Home Décor - Moldova | Statista Market Forecast

In Moldova, the revenue in the Home Décor market Segment in 2024 amounts to US$19.68m.
It is projected that the market will experience an annual growth rate of 2.81% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, with a total of US$35bn in 2024.
In terms of per person revenues, in Moldova generates US$5.91 in 2024.
Moldova's home décor market is experiencing a resurgence in traditional craftsmanship, with local artisans creating unique and authentic pieces.

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 Moldova has been experiencing significant growth in recent years. Customer preferences in the country have shifted towards more modern and stylish home décor items, leading to an increase in demand for these products. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market.

Customer preferences: in Moldova have evolved to reflect global trends in home décor. Consumers in the country are increasingly seeking out products that are not only functional but also aesthetically pleasing. This has led to a rise in demand for modern and stylish home décor items such as minimalist furniture, decorative accessories, and contemporary lighting fixtures. The growing popularity of home renovation and interior design shows on television and social media platforms has also influenced customer preferences, as consumers strive to create stylish and personalized living spaces. Trends in the home décor market in Moldova are also influenced by

Local special circumstances:. The country has a rich cultural heritage, and traditional elements often find their way into modern home décor. This fusion of traditional and contemporary styles creates a unique and eclectic look that appeals to many consumers. Additionally, the relatively low cost of living in Moldova allows consumers to allocate a larger portion of their budget towards home décor, further driving demand in the market.

Underlying macroeconomic factors: have also played a role in the development of the home décor market in Moldova. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among consumers. This has allowed individuals to invest more in their homes, including purchasing new furniture, decorative items, and home accessories. Additionally, the rise of e-commerce has made it easier for consumers to access a wide range of home décor products, further fueling the growth of the market. In conclusion, the Home Décor market in Moldova is developing due to shifting customer preferences towards modern and stylish home décor items, influenced by global trends and the popularity of home renovation shows. Local special circumstances, such as the fusion of traditional and contemporary styles, also contribute to the growth of the market. Underlying macroeconomic factors, including steady economic growth and the rise of e-commerce, further drive the development of the market. As consumers in Moldova continue to prioritize creating stylish and personalized living spaces, the home décor market is expected to continue its upward trajectory.

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.