Housewares Market is expected to reach US$ 442.51 billion by 2030

Increasing Purchase of Housewares with Rising Number of Households Bolsters Market Growth

According to our new research study on "Housewares Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Product Type and Distribution Channel," the housewares market size was valued at US$ 321.40 billion in 2022 and is expected to reach US$ 442.51 billion by 2030; it is estimated to register a CAGR of 4.1% from 2022 to 2030. The report highlights key factors driving the housewares market growth and prominent players along with their developments in the market.

Housewares are products and items used within a household for various purposes, such as cooking, baking, and home organization. The housewares market has been growing steadily due to factors such as changing lifestyles and more time spent at home, which bolstered the demand for functional and aesthetically pleasing housewares. Additionally, the rise of e-commerce and online shopping platforms has made it easier for consumers to access a wide range of houseware products. During the COVID-19 pandemic, people spent more time at home and invested in improving their living spaces. In addition to the increased demand, the availability of innovative designs and sustainable options favors the housewares market growth.

Global Housewares Market Breakdown – by Region

Bradshaw Home Inc, The Denby Pottery Co Ltd, HF Coors Co Inc, Inter Ikea Holding Bv, Hutzler Manufacturing Co Inc, TTK Prestige Ltd, Newell Brands Inc, BSH Hausgerate GmbH, Kohler Co, and Haier US Appliance Solutions Inc are among the key players operating in the global housewares market. Market players focus on providing high-quality products to fulfill customer demand. They also prefer implementing strategies such as R&D investments, new product launches, and production capacity expansions. Key players in the housewares market are using e-commerce platforms to address the growing demand for housewares.

Impact of COVID-19 Pandemic on Housewares Market

Before the onset of the COVID-19 outbreak, the housewares market was mainly driven by the increasing purchase of housewares with the rising number of households. However, due to the emergence of the outbreak in 2020, many industries redirected their focus to addressing unprecedented challenges. During the initial phase of the COVID-19 pandemic, the consumer goods industry reported a decline in profits due to the shutdown of manufacturing units and disruption in supply chains. The COVID-19 pandemic disturbed the manufacturing processes of various liquors, including housewares, owing to restrictions imposed by government authorities in various countries. Moreover, the shutdown of specialty stores due to lockdowns and travel restrictions during the initial months of the COVID-19 outbreak hampered the sales of housewares. Furthermore, as the supermarket chains remained closed during the first quarter of 2020, the retail sales of housewares reduced, which hindered the housewares market growth.

The report includes the segmentation of the global housewares market as follows:

The global housewares market is segmented on the basis of product type, distribution channel, and geography. Based on product type, the market is categorized into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. By distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the global housewares market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America housewares market is further segmented into the US, Canada, and Mexico. The Europe housewares market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The housewares market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America housewares market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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