Home Furnishings in the Philippines
Home furnishings saw an increase in current value sales in the Philippines in 2023. Hybrid work models have surged in popularity in the Philippines, driven by a strong preference amongst Filipino workers for flexible arrangements. This shift, with many opting for hybrid or fully remote set-ups, reflects a desire for better work-life balance and increased productivity. Moreover, these models unlock a vast national talent pool, transcending geographic constraints and fostering inclusivity. As a re...
Euromonitor International's Home Furnishings in Philippines report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2028 illustrate how market demand is expected to evolve in the medium-term
Product coverage: Indoor Living, Lighting, Outdoor Living.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report??
* Get a detailed picture of the Home Furnishings market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
- Home Furnishings in the Philippines
- Euromonitor International
- June 2024
- List Of Contents And Tables
- HOME FURNISHINGS IN THE PHILIPPINES
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Rise in hybrid work culture results in growth of home office furniture
- LED lamps witness growth thanks to impact on both urban and rural areas
- Sofa beds sees an increase in growth due to people spending more time at home
- PROSPECTS AND OPPORTUNITIES
- Demand for locally handcrafted products is expected to support growth of rugs
- Kitchen and dining textiles expected to grow on the back of consumers’ focus on aesthetics.
- Compact furniture expected to gain in popularity, while hybrid working arrangements will support demand for home office furniture
- CATEGORY DATA
- Table 1 Sales of Home Furnishings by Category: Value 2018-2023
- Table 2 Sales of Home Furnishings by Category: % Value Growth 2018-2023
- Table 3 NBO Company Shares of Home Furnishings: % Value 2019-2023
- Table 4 LBN Brand Shares of Home Furnishings: % Value 2020-2023
- Table 5 LBN Brand Shares of Light Sources: % Value 2020-2023
- Table 6 Distribution of Home Furnishings by Format: % Value 2018-2023
- Table 7 Forecast Sales of Home Furnishings by Category: Value 2023-2028
- Table 8 Forecast Sales of Home Furnishings by Category: % Value Growth 2023-2028
- HOME AND GARDEN IN THE PHILIPPINES
- EXECUTIVE SUMMARY
- Home and garden in 2023: The big picture
- 2023 key trends
- Competitive landscape
- Retailing developments
- What next for home and garden?
- MARKET DATA
- Table 9 Sales of Home and Garden by Category: Value 2018-2023
- Table 10 Sales of Home and Garden by Category: % Value Growth 2018-2023
- Table 11 NBO Company Shares of Home and Garden: % Value 2019-2023
- Table 12 LBN Brand Shares of Home and Garden: % Value 2020-2023
- Table 13 Penetration of Private Label in Home and Garden by Category: % Value 2018-2023
- Table 14 Distribution of Home and Garden by Format: % Value 2018-2023
- Table 15 Distribution of Home and Garden by Format and Category: % Value 2023
- Table 16 Forecast Sales of Home and Garden by Category: Value 2023-2028
- Table 17 Forecast Sales of Home and Garden by Category: % Value Growth 2023-2028
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Research Assistance
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