Who does not like decorating their home? People are always looking for home decor accessories to make their homes look nice and welcoming. This is why this market is a good option if you are looking to make profits. Home decor accessories have always been in demand and will stay in demand as long as homes exist.
If you are looking out for highly profitable products to sell, this blog is just for you. We have included the best 30 home decor products that you can sell in 2023-2024. Moreover, we will also talk about where to source these products and how. So, read on to know more!
Table of Contents
Chapter 1: 8 Reasons Why You Should Start A Home Decor Accessories Business
The home decor market has a global reach. Undoubtedly, people all over the world love decorating and beautifying their homes. In the USA alone, the home decor market is expected to reach an astonishing 202 billion dollars in 2024. When compared with the figures for 2019, it is a 20 percent growth.
As the figure shows, the growth has been consistent. Globally, the market is expected to close at 805.75 billion dollars in 2026 with a growth rate of 5%. The major reasons why we recommend starting a business of home decor items are discussed below.
1) Ever Green Industry
As mentioned earlier, the home decor accessories market is evergreen. People have been decorating their homes since the old civilizations. We can see that cavemen had beautiful drawings on the walls of their caves. Old pottery and other mud decorations have been found through excavation. This shows that the industry has been there since the man himself and will last forever. Trends come and go but the industry will stay!
2) Global Target Market
The second advantage of entering this business is that the whole world is your market. Your target market can be just your locality or the entire country. For instance, Europeans love colorful and funky stuff. You will find that their homes are always full of color and designs. On the other hand, Americans are more monotone and prefer simpler things.
Therefore, you can easily choose the extent of the market you want to target. Some home decor stores like Ikea, Bed Bath & Beyond and Wayfair have a global reach. Who knows that you might be giving them a run for their money in a few years, right?
3) Flexible Market
The market for home decor accessories is very flexible. People can have huge mansions or own one-bedroom apartments and still want to decorate their homes. However big or small the house is, people, love decorating it according to their tastes and budget. Some home decor items are found in every house. These include curtains, rugs, decoration pieces, clocks, mirrors, wall hangings etc.
People spend anything from a few dollars to thousands of dollars on these items. So, there is potential for new buyers to enter the market and make a profit
4) Ecommerce Marketplace
With eCommerce, it has become easy and safe to source products from all over the world. This allows sellers to get the lowest prices. For instance, Chinese suppliers provide goods at low prices and high quality to buyers. E-commerce websites like Alibaba, AliExpress, Chinabrands etc are all platforms where buyers and sellers come together to do business.
Note: Some scammers can easily fool even the most professional buyers. To avoid this, you can read our blog on what scams to avoid while importing from China.
5) Introduction of Smart Devices
