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Rising Interest In Interior Design Drives Growth In Home Furnishings Stores Market: A Significant Driver Propelling The Home Furnishings Stores Market In 2025
Home Furnishings Stores Market Share
What Is the Expected Home Furnishings Stores Market Size During the Forecast Period?
There has been a substantial expansion in the market size of home furnishings stores in the past few years. The market is predicted to increase from $217.53 billion in 2024 to $231.36 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. The growth observed in the previous period can be credited to transformations in consumer lifestyles, demographic changes, consumer confidence levels, strategies employed by retailers, and the dynamics of the worldwide supply chain.
The market size of home furnishings stores is predicted to witness significant expansion in the upcoming years, escalating to $286.39 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%. The advancements anticipated in the forecast period are due to smart home integration, urbanization and space optimization, as well as a focus on health and wellness, customization, personalization, and retailer strategies. Key trends in the forecast period comprise home refurbishment and revamping trends, rental and subscription models, artisanal and handcrafted products, external living solutions, and the growth of resale and secondhand markets.
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What Are the Major Segments in the Home Furnishings Stores Market?
The home furnishings stores market covered in this report 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
Subsegments:
1) By Home Furniture: Living Room Furniture, Bedroom Furniture, Dining Room Furniture, Office Furniture, Storage Solutions
2) By Home Textile: Bed Linens, Curtains And Drapes, Rugs And Carpets, Towels And Bath Linens, Cushions And Throws
3) By Wall Decor: Paintings And Artwork, Wall Stickers And Decals, Mirrors, Wall Shelves, Clocks
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What Are The Driving Home Furnishings Stores Market Evolution?
The anticipated expansion of the home furnishings stores market is linked with rising interest in interior design. This field involves the comprehensive process of creating an interior space that caters to and safeguards human necessities. Increasing numbers of customers, inspired by home aesthetics and lifestyle influencers, are displaying a willingness to invest in an array of designer and luxury home furniture. Similarly, these customers have a high expenditure on home ornamentation and interior design styles. As a case in point, Made in CA, an online outlet based in Canada, forecasts that the global interior design market size will surpass $339 billion by 2027. Consequently, this enlargement in interior design interest is fueling the progression of the home furnishings stores market.
Which Firms Dominate The Home Furnishings Stores Market Segments?
Major companies operating in the home furnishings stores market include Ashley furniture industries Ltd., Duresta Upholestry Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group, Mohawk Industries Inc., Wayfair LLC, Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Hansemm Corporation, Walmart Inc., Macy's Inc., home24 SE, Home Depot Product Authority LLC, Williams-Sonoma Inc., Rooms To Go, Crate & Barrel, Ethan Allen, La-Z-Boy, Pottery Barn, RH, Havertys, Bassett Furniture, Raymour & Flanigan, American Furniture Warehouse, Nebraska Furniture Mart, Bob's Discount Furniture, Jordan's Furniture, Value City Furniture, Mathis Brothers Furniture, Living Spaces, Badcock Home Furniture & More, Leon's Furniture, Dufresne Furniture & Appliances, Bernie & Phyl's Furniture, Kane's Furniture, El Dorado Furniture, Arhaus, Ballard Designs
What Trends Are Expected to Dominate the Home Furnishings Stores Market in the Next 5 Years?
The emergence of innovative technology in the home furnishing market is a primary trend that is picking up steam. Key players within the market are focusing their efforts on devising unique technologies to bolster their prominence. For example, Swedish home furnishing corporation IKEA introduced IKEA Kreativ, an AI-driven platform, in June 2022. This tool enables customers to craft realistic room blueprints. IKEA Kreativ leverages spatial computing, machine learning, and 3D mixed reality technologies to aid in the design process.
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Which Is The Largest Region In The Home Furnishings Stores Market?
North America was the largest region in the home furnishings stores market in 2024. The regions covered in the home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Home Furnishings Stores Market?
2. What is the CAGR expected in the Home Furnishings Stores Market?
3. What Are the Key Innovations Transforming the Home Furnishings Stores Industry?
4. Which Region Is Leading the Home Furnishings Stores Market?
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