Home Furnishings Market by Product and Geography - Forecast and Analysis 2021-2025

The home furnishings market has the potential to grow by USD 354.85 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.17%.

This home furnishings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (home furniture and home textiles) and geography (Europe, North America, APAC, MEA, and South America). The home furnishings market report also offers information on several market vendors, including Bed Bath and Beyond Inc., Godrej and Boyce Manufacturing Co. Ltd., Inter IKEA Holding BV, Kimball International Inc., Macy s Inc., Penney IP LLC, The Home Depot Inc., Walmart Inc., and Wayfair Inc. among others.

What will the Home Furnishings Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Home Furnishings Market

 Get Your FREE Sample Now!

Home Furnishings Market: Key Drivers and Trends

The increasing interest in interior design is notably driving the home furnishings market growth, although factors such as uncertainty in the prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the home furnishings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This home furnishings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Home Furnishings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Bed Bath and Beyond Inc.
• Godrej and Boyce Manufacturing Co. Ltd.
• Inter IKEA Holding BV
• Kimball International Inc.
• Macy s Inc.
• Penney IP LLC
• The Home Depot Inc.
• Walmart Inc.
• Wayfair Inc.

This statistical study of the home furnishings market encompasses successful business strategies deployed by the key vendors. The home furnishings market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. The global home furnishings market has multiple established players, which makes it fragmented. Market players drive to focus on the customization of furniture through consumer interactions, which is a fast-moving trend in the global home furnishings market at present.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The home furnishings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Home Furnishings Market?

For more insights on the market share of various regions Request for a FREE sample now!

42% of the market’s growth will originate from Europe during the forecast period. Germany and Italy are the key markets for the home furnishings market in Europe. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

Product innovation will facilitate the home furnishings market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Home Furnishings Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The home furnishings market share growth by the home furniture segment will be significant during the forecast period. The home furniture segment will witness growth as residential buildings and houses are a necessity in the current day and age. During the forecast period, the market is expected to receive some traction due to the demand for luxury furniture. APAC, especially countries such as China, India, and Japan, is the fastest-growing home furniture market owing to the rise in average dual-household income and an increase in population. Furthermore, trends such as the construction of prayer rooms, gymnasiums, children's rooms, and study rooms in modern houses are expected to boost the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the home furnishings market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Factors Covered in this Home Furnishings Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive home furnishings market growth during the next five years
• Precise estimation of the home furnishings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the home furnishings industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of home furnishings market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch