsmanship, are also influencing the Home Décor market. Georgian consumers have a strong appreciation for handmade and artisanal products, which are often seen as a reflection of the country's cultural identity. This has led to a growing demand for locally made home décor items that showcase traditional craftsmanship and unique design elements. Underlying macroeconomic factors are also contributing to the development of the Home Décor market in Georgia. The country's improving economic conditions and rising disposable incomes have increased consumer spending power, allowing individuals to invest more in their homes and create personalized living spaces. Additionally, the growing tourism industry in Georgia has attracted international visitors who are interested in purchasing locally made home décor products as souvenirs or to incorporate into their own homes. In conclusion, the Home Décor market in Georgia is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and contemporary styles, the rise of online shopping, the appreciation for traditional craftsmanship, and the improving economic conditions in the country are all driving the market forward. As a result, the Home Décor market in Georgia is expected to continue to expand and offer new opportunities for both local and international brands.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.