Home furnishing is the art of aesthetically designing of internal and external places along with making them functionally useful for residence. Furniture design can be modify through machine-based processes and handcrafting. The home furnishing products include various items such as tables, chairs, bed, stool, kitchen furniture, outdoor furniture and others.
MARKET DYNAMICS
The home furnishing market is expected to rise in the forecast period. The global home furnishing market has gaining attraction in emerging economies, owing to rise in the affluent population. Furthermore, rise in environment awareness among consumers has shifted their preference toward eco-friendly home décor products, which is a major growth factor of the global market. Increase in disposable income of consumers in developed and emerging countries fuels the market growth. However, availability of low-quality and simulated products and fluctuations in the prices of raw materials used to manufacture these products can restrain the market growth. On the other hand, surge in demand for trending & unique furniture is anticipated to provide significant growth opportunities for the home. The market players are competing based on price, design of the product, and quality.
MARKET SCOPE
The "Global Home Furnishing Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the home furnishing market with detailed market segmentation by product type and distribution channel. The global home furnishing market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading home furnishing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global home furnishing market is segmented on the basis of product type and distribution channel. Based on product type, the global home furnishing market is segmented in furniture, bathroom linen, bedding and linen, carpets and rugs, curtains and accessories. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, speciality stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global home furnishing market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The home furnishing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the home furnishing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home furnishing market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global home furnishing market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The home furnishing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the home furnishing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home furnishing market in these regions.
MARKET PLAYERS
The report covers vital developments in the home furnishing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the home furnishing market are anticipated to lucrative growth opportunities in the future with the rising demand for home furnishing products in the global market. Below mentioned is the list of few companies engaged in the home furnishing market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home furnishing market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Ashley Furniture Industries Inc.
- BERCO DESIGNS
- Godrej and Boyce Manufacturing
- Herman Miller
- IKEA
- Stanley Furniture
- Heritage Home Group
- Nitori Co. Ltd.
- Williams-Sonoma
- Kimball International
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Home Furnishing Market - By Product Type
1.3.2 Home Furnishing Market - By Distribution Channel
1.3.3 Home Furnishing Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOME FURNISHING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HOME FURNISHING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HOME FURNISHING MARKET - GLOBAL MARKET ANALYSIS
6.1. HOME FURNISHING - GLOBAL MARKET OVERVIEW
6.2. HOME FURNISHING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HOME FURNISHING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FURNITURE BATHROOM LINEN
7.3.1. Overview
7.3.2. Furniture Bathroom Linen Market Forecast and Analysis
7.4. BEDDING AND LINEN
7.4.1. Overview
7.4.2. Bedding and Linen Market Forecast and Analysis
7.5. CARPETS AND RUGS
7.5.1. Overview
7.5.2. Carpets and Rugs Market Forecast and Analysis
7.6. CURTAINS AND ACCESSORIES.
7.6.1. Overview
7.6.2. Curtains and Accessories. Market Forecast and Analysis
8. HOME FURNISHING MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HOME FURNISHING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Home Furnishing Market Overview
9.1.2 North America Home Furnishing Market Forecasts and Analysis
9.1.3 North America Home Furnishing Market Forecasts and Analysis - By Product Type
9.1.4 North America Home Furnishing Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Home Furnishing Market Forecasts and Analysis - By Countries
9.1.5.1 United States Home Furnishing Market
9.1.5.1.1 United States Home Furnishing Market by Product Type
9.1.5.1.2 United States Home Furnishing Market by Distribution Channel
9.1.5.2 Canada Home Furnishing Market
9.1.5.2.1 Canada Home Furnishing Market by Product Type
9.1.5.2.2 Canada Home Furnishing Market by Distribution Channel
9.1.5.3 Mexico Home Furnishing Market
9.1.5.3.1 Mexico Home Furnishing Market by Product Type
9.1.5.3.2 Mexico Home Furnishing Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Home Furnishing Market Overview
9.2.2 Europe Home Furnishing Market Forecasts and Analysis
9.2.3 Europe Home Furnishing Market Forecasts and Analysis - By Product Type
