Homewares market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Homewares items are used by people in their daily household usage. There are various categories of homewares items such as home decoration, furniture, kitchenware, home appliances, soft furnishings, lighting, bathroom accessories, and others. People prefer to purchase a good quality product that is durable and economical. Companies are focusing on expanding their business in the homewares line by introducing new and innovative products. For instance, in February 2022, Marks & Spencer launched its bestselling homewares collection in India starting 4th March 2022. With contemporary, stylish, and high-quality pieces at a great value. The collection offers beddings, bathrooms, wellness, dining, and more. However, the high cost of technologically advanced home devices impacts negatively on the growth of the global homewares market. People with lower income groups cannot afford the technology-focused devices for their homes which restrains the market growth.
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The global homewares market is segmented based on product type and distribution channel. Based on the product type, the market is sub-segmented into home decoration, furniture, kitchenware, home appliances, soft furnishings, lighting, bathroom accessories, and others. Based on the distribution channel, the market is sub-segmented into online and offline. Among the product type, bathroom accessories are expected to hold a prominent share in the growth of the global homewares market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Homewares Market by Product Type
- Home Decoration
- Furniture
- Kitchenware
- Home Appliances
- Soft Furnishings
- Lighting
- Bathroom Accessories
- Others
Global Homewares Market by Distribution Channel
- Online
- Offline
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Arc Management & Services SAS
- Bed Bath & Beyond Inc.
- Conair Corp.
- Haworth Inc.
- HNI Corp.
- Le Creuset
- LocknLock Co.
- MillerKnoll, Inc.
- Lenox Corp. (ONEIDA)
- Pacific Market International, LLC
- SEB SA company
- Steelcase Inc.
- Tupperware India Pvt. Ltd.
- The Home Depot
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global homewares market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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