Press release
Global Homeware Market: Insights into Market Growth, Major Players, and Forecast for 2024-2029
Homeware Market Size
What Is The Projected Market Size Of The Global Homeware Market And Its Growth Rate?
The global homeware market comes with promising growth attributes.
• The market size was $139.08 billion in 2024 and is projected to be $145.32 billion in 2025. The CAGR in this period stands at 4.5%.
• The market size is predicted to be $191.2 billion by 2029 with a CAGR of 7.1%.
What Is Driving The Growth In The Homeware Market?
Increased customer spending on home interior designing and household furnishing is augmenting the growth of the homeware market. Due to the COVID-19 pandemic, there has been a significant rise in home renovation and decoration spending as customers are investing more in making their homes comfortable. Elevated spending in home interior and furnishing among consumers are some factors contributing to market growth.
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Who Are the Key Players Driving Homeware Market Growth?
The homeware market is led by the following key players:
• Walmart Inc.
• Carrefour SA
• Whirlpool Corporation
• Kohl's Corporation
• Newell Brands Inc.
• Williams-Sonoma Inc.
• Kohler Co.
• GE Appliances
• Herman Miller Inc.
• HNI Corporation
What Are The Key Trends In The Homeware Market?
Relevant trends in the homeware market include:
• Personalization
• Global influences in design
• Virtual try-before-you-buy
• Digital marketing trends
• Minimalist design
What Are The Segments Of The Global Homeware Market?
The homeware market is categorized as:
1. By Product Type: Home Decoration, Furniture, Soft Furnishings, Kitchenware, Home Appliances, Lighting, Storage And Flooring, Bathroom Accessories And Cleaning, Tableware And Hardware Tools, Other Products.
2. By Application: Residential, Commercial.
3. By Distributional Channel: Homeware Stores, Franchised Stores, Departmental Stores, Online Stores, Specialty Stores.
Which Region Leads The Homeware Market?
North America was the largest region in the homeware market in 2024. Other regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Homeware Market Global Market Report?
- Market Size Analysis: Analyze the Homeware Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Homeware Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Homeware Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Homeware Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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