Home Furnishings And Floor Coverings Global Market Report 2023 – By Type (Home Furnishings, Floor Coverings), By Price Point (Mass, Premium), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Other Distribution Channels), By Application (Household, Commercial) – Market Size, Trends, And Global Forecast 2023-2032

Furniture and home furnishings stores are stores 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. The main types of furniture and home furnishing stores are furniture stores and home furnishings stores. A furniture store specializes in the sale of furniture and, in certain cases, carpeting. The main types of stores are exclusive retailers/showrooms and inclusive retailers/dealer stores, which have ownership by retail chains and independent retailers. The global furniture and home furnishings stores market is segmented - 1) By Type: Furniture Stores, Home Furnishings Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global furniture and home furnishings stores market size will grow from $438.79 billion in 2022 to $471 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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 size of furniture and home furnishings stores market is expected to grow to $602.42 billion in 2027 at a CAGR of 6.3%. 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 will reach $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, which is expected to drive the market going forward. Major companies in the furniture and home furnishings market include Inter 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. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the furniture and home furnishings stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the furniture and home furnishings market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Augmented reality (AR) and virtual reality (VR) empower the customer experience by letting them connect to the product with interactive and personalized options. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. This allows the customers to understand the experience of owning a product. Furniture and home furnishings companies should consider using virtual reality technology to enhance the customer experience. IKEA, a Swedish multinational company, has launched an AR catalogue application that allows customers to see how certain items of furniture would look in their home. Consumers can virtually visualize how these pieces will look and fit in their homes according to the product’s dimensions. Indian players such as Pepper Fry have also started using AR technology to show users how certain products will look in their home through their mobile application. North America was the largest region in the furniture and home furnishings stores market in 2022. Asia-Pacific was the second largest region inf the furniture and home furnishings stores market. 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. The countries covered in the furniture and home furnishings market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The furniture and home furnishings stores market include revenues earned by entities by providing services through lifestyle stores, office supply stores, and furniture stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture and home furnishings stores market research report is one of a series of new reports from The Business Research Company that provides furniture and home furnishings stores market statistics, including furniture and home furnishings stores industry global market size, regional shares, competitors with a furniture and home furnishings stores market share, detailed furniture and home furnishings stores market segments, market trends and opportunities, and any further data you may need to thrive in the furniture and home furnishings stores industry. This furniture and home furnishings stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Flooring adhesive refers to a strong, long-lasting glue that is used to hold the flooring components to the subfloor or underlayment. The adhesive must hold the floor tiles in place and connect them to the underlying floor. It is a sticky substance used to secure the floor. The main types of flooring adhesives include urethane, epoxy, acrylic, vinyl, and others. Urethane adhesive is a thermoplastic polymer-based glue. It is formed by a chemical reaction between the polymers. Epoxies are created by polymerizing a mixture of two starting compounds, the resin and the hardener. An acrylic adhesive is a resin-based adhesive that is made up of acrylic or methylacrylic polymers. Vinyl adhesive is the perfect solution to rips and tears. It is commonly used as a floor tile adhesive. Flooring adhesives have applications in tile and stone, carpets, wood, laminates, and others. By technology, types of flooring adhesives include water-based adhesives, solvent-based adhesives, and hot-melt-based adhesives. Flooring adhesives are used in residential, commercial, and industrial areas. The global flooring adhesives market is segmented - 1) By Type: Urethane, Epoxy, Acrylic, Vinyl, Other Types 2) By Application: Tile & Stone, Carpet, Wood, Laminate, Other Applications 3) By Technology: Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Based Adhesive 4) By End User: Residential, Commercial, Industrial The global flooring adhesives market size grew from $7.32 billion in 2022 to $7.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. 