Home Décor - Poland

Poland

In Poland, the revenue in the Home Décor market Segment is projected to reach US$1,402.00m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.87% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, with US$35,440m in 2024.
In terms of per capita figures, the revenue per person is estimated to be 0.00 in 2024.
Poland's home décor market is experiencing a surge in demand for traditional, handcrafted furniture and accessories.

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

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Analyst Opinion

The Home Décor market in Poland has been experiencing significant growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Polish consumers have shown a growing interest in home décor products, with a particular focus on modern and stylish designs. There is a strong demand for furniture, lighting, textiles, and decorative accessories that can enhance the overall aesthetics of homes. Customers are also increasingly looking for eco-friendly and sustainable options, reflecting a global trend towards more environmentally conscious choices. Additionally, there is a growing interest in personalized and unique home décor items, as consumers seek to express their individuality and create spaces that reflect their personalities.

Trends in the market: One of the key trends in the Home Décor market in Poland is the rise of online shopping. With the increasing availability of high-speed internet and the convenience of e-commerce platforms, more and more consumers are opting to purchase home décor products online. This trend has been further accelerated by the COVID-19 pandemic, which has led to an increased reliance on online shopping due to social distancing measures. As a result, both traditional retailers and online-only players are investing in their online presence and offering a wide range of products to cater to the growing demand. Another trend in the market is the growing popularity of sustainable and locally sourced products. Polish consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking out products that are made from recycled materials or produced in an environmentally friendly manner. This trend is driven by a combination of factors, including increasing awareness of climate change and the desire to support local businesses and artisans.

Local special circumstances: Poland has a rich cultural heritage and a strong tradition of craftsmanship, which has contributed to the growth of the Home Décor market. Polish consumers value traditional craftsmanship and appreciate products that are made with attention to detail and high-quality materials. This preference for locally made products has created opportunities for small-scale artisans and manufacturers to thrive in the market.

Underlying macroeconomic factors: The strong performance of the Polish economy has also played a significant role in the growth of the Home Décor market. Rising disposable incomes, low unemployment rates, and favorable credit conditions have increased consumer spending power and confidence. This has encouraged consumers to invest in home décor products and undertake home improvement projects. Additionally, favorable demographic trends, such as a growing middle class and an aging population, have created a larger customer base for the Home Décor market. In conclusion, the Home Décor market in Poland is experiencing growth due to changing customer preferences, including a focus on modern and stylish designs, eco-friendly options, and personalized items. The market is also benefiting from the rise of online shopping and the increasing popularity of sustainable and locally sourced products. The strong performance of the Polish economy and favorable demographic trends are further driving the growth of 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.