Homewares Market
Homewares Market Size, Share &Trends Analysis Report By Product Type (Home Decoration, Furniture, Kitchenware, Home Appliances, Soft Furnishings, Lighting, Bathroom Accessories, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Homewares market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Homewares items are used by people in their daily household usage. There are various categories of homewares items such as home decoration, furniture, kitchenware, home appliances, soft furnishings, lighting, bathroom accessories, and others. People prefer to purchase a good quality product that is durable and economical. Companies are focusing on expanding their business in the homewares line by introducing new and innovative products. For instance, in February 2022, Marks & Spencer launched its bestselling homewares collection in India starting 4th March 2022. With contemporary, stylish, and high-quality pieces at a great value. The collection offers beddings, bathrooms, wellness, dining, and more. However, the high cost of technologically advanced home devices impacts negatively on the growth of the global homewares market. People with lower income groups cannot afford the technology-focused devices for their homes which restrains the market growth.
Segmental Outlook
The global homewares market is segmented based on product type and distribution channel. Based on the product type, the market is sub-segmented into home decoration, furniture, kitchenware, home appliances, soft furnishings, lighting, bathroom accessories, and others. Based on the distribution channel, the market is sub-segmented into online and offline. Among the product type, bathroom accessories are expected to hold a prominent share in the growth of the global homewares market during the forecast period.
Bathroom accessories are expected to hold a prominent share in the growth of the homewares market across the globe during the forecast period due to increasing innovative bathroom products. The technological development in bathroom accessories is driving the growth of the bathroom accessories segment in the global homeware market. For instance, in 2019, Kohler launched its new Verdera Voice smart mirror with Google Assistant built in. Kohler’s new mirror can accept voice commands, control appliances around your home, and play music from your favorite streaming services.
Regional Outlooks
The global homewares market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is expected to hold a prominent share in the global homewares market during the forecast period. Furthermore, the North American region is expected to be the fastest-growing region in the global homewares market.
Global Homewares Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Homewares Market
The Asia-Pacific region is expected to hold a prominent share in the growth of the global homewares market during the forecast period due to the availability of manufacturing of furniture items in countries such as India and China. Owing to the growing trend of nuclear family people are shifting their houses which in turn are bolstering the demand for furniture items. As a result of which, many companies are expanding their business to fulfill consumers' requirements and demands which led to the growth of the global homewares market during the forecast period. For instance, in April 2022, online furniture retailer Pepperfry launched a new fulfillment center in Gurgaon to enhance customer experience with faster deliveries in North India. The fulfillment center has a storage capacity of more than 30,000 products.
Market Players Outlook
The major companies serving the global homewares market include F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A., GE Appliances, Inter IKEA Systems B.V., Philips Koninklijke N.V., Tempur Sealy International, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, GE Appliances and Google partnered to build next-generation smart home appliances. Together both companies develop the next generation of smart appliances with Google Cloud Vision AI. GEA benefits from Google Cloud’s seamless integration with other Google platforms and technologies such as Android and Google Assistant.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global homewares market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. GE Appliances
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Inter IKEA Systems B.V.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Philips Koninklijke N.V.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Tempur Sealy International, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Homewares Market by Product Type
4.1.1. Home Decoration
4.1.2. Furniture
4.1.3. Kitchenware
4.1.4. Home Appliances
4.1.5. Soft Furnishings
4.1.6. Lighting
4.1.7. Bathroom Accessories
4.1.8. Others
4.2. Global Homewares Market by Distribution Channel
4.2.1. Online
4.2.2. Offline
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Arc Management & Services SAS
6.2. Bed Bath & Beyond Inc.
6.3. Conair Corp.
6.4. Haworth Inc.
6.5. HNI Corp.
6.6. Le Creuset
6.7. LocknLock Co.
6.8. MillerKnoll, Inc.
6.9. Lenox Corp. (ONEIDA)
6.10. Pacific Market International, LLC
6.11. SEB SA company
6.12. Steelcase Inc.
6.13. Tupperware India Pvt. Ltd.
6.14. The Home Depot
1. GLOBAL HOMEWARES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HOME DECORATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL FURNITURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL KITCHENWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HOME APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SOFT FURNISHINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL LIGHTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL BATHROOM ACCESSORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL OTHER HOMEWARES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HOMEWARES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
11. GLOBAL ONLINE HOMEWARES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OFFLINE HOMEWARES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL HOMEWARES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
17. EUROPEAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN HOMEWARES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC HOMEWARES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC HOMEWARES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC HOMEWARES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
23. REST OF THE WORLD HOMEWARES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD HOMEWARES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD HOMEWARES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNELS, 2021-2028 ($ MILLION)
1. GLOBAL HOMEWARES MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
2. GLOBAL HOME DECORATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL FURNITURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL KITCHENWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL HOME APPLIANCES MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SOFT FURNISHINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL LIGHTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL BATHROOM ACCESSORIES MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL OTHER HOMEWARES MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HOMEWARES MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
11. GLOBAL ONLINE HOMEWARES MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL OFFLINE HOMEWARES MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL HOMEWARES MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
16. UK HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD HOMEWARES MARKET SIZE, 2021-2028 ($ MILLION)