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 market size of the flooring adhesives market is expected to grow to $10.41 billion in 2027 at a CAGR of 7.5%. The increase in infrastructural development in emerging countries has contributed significantly to the growth of the flooring adhesives market. With an increase in the global population, there has been an increased demand for housing, which in turn increased the demand for flooring adhesives for various applications such as floor fixing, roof fixing, and fixing panels. Flooring adhesive can also be mixed into the cement for better adhesion. The governments of emerging countries such as Brazil and India have been investing in residential construction in order to provide affordable housing for all. According to the World Bank, in South Asia, the urban population is expected to grow by 250 million by 2030. According to a report by PwC, around 60% of the world’s population is expected to live in cities by 2030. This rapid urbanization is expected to boost the demand for infrastructure and drive the flooring adhesives market. Major players in the flooring adhesives market are Mapei S.p.A., Sika AG, Henkel AG, The Dow Chemical Company, Wacker Chemie AG, Bostik SA, Forbo Holdings AG, Pidilite Industries Limited, H.B. Fuller, LATICRETE International Inc., Pidilite Industries, Dupont De Nemours Inc., Parker-Hannifin Corp, Arkema Group, tesa SE-A Beiersdorf Company, 3M, Illinois Tool Works Inc., Bostik India Pvt. Ltd., and Ardex, Franklin. Flooring adhesives companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment, focusing on reducing volatile organic compounds (VOC) emissions. Building materials, for example, emit highly volatile organic compounds (VOCs) when exposed to high temperatures or high moisture levels. Adhesive companies can now produce products using natural raw materials such as starch, resins, lignin, and proteins thanks to advancements in technology and chemical sciences. These materials ensure that the products have a lower carbon footprint. Biodegradable adhesives are prepared to be broken down by microorganisms and bacteria. The degrading process produces carbon dioxide, water and other natural gases defined by the environment. Companies are emphasizing green construction, which refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. For example, BASF, a German multinational chemical company, has developed new binders for flooring adhesives under their ACRONAL line that offer exceptional performance while minimizing environmental impact. Sika AG, a Swiss multinational specialty chemical company that serves the construction and automotive industries, paid an undisclosed sum in August 2021 to acquire Bexel Internacional S.A. de C.V., a leading manufacturer of tile adhesives in Mexico. This acquisition helps in extending Sika’s manufacturing footprint and also strengthens its position in Mexico’s mortar market. Asia-Pacific was the largest region in the flooring adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flooring adhesives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flooring adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The flooring adhesives market consists of sales of polymeric adhesives and dispersion adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flooring adhesives market research report is one of a series of new reports from The Business Research Company that provides flooring adhesives market statistics, including global market size, regional shares, competitors with a flooring adhesives market share, detailed flooring adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the flooring adhesives industry. This flooring adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include chemical plants, warehouses, and manufacturing floors. Floor coatings are also used to brighten or define areas of facilities. The main types of industrial floor coatings made of resin are epoxy, polyurethane, hybrids, and others. Due to the strong adhesive properties of epoxy, it is used in structural and engineering applications. Epoxy resin is commonly used in the construction of vehicles, aircraft, snowboards, and bicycles. By floor material, the market is segmented into concrete, mortar, terrazzo, and others. By technology, the market is segmented into water-borne and solvent-borne. By component, the market segments are one-component, two-component, three-component, and four-component. Major end-use sectors of industrial floor coating include manufacturing, aviation and transport, food processing, science and technology, and others. The global industrial floor coating market is segmented - 1) By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types 2) By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material 3) By Technology: Water-Borne, Solvent-Borne 4) By Component: One-Component, Two-Component, Three-Component, Four-Component 5) By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector The global industrial floor coating market size grew from $5.19 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. 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 market size of the global industrial floor coating is expected to grow to $6.84 billion in 2027 at a CAGR of 5.6%. The industrialization of floor coatings globally is significantly contributing to the growth of the industrial floor coating market. Industrial floor coatings are designed to meet the highest industry standards in chemical and corrosion resistance. These coatings are used in chemical plants, warehouses, and manufacturing floors. For instance, Asian countries are expected to invest $9 trillion in infrastructure development for industrialization and urbanization. So, growing industrialization will drive the industrial floor coating market. Major players in the industrial floor coating market report are PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, The Dow Chemical Company, Asian Paints PPG Pvt Ltd., Nora system Inc., RPM International, The Daw Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd., Apurva India Private Limited, Armorpoxy, Axalta Coating Systems Ltd., Conren Ltd., Florock Polymer Flooring, Grand Polycoats, Michelman Inc., and Rpm International Inc. New product launches are a key trend in the industrial floor coating market. Companies are launching innovative and improved coating products to increase their customer base and revenues. For example, in 2021, Sika Group, a Swiss specialty chemical company, launched a new technology for ESD coatings. Sikafloor®-2350 ESD is a protective dissipative self-leveling system for concrete or cement screeds that is especially suitable for areas with low electrostatic charge requirements. In 2021, Unilin Technologies launched the Unicoat waterproof coating for flooring. In January 2022, Milburn Flooring, a US-based provider of commercial flooring acquired Blendex Industrial Corporation for an undisclosed amount. With the acquisition, Milburn Flooring is anticipated to provide value for both new and existing customers while also broadening its service offerings and installation capabilities. Blendex Industrial Corporation is a US-based provider of flooring solutions for industrial and commercial applications. Asia-Pacific was the largest region in the industrial floor coating market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial floor coating market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial floor coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The industrial floor coating market consists of sales of industrial floor coating products such as acrylic resin and polymer coating. