Home Décor - Ireland

Ireland

In Ireland, the revenue generated in the Home Décor market Segment in 2024 amounts to US$292.60m.
It is projected that the market will experience an annual growth rate of 2.68% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching US$35,440m in 2024.
Considering the total population, per person revenues of US$57.50 are generated in Ireland in 2024.
The Irish home décor market is experiencing a surge in demand for traditional Celtic designs and rustic farmhouse aesthetics.

Key regions: India, France, United States, Canada, Denmark

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Analyst Opinion

The Home Décor market in Ireland has been experiencing significant growth in recent years, driven by changing customer preferences and a strong economy.

Customer preferences: in the Home Décor market in Ireland have shifted towards more modern and minimalist designs, with a focus on functionality and sustainability. Consumers are increasingly looking for products that are not only aesthetically pleasing but also eco-friendly and durable. This shift in preferences has led to an increase in demand for products such as eco-friendly furniture, energy-efficient lighting, and sustainable home accessories. Trends in the market include the rise of online shopping and the increasing popularity of diy home improvement projects. With the growth of e-commerce, consumers now have access to a wide range of home décor products from both local and international retailers. This has increased competition in the market and has led to lower prices and greater product variety. Additionally, the popularity of diy home improvement projects has created a demand for affordable and easy-to-install home décor products, such as peel-and-stick wallpaper and modular furniture. Local special circumstances in Ireland, such as the high cost of housing and the growing number of small living spaces, have also influenced the Home Décor market. Many consumers are looking for innovative and space-saving solutions to maximize the use of their limited living space. This has led to a demand for multi-functional furniture, such as sofa beds and storage ottomans, as well as smart home technology that can help automate and optimize the use of space. Underlying macroeconomic factors, such as a strong economy and a growing population, have contributed to the growth of the Home Décor market in Ireland. With a robust economy, consumers have more disposable income to spend on home improvement projects and luxury home décor items. Additionally, the growing population, fueled by immigration and a high birth rate, has increased the demand for housing, leading to a greater need for home décor products. Overall, the Home Décor market in Ireland is experiencing growth due to changing customer preferences, the rise of online shopping, the popularity of diy home improvement projects,

Local special circumstances: and

Underlying macroeconomic factors:. As the market continues to evolve, it is expected that consumers will continue to prioritize sustainability, functionality, and affordability in their home décor choices. Retailers and manufacturers in the industry will need to adapt to these trends and preferences in order to remain competitive in the market.

Methodology

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.