Christmas Decoration Market Size, Share, Growth, And Industry Analysis, By Type (Christmas Trees, Christmas Lightings, Christmas Ornaments and Others), By Application (Residential Decoration and Commercial Decoration), Regional Forecast From 2023 to 2028

Updated On: 08 April 2024

Christmas Decoration Market Report Overview

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The global Christmas decoration market size was US$ million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with Christmas decoration experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD in 2028, exhibiting a CAGR of % during the forecast period. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Christmas decorations include all of the many items used to adorn a Christmas tree or a home's interior throughout the holiday season. Tinsel, garlands, ornaments, and lights are examples of this. During the Christmas season, electric lights on a string are commonly used to decorate trees and buildings. The way it operates is by attaching the lights to a power source and turning them on at certain periods throughout the day. Around the Christmas tree and other holiday décor, it is utilized to create a joyful environment. They could consist of lights, garlands, wreaths, and other decorations.

The market is anticipated to increase as a result of the rising demand for Christmas decoration products in the developing nations of Asia Pacific and Latin America. The expansion of this sector is also being fueled by the rising number of retailers in these areas. This market is also being driven by changing lifestyles and rising disposable income levels. This market is being driven by a rise in environmental awareness.

COVID-19 Impact: Reduction in Consumer Disposable Money Due to The Pandemic to Hinder Market Growth

Christmas Decoration Market Due to lockdowns and other restrictions imposed by the relevant governing bodies in response to the recent COVID-19 outbreak, the operations of several industries have either temporarily ceased or are operating with a small workforce. This element is expected to have a very unfavorable effect on the growth of this industry's revenue in the global market for Christmas decorations. Over the course of this projection period, the high expenses related to the installation and maintenance of these equipment is another factor that could restrain the global Christmas decoration market growth.

Latest Trends

"Glass and Metal Segments to Augment Market Growth"

Social media is crucial in the promotion of any good or service. Platforms for social media have an effect on customers. Social media platforms are widely used for business purposes. In the market for Christmas decoration products, there are many local competitors who copy the original work and offer it for less money. Products that are effective and environmentally friendly are being produced. Due to customer preferences for protecting trees and the environment, the glass and metal segments are predicted to increase more quickly than the wooden section.

Christmas Decoration Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Christmas trees, Christmas lightings, Christmas ornaments and others.

In terms of product, Christmas lightings is the largest segment.

• By Application Analysis

Based on application, the market can be divided into residential decoration and commercial decoration.

In terms of application, commercial decoration is the largest segment.

Driving Factors

"Commercial Segment to Provide Impetus to The Market "

Based on application, the market is segmented into residential and commercial. The commercial segment held the largest share and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in spending on Christmas decorations and lights at offices, shopping malls, hospitals, hotels, restaurants, and other public places. In addition, there are various events organized by different organizations that promote the Christmas spirit such as the Light It Up Blue campaign which encourages people to decorate their homes & workplaces with blue lights for a peaceful holiday season.

 Residential accounted for 50% of the market share. It is used in residential settings to add a festive atmosphere. They can also be used as a way to attract attention to a particular area or to create an overall festive mood. They can also be utilized to draw attention to a specific location or to create a celebratory atmosphere in general.

"Growth Of E-Commerce and Social Media Trends to Propel Market Growth"

Christmas decors are widely available in a variety of retail establishments and neighborhood markets, improving consumer accessibility and sales. The growth of e-commerce and social media trends are propelling the market for these Christmas décor products. Social media users who are keeping up with the latest trends start looking for these products and making online purchases, which fuels market demand. For a sizable section of the world's population, Christmas is a time of joy and celebration. Whether for religious reasons, family time, gift-exchanging, or simply time off from work, there are many things to look forward to. One important way that people demonstrate and enhance this Christmas mood is by placing decorations. Christmas trees, lights, and nativity scenes are just a few examples of decorations that give any area—at home, at work, or in the neighborhood—a festive atmosphere.

Restraining Factors

"Price Increase for Christmas Trees to Impede Market Expansion"

There has been a significant price increase for Christmas trees. Due to a number of interrelated circumstances, such as a labor shortage, drought in some regions of the country, high gas prices for the freight trucks, and more, Christmas trees are now more expensive than they were last year.

Christmas Decoration Market Regional Insights

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"Asia Pacific to Dominate the Market Due to the existence of manufacturers"

Global Christmas decoration market share was dominated by the Asia Pacific region. Over the course of the forecast period, growth is anticipated to be fueled by the existence of a sizable number of manufacturers as well as rising disposable income levels. A rise in consumer knowledge of energy saving is also projected to result in greater spending on similar products in nations like Japan. Due to the significant regional demand for artificial trees throughout the holiday seasons, it was anticipated to be the largest regional category. Due to increased urbanization and a growing population, the Asia Pacific area is predicted to have one of the greatest growth rates.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Amscan (U.S.)
• Balsam Hill (U.S.)
• Barcana (U.S.)
• Roman (U.S.)
• Crab Pot Trees (U.S.)
• Crystal Valleym (U.S.)
• Tree Classics (Thailand)
• Hilltop (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.