Over the past decade, the online home decor industry has grown at a staggering rate. Per capita disposable income is expected to continue increasing, enabling consumers to increase their spending on discretionary items.
As the number of Internet users continue to rise in conjunction with a decrease in overall leisure time, the overall convenience and efficiency of online shopping is expected to lure more consumers to choose online retailers. As a result of these trends, industry revenue is forecast to rise over the five years to 2022.
TO ENTER THIS NICHE MARKET
- The overall convenience and efficiency of online shopping is expected to increase demand.
- The revival of the housing market is expected to boost sales of home decor items.
- Online sales will continue to increase thanks to consumers’ lifestyle and shopping preferences.