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Home Furnishings And Floor Coverings Market Key Drivers, Overview 2024-2033
Home Furnishings And Floor Coverings Market
Home Furnishings And Floor Coverings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $174.83 billion In 2028 At A CAGR Of 6.7% :
The home furnishings and floor coverings market size has grown strongly in recent years. It will grow from $125.86 billion in 2023 to $134.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to housing market trends, consumer lifestyle changes, economic conditions, demographics.
The home furnishings and floor coverings market size is expected to see strong growth in the next few years. It will grow to $174.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to e-commerce and digitalization, smart home integration, health and wellness focus, influences from hospitality and commercial spaces. Major trends in the forecast period include sustainability and eco-friendliness, multi-functional and space-saving solutions, personalization and customization, material innovations.
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Home Furnishings And Floor Coverings Market Major Segments
The home furnishings and floor coverings market covered in this report is segmented -
1) By Type: Home Furnishings, Floor Coverings
2) By Price Point: Mass, Premium
3) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Other Distribution Channels
4) By Application: Household, Commercial
Subsegments Covered: Curtains, Bed Spreads, Towels-Home Furnishings, Other Home Furnishings, Carpets And Rugs, Mats
Key Driver - E-Commerce Boosting Growth In The Home Furnishing And Floor Coverings Market
Increasing demand for online shopping is expected to help the home furnishing and floor coverings market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the home furnishing and floor coverings manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of home furnishing and floor coverings by giving larger exposure to producers who were confined to one geography.
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Prominent Trend - Digital Printing Technology Transforming Home Furnishings And Floor Coverings Manufacturing
Home furnishings and floor coverings manufacturers are adopting digital printing technology to cut down on operational expenditures. This technology lowers sampling process time and water consumption. It is also considered to be an eco-friendly alternative to traditional home furnishings and floor coverings. Some of the companies offering digital printing technologies include Epson, Bordeaux Digital PrintInk, and Fratelli Robustelli S.r.l. According to a report by Textile World magazine, 870 million square meters of fabric worth $1.29 billion were printed using digital printing technologies to shorten lead times, customize home decorations, improve design aesthetics and reduce costs.
Home Furnishings And Floor Coverings Market Players
Major companies operating in the home furnishings and floor coverings market include Mohawk Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Tarkett SA, Masco Corporation, Beaulieu International Group, Gerflor SAS, Interfaceflor LLC, TOLI Corporation, Balta Group NV, MillerKnoll Inc., Steelcase Inc., La-Z-Boy Inc., Leggett & Platt Incorporated, Tempur Sealy International Inc., Ethan Allen Interiors Inc., HNI Corporation, Shaw Industries Group Inc., Newell Brands Inc., LG Electronics Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, Electrolux AB, Miele & Cie KG, Dyson Ltd., iRobot Corporation, Hunter Fan Company, Casper Sleep Inc., Purple Innovation Inc., Tuft & Needle LLC, Saatva Inc., Amerisleep LLC, Leesa Sleep LLC, Avocado Green Brands.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the home furnishings and floor coverings market in 2023. North America was the second largest region in the home furnishings and floor coverings market. The regions covered in the home furnishings and floor coverings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Home Furnishings And Floor Coverings Market Report Structure
3. Home Furnishings And Floor Coverings Market Trends And Strategies
4. Home Furnishings And Floor Coverings Market - Macro Economic Scenario
5. Home Furnishings And Floor Coverings Market Size And Growth
…..
27. Home Furnishings And Floor Coverings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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