Global Decorative Candles Retail Market 2019-2023
About this market
Growing home decor market will be a major factor driving the growth of the global decorative candles retail market. Rising affluence in major global economies coupled with lifestyle changes have led to a radical surge in demand for home decor products. Innovations in aromatherapy diffusers, plug-ins, and customized candles have positively grabbed the attention of retailers and millennials among the consumer group. Technavio’ s analysts have predicted that the decorative candles retail market will register a CAGR of over 5% by 2023.
Market Overview
Diversified product portfolio of key vendors
Decorative candles can be categorized into various types life tapers, votives, containers, pillars and many more. Each type of candles is designed to cater different occasions or purposes like religious holidays, birthdays, gifts, and home decor. Thus, diversified product portfolio of key vendors will drive the growth of the market.
Emission of toxic fumes
Air pollution is regarded as a major threat to human health and life. Exposure to harmful fuels and gases results in serious health hazards and sometimes could lead to cancer. The burning of paraffin wax, a major raw material used in making candles, releases harmful toxins into the air, which can cause cancer with multiple exposure.
For the detailed list of factors that will drive and challenge the growth of the decorative candles retail market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be highly fragmented and with the presence of several companies including Walmart Inc. and Williams-Sonoma Inc the competitive environment is quite intense. Factors such as the growing home decor market and diversified product portfolio of key vendors, will provide considerable growth opportunities to decorative candles retail manufactures. Amazon.com Inc., Home Depot Product Authority, LLC, Kingfisher plc, Walmart Inc., and Williams-Sonoma Inc. are some of the major companies covered in this report.
Press Release
Technavio Announces the Publication of its Research Report – Global Decorative Candles Retail Market 2019-2023
Technavio recognizes the following companies as the key players in the global decorative candles retail market: Amazon.com Inc., Home Depot Product Authority, LLC, Kingfisher plc, Walmart Inc., and Williams-Sonoma Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the evolution of wooden wicks.”
According to the report, one of the major drivers for this market is the diversified product portfolio of key vendors.
Further, the report states that one of the major factors hindering the growth of this market is the emission of toxic fumes.
Companies Mentioned
Amazon.com Inc.
Home Depot Product Authority, LLC
Kingfisher plc
Walmart Inc.
Williams-Sonoma Inc.
- Executive summary
- Scope of the report
- Preface
- Currency conversion rates for US$
- Market landscape
- Market ecosystem
- Table Global home décor retail market
- Table Segments of global home décor retail market
- Market characteristics
- Table Market characteristics
- Market segmentation analysis
- Table Market segments
- Market ecosystem
- Market sizing
- Market definition
- Table Market definition - Inclusions and exclusions checklist
- Market sizing 2018
- Table Market size 2018
- Market size and forecast 2018-2023
- Table Global market: Size and forecast 2018-2023 ($ millions)
- Table Global market: Year-over-year growth 2019-2023 (%)
- Table Market share by product (% of global decorative candles retail market) 2018
- Market definition
- Five forces analysis
- Table Five forces analysis 2018
- Table Five forces analysis 2023
- Bargaining power of buyers
- Table Bargaining power of buyers
- Bargaining power of suppliers
- Table Bargaining power of suppliers
- Threat of new entrants
- Table Threat of new entrants
- Threat of substitutes
- Table Threat of substitutes
- Threat of rivalry
- Table Threat of rivalry
- Market condition
- Table Market condition - Five forces 2018
- Market segmentation by distribution channel
- Table Distribution channel - Market share 2018-2023 (%)
- Comparison by distribution channel
