Global Home Furnishings Market (2020-2026) | Size, Trends, Growth, Analysis, segments, Revenue, Forecast, Value, industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Global Home Furnishings Market

As of my knowledge cutoff of September 2021, here are some of the latest developments in the global home furnishings market:

• Increased Demand for Sustainable and Eco-friendly Products: Consumers are increasingly concerned about the environmental impact of their purchases, and this trend is reflected in the home furnishings market. There is a growing demand for sustainable and eco-friendly products, such as furniture made from recycled materials or with low carbon footprints.
• Growth in Online Sales: The COVID-19 pandemic has accelerated the trend of online shopping, and this is true for the home furnishings market as well. E-commerce platforms have seen a surge in sales of home furnishings, as consumers prefer the convenience of shopping from home.
• Focus on Health and Wellness: With more people spending time at home due to the pandemic, there is a growing focus on health and wellness. This is reflected in the home furnishings market, with products that promote relaxation, comfort, and mental well-being gaining popularity.
• Innovation in Design: The home furnishings market is constantly evolving, and there is a growing focus on innovation in design. Companies are using new materials, technologies, and manufacturing techniques to create unique and aesthetically pleasing products.
• Increasing Competition from Private Label Brands: Private label brands, which are owned and sold by retailers themselves, are gaining market share in the home furnishings market. These brands often offer lower prices and more customization options, making them attractive to consumers.

It's important to note that the global home furnishings market is constantly evolving, and there may be new developments since my knowledge cutoff date.

Global Home Furnishings Market Synopsis

Global Home Furnishings Market is expected to witness growth in the upcoming years. The rise in population has, increase in disposable income of consumers in both developed and developing countries and has driven the Home Furnishings Market globally. The need for furniture for a home workspace, consumer preferences for fancy items to decorate in homes, Obesity and the need for larger furniture, and an increase in the construction of buildings have increased the demand for furniture and would lead to much higher demand over the upcoming years. Additionally, the Rise in environmental awareness and assembly costs has shifted consumers preference to Eco-friendly furniture and easy-to-assemble furniture and these are the key upcoming trend in Home Furnishings Market. Also, the production of furniture and décor products was disturbed due to Covid-19 and the effect could be seen in the Home Furnishings Market as well.

According to 6Wresearch, the Global Home Furnishings Market size is anticipated to register growth during 2020-2026. The U.S. dominates the Global Home Furnishings market due to the rising willingness of consumers to spend more on home décor. Furthermore, developing regions such as Canada and Germany have adopted home decor at a large level. China, Brazil and India are witnessing a steady increase. North America was the largest regional market earlier accounting high share of global revenue with wider product accessibility.

Based on the distribution channel, the home furnishings market is categorized into online retail and offline retail. Development in online as well as offline channels of the Home Furnishings Market has led to wider product availability. Further, Asia Pacific is likely to witness growth in Home Furnishings Market primarily due to the shifting population in urban areas and rising construction. Based on verticals, government, hospitality and commercial verticals are expected to register maximum demand over the forecast period because of growing construction projects in the sector.

Global Home Furnishings Market report thoroughly covers the market by Product Type, Distribution Channels, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, and key countries. Global Home Furnishings Market outlook report provides an unbiased and detailed analysis of the on-going Global Home Furnishings Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Players in the Global Home Furnishings Market

As of my knowledge cutoff of September 2021, here are some of the key players in the global home furnishings market:

• Ashley Furniture Industries
• IKEA
• Williams-Sonoma, Inc.
• Mohawk Industries, Inc.
• Herman Miller, Inc.
• Bed Bath & Beyond Inc.
• Steelcase Inc.
• Haworth Inc.
• Kimball International, Inc.
• La-Z-Boy Incorporated

These companies are leaders in various segments of the home furnishings market, including furniture, textiles, flooring, and home decor. However, it's important to note that the market is highly fragmented, with many other players operating at both global and local levels.

Key Highlights of The Reports

• Global Home Furnishings Market Outlook
• Global Home Furnishings Market Overview
• Global Home Furnishings Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Home Furnishings Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution Channel
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Home Furnishings Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Home Furnishings Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Home Furnishings Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Home Furnishings Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Home Furnishings Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Home Furnishings Market
• Market Drivers and Restraints
• Global Home Furnishings Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Home Furnishings Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Distribution Channel:

• Online Retail
• Offline Retail

By Type:

• Home Furniture Market
• Home Textiles Market
• Floor Coverings Market

By Regions:

• Latin America
• North America
• Europe
• Asia Pacific
• Middle East
• Africa

Global Home Furnishings Market: FAQs