21 Feb
2024
Key Takeaways:
Creating a warm and welcoming home is a dream of many. With the help of many home decor designers, many have successfully made their dream homes. Home decor is the art of transforming a living space with a personalized touch that reflects individuals’ style and comfort. The designers first listen to their client’s choices and tastes and then bring ample designs and layouts to meet the client’s expectations. Home decor includes the designing of floorings, home textiles, and furniture with a wide variety of textures, patterns, and color options. It also helps clients in choosing appropriate wallpaper and paints for their homes. Not least, the designers also help their clients with numerous attractive accessories such as flower vases, wall hangings, wall clocks, photo frames, and many more to enhance the look and feel of their homes.
What latest trends can enhance your home decor offerings?
Nowadays, people are emphasizing their flooring choices. As floors cover large surfaces in a home, individuals should opt for the right flooring that meets their aesthetics as well as safety concerns. These days, vinyl flooring, wood flooring, tiles, carpet flooring, and granite are the major types of flooring that have gained huge popularity across different regions. Hardwood flooring for kitchens, tiles for bathrooms, and granite for halls and bedrooms have emerged as the best choices of leading architects across the globe. Due to the rising demand for the best types of flooring among individuals, the floor-covering segment is predicted to hold the largest share by generating a revenue of $187.0 million during 2023-2032.
Moreover, homeowners are looking for wide space management in today’s compact houses in urban areas. They pay attention while selecting furniture for their living rooms, dining areas, and bedrooms. Additionally, individuals also look for trending lighting options to give warmth and a cozy feeling to their living spaces. These days, designers have a wide variety of lighting options such as cozy table lamps, floor lamps, hanging lights, and chandeliers, providing individuals with captivating lighting options.
How are modern technologies influencing the home decor sector?
The rise of modern technologies such as AR, VR, and 3D printing has brought new aspects to the home interior design sector. These technologies can help interior designers come up with creative designs and make digitized modern homes. These days, several leading interior designers have started incorporating smart home devices to offer comfort and convenience to their clients. Such high-tech devices include Apple’s Siri, Google Home Assistant, and Amazon’s Alexa which can monitor and control kitchen appliances, lighting, fans, and others with a voice command, providing quality life to individuals.
Furthermore, cutting-edge technology such as 3D modeling can help architects showcase their imagination in virtual reality. This technology can eliminate the need for manual drawings and help designers unleash the wider possibilities of interior design. On the other hand, in the dynamic world of interior design, modern apps like Pinterest, Instagram, and Behance can help designers exchange their innovative ideas beyond geographic boundaries. Instagram has become a popular platform that showcases many talented architects across the globe regardless of the place they belong to. In this way, new-age technologies play a major role in igniting inspiration among designers to exhibit their ideas through these innovative platforms.
Latest home decor solutions by IKEA and Kimball International
Several leading players in the home decor industry have come up with innovative solutions to safeguard competitiveness. For instance, Kimball International, a leading omnichannel commercial furnishings company announced the launch of its modern and comfortable lounge collection to add comfort and beauty to the workplace, health, and education environments. Daymora is the latest lounge collection launched by the company that includes freestanding, modular seating, and occasional tables.
Moreover, in February 2024, IKEA, a leading provider of home furnishing solutions launched its new product, IKEA AI assistant, which is an AI-powered home design, inspiration, and shopping tool. This tool can help users with personalized furniture and decor suggestions based on room dimensions, budget, sustainability preferences, and functional requirements.
To sum up, the increasing living standards in emerging countries and the rising disposable income among individuals will increase the demand for various home decor products in the coming years. Moreover, the rising concept of compact houses and the increasing demand for products offering extra storage will bring immense opportunities for the sector in the future.
To identify new market segments and growth opportunities in the home decor industry, feel free to talk to our industry experts today! They can also help you develop new business strategies and initiatives.
Rosy Behera
Author's Bio- Rosy Behera holds a bachelor’s degree in Electrical and Electronics Engineering and now she is a content writer by profession. She loves to portray her thoughts and ideas with a nice command of words. Grabbing an audience with her creative write-ups is one of her biggest assets so far. Apart from writing, she is a certified “Odisi” dancer and has done Gardharva in Drawing, Painting, and Arts. She always explores new things through travel and is a big foodie.
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