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Global Homewares Market Share, Size and Industry Forecast during 2017- 2022

02-05-2018 09:17 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fact.MR

Fact.MR

The latest study conducted by Fact.MR’s reveals that the global homewares market is set to ride at a value CAGR of 5.5% between 2017 and 2022 to surpass a valuation of US$ 180,100 Mn. The growth of the market is attributed to factors such as emergence of “generation rent” and increasing demand for apartment accommodations by young couples, especially in urban areas. The youth or the working population gives more emphases to style and are attracted towards low-cost seasonal homewares, whereas elderly shoppers seek luxury class homeware products. The aforementioned factors have been instrumental in fueling the growth of the global market for homewares over the recent past and is expected to stay relevant in the foreseeable future as well. In addition, the manufacturers of homeawares are also introducing affordable decorative and textile rages to lure the large pool of price-conscious shoppers present in developing countries.

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The report offers an overview of the global homewares market. This comprises an introduction to the market, along with a standard definition of the product – homewares. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

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.

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.

Home Decoration to Remain a Highly Sough-After Homeware Product Segment
Based on product type, demand for home decoration will continue to be strong in 2017 and beyond. Over 2022, global sales of home decoration is projected account for more than 19% revenue share of the homewares market. In addition, nearly US$ 35,297 Mn worth home decoration is estimated to be sold across the globe.

Among regions, the homewares market in Europe is projected remain highly attractive throughout the forecast period. In terms of revenue, the region currently represents a significantly percentage in the global homewares market and trend is anticipated to continue over the next couple of years. Between 2017 and 2022, Europe’s homewares market is expected to expand at an impressive CAGR of 5.5%. The region’s market is expected to create absolute $ opportunity of US$ 15,154.4 Mn during the forecast period. The market in North America is also expected to surge at a healthy CAGR, owing to the increasing demand for low-cost seasonal home decoration in the region.

Browse Full Report with TOC @https://www.factmr.com/report/241/homewares-market

Competition Tracking
The report has also profiled key companies that are currently functioning in the global homewares market, which include ARC International SA, Avon Products, Inc., Conair Corporation, Inter Ikea Systems B.V., International Cookware SAS, Libbey Inc., Lock & Lock Co Ltd, Pacific Market International, SEB SA, The Oneida Group, Inc., Tupperware Brands Corporation, and Zepter International SA.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

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