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial floor coating market research report is one of a series of new reports from The Business Research Company that provides industrial floor coating market statistics, including industrial floor coating industry global market size, regional shares, competitors with industrial floor coating market shares, detailed industrial floor coating market segments, market trends and opportunities, and any further data you may need to thrive in the industrial floor coating industry. This industrial floor coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Building finishing is specialized construction work related to the plastering, pointing, painting, varnishing, white and colour washing, or distempering in a building. The main types of building finishing contractors are drywall and insulation contractors; painting and wall-covering contractors; flooring contractors; tile and terrazzo contractors; finish carpentry contractors; and other building finishing contractors. Drywall and insulation contractors specialise in drywall, plaster, and building insulation. The building finishing services are provided by large chain companies and independent contractors and are available in various modes, such as online and offline. The building finishing contractors are involved in various applications, such as residential construction, non-residential building construction, utility system construction, and others. The global building finishing contractors market is segmented - 1) By Type: Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors 2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications 3) By Service Provider: Large Chain Companies, Independent Contractors 4) By Mode: Online, Offline The global building finishing contractors market grew from $1,297.59 billion in 2022 to $1,380.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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 building finishing contractors market is expected to grow to $1730.32 billion in 2027 at a CAGR of 5.8%. The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Local shops and town centres had to be made more accessible and had to be made accessible to the elderly. Public transport facilities also had to be revised based on the increased demand from the elderly. This will result in increased demand for building finishing contractors activity during the forecast period. Major companies in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc., Interserve Plc. Health and safety issues have always been a major concern in the building finishing contractors industry. Construction activities always face worker safety issues with them working at height, working in confined spaces, working underground and close proximity to falling materials; handling loads manually; handling hazardous substances; using plant and equipment; fire and exposure to live cables. For instance, according to 25 Construction Safety Statistics for 2021, the American construction industry comprises 6% of the US workers but witnesses around 20% of the fatalities, the highest number of fatalities compared to any other industry. Inadequate safety and health measures have a negative impact on both the construction and built environments, resulting in fatalities, injuries, and diseases. Predictive analytics is playing a prominent role in the building finishing contractors market to simplify risk management, manage financials and resources, and allocate budgets. Predictive analytics refers to a technique used to process large data sets and infer actionable information and behavioural patterns. The software analyses data collected from subcontractors, materials suppliers, and design plans to examine and control risk factors. Predictive analytics helps the project manager to predict and avoid delays in manpower availability and equipment shortages; collects weather data; and predicts the conditions for the company to take preventive actions against weather changes to avoid loss of material and labour costs. Some of the software tools used by building finishing contractors include GanttPRO, Acculynx, Jonas Premier, CoConstruct, Buildertrend, Knowify, Procore, PlanGrid, ProCOntractor, and BIM 360. Asia-Pacific was the largest region in the building finishing contractors market in 2022. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building finishing contractors market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building finishing contractors market includes revenues earned by entities by drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors, and other building finishing contractors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building finishing contractors market research report is one of a series of new reports from The Business Research Company that provides building finishing contractors market statistics, including building finishing contractors industry global market size, regional shares, competitors with a building finishing contractors market share, detailed building finishing contractors market segments, market trends and opportunities, and any further data you may need to thrive in the building finishing contractors industry. This building finishing contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Home decor is the placement of physical items such as furniture accessories, room colors, walls, and ceilings in a decorative manner. It can be summarized as carefully placing decor pieces in a well-organized manner to create a pleasant, user-friendly environment. The home decor is used to make a home more attractive and visually appealing. The main types of home decor are furniture, textiles, flooring, and other products. Furniture is used to describe moveable objects that are used to make human life simpler and give comfort to rest and relax. The different price ranges include premium, mass. These are distributed through supermarkets and hypermarkets, specialty stores, e-commerce, and others, and are used in various application areas that include indoor and outdoor. The global home decor market is segmented – 1) By Product Type: Furniture, Textile, Flooring, Other Products 2) By Price: Premium, Mass 3) By Application: Indoor, Outdoor 4) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels The global home decor market size will grow from $651.85 billion in 2022 to $683.52 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. 