Home furnishings witnessed a marked decline in sales in both 2020 and 2021 with all categories except home office furniture and storage furniture seeing negative growth. This can be largely attributed to the fact that COVID-19 restrictions led to the postponement of renovation projects and moving home. Consumers’ willingness to invest in significant projects was also undermined by the uncertain economic outlook that resulted from the efforts to contain the pandemic.
This Home Furnishings in Malaysia report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2026 illustrate how market demand is expected to evolve in the medium-term.
Product coverage: Indoor Living, Lighting, Outdoor Living.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
This Home Furnishings in Malaysia report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2026 illustrate how market demand is expected to evolve in the medium-term.
Product coverage: Indoor Living, Lighting, Outdoor Living.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Home Furnishings market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
KEY DATA FINDINGS2021 DEVELOPMENTS
- Sales hit by project postponements and festival lockdown with home office and storage furniture being the only categories to benefit
- Mattress rental and cleaning services continue to develop thanks to increased hygiene-consciousness
- Ikano Corp extends lead thanks to wide range and affordable prices
- Permanent working from home shift is expected to influence further home furnishings demand
- Economic consequences of pandemic to undermine demand
- As e-commerce continues to rise in popularity, a multi-channel approach is likely to be key to success
- Table 1 Sales of Home Furnishings by Category: Value 2016-2021
- Table 2 Sales of Home Furnishings by Category: % Value Growth 2016-2021
- Table 3 NBO Company Shares of Home Furnishings: % Value 2017-2021
- Table 4 LBN Brand Shares of Home Furnishings: % Value 2018-2021
- Table 5 LBN Brand Shares of Light Sources: % Value 2018-2021
- Table 6 Distribution of Home Furnishings by Format: % Value 2016-2021
- Table 7 Forecast Sales of Home Furnishings by Category: Value 2021-2026
- Table 8 Forecast Sales of Home Furnishings by Category: % Value Growth 2021-2026
EXECUTIVE SUMMARY
- Home and garden in 2021: The big picture
- 2021 key trends
- Competitive landscape
- Retailing developments
- What next for home and garden?
- Table 9 Sales of Home and Garden by Category: Value 2016-2021
- Table 10 Sales of Home and Garden by Category: % Value Growth 2016-2021
- Table 11 NBO Company Shares of Home and Garden: % Value 2017-2021
- Table 12 LBN Brand Shares of Home and Garden: % Value 2018-2021
- Table 13 Distribution of Home and Garden by Format: % Value 2016-2021
- Table 14 Distribution of Home and Garden by Format and Category: % Value 2021
- Table 15 Forecast Sales of Home and Garden by Category: Value 2021-2026
- Table 16 Forecast Sales of Home and Garden by Category: % Value Growth 2021-2026
- Summary 1 Research Sources