9.2.4 Europe Home Furnishing Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Home Furnishing Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Home Furnishing Market
9.2.5.1.1 Germany Home Furnishing Market by Product Type
9.2.5.1.2 Germany Home Furnishing Market by Distribution Channel
9.2.5.2 France Home Furnishing Market
9.2.5.2.1 France Home Furnishing Market by Product Type
9.2.5.2.2 France Home Furnishing Market by Distribution Channel
9.2.5.3 Italy Home Furnishing Market
9.2.5.3.1 Italy Home Furnishing Market by Product Type
9.2.5.3.2 Italy Home Furnishing Market by Distribution Channel
9.2.5.4 United Kingdom Home Furnishing Market
9.2.5.4.1 United Kingdom Home Furnishing Market by Product Type
9.2.5.4.2 United Kingdom Home Furnishing Market by Distribution Channel
9.2.5.5 Russia Home Furnishing Market
9.2.5.5.1 Russia Home Furnishing Market by Product Type
9.2.5.5.2 Russia Home Furnishing Market by Distribution Channel
9.2.5.6 Rest of Europe Home Furnishing Market
9.2.5.6.1 Rest of Europe Home Furnishing Market by Product Type
9.2.5.6.2 Rest of Europe Home Furnishing Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Home Furnishing Market Overview
9.3.2 Asia-Pacific Home Furnishing Market Forecasts and Analysis
9.3.3 Asia-Pacific Home Furnishing Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Home Furnishing Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Home Furnishing Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Home Furnishing Market
9.3.5.1.1 Australia Home Furnishing Market by Product Type
9.3.5.1.2 Australia Home Furnishing Market by Distribution Channel
9.3.5.2 China Home Furnishing Market
9.3.5.2.1 China Home Furnishing Market by Product Type
9.3.5.2.2 China Home Furnishing Market by Distribution Channel
9.3.5.3 India Home Furnishing Market
9.3.5.3.1 India Home Furnishing Market by Product Type
9.3.5.3.2 India Home Furnishing Market by Distribution Channel
9.3.5.4 Japan Home Furnishing Market
9.3.5.4.1 Japan Home Furnishing Market by Product Type
9.3.5.4.2 Japan Home Furnishing Market by Distribution Channel
9.3.5.5 South Korea Home Furnishing Market
9.3.5.5.1 South Korea Home Furnishing Market by Product Type
9.3.5.5.2 South Korea Home Furnishing Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Home Furnishing Market
9.3.5.6.1 Rest of Asia-Pacific Home Furnishing Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Home Furnishing Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Home Furnishing Market Overview
9.4.2 Middle East and Africa Home Furnishing Market Forecasts and Analysis
9.4.3 Middle East and Africa Home Furnishing Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Home Furnishing Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Home Furnishing Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Home Furnishing Market
9.4.5.1.1 South Africa Home Furnishing Market by Product Type
9.4.5.1.2 South Africa Home Furnishing Market by Distribution Channel
9.4.5.2 Saudi Arabia Home Furnishing Market
9.4.5.2.1 Saudi Arabia Home Furnishing Market by Product Type
9.4.5.2.2 Saudi Arabia Home Furnishing Market by Distribution Channel
9.4.5.3 U.A.E Home Furnishing Market
9.4.5.3.1 U.A.E Home Furnishing Market by Product Type
9.4.5.3.2 U.A.E Home Furnishing Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Home Furnishing Market
9.4.5.4.1 Rest of Middle East and Africa Home Furnishing Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Home Furnishing Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Home Furnishing Market Overview
9.5.2 South and Central America Home Furnishing Market Forecasts and Analysis
9.5.3 South and Central America Home Furnishing Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Home Furnishing Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Home Furnishing Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Home Furnishing Market
9.5.5.1.1 Brazil Home Furnishing Market by Product Type
9.5.5.1.2 Brazil Home Furnishing Market by Distribution Channel
9.5.5.2 Argentina Home Furnishing Market
9.5.5.2.1 Argentina Home Furnishing Market by Product Type
9.5.5.2.2 Argentina Home Furnishing Market by Distribution Channel
9.5.5.3 Rest of South and Central America Home Furnishing Market
9.5.5.3.1 Rest of South and Central America Home Furnishing Market by Product Type
9.5.5.3.2 Rest of South and Central America Home Furnishing Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HOME FURNISHING MARKET, KEY COMPANY PROFILES
11.1. ASHLEY FURNITURE INDUSTRIES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BERCO DESIGNS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GODREJ AND BOYCE MANUFACTURING
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HERMAN MILLER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IKEA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. STANLEY FURNITURE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HERITAGE HOME GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NITORI CO. LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WILLIAMS-SONOMA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. KIMBALL INTERNATIONAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ashley Furniture Industries Inc.
2. BERCO DESIGNS
3. Godrej and Boyce Manufacturing
4. Herman Miller
5. IKEA
6. Stanley Furniture
7. Heritage Home Group
8. Nitori Co. Ltd.
9. Williams-Sonoma
10. Kimball International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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