Housewares Market Scope and Analysis Report by 2030
Housewares Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 321.4 Billion |
Market Size by 2030 | US$ 442.51 Billion |
Global CAGR (2022 - 2030) | 4.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COVID-19 Pandemic Impact:
The COVID-19 pandemic initially hindered the global housewares market due to the shutdown of manufacturing units, shortage of labor, disruption of supply chains, and financial instability. The disruption of operations in various industries due to the economic slowdown caused by the COVID-19 outbreak restrained the housewares supply. Moreover, various stores were closed, which limited the sales of housewares. Nevertheless, businesses started gaining ground as previously imposed limitations were revoked across various countries in 2021. Moreover, the implementation of COVID-19 vaccination drives by governments of different countries eased the situation, leading to a rise in business activities worldwide. Several markets, including the housewares market, reported growth after the ease of lockdowns and movement restrictions.
Competitive Landscape and Key Companies:
Bradshaw Home Inc, Denby Pottery, HF Coors Co Inc, Inter Ikea Holding Bv, Hutzler Manufacturing Co Inc, TTK Prestige Ltd, Newell Brands Inc, BSH Hausgerate GmbH, Kohler Co, and Haier US Appliance Solutions Inc are among the prominent players operating in the global housewares market.