Homeware Market 2023 : Industry Analysis, Size, Share, Growth, Trend And Forecast 2032 | ARC International, Avon Products, Conair corporation, Ikea, International Cookware
As per the homeware market report by The Business Research Company, Increasing customer spending on home interior designing and household furnishing is expected to drive the growth of the homeware market going forward. Customers desire customized homes with good interior and household furnishings, and the COVID pandemic has increased home renovation and decoration spending even more.
The global homeware market size grew from $125.19 billion in 2022 to $128.64 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The homeware market size is expected to grow to $143.75 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the Homeware market include ARC International, Avon Products, Conair corporation, Ikea, International Cookware, The ONEIDA Group, Tupperware Brands Corporation, Zepter international, Lock & Lock, Walmart, Messe Frankfurt Exhibition GmbH, Carrefour SA, Herman Miller Inc., HNI Corporation, and GE Appliances.
The Homeware market is segmented -
By Product Type: Home Decoration, Furniture, Soft Furnishings, Kitchenware, Home Appliances, Lighting, Storage And Flooring, Bathroom Accessories And Cleaning, Tableware And Hardware Tools, Other Products
By Application: Residential, Commercial
By Distributional Channel: Homeware Stores, Franchised Stores, Departmental Stores, Online Stores, Speciality Stores
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Homeware market.
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Homeware refers to products that aids in home renovation and are used for indoor home furnishings and layouts. Homewares including interiors play an important role in enhancing the look and feel of the home.
The main types of products in homeware are home decoration, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools, others. Soft furnishings are fabrics or textiles employed in the home. It includes linens, such as bath and dish towels, table linens, shower curtains, bathroom ensembles, sheets, pillowcases, mattresses, blankets, comforters, rugs and carpeting, draperies, curtains, and upholstery textiles. The products are distributed through homeware stores, franchised stores, departmental stores, online stores, specialty stores and are used for residential and commercial purposes.
The Table Of Content For The Homeware Market Include:
1. Executive Summary
2. Homeware Market Characteristics
3. Homeware Market Trends And Strategies
4. Homeware Market - Macro Economic Scenario
5. Homeware Market Size And Growth
26. Africa Homeware Market
27. Homeware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Homeware Market
29. Homeware Market Future Outlook and Potential Analysis
The "Global Homeware Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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