The global homewares market size reached US$ 1,544 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 2,069.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.98% during 2023-2028. The increasing construction, remodeling, and renovating activities, enhanced focus on research and development (R&D) activities, rapid technological advancements, the introduction of eco-friendly homeware products, and rising expenditure capacities of consumers represent some of the key factors driving the market.
Homeware refers to the items or accessories that are used to decorate or furnish a home. They are typically designed to enhance the functionality, aesthetics, and comfort of living spaces. They are manufactured using metal, plastic, wood, fabric, stone, and synthetic materials. Homeware includes furniture, bedding, kitchenware, lighting, and decorative accessories like vases, candles, and picture frames. They also include soft furnishings, such as linens, towels, bed sheets, pillowcases, blankets, curtains, and carpets. They help to provide comfort, warmth, softness, a sense of relaxation and convenience, enhance the aesthetic appeal of a home, and maintain an organized and clutter-free living space.
Homeware refers to the items or accessories that are used to decorate or furnish a home. They are typically designed to enhance the functionality, aesthetics, and comfort of living spaces. They are manufactured using metal, plastic, wood, fabric, stone, and synthetic materials. Homeware includes furniture, bedding, kitchenware, lighting, and decorative accessories like vases, candles, and picture frames. They also include soft furnishings, such as linens, towels, bed sheets, pillowcases, blankets, curtains, and carpets. They help to provide comfort, warmth, softness, a sense of relaxation and convenience, enhance the aesthetic appeal of a home, and maintain an organized and clutter-free living space.
Homewares Market Trends:
The rising construction, remodeling, and renovating activities across the globe are one of the primary factors driving the market growth. In line with this, the increasing consumer inclination toward seeking homeware products that align with the latest design styles and home improvement trends is favoring the market growth. Moreover, the growing advertisements and showcasing of stylish homes, interior design patterns, and product recommendations by influencers are acting as another growth-inducing factor. Apart from this, the introduction of homeware products manufactured from environmentally friendly materials and sustainable practices owing to the rising consumer awareness and concern for the environment is providing an impetus to the market growth. Additionally, the shifting population from rural to urban areas and the increasing expenditure capacity of individuals are catalyzing the demand for homeware products. Furthermore, various technological advancements and the launch of homeware products that are compatible with smart home systems, such as smart lighting or smart appliances, are positively influencing the market growth. Other factors, including the thriving e-commerce industry, the rapid expansion of interior design businesses, enhanced focus on developing advanced products, and the introduction of customized home decor items, are presenting remunerative growth opportunities for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global homewares market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type and distribution channel.Product Type Insights:
- Home Decoration
- Furniture
- Kitchenware
- Home Appliances
- Soft Furnishings
- Lighting
- Bathroom Accessories
- Others
Distribution Channel Insights:
- Homeware Stores
- Franchised Stores
- Departmental Stores
- Online
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global homewares market. Detailed profiles of all major companies have been provided. Some of the companies covered include Arc Group, Avon Products (Natura Co Holding S/A), Inter IKEA Systems B.V., Groupe SEB, Herman Miller Inc., HNI Corporation, Tupperware, Lock & Lock, Zepter International, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global homewares market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global homewares market?
- What is the impact of each driver, restraint, and opportunity on the global homewares market?
- What are the key regional markets?
- Which countries represent the most attractive homewares market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the homewares market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the homewares market?
- What is the competitive structure of the global homewares market?
- Who are the key players/companies in the global homewares market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Homewares Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arc Group
- Avon Products (Natura Co Holding S/A)
- Inter IKEA Systems B.V.
- Groupe SEB
- Herman Miller Inc.
- HNI Corporation
- Tupperware
- Lock & Lock
- Zepter International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1544 Billion |
| Forecasted Market Value ( USD | $ 2069 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