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 home decor market size is expected to grow to $788.47 billion in 2027 at a CAGR of 3.6%. The increasing penetration of smartphones and e-commerce is expected to propel the growth of the home decor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones are helpful for buying home decor products such as wall decor, cushions, curtains, and figurines from various online e-commerce websites. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, India had the highest mobile data consumption rate in the world at 12 gigabytes per user a month, and the country is adding 25 million new smartphone users every quarter. Also, according to Bankmycell, a US-based price comparison site for mobile phones, in 2021, there are 6.37 billion (80.76% of the world population) smartphone users. Therefore, the increasing penetration of smart devices contributes to the growth of the home decor market. Major players in the home decor market are Inter IKEA Systems BV, Forbo Group, Armstrong World Industries Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Group Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball International Inc., Duresta Upholstery Ltd., home24, Hanssem Corporation, Koninklijke Philips N.V., Conair Corporation, Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Siemens AG., Zepter International Inc., and Samson Holding Ltd. Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the home decor market. Major companies operating in the home decor market are focused on strategic partnerships and collaborations to sustain their position in the market. For instance, in April 2022, Mitzi, a US-based home decor company, collaborated with Dabito, a designer, photographer, artist, and founder of Old Brand New. Through this collaboration, 12 new Mitzi pieces were created, from chandeliers to wall sconces, all equal parts cool, contemporary, and covetable. Also, in April 2022, Ruggable, a US-based innovative washable rug company, teamed up with Keith Haring Studio to create a collection of 15 chenille rugs and 9 doormats decorated with the late American artist's iconic line drawings. As with all Ruggable's products, each rug consists of a padded base and an easily removable (and machine washable) top layer. In December 2021, Mensa Brands, an Indian-based digital brand investment firm that partners with entrepreneurs to build and scale digital brands acquired Folkulture for an undisclosed amount. Through this acquisition, Mensa Brands would increase its channels and strengthen its presence in key global markets. Folkulture is an Indian-based home decor label company providing modern-chic, sophisticated, and affordable styles for home decor and kitchenware. North America was the largest region in the home decor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home decor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the home decor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The home decor market consists of sales of home decor product including wall decor, and lighting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The home decor market research report is one of a series of new reports from The Business Research Company that provides home decor market statistics, including home decor industry global market size, regional shares, competitors with a home decor market share, detailed home decor market segments, market trends and opportunities, and any further data you may need to thrive in the home decor industry. This home decor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A floor polishing machine refers to an electric appliance that is used to produce a gleaming effect on a certain type of floor. Floor polishing machines are versatile floor cleaning machines that operate by using rotating brushes or pads to scrub, polish, or buff a floor to maintain its appearance. It is used to remove wax from the floors of facilities. The main types of floor polishing machines are carpet, concrete, stone, wood, tile, grout, and other floor types. The carpet type of floor polishing machine refers to floor polishing machines that are used for polishing or cleaning carpets. The different types of operations include manual, semi-automatic, and automatic, which are used in various applications such as the residential and commercial sectors. These are available on various sales channels, which include online and offline. The global floor polishing machine market is segmented - 1) By Floor Type: Carpet, Concrete, Stone, Wood, Tile and Grout, Other Floor Types 2) By Operation Type: Manual, Automatic, Semi Automatic 3) By Sales Channel: Online, Offline 4) By Application: Residential, Commercial, Other Applications The global floor polishing machine market size grew from $14.29 billion in 2022 to $15.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. 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 market size of the floor polishing machine market is expected to grow to $18.91 billion in 2027 at a CAGR of 5.5%. The growing construction industry is expected to propel the growth of the floor polishing machine market going forward. The construction industry is a branch of manufacturing and trade based on building, maintaining, and repairing structures. This includes drilling, solid mineral exploration, and floor polishing, among others. In construction and building facilities, floor polishing machines are used for infrastructure repairs and restoration. For instance, according to ICE (Institution of Civil Engineers), a UK-based company that promotes civil engineering projects, the global construction market size is expected to grow to $8 trillion by 2030. