Dublin, Aug. 02, 2023 (GLOBE NEWSWIRE) -- The "Homeware Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global homeware market has witnessed steady growth, increasing from $125.19 billion in 2022 to $128.64 billion in 2023, reflecting a compound annual growth rate (CAGR) of 2.8%. This positive trajectory is expected to continue, with the market projected to reach $143.75 billion by 2027, maintaining a CAGR of 2.8%.
The homeware market encompasses various product categories, such as home decoration, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools, among others. Among these, soft furnishings, which include textiles and fabrics used in homes, play a significant role.
The products are distributed through various channels, including homeware stores, franchised stores, departmental stores, and online platforms, catering to both residential and commercial needs. In the era of social media, homeware companies are leveraging these platforms to build a strong brand presence and collaborate with diverse social media influencers, expanding their reach and appeal.
Notably, North America stood as the largest region in the homeware market in 2022, reflecting its importance in the industry's landscape.
The countries covered in the homeware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Increasing customer spending on home interior designing and household furnishing is expected to drive the growth of the homeware market going forward. Customers desire customized homes with good interior and household furnishings, and the COVID pandemic has increased home renovation and decoration spending even more.
As a result of the COVID-19 pandemic, millions of customers are buying new homes and improving their existing ones, and the retail home furnishings category has witnessed a significant boost in both site traffic and spending. The growing consumer spending in home interior and furnishing will further contribute to the growth of the homeware market.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Major players in the homeware market are
- ARC International
- Avon Products
- Conair corporation
- Ikea
- International Cookware
- The oneida group
- Tupperware Brands Corporation
- Zepter international
- Lock & Lock
- Walmart
- Messe Frankfurt Exhibition GmbH
- Carrefour SA
- Herman Miller Inc
- HNI Corporation
- GE Appliances
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $128.64 billion |
| Forecasted Market Value (USD) by 2027 | $143.75 billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Homeware Market Characteristics
3. Homeware Market Trends And Strategies
4. Homeware Market - Macro Economic Scenario
4.1 COVID-19 Impact On Homeware Market
4.2 Ukraine-Russia War Impact On Homeware Market
4.3 Impact Of High Inflation On Homeware Market
5. Homeware Market Size And Growth
5.1. Global Homeware Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Homeware Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Homeware Market Segmentation
6.1. Global Homeware Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Home Decoration
- Furniture
- Soft Furnishings
- Kitchenware
- Home Appliances
- Lighting
- Storage And Flooring
- Bathroom Accessories And Cleaning
- Tableware And Hardware Tools
- Other Products
6.2. Global Homeware Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Residential
- Commercial
6.3. Global Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Homeware Stores
- Franchised Stores
- Departmental Stores
- Online Stores
- Speciality Stores
7. Homeware Market Regional And Country Analysis
7.1. Global Homeware Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Homeware Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/6kfr29
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