USD 82.9 billion Growth in Homeware Market Size with 38% Contribution from APAC - 17,000+ Technavio Reports

NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The "Homeware Market Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the homeware market between 2020 and 2025 is USD 82.9 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 3.3%. The analysts at Technavio have categorized the global homeware market as a part of the global household durables market, within the global household durables industry. Our report provides extensive information on the value chain analysis for the homeware market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The innovation and portfolio extension leading to premiumization is one of the key factors driving the growth of the global homeware market. In addition, the increase in the availability of private-label brands will fuel the global homeware market growth. However, the volatility of raw material prices is a major challenge for the global homeware market growth.

For more insights on the scope, key market dynamics, and value chain analysis, Read FREE Sample Report

Key Market Segmentation Highlights:

The homeware market report is segmented 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 MEA). 

• Regional Opportunities: 38% of the market's growth will originate from APAC during the forecast period. China is the key market for homeware markets in APAC. Market growth in this region will be faster than the growth of the market in regions. The innovation and portfolio extension leading to premiumization will facilitate the homeware market growth in APAC over the forecast period.
• Revenue-generating Segment Highlights: The homeware market share growth in the hardware segment will be significant during the forecast period. Hardware products include cookware and bakeware, kitchen tools and accessories, dinnerware, glassware, and flatware; home cleaning tools and supplies; and kitchen weighing scales. The introduction of homeware products by vendors with new designs and bright colors is driving the global homeware market.

View our sample report for segment-wise insights and regional opportunities

Vendor Landscape

The homeware market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. This statistical study of the homeware market encompasses successful business strategies deployed by the key vendors. The homeware market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Some Companies Mentioned     

• Alibaba Group Holding Ltd.: The company provides a wide range of homeware products under the categories, home decor, kitchen and tabletop, bathroom products, home textile, and furniture.
• Amazon.com Inc.: The company provides a wide range of homeware products under the product category, home decor, kitchen and dining, furniture, bedding, and others.
• Bed Bath and Beyond Inc.: The company offers homeware products, which include household cleaning tools and supplies, glassware, flatware, soft furnishing, and textile products, lighting products, and window dressing products.
• Carrefour SA: The company under its home and garden product category offers a range of kitchen and dining products such as cookware, bakeware, and utensils.
• Lowes Companies Inc.:  The company provides a wide range of homeware products under the product category, home decor, kitchen and dining, furniture, bedding, and others. Some of the products offered by the company include Formica Brand Laminate and Cuisinart Stainless Steel Countertop Can Opener.
• Penney IP LLC
• Target Corp.
• The Home Depot Inc.
• Walmart Inc.
• Williams-Sonoma Inc.
• Access vendor profiles with their key offerings as you Download your PDF Sample Copy

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Product
• Market Segmentation by Distribution Channel
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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