Home Furnishings Stores Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
15 Jun, 2023
The global home furnishings stores market size is expected to grow from $191.74 billion in 2022 to $203.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global home furnishings stores market size is expected to reach $249.81 billion in 2027 at a CAGR of 5.2%.
Global Home Furnishings Stores Market Key Driver
The increased interest in interior design is projected to drive the expansion of the home furnishings stores industry in the future. Interior design refers to the entire practice of creating an interior environment that protects and meets human requirements. Customers drawn to home style and lifestyle influencers are likely to spend more on various designer and luxury house furniture, as well as substantially on home decor and interior design patterns.
Get a sample of the global home furnishings stores market reportGlobal Home Furnishings Stores Market Segments
The global home furnishings stores market is segmented:
1) By Product Type: Home Furniture, Home Textile, Wall Décor
2) By Price Point: Mass, Premium
3) By Application: E-Commerce Sales, In-store Sales
4) By Geography: The regions covered in the home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global home furnishings stores market.
Major Home Furnishings Stores Industry Players
Ashley furniture industries Ltd., Duresta Upholestry Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group, Mohawk Industries Inc., Manning Mills Inc., Forbo Intenational SA, Bed Bath & Beyond Inc., Wayfair LLC, Herman Miller Inc., Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Hansemm Corporation, Armstrong World Industries Inc., Walmart Inc., Macy’s Inc., home 24, Conair Corporation, J.C. Penney, Home Depot Product Authority LLC
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Home Furnishings Stores Market Overview
Home furnishings stores refer to retail store that sells the household equipment, usually made of wood, metal, plastics, marble, glass, fabrics, or related materials of a room, home, or office. These businesses are typically run from showrooms, and many provide interior decoration services in addition to product sales.
Home Furnishings Stores Global Market Report 2023 provides data on the global home furnishings stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The home furnishings stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.