- Table Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Table Offline - Market size and forecast 2018-2023 ($ millions)
- Table Offline - Year-over-year growth 2019-2023 (%)
- Online - Market size and forecast 2018-2023
- Table Online - Market size and forecast 2018-2023 ($ millions)
- Table Online - Year-over-year growth 2019-2023 (%)
- Market opportunity by distribution channel
- Table Market opportunity by distribution channel
- Customer landscape
- Table Customer landscape
- Geographic landscape
- Geographic segmentation
- Table Market share by geography 2018-2023 (%)
- Geographic comparison
- Table Geographic comparison
- North America - Market size and forecast 2018-2023
- Table North America - Market size and forecast 2018-2023 ($ millions)
- Table North America - Year-over-year growth 2019-2023 (%)
- Europe - Market size and forecast 2018-2023
- Table Europe - Market size and forecast 2018-2023 ($ millions)
- Table Europe - Year-over-year growth 2019-2023 (%)
- APAC - Market size and forecast 2018-2023
- Table APAC - Market size and forecast 2018-2023 ($ millions)
- Table APAC - Year-over-year growth 2019-2023 (%)
- South America - Market size and forecast 2018-2023
- Table South America - Market size and forecast 2018-2023 ($ millions)
- Table South America - Year-over-year growth 2019-2023 (%)
- MEA - Market size and forecast 2018-2023
- Table MEA - Market size and forecast 2018-2023 ($ millions)
- Table MEA - Year-over-year growth 2019-2023 (%)
- Key leading countries
- Table Key leading countries
- Market opportunity
- Table Market opportunity
- Geographic segmentation
- Decision framework
- Drivers and challenges
- Market drivers
- Table New privately-owned housing units started in US by Purpose and Design (units in '000s)
- Table New privately-owned housing units completed in US by Purpose and Design (units in '000s)
- Market challenges
- Table Impact of drivers and challenges
- Market drivers
- Market trends
- Introduction of LED candles
- Expansion of the e-commerce market
- Introduction of customized candles by vendors
- Other trends
- Vendor landscape
- Overview
- Table Vendor landscape
- Landscape disruption
- Table Landscape disruption
- Competitive scenario
- Overview
- Vendor analysis
- Vendors covered
- Table Vendors covered
- Vendor classification
- Table Vendor classification
- Market positioning of vendors
- Table Market positioning of vendors
- Amazon.com Inc.
- Table Amazon.com Inc. - Vendor overview
- Table Amazon.com Inc. - Business segments
- Table Amazon.com Inc. - Organizational developments
- Table Amazon.com Inc. - Geographic focus
- Table Amazon.com Inc. - Segment focus
- Table Amazon.com Inc. - Key offerings
- Home Depot Product Authority, LLC
- Table Home Depot Product Authority, LLC - Vendor overview
- Table Home Depot Product Authority, LLC - Business segments
- Table Home Depot Product Authority, LLC - Organizational developments
- Table Home Depot Product Authority, LLC - Geographic focus
- Table Home Depot Product Authority, LLC - Segment focus
- Table Home Depot Product Authority, LLC - Key offerings
- Kingfisher plc
- Table Kingfisher plc - Vendor overview
- Table Kingfisher plc - Business segments
- Table Kingfisher plc - Organizational developments
- Table Kingfisher plc - Segment focus
- Table Kingfisher plc - Key offerings
- Walmart Inc.
- Table Walmart Inc. - Vendor overview
- Table Walmart Inc. - Business segments
- Table Walmart Inc. - Organizational developments
- Table Walmart Inc. - Geographic focus
- Table Walmart Inc. - Segment focus
- Table Walmart Inc. - Key offerings
- Williams-Sonoma Inc.
- Table Williams-Sonoma Inc. - Vendor overview
- Table Williams-Sonoma Inc. - Business segments
- Table Williams-Sonoma Inc. - Organizational developments
- Table Williams-Sonoma Inc. - Segment focus
- Table Williams-Sonoma Inc. - Key offerings
- Vendors covered
- Appendix
- Research methodology
- Table Validation techniques employed for market sizing
- List of abbreviations
- Definition of market positioning of vendors
- Table Definition of market positioning of vendors
- Research methodology
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