The online home decor market has experienced significant growth over the past few years, and is expected to continue to grow at a considerable rate in the coming years. The global online home decor market revenuesis expected to grow at CAGR of 17% during the forecast period of 2024 to 2032.
The global market for school furniture market is expected to grow at a CAGR of 6.5% during the forecast period of 2024 to 2032. Increasing emphasis on expanding access to education in rural regions, towns, and cities has been a significant element driving market expansion.
The global market for kids’ storage furniture is projected to expand at a CAGR of 20% during the forecast period of 2024 to 2032. In lieu of purchasing new homes, customers are increasingly engaging in home maintenance and remodeling projects as property prices rise. As a result of increased property values, homeowner equity has doubled, indicating a trend of homeowners being wealthier and more likely to invest in home repair projects.
Globally, the digital out-of-home market is expected to grow with a CAGR of 10.0% during the forecast period from 2024 to 2032, starting from US$ 5.39 Bn in 2021. Changing dynamics of the advertising industry, and increasing digitization are the key factors attributed to the growth in digital out-of-home market. Globally, the ways of marketing and advertisement are changing based on recent technologies. Increasing need for real time tracking and being in touch with advanced technologies is enabling the key players to be digitally sane and find ways that can help them reach a major chunk of the customer.
Growth in ecommerce sector as well as busy work schedule has strengthened the demand for buying the clothes and related accessories online instead of going to any brick and mortar or physical stores. It has been notified that some of leading ecommerce firms such as Amazon and Flipkart (India) has created immense potential in this industry.
Electric wheelchair market expected to Grow at 8.2% by 2031, Healthcare and medical devices is one of the fastest growing industries across the globe. New devices and equipment are constantly being developed in order to reduce the suffering of patients. One of the most important aspects in treatment of patient is their mobility. Patients having lower limbs disabilities find it highly difficult to mobilize themselves. Conventional wheelchair, also termed as manual wheelchair, has been the sole solution available since several years.
Europe Carpet Market is Expected to Grow at 4.2% by 2031. The Growing expenditure on infrastructure growth in Germany owing to growing amount of building stocks that includes apartments is predicted to support and enhance the demand in housing interiors during the estimated period.
The household products market reached US $285 billion in 2021, and it is expected to grow at a CAGR of more than 3.5% during the period of 2023 to 2031. This can be attributed to the greater emphasis on hygiene and cleaning habits due to the pandemic outbreak. Furthermore, rising purchasing power among global consumers and a shift toward sustainable and naturally produced products are expected to drive the sector's sales growth.
Rising public awareness of the importance of keeping the home clean has become one of the primary driving forces behind the growth of the household products market. Furthermore, the widespread availability of household cleaners in a variety of flavors and fragrances is expected to drive market growth. Furthermore, changing lifestyles, rapid urbanization, preference towards maintaining surroundings and personal hygiene, and indulgence regarding clean and neat living spaces are anticipated to propel the growth of this market in the coming years. The COVID-19 pandemic has resulted in a dramatic increase in household cleaning goods worldwide, owing to rising consumer concerns about health and cleanliness. Rising disposable income and rapid urbanization, which are resulting in significant infrastructure developments, are expected to drive up demand for household products in the coming years. Furthermore, an increase in demand for sustainable and eco-friendly household products is likely to create more opportunities for this industry, driving the market's growth significantly during the forecast period.
Household product sales are expected to increase in the coming years due to innovative packaging, brand development, and promotion. Growing consumer concerns about the environment and their own health have fuelled the demand for environment-friendly cleaning products. Organic products are expected to see a significant increase in demand in the coming years due to the absence of hazardous chemicals as well as their odor. Increasing investments by key players to create new eco-friendly products are expected to raise industry sales even further.
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