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the floor polishing machine market. Major players in the floor polishing machine market are Alfred Karcher GmbH & Co. KG, Tennant Company, Hako Group, Nilfisk Group, Clemas & Co., Tornado Industries, Denis Rawlins, Eureka S.p.A. Unipersonale, Minuteman International Inc., Fimap S.p.A., Klindex, Bortex Industries, Garg Machines, Wiese, New Age Cleaning Solutions. Technological advancements have emerged as a key trend gaining popularity in the floor polishing machine market. Major companies operating in the floor polishing machine market are focused on new technological advancements to meet consumer demand and strengthen their position. For instance, in April 2022, Tennant Company, a US-based manufacturer of floor cleaning machines and equipment, announced the introduction of lithium-ion technology to their portfolio of autonomous mobile robot (AMR) machines. This new advanced battery technology provides maximized productivity while reducing costs for customers across the world in the floor polishing machine industry. In March 2022, Goodway Technologies, a US-based supplier of heavy-duty industrial maintenance tool acquired Doman, SRL for an undisclosed amount. This acquisition adds world-class dry steam technology to the company's global capabilities. Doman, SRL is an Italy-based manufacturer of dry industrial steam cleaning systems for commercial and industrial applications. Asia-Pacific was the largest region in the floor polishing machine market in 2022. The regions covered in the floor polishing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the floor polishing machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The floor polishing machine market consists of sales of floor scrubbers, scrubber driers, single disc machines, scrubbing machines, mini scrubbers, polishing machines, line polishing machines, and die polishing machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The floor polishing machine market research report is one of a series of new reports from The Business Research Company that provides floor polishing machine market statistics, including floor polishing machine industry global market size, regional shares, competitors with a floor polishing machine market share, detailed floor polishing machine market segments, market trends and opportunities, and any further data you may need to thrive in the floor polishing machine industry. This floor polishing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A home theater system is defined as an audio-video system for a home that consists of a large television with video components and a digital surround-sound audio system. It simulates watching a movie on small multiplex cinema screens. The main products of the home theatre systems market are home theatre in a box system, soundbar, and component systems. A home theater in a box (HTIB) includes the A/V receiver and at least five speakers and a subwoofer. The distribution channels are online and offline. The various applications are household use and commercial use. The global home theatre systems market is segmented - 1) By Product: Home Theatre In A Box System (HTIB), Sound Bar, Component System 2) By Distribution Channel: Online, Offline 3) By Application: Household Use, Commercial Use The global home theatre systems market size grew from $27.24 billion in 2022 to $32.48 billion in 2023 at a compound annual growth rate (CAGR) of 19.2%. 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 market size of the global home theatre systems market is expected to grow from $66.16 billion in 2027 at a CAGR of 19.5%. The rise in disposable incomes was a major driver of the home theatre systems market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the world’s middle-class population – defined as that earning between $10 and $100 per day – The world’s Middle-Income Countries (MICs) are a diverse group by size, population, and income level with a GNI per capita between $1,036 and $4,045, and upper-middle-income economies with a GNI per capita between $4,046 and $12,535 (2021). Middle-income countries are home to 75% of the world’s population and 62% of the world’s poor. At. In 2021, India's economy has grown by 7.2 percent 2021. The growth rate in Per Capita Income in India is estimated at 4.3 percent during 2019-20, as against 5.6 percent in the previous year. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for the home theatre systems market. Major players in the home theatre systems market are Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Group, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, and Yamaha Corporation. The changes in consumer lifestyles and preferences had a significant impact on the home theatre systems market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online audio and video streaming services on mobile phones. Television viewership continued to decline, especially among the millennials. For example, as of 2020, Young people are watching Netflix and YouTube. In 2021, YouTube brought in revenue of $6.01 billion in advertising revenue during the quarter up from $4 billion from the previous year, for a growth rate of 49%. That’s an acceleration over its 46% growth in Q4. It’s also nearly twice the growth rate of Netflix, which reported 24% revenue growth in Q1. Changes in consumer preferences restricted the demand for home theatre systems. Increasing adaption of cloud services is becoming popular in the home theater systems market. Cloud technology legally allows customers to watch videos and music online. Video streaming platforms are adapting cloud technologies for providing a better viewing experience. For example, earlier consumers used television for watching videos, and now the customers are preferring an access-based approach that allows them to subscribe to video libraries in the cloud. Therefore, companies in the home theatre systems market are manufacturing advanced systems that can be connected to the internet to access the videos online. In October 2020, Sound United, a New Jersey-based consumer electronics company acquired Bowers & Wilkins