Global Home Furnishings Market 2024-2028
The home furnishings market is forecasted to grow by USD 472.4 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the home furnishings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing interest in interior design, growing demand for high-end and luxury home furnishings, and rising demand for multifunctional home furniture.
Technavio's home furnishings market is segmented as below:
By Product
- Home furniture
- Home textiles
- Floor coverings
By Distribution Channel
By Geography
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the increase in demand for eco-friendly home furnishings as one of the prime reasons driving the home furnishings market growth during the next few years. Also, rising popularity of blogs related to interior designing and enhancement of consumer experience through technologies will lead to sizable demand in the market.
The report on the home furnishings market covers the following areas:
- Home furnishings market sizing
- Home furnishings market forecast
- Home furnishings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home furnishings market vendors that include American Furniture Manufacturing Inc., Ashley Global Retail LLC, Bassett Furniture Industries Inc., Bed Bath and Beyond Inc., Duresta Upholstery Ltd., Ethan Allen Interiors Inc., Future Group, Godrej and Boyce Manufacturing Co. Ltd., Inter IKEA Holding BV, Kroger Co., Mannington Mills Inc., MillerKnoll Inc., Mohawk Industries Inc., Otto GmbH and Co. KG, Penney OpCo LLC, Pepperfry Pvt. Ltd., Shaw Industries Group Inc., Steinhoff International Holdings NV, Tvilum AS, and Wayfair Inc.. Also, the home furnishings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.