Global Residential Artificial Flower Retail Market 2019-2023

Global residential artificial flower retail market size will grow close to USD 331 million during 2019-2023. This report offers an analysis of the market by distribution channel (offline distribution channel and online distribution channel) and presents in-depth insights into the growth prospects of the market across the Americas, APAC, and EMEA. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including At Home Stores, Bed Bath & Beyond, Home Depot Product Authority, Target Brands, and Walmart.

Global residential artificial flower retail industry overview

The growing internet penetration across the globe is providing various upcoming opportunities for retailers and vendors to increase their target audiences via online presence. For example, the increasing number of mobile cellular subscriptions will be contributing to the growth of the online retail market as ordering products remotely is becoming more convenient for the customers. A customer is spending nearly 15 to 16 hours a week for shopping, online payments, booking tickets, and other online transactions on the internet. Owing to the benefits of online shopping, consumers are likely to use online retail market portals for buying products like artificial flowers. As a result, the high penetration of smartphones and the internet will trigger the growth of the global residential artificial flower retail market over the next five years. The residential artificial flower retail market is expected to grow at a CAGR of over 4% during the forecast period.

Top residential artificial flower retail companies covered in this market research report

The residential artificial flower retail market is moderately fragmented, and companies are currently introducing trends that will influence homeowners to invest in interior designing. By providing a complete analysis of the market’s competitive landscape and information on the products offered by the companies, this residential artificial flower retail market industry analysis report allows clients to assess the market potential and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of several vendors including:

At Home Stores

Bed Bath & Beyond

Home Depot Product Authority

Target Brands

Walmart

Residential artificial flower retail market segmentation based on geographic regions:

Americas

APAC

EMEA

The Americas will account for the largest share of residential artificial flower retail market during the forecast period. The high cost of natural flowers is one of the major reasons for the high growth of residential artificial flower retail market in this region.

Residential artificial flower retail market segmentation based on distribution channels

Offline distribution

Online distribution

The offline distribution segment will account for the highest growth within the global residential artificial flower retail market due to the expansion of organized retail outlets including hypermarkets, supermarkets, department stores, clubhouse stores, and convenience stores. This report provides an accurate prediction of the contribution of all the segments to the growth of the residential artificial flower retail market size.

Key highlights of the global residential artificial flower retail market for the forecast years 2019-2023:

CAGR of the market during the forecast period 2019-2023

Detailed information on factors that will accelerate the growth of the residential artificial flower retail market during the next five years

Precise estimation of the global residential artificial flower retail market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

The growth of the residential artificial flower retail industry across the Americas, APAC, and EMEA

A thorough analysis of the market’s competitive landscape and detailed information on several vendors

Comprehensive details on factors that will challenge the growth of residential artificial flower retail companies