Homewares Market Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2022

Demand for homewares is on the rise owing to the growth of the housing and construction sector. There has been a considerable uptick in rural and urban housing in recent years. In addition, the emergence of the “generation rent” has also propelled the sales of various homeware products.  This report, compiled by Fact.MR, provides in-depth analysis of the global homewares market for the forecast period 2017-2022, and offers key insights about future market direction.

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Scope

The scope of Fact.MR’s report is to analyze the global homewares market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. homewares manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to homewares.

In order to offer readers with up-to-date information about the latest advancements in the global homewares market, the report provides updates about market opportunities, which can benefit leading manufacturers of homewares. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for homewares manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering the wide scope of the global homewares market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The homewares market has been categorized on the basis of product, distribution channel and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.

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Global Market for Homewares – Key Insights

1- On the basis of product type, the home decoration segment is will retain its top position during the forecast period. In terms of revenue, the segment currently represents for a significant share of the global market for homewares. Towards the end of 2022, the home decoration segment is estimated to surpass a valuation of US$ 35,200 Mn, reflecting a steady CAGR.

2- The furniture product type segment is expected to hold the second position during the forecast period. Currently, this segment commands for more than 19% revenue share of the market and is projected to reach a market valuation in excess of 34,700 Mn by 2022 riding at a sound CAGR of 5.4%.

3- Based on distribution channel, the departmental stores segment will remain dominant over the next few years. The segment is projected to account for over one-fourth revenue share of the market by 2017-end. During 2017 to 2022, the departmental stores segment is expected to exhibit a CAGR little under 6%. Franchised stores are anticipated to remain the second largest distribution channel segment over 2022 and surpass market valuation of US$ 42,300 Mn.

4- Based on region, Europe will continue to dominate the global market for homewares over the assessment period. The market in the region is anticipated to witness a considerable growth in the forthcoming years owing to increasing demand for home decoration in the many of the European countries. The North America homewares revenue is also anticipated to exhibit an impressive CAGR during 2017 to 2022. In addition, the region’s market is projected to garner revenues of over US$ 32,600 Mn toward the end of 2022. Meanwhile, robust growth of the housing and constructing sector in countries such as China and India is boosting the growth of the market the Asia-Pacific excluding Japan (APEJ) region.

Competition Tracking

Conair Corporation, ARC International SA, International Cookware SAS, Lock & Lock Co Ltd, SEB SA, Tupperware Brands Corporation, Avon Products, Inc., Libbey Inc., Pacific Market International, Zepter International SA, Inter Ikea Systems B.V., and The Oneida Group, Inc. are some of the leading players currently operating in the global market for homewares.

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This release was published on openPR.