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Items like the bed, sofa, air conditioner, refrigerator, microwave oven, and other home decorating products are included in the category of homewares. Home goods include things like furniture, appliances, kitchen lighting, and bathroom accessories. Increased disposable income and higher living standards are the results of dynamic societal shifts, such as the dramatic growth in the number of women in the labor force. The expansion of the Homewares industry is largely attributable to these factors. Since both husband and wife are now expected to work outside the home, the couple has less time for household duties and personal time, leading to an increase in the demand for high-tech home appliances.
The United Nations reports that a sizable portion of the planet is presently undergoing urbanized. Currently, around 54.8% of the global population resides in urban settings. An increase in the number of households is expected as a result of rising demand for residential homes and apartments, which in turn generates a substantial need for home appliance, furniture, lighting, soft furnishing, and decorative products.
Homewares are goods that individuals use in their homes on a regular basis. You can classify them as furniture, kitchenware, home decor, and more. Colorful, tonic chairs are all the rage in homes today. Elegantly colored and textured homeware items, such as shelves, wardrobes, and others, that satisfy consumers' basic home décor demands are the most popular purchases.
To increase their total profits from these products, businesses are concentrating on growing their presence in the newer areas. To further expand its homeware items' business, including the showrooms and storage facilities in Birmingham, Solihull, and Sutton Coldfield, Cooks Group, based in Birmingham, U.K., acquired a loan of USD 261,398 from Lloyds Bank in October 2020.
It is expected that the market would expand as a result of the companies' recent introduction of novel homeware items, which are likely to lure individuals towards purchasing such products. In the United States, for instance, the New York-based homeware products firm Buffy introduced a revolutionary duvet product made of eucalyptus wood pulp, a vegan and biodegradable substance, in the month of June 2019. Additionally, festival seasons are a popular time to buy new homeware goods. As a result, rising festival celebration tendencies among the world's populace are anticipated to further fuel demand for such products.
The future looks bright for the global homewares market as the number of renters, especially millennial renters and young families and couples shopping for affordable home décor products, continues to climb. This cohort of renters is influenced by the ever-changing fashions in residential architecture. The worldwide homewares market is anticipated to be driven by a number of reasons, including rising demand for contemporary furniture via decor-based rental services and rising demand for high-end homewares. Sales are anticipated to rise as a result of key participants' increased expenditures on cutting-edge technologies and their emphasis on an intuitive shopping experience on their platforms. The expansion of the online furniture and homewares business is similarly aided by the promotional methods and advertising of important players.
However, the availability of direct substitutes and reusable plastic bags will further challenge the growth of the homeware market over the forecast period, as will the rising bargaining power of buyers and suppliers, the threat of new entrants, the threat of substitutes, and the threat of rivalry.
Report Coverage
Global Homewares research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Homewares report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Homewares competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Homewares market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Homewares market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Homewares market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ARC International (France), Conair Corporation (U.S.), International Cookware (U.S.), Libbey (U.S.), Lock & Lock (South Korea), Century Furniture LLC (U.S.), Heritage Home Group LLC (U.S.), Masco Corporation Designs (U.S.), HNI Corporation (U.S.) and IKEA (Sweden)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Homewares market based on the below-mentioned segments:
Global Homewares Market, By Product Type
Furniture & Furnishings
Kitchen Wares
Lighting products
Others
Global Homewares market, By Distribution Channel
Specialty stores
Hypermarkets & Supermarkets
Online Stores
Others
Global Homewares market, Regional Analysis
The United Nations reports that a sizable portion of the planet is presently undergoing urbanized. Currently, around 54.8% of the global population resides in urban settings. An increase in the number of households is expected as a result of rising demand for residential homes and apartments, which in turn generates a substantial need for home appliance, furniture, lighting, soft furnishing, and decorative products.
Homewares are goods that individuals use in their homes on a regular basis. You can classify them as furniture, kitchenware, home decor, and more. Colorful, tonic chairs are all the rage in homes today. Elegantly colored and textured homeware items, such as shelves, wardrobes, and others, that satisfy consumers' basic home décor demands are the most popular purchases.
To increase their total profits from these products, businesses are concentrating on growing their presence in the newer areas. To further expand its homeware items' business, including the showrooms and storage facilities in Birmingham, Solihull, and Sutton Coldfield, Cooks Group, based in Birmingham, U.K., acquired a loan of USD 261,398 from Lloyds Bank in October 2020.
It is expected that the market would expand as a result of the companies' recent introduction of novel homeware items, which are likely to lure individuals towards purchasing such products. In the United States, for instance, the New York-based homeware products firm Buffy introduced a revolutionary duvet product made of eucalyptus wood pulp, a vegan and biodegradable substance, in the month of June 2019. Additionally, festival seasons are a popular time to buy new homeware goods. As a result, rising festival celebration tendencies among the world's populace are anticipated to further fuel demand for such products.
The future looks bright for the global homewares market as the number of renters, especially millennial renters and young families and couples shopping for affordable home décor products, continues to climb. This cohort of renters is influenced by the ever-changing fashions in residential architecture. The worldwide homewares market is anticipated to be driven by a number of reasons, including rising demand for contemporary furniture via decor-based rental services and rising demand for high-end homewares. Sales are anticipated to rise as a result of key participants' increased expenditures on cutting-edge technologies and their emphasis on an intuitive shopping experience on their platforms. The expansion of the online furniture and homewares business is similarly aided by the promotional methods and advertising of important players.
However, the availability of direct substitutes and reusable plastic bags will further challenge the growth of the homeware market over the forecast period, as will the rising bargaining power of buyers and suppliers, the threat of new entrants, the threat of substitutes, and the threat of rivalry.
Report Coverage
Global Homewares research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Homewares report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Homewares competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Homewares market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ARC International (France), Conair Corporation (U.S.), International Cookware (U.S.), Libbey (U.S.), Lock & Lock (South Korea), Century Furniture LLC (U.S.), Heritage Home Group LLC (U.S.), Masco Corporation Designs (U.S.), HNI Corporation (U.S.) and IKEA (Sweden) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Homewares Market from 2021 to 2030.
- Market Forecast for Homewares Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Homewares competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Homewares
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Homewares market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Homewares market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ARC International (France), Conair Corporation (U.S.), International Cookware (U.S.), Libbey (U.S.), Lock & Lock (South Korea), Century Furniture LLC (U.S.), Heritage Home Group LLC (U.S.), Masco Corporation Designs (U.S.), HNI Corporation (U.S.) and IKEA (Sweden)
Primary Target Market
- Market Players of Homewares
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Homewares market based on the below-mentioned segments:
Global Homewares Market, By Product Type
Furniture & Furnishings
Kitchen Wares
Lighting products
Others
Global Homewares market, By Distribution Channel
Specialty stores
Hypermarkets & Supermarkets
Online Stores
Others
Global Homewares market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the homewares market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.