Precise Study on Homewares Market Covering with Market Share, Trends Analysis and Growth Opportunities through 2017-2022 and Highlighting the Key Players - Libbey Inc., Lock & Lock Co. Ltd., Pacific Market International, SEB SA, The Oneida Group Inc., Tup

Demand for homewares is on the rise owing to the growth of the housing and construction sector. There has been a considerable uptick in rural and urban housing in recent years. In addition, the emergence of the “generation rent” has also propelled the sales of various homeware products. This report, compiled by FactMR, provides in-depth analysis of the global homewares market for the forecast period 2017-2022, and offers key insights about future market direction. 

The scope of FactMR’s report is to analyze the global Homewares Market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Homewares manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to homewares. The report commences with a brief information of the global homewares market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global homewares market.

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Increased demand for housing and the emergence of “generation rent” is reflecting favorably on the global homewares market. Currently, the preference for inexpensive fashionable homeware items is higher than premium-priced varieties. The youth population is more fashion oriented and seek season homeware solutions, which is why manufacturers remain focused on constantly changing product design and introducing new products. At the same time, elderly shoppers tend to invest more on luxury categories, owing to their relatively higher spending ability. Factors as such are expected to play an important role in determining the future prospects of the global homewares market. Moreover, companies that manufacture homewares are also offering low-cost textile and decorative ranges in order to penetrate the wide pool of price-sensitive consumers particularly in the developing countries. Some of the companies are coming up with complete sets of homeware decor items that are specific to the aesthetic requirements of the buyer. The recent report published by Fact.MR cites that the global homewares market will reach a valuation is excess of US$ 180,100 Mn, reflecting an above average CAGR during the forecast period (2017-2022).

Homewares are household commodities used within household. Some of the commonly used homeware items include furniture, home decoration, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools. Homewares make living areas more habitual and functional.

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Home Decoration to Remain a Highly Sough-After Homeware Product Segment

Based on product type, demand for home decoration will continue to be strong in 2017 and beyond. Over 2022, global sales of home decoration is projected account for more than 19% revenue share of the homewares market. In addition, nearly US$ 35,297 Mn worth home decoration is estimated to be sold across the globe.

Among regions, the homewares market in Europe is projected remain highly attractive throughout the forecast period. In terms of revenue, the region currently represents a significantly percentage in the global homewares market and trend is anticipated to continue over the next couple of years. Between 2017 and 2022, Europe’s homewares market is expected to expand at an impressive CAGR of 5.5%. The region’s market is expected to create absolute $ opportunity of US$ 15,154.4 Mn during the forecast period. The market in North America is also expected to surge at a healthy CAGR, owing to the increasing demand for low-cost seasonal home decoration in the region.

Competition Tracking

The report has also profiled key companies that are currently functioning in the global homewares market, which include ARC International SA, Avon Products, Inc., Conair Corporation, Inter Ikea Systems B.V., International Cookware SAS, Libbey Inc., Lock & Lock Co Ltd, Pacific Market International, SEB SA, The Oneida Group, Inc., Tupperware Brands Corporation, and Zepter International SA.

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This release was published on openPR.