Furniture has witnessed an increased adoption among consumers, with the online buying trend significantly contributing toward the growth of the market. The value of the global home decor market is estimated to reach $838.6 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. The floor coverings segment was the highest contributor to the market, and is estimated to reach $374,832.1 million by 2027, at a CAGR of 4.0% during the forecast period. And, up until 2025, textile is expected to register a revenue-based CAGR of 7.2%, while the outdoor application segment is projected to expand at a CAGR of 7.6%. Excerpts from “The relationship between colour cycles in home furnishings and apparel”, by Olivia Johnson and Pamela Ulrich, International Journal of Interdisciplinary Research, published in Springer Open.
Along with apparel and accessories, colour forecasts are regularly used for