Home Furnishing Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Product Type (Home Furniture (Bed, Table, Chairs, etc.), Home Textiles (Carpets & Rugs, Cushions, etc.), Wall Décor (Scenic Accent Wall, Rugged Walls)), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region, By Company

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Home Furnishing Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Product Type (Home Furniture (Bed, Table, Chairs, etc.), Home Textiles (Carpets & Rugs, Cushions, etc.), Wall Décor (Scenic Accent Wall, Rugged Walls)), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region, By Company

The global home furnishing market is anticipated to register an impressive CAGR during the forecast period.

Furniture, fabrics, flooring, and other things are the primary categories of home decor. Moveable items used to simplify daily life and provide comfort for rest and relaxation are referred to as furniture. The various price points include premium and mass. These are sold in a variety of indoor and outdoor application locations and are supplied through supermarkets, hypermarkets, specialty shops, e-commerce, and other outlets.

The market for

Additionally, it is expected that the rising homeownership rates would have a favorable effect on this market as a result of the recovery of the global real estate sector. The robust success of the online retail industry is another important factor influencing this market. With the advent of online retail, purchasing home decor is now simple, economical, and convenient.

Increasing Internet Penetration Fuels Market Growth

with 12 gigabytes consumed per month according to The Economic Times, an Indian business journal. India also adds 25 million new smartphone users every three months.

Strategic Collaborations Propels Market Growth

Dabito, a designer, photographer, artist, and the creator of Old Brand New, joined forces with Mitzi, a US-based home decor firm, in April 2022. 12 new Mitzi pieces were produced as a result of this cooperation, ranging from wall sconces to chandeliers, and they are all equally sleek, modern, and desirable.


MIR Segment1

Increasing Trend of Home Decoration Fuels Market Growth

Your home's interior design can really affect how you live! Think of home décor as that special touch – those accessories and furnishings that transform your house or apartment into a space that feels both beautiful and inviting. We're talking everything from household furnishings and lamps to linens, floor coverings, pots, even cool antiquities. And guess what? With more and more people moving to cities and connecting globally, sprucing up our homes has become a big deal, everywhere! Thanks to globalization, we've got easy access to amazing decorative objects, designs, and ideas. Homeowners are snapping these things up to make their homes look and feel better, which is why the market for this stuff is really booming.

Market Segmentation

Company Profile

Walmart Inc., Bed Bath & Beyond Inc., IKEA Group, Macy's, Inc., Wayfair LLC, Home Depot Product Authority, LLC, Carrefour, Herman Miller, Inc., Penney IP LLC, Haworth Inc. Ltd are

Attribute

Details

Base Year

2022

Historical Years

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Distribution Channel

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa, and South America

Country Scope

United States, Canada, Brazil, China, Japan, India, Indonesia, Vietnam, Russia, Italy, France, Spain, United Kingdom, Saudi Arabia, Egypt, UAE, Turkey, Brazil, Argentina, Colombia

Key Companies Profiled

Walmart Inc., Bed Bath & Beyond Inc., IKEA Group, Macy's, Inc., Wayfair LLC, Home Depot Product Authority, LLC, Carrefour, Herman Miller, Inc., Penney IP LLC, Haworth Inc. Ltd, etc.

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