Home Furnishing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Home furnishing is the art of aesthetically designing of internal and external places along with making them functionally useful for residence. Furniture design can be modify through machine-based processes and handcrafting. The home furnishing products include various items such as tables, chairs, bed, stool, kitchen furniture, outdoor furniture and others.

MARKET DYNAMICS

The home furnishing market is expected to rise in the forecast period. The global home furnishing market has gaining attraction in emerging economies, owing to rise in the affluent population. Furthermore, rise in environment awareness among consumers has shifted their preference toward eco-friendly home décor products, which is a major growth factor of the global market. Increase in disposable income of consumers in developed and emerging countries fuels the market growth. However, availability of low-quality and simulated products and fluctuations in the prices of raw materials used to manufacture these products can restrain the market growth. On the other hand, surge in demand for trending & unique furniture is anticipated to provide significant growth opportunities for the home. The market players are competing based on price, design of the product, and quality.

MARKET SCOPE

The "Global Home Furnishing Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the home furnishing market with detailed market segmentation by product type and distribution channel. The global home furnishing market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading home furnishing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global home furnishing market is segmented on the basis of product type and distribution channel. Based on product type, the global home furnishing market is segmented in furniture, bathroom linen, bedding and linen, carpets and rugs, curtains and accessories. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, speciality stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global home furnishing market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The home furnishing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the home furnishing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home furnishing market in these regions.

MARKET PLAYERS

The report covers vital developments in the home furnishing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the home furnishing market are anticipated to lucrative growth opportunities in the future with the rising demand for home furnishing products in the global market. Below mentioned is the list of few companies engaged in the home furnishing market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home furnishing market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Ashley Furniture Industries Inc.
  
•   BERCO DESIGNS
  
•   Godrej and Boyce Manufacturing
  
•   Herman Miller
  
•   IKEA
  
•   Stanley Furniture
  
•   Heritage Home Group
  
•   Nitori Co. Ltd.
  
•   Williams-Sonoma
  
•   Kimball International
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Home Furnishing Report Scope