Home Décor - Oman | Statista Market Forecast

In the year 2024, the revenue generated in the Home Décor market Segment in Oman amounted to US$129.20m.
It is projected that this market will experience an annual growth rate of 2.19% (CAGR 2024-2029).
When compared globally, United States leads the way in terms of revenue generation, with a staggering amount of US$35bn in 2024.
In relation to the total population figures, the per person revenue generated in Oman in 2024 amounts to US$27.41.
Oman's home décor market is witnessing a surge in demand for traditional Omani handicrafts and ceramic pottery.

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 Oman has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and contemporary styles, with a focus on functionality and minimalism. Additionally, there has been an increasing demand for eco-friendly and sustainable home décor products.

Customer preferences: In recent years, customers in Oman have shown a preference for modern and contemporary home décor styles. This shift can be attributed to the influence of global design trends and the desire for a more minimalist and functional living space. Customers are increasingly seeking out sleek and streamlined furniture pieces, as well as clean and simple decorative accessories. Another important customer preference in the Home Décor market in Oman is the demand for eco-friendly and sustainable products. With growing awareness about environmental issues, customers are actively seeking out home décor items that are made from recycled materials or produced using sustainable practices. This trend has led to an increase in the availability of eco-friendly home décor products in the market.

Trends in the market: One of the key trends in the Home Décor market in Oman is the rise of online shopping. With the increasing availability of high-speed internet and the convenience of online shopping platforms, customers are turning to online retailers to purchase home décor items. This trend has led to a shift in the distribution channels for home décor products, with traditional brick-and-mortar stores facing increasing competition from online retailers. Another trend in the market is the growing popularity of DIY (do-it-yourself) home décor projects. Customers are increasingly interested in personalizing their living spaces and expressing their individual style through DIY projects. This trend has led to an increase in the availability of DIY home décor products and materials in the market.

Local special circumstances: Oman has a rich cultural heritage, and this is reflected in the local home décor market. Traditional Omani home décor styles, such as the use of intricate patterns and vibrant colors, continue to be popular among customers. This has led to a thriving market for traditional Omani home décor products, including handcrafted furniture and decorative accessories.

Underlying macroeconomic factors: The growth of the Home Décor market in Oman can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed customers to invest more in home décor and furnishings. Additionally, the government of Oman has been actively promoting the development of the tourism industry, which has had a positive impact on the Home Décor market. The growth of the tourism industry has led to an increase in the number of hotels, resorts, and other hospitality establishments, which in turn has created a demand for home décor products. This has provided a boost to the local home décor market, as suppliers cater to the needs of the hospitality industry. In conclusion, the Home Décor market in Oman is experiencing growth due to changing customer preferences towards modern and contemporary styles, as well as an increasing demand for eco-friendly and sustainable products. The rise of online shopping and the popularity of DIY projects are also shaping the market. The local cultural heritage and the government's promotion of the tourism industry are additional factors contributing to the growth of the market. The underlying macroeconomic factors, including economic growth and the development of the tourism industry, are driving the demand for home décor products in Oman.

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.