Market Overview:
The global home furnishings market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for home furniture, home textile, wall decor and other products from the end users. Additionally, rising disposable income of consumers and growing e-commerce sales are also fuelling the growth of this market. However, volatility in raw material prices may hamper the market growth to some extent during the forecast period. On basis of type, Home Furniture segment is anticipated to hold dominant position in global home furnishings market throughout forecast period followed by Home Textile and Wall Decor segments respectively. On basis of application, E-Commerce Sales segment is projected to register highest CAGR over next 10 years owing to increasing penetration rate of online retailing across globe coupled with rising trend for purchasing furniture & other household items online among consumers globally .Whereas In-store Sales segment held largest share in terms of revenue contribution in 2017 and it is projected that this trend would continue over next 10 years as well .
Product Definition:
Home furnishings are the objects that make up the décor of a home. They can include furniture, art, and other decorative objects. Home furnishings are important because they help to create a comfortable and inviting environment in the home.
Home Furniture:
Home furniture is the movable property which includes beds, chairs, tables and cabinets. It also includes storage devices ( wardrobes and drawers). Home furniture can be used for residential or commercial purposes. The market for home furnishing is growing at a rapid rate due to increasing number of nuclear families in countries like India & China where real estate has been booming over the past few years.
Home Textile:
Home textile is the part of interior design that deals with fabrics, furniture and other decorative materials used in residential places like home offices, living rooms and bedrooms. The global market for home textiles includes products such as bed linen, upholstery (sofa & chair cushions), carpets, area rugs and wall coverings.
Application Insights:
The in-store sales dominated the global home furnishing market, accounting for more than 54.0% share of the total revenue in 2017. The growth is attributed to growing preference for interior decoration among consumers with an inclination towards unique and personalized products. Moreover, rising consumer disposable income levels coupled with increasing spending capacity are expected to drive the demand for furniture in stores across various regions globally over the forecast period.
E-commerce sales are projected to grow at a significant rate over the forecast period owing to increased availability of variety of products from different designers and manufacturers at lower prices as compared to traditional retail stores or outlets. Furthermore, easy payment options along with tracking information provided by e-commerce portals about delivery status enhance customer satisfaction which eventually boosts product sale through online channels only without requiring customers visiting physical store locations around them driving overall market growth positively toward 2030 future date.
Regional Analysis:
Asia Pacific dominated the global home furnishing market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing consumer spending on household essentials, growing middle-class population, improving standards of living coupled with rapid urbanization and rising real estate prices. China has emerged as a major furniture manufacturing hub owing to availability of raw materials such as teakwood, rosewood and ebony at low cost along with easy access to labor.
North America is projected to witness significant growth over the forecast period owing to increasing awareness regarding quality products along with changing lifestyle of consumers towards convenience products for daily needs such as bedding sets, mattress & box spring set etc.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for home furnishings.
- Urbanization and migration: There is a trend of urbanization and migration, which is leading to an increase in demand for home furnishings.
- Changing lifestyle and preferences: There is a change in lifestyle and preferences, which is resulting in an increase in demand for home furnishings.
- Rising number of nuclear families: The number of nuclear families is rising, which is resulting in an increased demand for home furnishings products that cater to individual needs/preferences. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Furnishings Market Research Report
By Type
Home Furniture, Home Textile, Wall Decor, Others
By Application
E-Commerce Sales, In-store Sales
By Companies
IKEA, Walmart, Bed Bath & Beyond, Macy's, Wayfair, Future Group, Haworth, Ashley Furniture, Carrefour, J.C. Penny, Crate & Barrel, Fred Meyer, Herman Miller, Home Depot
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Home Furnishings Market Report Segments:
The global Home Furnishings market is segmented on the basis of:
Types
Home Furniture, Home Textile, Wall Decor, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
E-Commerce Sales, In-store Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IKEA
- Walmart
- Bed Bath & Beyond
- Macy's
- Wayfair
- Future Group
- Haworth
- Ashley Furniture
- Carrefour
- J.C. Penny
- Crate & Barrel
- Fred Meyer
- Herman Miller
- Home Depot
Highlights of The Home Furnishings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Furniture
- Home Textile
- Wall Decor
- Others
- By Application:
- E-Commerce Sales
- In-store Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Furnishings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home furnishings are items that are used in a home to make it more comfortable and aesthetically pleasing. These items can include furniture, rugs, curtains, lamps, and other decorative objects.
Some of the key players operating in the home furnishings market are IKEA, Walmart, Bed Bath & Beyond, Macy's, Wayfair, Future Group, Haworth, Ashley Furniture, Carrefour, J.C. Penny, Crate & Barrel, Fred Meyer, Herman Miller, Home Depot.
The home furnishings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Furnishings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Furnishings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Furnishings Market - Supply Chain
4.5. Global Home Furnishings Market Forecast
4.5.1. Home Furnishings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Furnishings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Furnishings Market Absolute $ Opportunity
5. Global Home Furnishings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Furnishings Market Size and Volume Forecast by Type
5.3.1. Home Furniture
5.3.2. Home Textile
5.3.3. Wall Decor
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Furnishings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Furnishings Market Size and Volume Forecast by Application
6.3.1. E-Commerce Sales
6.3.2. In-store Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Furnishings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Furnishings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Furnishings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Furnishings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Furnishings Demand Share Forecast, 2019-2026
9. North America Home Furnishings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Furnishings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Furnishings Market Size and Volume Forecast by Application
9.4.1. E-Commerce Sales
9.4.2. In-store Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Furnishings Market Size and Volume Forecast by Type
9.7.1. Home Furniture
9.7.2. Home Textile
9.7.3. Wall Decor
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Furnishings Demand Share Forecast, 2019-2026
10. Latin America Home Furnishings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Furnishings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Furnishings Market Size and Volume Forecast by Application
10.4.1. E-Commerce Sales
10.4.2. In-store Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Furnishings Market Size and Volume Forecast by Type
10.7.1. Home Furniture
10.7.2. Home Textile
10.7.3. Wall Decor
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Furnishings Demand Share Forecast, 2019-2026
11. Europe Home Furnishings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Furnishings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Furnishings Market Size and Volume Forecast by Application
11.4.1. E-Commerce Sales
11.4.2. In-store Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Furnishings Market Size and Volume Forecast by Type
11.7.1. Home Furniture
11.7.2. Home Textile
11.7.3. Wall Decor
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Furnishings Demand Share, 2019-2026
12. Asia Pacific Home Furnishings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Furnishings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Furnishings Market Size and Volume Forecast by Application
12.4.1. E-Commerce Sales
12.4.2. In-store Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Furnishings Market Size and Volume Forecast by Type
12.7.1. Home Furniture
12.7.2. Home Textile
12.7.3. Wall Decor
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Furnishings Demand Share, 2019-2026
13. Middle East & Africa Home Furnishings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Furnishings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Furnishings Market Size and Volume Forecast by Application
13.4.1. E-Commerce Sales
13.4.2. In-store Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Furnishings Market Size and Volume Forecast by Type
13.7.1. Home Furniture
13.7.2. Home Textile
13.7.3. Wall Decor
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Furnishings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Furnishings Market: Market Share Analysis
14.2. Home Furnishings Distributors and Customers
14.3. Home Furnishings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IKEA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Walmart
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bed Bath & Beyond
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Macy's
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wayfair
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Future Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haworth
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ashley Furniture
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Carrefour
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. J.C. Penny
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Crate & Barrel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fred Meyer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Herman Miller
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Home Depot
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