for an undisclosed amount. This acquisition is for combining organizations and becoming a part of the industry’s strongest portfolio of premium audio brands. Bowers & Wilkins British company that is producing consumer and professional loudspeakers and headphones. Asia-Pacific was the largest region in the home theatre systems market share in 2022. The regions covered in the global home theatre systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the home theatre systems market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The home theatre systems market consists of sales of sound bars, home theatre in a box system (HTIB), and other home theater systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The home theatre systems market research report is one of a series of new reports from The Business Research Company that provides home theatre systems market statistics, including home theatre systems industry global market size, regional shares, competitors with a home theatre systems market share, detailed home theatre systems market segments, market trends and opportunities, and any further data you may need to thrive in the home theatre systems industry. This home theatre systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Home and office furniture refers to any piece of furniture that can stand alone and doesn't need to be assembled from parts that are utilized for various purposes, such as for people working from home on office days, families working on house budgets, and kids doing school projects, and mainly involves products, such as couches, sofas, non-decorated kitchenware, tables, chairs, and drawers. The main types of products for the home office furniture market are seating, storage units, desks and tables, and others. The storage unit includes shelves and cabinets and fits perfectly in the home office to store office files. The material used in home office furniture is wood, metal, plastic, and others. The prices for home office furniture include premium, mid-range, and economic, which are distributed by flagship stores, specialty stores, online, and others. The global home office furniture market is segmented - 1) By Product: Seating, Storage Units, Desks and Tables, Other Products 2) By Material: Wood, Metal, Plastic, Other Materials 3) By Price: Premium, Mid-range, Economic 4) By Distribution Channel: Flagship Stores, Specialty Stores, Online, Other Distribution Channels The global home office furniture market size grew from $28.68 billion in 2022 to $31.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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 home office furniture market size is expected to grow to $42.05 billion in 2027 at a CAGR of 7.9%. The recent outbreak of the COVID-19 pandemic has led to a surge in demand for home office furniture, with an increase in employees working from home. For example, in July 2020, thousands of Canadian federal government employees have been offered an amount of $500 each to buy home office furniture as they will work from home until the pandemic ends. Thus, the rise in the usage of home furniture during the pandemic propelled the demand for the home office furniture market. In 2020, since the beginning of lockdown Pepperfry, which is engaged in manufacturing home furniture has seen a rise in demand for tables and chairs in India that has raised to 175% and 135% respectively, as most of the people are working from home and setting a proper work station at home has become a necessity for everyone. Thus, an increase in the purchase of home furniture to facilitate employees working from home during the pandemic contributed to the growth of the market. Major players in the home office furniture market are Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture, and Kimball International. The launch of 3D modelling and other technological innovations in the furniture world is a key trend in the home office furniture market. According to Xarpie Labs, a variety of technologies such as 3D modeling, virtual reality, and augmented reality are being used in most of its processes, beginning with planning and developing prototypes or products, right through marketing, and to the end of the value chain, which is sales. Integrating these technologies assures the special effect on how the furniture looks and also helps develop digital inventories to understand customer requirements. For instance, in July 2022, Studio Oberhauser, an Italy-based interior design company, launched Chair No. Chair No. 1 is a 3D-printed chair that is both innovative and lightweight. It is both strong and long-lasting, printed using the most advanced concrete powder bed printing technology, and printed in one piece. The chairs have a continuous, smooth surface and are structurally stable. In April 2021, Herman Miller, Inc., a US based furniture company offering office and home furniture products, announced the acquisition of Knoll Inc. for $1.8 billion. Under this deal, Herman Miller shareholders will own approximately 78% of the combined company, while Knoll shareholders will own approximately 22%. Knoll is a U.S.-based manufacturer of chairs, tables and desks, and accessories for the office, home, and higher education settings. North America was the largest region in the home office furniture market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the home Office Furniture analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the home office furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The home office furniture market consists of sales of linear and corner workstations, reception desks, chairs, polyvinyl chloride, glass, and elastic polymers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The home office furniture market research report is one of a series of new reports from The Business Research Company that provides home office furniture market statistics, including home office furniture industry global market size, regional shares, competitors with a home office furniture market share, detailed home office furniture market segments, market trends and opportunities, and any further data you may need to thrive in the home office furniture industry. This home office furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.