Homeware Global Market Report 2024

Description

Homeware refers to products aiding in home renovation, used for indoor furnishings and layouts, playing a crucial role in enhancing the home's look and feel.

The main types of products in homeware are home decoration, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools, and others. Soft furnishings are fabrics or textiles employed in the home. It includes linens, such as bath and dish towels, table linens, shower curtains, bathroom ensembles, sheets, pillowcases, mattresses, blankets, comforters, rugs and carpeting, draperies, curtains, and upholstery textiles. The products are distributed through homeware stores, franchised stores, departmental stores, online stores, specialty stores and are used for residential and commercial purposes.

The homeware market research report is one of a series of new reports from The Business Research Company that provides homeware statistics, including homeware industry global market size, regional shares, competitors with homeware market share, detailed homeware market segments, market trends and opportunities, and any further data you may need to thrive in the homeware industry. This homeware 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.

The homeware market size has grown steadily in recent years. It will grow from $133.97 billion in 2023 to $139.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The increase observed in the historical period can be ascribed to demographic changes, economic conditions, consumer preferences, market competition, environmental awareness, and the retail landscape.

The homeware market size is expected to see strong growth in the next few years. It will grow to $175.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The expansion anticipated in the forecast period can be linked to factors such as smart home integration, sustainable practices, urbanization, the global economic outlook, and a focus on health and wellness. Major trends projected for the forecast period encompass personalization, global influences in design, virtual try-before-you-buy, digital marketing trends, and minimalist design.

The increasing consumer spending on home interior designing and household furnishing is expected to fuel the growth of the homeware market. Consumers seek customized homes with appealing interiors and furnishings, and the COVID-19 pandemic has further intensified spending on home renovation and decoration. In September 2023, Statistics Canada reported an average expenditure of $3,570 per household on furnishings and equipment in 2021. The rising consumer spending in home interior and furnishing is a crucial factor contributing to the growth of the homeware market.

The growing urbanization is anticipated to drive the growth of the homeware market. With more than 4.3 billion people, or 55% of the world's population, living in urban settings, according to the World Economic Forum, there is an increased demand for functional, space-efficient, and aesthetically pleasing homeware products. The homeware market is responding to this demand for products that cater to urban living spaces. Thus, increasing urbanization is a driving force behind the growth of the homeware market.

The use of social media platforms by homeware product manufacturers is a key trend in the homeware market. Companies are leveraging social media marketing to build a strong network of brand enthusiasts, collaborating with a diverse spectrum of influencers. For example, in March 2023, White Domus, an India-based luxury home decor company, launched a collection of sculptural coffee tables, such as the Toledo Coffee Table, inspired by the rich heritage of Toledo, Spain, and promoted through social media platforms.

Major companies are focusing on innovative products such as cultural handmade ceramic homeware to meet consumer preferences for unique, artisanal, and eco-friendly options. Cultural handmade ceramic homeware reflects traditional craftsmanship and regional influences. For example, in November 2022, JAYPORE, an India-based homeware company, launched the Valleys of Sahyadri Homeware Collection inspired by Maharashtra's Paithani design legacy. The collection features exclusive homeware adorned with Paithani prints, asawalis, and traditional crafts such as Mashru, Himroo, and Baraque designs.

In June 2021, Ultimate Products, a UK-based consumer goods provider, acquired Salter for £34 million ($40.6 million), planning to expand Salter's international sales and diversify its brand portfolio. Salter, based in the UK, is a producer of high-quality homeware brands.

Major companies operating in the homeware market report are Walmart Inc., Carrefour SA, Whirlpool Corporation, Kohl's Corporation, Newell Brands Inc., Williams-Sonoma Inc., Kohler Co., The Avon Company, GE Appliances, Herman Miller Inc., HNI Corporation, Conair corporation, ARC International, Fiskars Group, Tupperware Brands Corporation, Villeroy & Boch, Libbey Inc., Lifetime Brands Inc., The Oneida Group, Messe Frankfurt Exhibition GmbH, LocknLock India, Corelle Brands LLC, Royal Doulton, Jarden Corporation, Lenox Corporation, Crown Brands LLC, Meyer Corporation, Zepter international, Inter IKEA Systems B.V., International Cookware SAS, Wedgwood, Sambonet Paderno Industrie S.p.A., Bormioli Luigi S.p.A., Groupe SEB

North America was the largest region in the homeware market in 2023. The regions covered in the homeware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the homeware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The homeware market consists of sales of curtains, bed covers¸ household equipment, cushions, tablecloths and decorative craft products. 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.

