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Global Home Furnishings Stores Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032
Home Furnishings Stores Market
Home Furnishings Stores Market Size, Growth Rate, And Forecast
The global home furnishings stores market size is expected to grow from $191.74 billion in 2022 to $203.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 global home furnishings stores market size is expected to reach $249.81 billion in 2027 at a CAGR of 5.2%.
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Home Furnishings Stores Market Drivers
The growing interest in interior design is expected to propel the growth of the home furnishings stores market going forward. Interior design refers to the complete practice of developing an interior environment that protects, and addresses to human needs. Customers attracted by the home style and lifestyle influencers are willing to spend more on various designer and luxury home furniture and are heavily spending on homes decors and interior design patterns.
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Home Furnishings Stores Market Segments
1) By Product Type: Home Furniture, Home Textile, Wall Décor
2) By Price Point: Mass, Premium
3) By Application: E-Commerce Sales, In-store Sales
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Home Furnishings Stores Market.
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Home Furnishings Stores Market Key Players
Major competitors in the Home Furnishings Stores Market include Ashley furniture industries Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group, Mohawk Industries Inc., Manning Mills Inc., Forbo International SA, Bed Bath & Beyond Inc., Wayfair LLC, Herman Miller Inc., Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Hansemm Corporation, Armstrong World Industries Inc., Walmart Inc., Macy's Inc., home 24, Conair Corporation, J.C. Penney, and Home Depot Product Authority LLC
The Business Research Company's "Global Home Furnishings Stores Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Home Furnishings Stores Market Include:
1. Executive Summary
2. Home Furnishings Stores Market Characteristics
3. Home Furnishings Stores Market Trends And Strategies
4. Home Furnishings Stores Market - Macro Economic Scenario
5. Home Furnishings Stores Market Size And Growth
......
26. Africa Home Furnishings Stores Market
27. Home Furnishings Stores Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Furnishings Stores Market
29. Home Furnishings Stores Market Future Outlook and Potential Analysis
30. Appendix
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