NEW YORK, Dec. 7, 2022 /PRNewswire/ --The homeware market size is expected to grow by USD 94.05 billion, progressing at a CAGR of 3.54% from 2022 to 2027. Based on region, the global homeware market is segmented into North America, South America, Europe, APAC, and MEA. APAC is estimated to contribute 38% to the growth of the global market over the forecast period. The rise in the availability of innovative hardware products such as household cleaning tools and supplies, cookware and bakeware, tableware, flatware, and kitchen weighing scales will facilitate the homeware market growth in APAC over the forecast period.
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Homeware market: Segmentation analysis
This market research report segments the homeware market by product (hardware, soft furnishing and textile, lighting, and window dressing), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report!
Homeware market: Growth of the global construction industry drives the homeware market growth
- One of the key factors driving the homeware market growth is the growth of the global construction industry. The increase in the construction of new housing units will drive the demand for homeware products such as soft furnishing and textile products, cleaning tools and supplies, glassware, flatware, and window dressing products during the forecast period. Moreover, residential construction activities are also growing year-over-year because of factors such as a rise in the number of dual household incomes and government initiatives to support the construction of residential facilities. Therefore, the rise in the demand for residential housing globally will fuel the demand for homeware during the forecast period.
Homeware market: High penetration of organized retailing in many developing countries is the key trend
- High penetration of organized retailing in many developing countries is one of the key homeware market trends that is expected to impact the industry positively in the forecast period. Vendors are adopting various strategies to expand their customer base and increase their revenue. The expansion of online and offline distribution channels is one such strategy. Many vendors are opening new stores as a part of the expansion strategy. As a result, the availability of different types of homeware is rising. In developing countries, the retail industry is witnessing the emergence of a large number of retail stores, such as hypermarkets, supermarkets, and specialty stores. Large organized retail stores provide various options to customers. The entry of global players further increases sales through organized retail. Therefore, growth in organized retailing will have a positive influence on the market during the forecast period.
Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Online home decor market by product and geography - Forecast and analysis 2022-2026: The online home decor market size is expected to increase by USD 58.99 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.92%. Furthermore, this report extensively covers online home decor market segmentation by product (online home furniture, online home furnishings, and other online home decorative products) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
Home furniture and bedding market in the US by distribution channel and product - Forecast and analysis - 2022-2026: The home furniture and bedding market size in the US is projected to grow by USD 10.86 billion with a CAGR of 2.96% during the forecast period 2021 to 2026. Furthermore, this report extensively covers segmentation by distribution channel (offline and online) and product (living room furniture, bedroom furniture, storage furniture, and others).
Homeware Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.54% |
Market growth 2023-2027 |
USD 94.05 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
2.58 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amazon.com Inc., Avenue Supermarts Ltd., Bed Bath and Beyond Inc., Carrefour, Hermann Otto GmbH, Lowes Companies Inc., Macys Inc., Penney OpCo LLC, Target Corp., Tesco Plc, The Home Depot Inc., Transform SR Brands LLC, Walmart Inc., Wayfair Inc., Williams Sonoma Inc., Zola Inc., and Alibaba Group Holding Ltd. |
Market dynamics |
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period dynamics; market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's Consumer Discretionary Market Reports
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global homeware market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global homeware market 2017 - 2021 ($ billion)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- 4.3 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Hardware - Market size and forecast 2022-2027
- Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
- 6.4 Soft furnishing and textile - Market size and forecast 2022-2027
- Exhibit 38: Chart on Soft furnishing and textile - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Soft furnishing and textile - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Soft furnishing and textile - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Soft furnishing and textile - Year-over-year growth 2022-2027 (%)
- 6.5 Lighting - Market size and forecast 2022-2027
- Exhibit 42: Chart on Lighting - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Lighting - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Lighting - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Lighting - Year-over-year growth 2022-2027 (%)
- 6.6 Window dressing - Market size and forecast 2022-2027
- Exhibit 46: Chart on Window dressing - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Data Table on Window dressing - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Chart on Window dressing - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Window dressing - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Product
- Exhibit 50: Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 51: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 53: Chart on Comparison by Distribution Channel
- Exhibit 54: Data Table on Comparison by Distribution Channel
- 7.3 Offline - Market size and forecast 2022-2027
- Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Distribution Channel
- Exhibit 63: Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 France - Market size and forecast 2022-2027
- Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 113: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 114: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification
- 12.3 Alibaba Group Holding Ltd.
