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Allied Market Research

Christmas Decorations Market Type (Artificial Christmas Tree, Christmas Lighting, Other Christmas Decorations Stuff (Ornaments, Flower, and Candles)) Application (Residential , Commercial) Distribution Channel (Online Distribution Channel, Offline Distribution Channel) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10626
Pages: NA
Jun 2021 | 124 Views
 
Author(s) : NA
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Charts: NA
 

COVID-19

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Christmas is an annual festival that celebrates the birth of Jesus Christon December 25 every year. During Christmas, people decorate their houses, shops, and offices to celebrate the festival. Different items are used for decoration during Christmas such as Christmas tree, candles, Christmas balls, Christmas lights, stars, ribbons, candy canes, garland, stockings, snow globes, and angles. Christmas decor enhances the beauty of the environment and lightens and brightens up the surroundings. 

The market for Christmas lights and Christmas decorations is voluminous with a variety of decor items available, which are unique and attractive. As decorating adds glamor to the festival, it is in high demand in the market.

The importance of celebrating Christmas and the willingness of consumers to spend on decoration items to celebrate Christmas are few reasons which are propelling the demand for Christmas decoration items.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

   Segments covered

  Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

  Companies covered

Amscan, Barcana, Balsam Hill, BLACHERE ILLUMINATION, Crab Pot Trees Crystal Valley, Festive Productions Ltd, Hilltop, Kingtree, Roman, and Tree Classics

 

 

COVID-19 Scenario Analysis

  • The COVID-19 outbreak can exacerbate the overall growth of the global Christmas decorations in 2020.
  • The shutdown that is prevailing due to the coronavirus pandemic is temporary and will witness normalcy during the fall and winter season but will still impact the Christmas decoration market.
  • A cut-off in the disposable income of consumers can be witnessed in this crisis, which will decrease the demand for Christmas decorations to some extent.
  • However, customers are inclining more toward online sales platforms due to safety reasons, thus increasing the demand through e-commerce distribution channels. 
  • Strengthening e-commerce presence and improving distribution networks will enable players who are operating in the Christmas decorations market in tapping lucrative opportunities and saving themselves from losses. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rapid urbanization, rise in population, increase in per capita income, surge in disposable income, and globalization are driving the growth of the global Christmas decoration market. In addition to this, Christmas decoration items are easily available in various retails stores and local markets, making them accessible to customers and increasing their sales. Social media trends coupled with the penetration of e-commerce fuel the market growth for these Christmas decorative products. People, while seeing the latest trends on the social media platform, start desiring for these products and end up purchasing them from e-commerce websites, thereby propelling the market demand. Along with this, due to the low cost of raw material and labor, large production &export of these products is possible. In addition, technical barriers on these products are not high, thereby boosting the growth of the global Christmas decorations market.

However, the restraint associated with the growth of this market is the seasonality of the festival. Christmas is celebrated once in a year, and only during that time, the demand for Christmas decorations is at its peak, which hampers the market growth throughout the year. Moreover, low-quality product with cheap prices that do not last long restricts the market growth for the global market.

On the contrary, companies operating in the global Christmas decoration market are focusing on technological innovations, bringing in new trends to attract customers, and processing various improvements in a way that the quality is enhanced and the cost is reduced. All these efforts are creating profitable opportunities for the global Christmas decoration market. Furthermore, due to the intense competition, marketers are continuously making efforts by strategizing so that their products stand out in the market, propelling the market growth.

The global Christmas decoration market trends are as follows:

  • The Christmas decorations market growth in North America and Europe is driven by strong economy of these regions and increase in per capita income of consumers. Also, these regions import a large number of decorative items. Along with this, many locally manufactured decorative items are available in the major retail outlets and the local markets.
  • The South American Christmas decoration market is achieving growth due to the uniqueness in the Christmas lights and Christmas decoration materials.
  • The Christmas decorations market in Asian-Pacific is gaining popularity and high demand due to the technological advancements in the Christmas lights and Christmas decorations. China is the leading exporter of Christmas decorations and exports a large number of decorations products to many developed countries.

Key segments covered

Segment

Sub segment

  Type

  • Artificial Christmas Tree
  • Christmas Lighting
  • Other Christmas Decorations Stuff (Ornaments, Flower, and Candles)

  Application

  • Residential
  • Commercial

  Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

 

Key benefits of the report

  • This study presents the analytical depiction of the global Christmas decorations industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Christmas decorations market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Christmas decorations market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Christmas decorations market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Christmas decorations market research report:

  • Which are the leading players active in the Christmas decorations market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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