Home Furnishings And Floor Coverings Market on Track for Strong Growth, Estimated to Grow at 6.8% CAGR Through 2029

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What Is the Expected CAGR for the Home Furnishings And Floor Coverings Market Through 2025?
The home furnishings and floor coverings market has recorded strong growth in recent years. It is forecasted to increase from $124.63 billion in 2024 to $132.51 billion in 2025, at a CAGR of 6.3%. Growth in the historic period was influenced by housing market trends, lifestyle changes, economic conditions, and demographic factors.

What's the Projected Size of the Global Home Furnishings And Floor Coverings Market by 2029?
The market size for home furnishings and floor coverings anticipates robust expansion in the approaching years, projecting to elevate to $172.52 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. The predicted surge within this period can be credited to factors such as e-commerce and digitization, integration into smart homes, as well as a focus on health and wellness, and influences from the hospitality and commercial sector. Foreseen trends for this period encapsulate sustainability and an emphasis on eco-friendliness, versatile and space-efficient solutions, coupled with personalization, customization, and innovations in materials.

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Top Growth Drivers in the Home Furnishings And Floor Coverings Industry: What's Accelerating the Market?
The surge in online shopping is anticipated to fuel the growth of the home furnishing and floor coverings market. The expanded platform now available to manufacturers can enhance their customer reach geographically, propelling the development of the home furnishing and floor coverings manufacturing market. In countries like India, for example, online retail platforms have escalated home furnishing and floor coverings sales by providing wider visibility to producers who were previously limited to a specific location.

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What Trends Will Shape the Home Furnishings And Floor Coverings Market Through 2029 and Beyond?
Manufacturers in the home furnishings and floor coverings marketplace have started leveraging digital printing technology to minimize operational costs. This innovation significantly reduces the time taken in the sampling process and the amount of water used, thus making it a more environmentally-friendly option compared to traditional methods used in home furnishings and floor coverings manufacture. Companies such as Epson, Bordeaux Digital PrintInk, and Fratelli Robustelli S.r.l are amongst those providing these digital printing technologies. As per a Textile World magazine report, fabric equating to 870 million square meters worth $1.29 billion was printed via digital printing technologies, facilitating shorter lead times, home decor customization, enhanced design aesthetics and overall cost reduction.

What Are the Main Segments in the Home Furnishings And Floor Coverings Market?
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:
1) By Home Furnishings: Furniture (Sofas, Tables, Chairs), Bedding (Mattresses, Bed Linens), Curtains And Drapes, Decorative Accessories (Cushions, Throws, Rugs), Lighting (Lamps, Chandeliers)
2) By Floor Coverings: Carpets And Rugs, Vinyl Flooring, Ceramic Tiles, Wood Flooring, Laminate Flooring, Stone Flooring, Concrete Flooring

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Which Top Companies are Driving Growth in the Home Furnishings And Floor Coverings Market?
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.

Which Regions Will Dominate the Home Furnishings And Floor Coverings Market Through 2029?
Asia-Pacific was the largest region in the home furnishings and floor coverings market in 2024. 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.

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