Homewares Market To Cross US$ 2,069.4 Billion by 2028

IMARC Group's latest report, titled "Homewares Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global homewares market size reached US$ 1,544 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,069.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.98% during 2023-2028.

Homewares Market Growth and Demand :

The global market is majorly driven by the growing trend of home improvement and renovation. Coupled with the increasing construction of housing apartments as well as buying of new homes are contributing to the demand for homewares across the globe. Also, interior design and decor trends play a crucial role in driving the homewares market. This is influenced by various factors, such as fashion, architecture, lifestyle, and social media, which is acting as another growth-inducing factor. Moreover, numerous leading players are heavily investing in the launching of eco-friendly and ethically sourced homewares on account of the increasing consumer awareness and concerns about environmental sustainability, thereby influencing the market favorably.

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Who are the key Players Operating in the Industry ? :

• Arc Group
• Avon Products (Natura Co Holding S/A)
• Inter IKEA Systems B.V.
• Groupe SEB
• Herman Miller Inc
• HNI Corporation
• Tupperware
• Lock & Lock
• Zepter International

Homewares Trends:

Homewares refer to the functional and decorative items used to furnish and enhance a home or living space. They can include items for various areas of the home, such as the kitchen, bedroom, living room, bathroom, dining room, and outdoor spaces. Homewares are designed to reflect personal taste, complement the existing home decor, and provide the functionality to make daily life more comfortable and enjoyable. As a result, the changing consumer lifestyles have a significant impact on the homewares market. As individuals spend more time at home and prioritize comfort, convenience, and personalization, there is an increasing demand for homewares that enhance the living experience and reflect individual tastes.

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What is Included in Market Segmentation ? :

Product Type Insights:

• Home Decoration
• Furniture

Kitchenware

• Home Appliances
• Soft Furnishings
• Lighting
• Bathroom Accessories
• Others

Distribution Channel Insights:

• Homeware Stores
• Franchised Stores
• Departmental Stores
• Online
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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