The global furniture and home furnishings stores market size is expected to grow from $397.36 billion in 2021 to $439.16 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global furniture and home furnishing stores market size is expected to grow to $626.20 billion in 2026 at a CAGR of 9.3%.
What is the Global Furniture And Home Furnishings Stores Market?
The furniture and home furnishings stores market consists of sales of furniture and home furnishings by entities (organizations, sole traders, and partnerships) that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products.
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What drives the Global Furniture And Home Furnishings Stores Market?
The furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty, data has become critical for most retail operations. For instance, the global retail analytics market raised to $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for furniture and home furnishings stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
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Global Furniture And Home Furnishings Stores Market Segments
The global furniture and home furnishings stores market is segmented:
By Type: Furniture Stores, Home Furnishings Stores
By Ownership: Retail Chains, Independent Retailers
By Type of Store: Exclusive Retailers/Showrooms, Inclusive Retailers/Dealer Stores
By Geography: The regions covered in the furniture and home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Furniture And Home Furnishings Stores Global Market Report 2022provides market size and growth forecasts for the global furniture and home furnishings stores market, global furniture and home furnishings stores market share, furniture and home furnishings stores market segments and geographies, furniture and home furnishings stores market competitive landscape including leading competitors’ revenues, profiles and market shares. The furniture and home furnishings stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Furniture And Home Furnishings Stores Industry Playersinclude Ikea Holding B.V., The home depot, Bed Bath & Beyond, Nitori Holdings Co. Ltd., Williams-Sonoma Inc., Steinhoff International Holdings N.V., Berkshire Hathaway Inc., Rooms To Go Incorporated, Office Depot, and RH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