- Exhibit 116: Alibaba Group Holding Ltd. - Overview
- Exhibit 117: Alibaba Group Holding Ltd. - Business segments
- Exhibit 118: Alibaba Group Holding Ltd. - Key offerings
- Exhibit 119: Alibaba Group Holding Ltd. - Segment focus
- 12.4 Amazon.com Inc.
- Exhibit 120: Amazon.com Inc. - Overview
- Exhibit 121: Amazon.com Inc. - Business segments
- Exhibit 122: Amazon.com Inc. - Key news
- Exhibit 123: Amazon.com Inc. - Key offerings
- Exhibit 124: Amazon.com Inc. - Segment focus
- 12.5 Avenue Supermarts Ltd.
- Exhibit 125: Avenue Supermarts Ltd. - Overview
- Exhibit 126: Avenue Supermarts Ltd. - Product / Service
- Exhibit 127: Avenue Supermarts Ltd. - Key offerings
- 12.6 Bed Bath and Beyond Inc.
- Exhibit 128: Bed Bath and Beyond Inc. - Overview
- Exhibit 129: Bed Bath and Beyond Inc. - Product / Service
- Exhibit 130: Bed Bath and Beyond Inc. - Key news
- Exhibit 131: Bed Bath and Beyond Inc. - Key offerings
- 12.7 Carrefour
- Exhibit 132: Carrefour - Overview
- Exhibit 133: Carrefour - Product / Service
- Exhibit 134: Carrefour - Key offerings
- 12.8 Hermann Otto GmbH
- Exhibit 135: Hermann Otto GmbH - Overview
- Exhibit 136: Hermann Otto GmbH - Product / Service
- Exhibit 137: Hermann Otto GmbH - Key offerings
- 12.9 Lowes Companies Inc.
- Exhibit 138: Lowes Companies Inc. - Overview
- Exhibit 139: Lowes Companies Inc. - Product / Service
- Exhibit 140: Lowes Companies Inc. - Key offerings
- 12.10 Macys Inc.
- Exhibit 141: Macys Inc. - Overview
- Exhibit 142: Macys Inc. - Product / Service
- Exhibit 143: Macys Inc. - Key offerings
- 12.11 Penney OpCo LLC
- Exhibit 144: Penney OpCo LLC - Overview
- Exhibit 145: Penney OpCo LLC - Product / Service
- Exhibit 146: Penney OpCo LLC - Key offerings
- 12.12 Target Corp.
- Exhibit 147: Target Corp. - Overview
- Exhibit 148: Target Corp. - Product / Service
- Exhibit 149: Target Corp. - Key offerings
- 12.13 Tesco Plc
- Exhibit 150: Tesco Plc - Overview
- Exhibit 151: Tesco Plc - Business segments
- Exhibit 152: Tesco Plc - Key offerings
- Exhibit 153: Tesco Plc - Segment focus
- 12.14 The Home Depot Inc.
- Exhibit 154: The Home Depot Inc. - Overview
- Exhibit 155: The Home Depot Inc. - Product / Service
- Exhibit 156: The Home Depot Inc. - Key offerings
- 12.15 Transform SR Brands LLC
- Exhibit 157: Transform SR Brands LLC - Overview
- Exhibit 158: Transform SR Brands LLC - Product / Service
- Exhibit 159: Transform SR Brands LLC - Key offerings
- 12.16 Walmart Inc.
- Exhibit 160: Walmart Inc. - Overview
- Exhibit 161: Walmart Inc. - Business segments
- Exhibit 162: Walmart Inc. - Key news
- Exhibit 163: Walmart Inc. - Key offerings
- Exhibit 164: Walmart Inc. - Segment focus
- 12.17 Wayfair Inc.
- Exhibit 165: Wayfair Inc. - Overview
- Exhibit 166: Wayfair Inc. - Business segments
- Exhibit 167: Wayfair Inc. - Key news
- Exhibit 168: Wayfair Inc. - Key offerings
- Exhibit 169: Wayfair Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 170: Inclusions checklist
- Exhibit 171: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 172: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 173: Research methodology
- Exhibit 174: Validation techniques employed for market sizing
- Exhibit 175: Information sources
- 13.5 List of abbreviations
- Exhibit 176: List of abbreviations
About Technavio
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