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Homeware Market size is expected to reach $ Bn by 2030, as per Maximize Market research
Homeware Market
Homeware Market Overview
The homeware market is characterised by usability, comfort, and aesthetic appeal of living space. This includes furniture, cookware, home textiles, décor items, and appliances. With changing economies, the families are converted into 2 income household. This has resulted in couples investing more in smart and advanced home appliances. The increased urbanization results in smaller living spaces and high demand for appliances, furniture, lighting, soft furnishing, and home decoration products.
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Trends
The home improvement projects around the world are on the rise. The focus on R&D has increased with technology. Eco-friendly homeware and high-income bracket are responsible for the Homeware Market's growth.
The changing consumer trend toward premium items and subsequent high prices are an important challenge faced by the market. High cost of labour, raw materials, energy, and transportation are affecting the profit margins for the manufacturers. A strong competition from local and foreign industry competitors may also affect the market growth.
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Regional overview of Homeware Market
North America dominated the global Homeware Market. North America had a 38.2% market share in 2023. The region is expected to show a 5.3% CAGR and maintain lead during the forecast period. Europe had a 24% market share in 2023.
Recent News about Homeware market
16/10/2024 F&F launches first homeware brand that's available online - with prices starting from €1
13/7/2024 Ellementry Opens Second Store in Ahmedabad, Elevating Homeware and Gifting to New Heights
10/3/2024 Stone Sapphire India to invest Rs 1,000 cr in homewares plant in Baroda
21/3/2024 Brazilian homeware brand Tramontina enters India market
17/7/2024 Resort wear, adaptation and homeware: Scoop brings the French seaside to London
3/9/2024 Tesco launches new F&F homeware brand - and prices start from 50p
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Homeware Market Segmentation
by Type
Home decoration
Furniture & Soft Furnishings
Kitchenware
Home Appliances
Lighting
Bathroom Accessories
Tableware
by Distribution Channel
Specialty stores
Hypermarket & Supermarkets
Online Stores
by Application
Residential
Commercial
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Homeware Market Key Players
1. IKEA (Inter IKEA Systems)
2. Amazoncom Inc.
3. ARC International
4. Walmart Inc.
5. The Oneida Group
6. Target corp
7. Carrefour SA
8. Avon Products
9. Libbey
10. Bed Bath and Beyond Inc.
11. The Home Depot Inc.
12. Alibaba Group Holding Ltd.
13. J.c. Penny Co Inc
14. Tupperware Brands Corporation
15. International Cookware
16. Wayfair Inc.
17. Seb
18. DFS Furniture PLC
Key questions answered in the Homeware Market are:
• What segments are covered in the Global Homeware Market report?
• Which region is expected to hold the highest share in the Global Homeware Market?
• What is the market size of the Global Homeware Market by 2030?
• What is the forecast period for the Global Homeware Market?
Key Offerings:
• Past Homeware Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Homeware Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o § Competitive landscape - Homeware Market Leaders, Market Followers, Regional player
o § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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