Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Homewares Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2021-2031. The insights and analytics on the Homewares Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Homewares Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Homewares Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.
The research report published by Fact.MR on the Homewares Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period 2021-2031. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Homewares Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
Which Region Offers the Largest Opportunity for Sales of Homewares?
Europe, being the market leader, is expected to hold over 45% share of the market in 2021. The reason behind Europe being the market leader is the strong presence of furniture manufacturers in the region. Furthermore, the influence of western society is a significant factor in the increased usage of modular kitchens and wardrobes.
The U.K and Austria are among the prominent countries leading the European market, and are likely to observe double-digit growth during 2021-2031.
The rising usage of eco-friendly items in many parts of the room, such as the bedroom, bathroom, outdoor, and indoor, is a consequence of shifting trends toward the adoption of eco-friendly items. Metal, plastic, glass, and leather, among other raw materials used in furniture manufacturing, have gained foothold in the market, as has pinewood as an alternative.
It is assumed that by the end of 2031 the textile industry is expected to grow at a CAGR of 7.2%,resulting in a positive indirect impact on the demand for homewares.
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Key Market Segments Covered
- Home Decoration
- Soft Furnishings
- Home Appliances
- Storage and Flooring
- Bathroom Accessories and Cleaning
- Distribution Channel
- Homeware Stores
- Franchised Stores
- Specialty Stores
- Departmental Stores
- North America
- Latin America
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Key Questions Answered in Report
How will the global homewares market expand until 2031?
Fact.MR projects the market to register a CAGR of more than 5% by value across 2021-2031 assessment period. As projected by Fact.MR, market value is expected to reach US$ 175 Bn by 2021 and over US$ 200 Bn by 2031-end. Higher spending on sophisticated house spacing with the utilization of stylish home interiors will bolster demand over the upcoming years.
Which region is the most prominent growth contributor for homewares?
As per Fact.MR’s projections, Europe is expected to hold a key role in driving demand for homewares. The region is expected to hold over 45% share of the global market, and generate revenue of around US$ 90 Bn by the end of 2031. Rise in rent generation from urban spaces has boosted buyers’ investments in housewares products in the region.
Which homeware product is expected to generate most revenue?
Home décor is expected to generate the most revenue and reach a market value of nearly US$ 26 Bn by the end of 2021.
Benefits of Fact.MR Study
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