Homeware Market Size, Growth Analysis, Outlook Report 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Homeware Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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 growth in the historic period can be attributed to demographic changes, economic conditions, consumer preferences, market competition, environmental awareness, 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 growth in the forecast period can be attributed to smart home integration, sustainable practices, urbanization, global economic outlook, health and wellness focus. Major trends in the forecast period include personalization, global influences in design, virtual try-before-you-buy, digital marketing trends, minimalist design.

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Market Segmentation:
The homeware market covered in this report is segmented -

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

Major Driver - Rising Consumer Expenditure On Home Interior Designing Fuels Growth In The Homeware Market
Increasing customer spending on home interior designing and household furnishing is expected to drive the growth of the homeware market going forward. Customers desire customized homes with good interior and household furnishings, and the COVID pandemic has increased home renovation and decoration spending even more. As a result of the COVID-19 pandemic, millions of customers are buying new homes and improving their existing ones, and the retail home furnishings category has witnessed a significant boost in both site traffic and spending. For instance, in September 2023, according to Statistics Canada, a Canada-based national statistical agency, in 2021, the average expenditure per household on furnishings and equipment stood at $3570. Thus, the growing consumer spending in home interior and furnishing will further contribute to the growth of the homeware market.

Competitive Landscape:
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

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Top Trend - Innovative Collection Redefines Homeware With Cultural Handmade Ceramic Artistry

Major companies operating in the homeware market are focusing on innovative products such as cultural handmade ceramic homeware to meet the growing consumer preference for unique, artisanal, and eco-friendly homeware options in the market. Cultural handmade ceramic homeware refers to artisan-crafted household items made from clay and shaped by hand, often reflecting traditional craftsmanship and regional influences. For instance, in November 2022, JAYPORE, a India-based homeware company, launched Valleys of Sahyadri Homeware Collection draws inspiration from Maharashtra's Paithani design legacy, featuring exclusive homeware adorned with Paithani prints and asawalis reminiscent of the Peshwa era. Highlighting the opulent Charuta series with 24-carat gold accents, this collection epitomizes sophistication for homes, reflecting Maharashtra's cultural richness across its diverse product line that seamlessly blends traditional crafts such as Mashru, Himroo, and Baraque designs.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Homeware Market Characteristics
3. Homeware Market Trends And Strategies
4. Homeware Market - Macro Economic Scenario
5. Homeware Market Size And Growth
…..
27. Homeware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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