The Home Furnishings Stores Global Market Report 2023, provides comprehensive information on the home furnishings stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global home furnishings stores market size is expected to grow from $191.74 billion in 2022 to $203.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 global home furnishings stores market size is expected to reach $249.81 billion in 2027 at a CAGR of 5.2%.
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Technological advancement is a key trend gaining popularity in the home furnishing stores market. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in June 2022, IKEA, a Sweden-based home furnishing company, launched IKEA Kreativ, an AI-powered experience empowering customers to create life-like room designs. IKEA Kreativ is a software with spatial computing, machine learning, and 3D mixed reality technology helping in room design.
The home furnishings stores market is segmented:
1) By Product Type: Home Furniture, Home Textile, Wall Décor
2) By Price Point: Mass, Premium
3) By Application: E-Commerce Sales, In-store Sales
North America was the largest region in the home furnishings stores market in 2022.
The table of contents in TBRC’s home furnishings stores market report includes:
1. Executive Summary
2. Home Furnishings Stores Market Characteristics
3. Home Furnishings Stores Market Trends And Strategies
4. Home Furnishings Stores Market – Macro Economic Scenario
5. Home Furnishings Stores Market Size And Growth
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26. Africa Home Furnishings Stores Market
27. Home Furnishings Stores Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Furnishings Stores Market
29. Home Furnishings Stores Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Ashley furniture industries Ltd
- Duresta Upholstery Ltd
- Kimball International
- Shaw Industries Group Inc
- Inter IKEA Group
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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