Homeware Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on homeware market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for homeware ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The homeware market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product Type: Home Decoration; Furniture; Soft Furnishings; Kitchenware; Home Appliances; Lighting; Storage And Flooring; Bathroom Accessories And Cleaning; Tableware And Hardware Tools; Other Products
2) By Application: Residential; Commercial
3) By Distributional Channel: Homeware Stores; Franchised Stores; Departmental Stores; Online Stores; Specialty Stores
Companies Mentioned: Walmart Inc.; Carrefour SA; Whirlpool Corporation; Kohl's Corporation; Newell Brands Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r15693

1. Executive Summary

2. Homeware Market Characteristics

3. Homeware Market Trends And Strategies

4. Homeware Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Homeware Market Size and Growth

5.1. Global Homeware Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Homeware Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Homeware Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Homeware Market Segmentation

6.1. Global Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Home Decoration
Furniture
Soft Furnishings
Kitchenware
Home Appliances
Lighting
Storage And Flooring
Bathroom Accessories And Cleaning
Other Products
6.2. Global Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
6.3. Global Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Homeware Stores
Franchised Stores
Departmental Stores
Online Stores
Specialty Stores

7. Homeware Market Regional And Country Analysis

7.1. Global Homeware Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Homeware Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Homeware Market

8.1. Asia-Pacific Homeware Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Homeware Market

9.1. China Homeware Market Overview
9.2. China Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Homeware Market

10.1. India Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Homeware Market

11.1. Japan Homeware Market Overview
11.2. Japan Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Homeware Market

12.1. Australia Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Homeware Market

13.1. Indonesia Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Homeware Market

14.1. South Korea Homeware Market Overview
14.2. South Korea Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Homeware Market

15.1. Western Europe Homeware Market Overview
15.2. Western Europe Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Homeware Market

16.1. UK Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Homeware Market

17.1. Germany Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Homeware Market

18.1. France Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Homeware Market

19.1. Italy Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Homeware Market

20.1. Spain Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Homeware Market

21.1. Eastern Europe Homeware Market Overview
21.2. Eastern Europe Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Homeware Market

22.1. Russia Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Homeware Market

23.1. North America Homeware Market Overview
23.2. North America Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Homeware Market

24.1. USA Homeware Market Overview
24.2. USA Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Homeware Market

25.1. Canada Homeware Market Overview
25.2. Canada Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Homeware Market

26.1. South America Homeware Market Overview
26.2. South America Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Homeware Market

27.1. Brazil Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Homeware Market

28.1. Middle East Homeware Market Overview
28.2. Middle East Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Homeware Market

29.1. Africa Homeware Market Overview
29.2. Africa Homeware Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Homeware Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Homeware Market, Segmentation By Distributional Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Homeware Market Competitive Landscape And Company Profiles

30.1. Homeware Market Competitive Landscape
30.2. Homeware Market Company Profiles
- 30.2.1. Walmart Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Carrefour SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Whirlpool Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Kohl's Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Newell Brands Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Homeware Market Other Major And Innovative Companies

31.1. Williams-Sonoma Inc.
31.2. Kohler Co.
31.3. The Avon Company
31.4. GE Appliances
31.5. Herman Miller Inc.
31.6. HNI Corporation
31.7. Conair corporation
31.8. ARC International
31.9. Fiskars Group
31.10. Tupperware Brands Corporation
31.11. Villeroy & Boch
31.12. Libbey Inc.
31.13. Lifetime Brands Inc.
31.14. The oneida group
31.15. Messe Frankfurt Exhibition GmbH

32. Global Homeware Market Competitive Benchmarking

33. Global Homeware Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Homeware Market

35. Homeware Market Future Outlook and Potential Analysis

35.1 Homeware Market In 2028 - Countries Offering Most New Opportunities
35.2 Homeware Market In 2028 - Segments Offering Most New Opportunities
35.3 Homeware Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer