South Korea Home Decor Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Home Furniture, Home Textiles, Flooring, Wall Decor, Lighting, and Others), By Distribution Channel (Home Decor Stores, Supermarkets and Hypermarkets, Online Stores, Gift Shops, and Others), and South Korea Home Decor Market Insights, Industry Trend, Forecasts to 2035

South Korea Home Decor Market Insights Forecasts to 2035

• The South Korea Home Decor Market Size was estimated at USD 13.9 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.82% from 2025 to 2035
• The South Korea Home Decor Market Size is Expected to Reach USD 21.0 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Home Decor Market is anticipated to reach USD 21.0 billion by 2035, growing at a CAGR of 3.82% from 2025 to 2035. The regional market is largely being driven by the growing number of remodeling projects and people's increased focus on designing living areas that complement the residents' preferences, hobbies, and lifestyles.

Market Overview

The South Korean home decor market encompasses the design, manufacture, and sale of goods and services targeted at improving the visual appeal and practicality of living areas are all included in the South Korean home decor market. This industry encompasses a wide variety of products, including wall décor, flooring, furniture, textiles, lighting fixtures, and accessories. The main goal is to design living spaces that are a reflection of personal preferences, cultural influences, and current design trends. Additionally, Smart technology is increasingly being incorporated into interior design. To improve convenience and energy efficiency in their homes, consumers are spending money on voice-activated appliances, automated window treatments, and smart lighting systems.

Report Coverage

This research report categorizes the market for the South Korea home decor market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea home decor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea home decor market.

Driving Factors

Residents work hard to design homes that not only look welcoming but also meet their functional needs, making striking a balance between aesthetic appeal and functionality a top priority. The regional trend of consumers realizing how their living environment affects their well-being is also reflected in the South Korean home decor market. Because of this, consumers spend money on high-quality home décor to create areas that enhance their everyday lives, which serves as yet another important growth-inducing element. Apart from this, the South Korean home decor market is expected to continue growing during the projected period due to rising awareness of the value of home aesthetics and a growing preference for customized interior design.

Restraining Factors

The domestic textile sector in South Korea is greatly impacted by market fluctuations in the price of raw materials like cotton, linen, and synthetic fibers. The affordability and profitability of home décor products can be impacted by abrupt price increases brought on by disruptions in the global supply chain or geopolitical conflicts.

Market Segmentation

The South Korea home decor market share is classified into product type and distribution channel.

• The home furniture segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea home decor market is segmented by product type into home furniture, home textiles, flooring, wall decor, lighting, and others. Among these, the home furniture segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Items like couches, tables, chairs, and storage options are included, demonstrating the high demand from consumers for fashionable and useful home furnishings.

• The home decor stores segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea home decor market is segmented by distribution channel home decor stores, supermarkets and hypermarkets, online stores, gift shops, and others. Among these, the home decor stores segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. These shops serve customers seeking carefully chosen options and knowledgeable advice by providing a large selection of furniture, textiles, lighting, and decorative items.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea home decor market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fursys
• IKEA
• NAVER Corp.
• Hanssem
• Hyundai Livart
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Home Decor Market based on the below-mentioned segments:

South Korea Home Decor Market, By Product Type

• Home Furniture
• Home Textiles
• Flooring
• Wall Decor
• Lighting
• Others

South Korea Home Decor Market, By Distribution Channel

• Home Decor Stores
• Supermarkets and Hypermarkets
• Online Stores
• Gift Shops
• Others