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Home Furnishings Stores Market Analysis 2023: Market Size, Share, Trends And Forecast To 2032 | Ashley furniture industries Ltd., Duresta Upholstery Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group
Home Furnishings Stores Market
The Business Research Company's Home Furnishings Stores Global Market Report 2023 identifies growing interest in interior design as the major driver for the Home Furnishings Stores market's growth in the forecast period. Interior design refers to the complete practice of developing an interior environment that protects, and addresses to human needs.
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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Major competitors in the Home Furnishings Stores market are Ashley furniture industries Ltd., Duresta Upholstery Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group.
A key trend in the Home Furnishings Stores market includes technological advancement. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in June 2022, IKEA, a Sweden-based home furnishing company, launched IKEA Kreativ, an AI-powered experience empowering customers to create life-like room designs. IKEA Kreativ is a software with spatial computing, machine learning, and 3D mixed reality technology helping in room design.
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The Home Furnishings Stores market is segmented -
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
4. 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.
The Business Research Company's "Global Home Furnishings Stores Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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