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Global Home Furnishings Market 2017-2021

Global Home Furnishings Market 2017-2021

About Home Furnishings

The home furnishing industry consists of companies that manufacture furniture, non-upholstered kitchenware, floor coverings, wall coverings, and related furnishings. The industry includes desks, tables, chairs, drawers, couches, mattresses, bed frames and headboards, carpets, rugs, wallpaper, blinds, shades and curtains, entertainment centers and stands, wall units, outdoor furniture.

Technavio’s analysts forecast the global home furnishings market to grow at a CAGR of 5.98% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global home furnishings market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of home furnishings.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Home Furnishings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bed Bath & Beyond
  • Inter IKEA Systems
  • Macy's
  • Tvilum
  • Wal-Mart Stores
Other prominent vendors
  • Ashley HomeStores
  • BERCO DESIGNS
  • Creative Wood
  • Godrej & Boyce Manufacturing
  • Herman Miller
  • HNI
  • Kimball International
Market driver
  • Increasing interest in interior design
  • For a full, detailed list, view our report
Market challenge
  • Uncertainty in the prices of raw materials
  • For a full, detailed list, view our report
Market trend
  • Growing use of RTA furniture, especially customized pieces for personal interiors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Home Furnishings Market 2017-2021

Technavio recognizes the following companies as the key players in the global home furnishings market: Bed Bath & Beyond, Inter IKEA Systems, Macy's, Tvilum, and Wal-Mart Stores

Other Prominent Vendors in the market are: Ashley HomeStores, BERCO DESIGNS, Creative Wood, Godrej & Boyce Manufacturing, Herman Miller, HNI, and Kimball International.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing use of RTA furniture, especially customized pieces for personal interiors. The global popularity of trendy and innovatively designed RTA furniture, especially in Europe, is witnessing a significant growth. This is one of the key factors driving the growth of the market. Moreover, factors like increasing population, reducing living space, and migration are also likely to boost the market growth of RTA furniture to a considerable extent during the forecast period. The growing trend of customization has compelled the key competitors to manufacture custom designed RTA furniture. This has enabled them to attract more customers, thereby bringing in high sales figures.”

According to the report, one of the major drivers for this market is Increasing interest in interior design. Consumers worldwide have started investing in the interior decoration of their homes with the best products and concepts they can afford. This includes spending on designer home furnishings such as home furniture; floor coverings such as carpets and rugs; and home textiles such as curtains, cushion covers, beds, and other floor coverings that elevate the aesthetic appeal. The rising income levels of consumers, evolving lifestyles, increased media penetration, and adoption of different cultures have raised the interest in interior designing. Moreover, the growing population of working women and their participation in the decision-making process for home decoration are also pushing the sales of home furnishings. These factors have led consumers to spend more on different designer and luxury home furnishings, thereby driving the growth of the market during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Uncertainty in the prices of raw materials. The rising prices of high-quality raw materials have a directly proportional impact on the manufacturing costs of home furnishing products. This additional cost is usually transmitted to consumers in the form of increased prices, which can restrict the volume sales. Recent rises in commodity prices and the scarcity of raw materials have had a potentially negative impact on the global home furnishings market. On the other hand, the increased manufacturing capacity in China has particularly created a global shortage of raw materials. Consequently, the market has been hit by frequent and steep rises in the prices of raw materials. This is particularly evident in the prices of natural fibers of floor coverings such as linen, wool, silk, jute, and cotton. The prices of artificial fibers like polypropylene and polyamide have also increased. The sheer scale and frequency of commodity price rises for other home furnishing products have also posed a significant challenge to the global home furnishings market.

Companies Mentioned

Bed Bath & Beyond, Inter IKEA Systems, Macy's, Tvilum, Wal-Mart Stores, Ashley HomeStores, BERCO DESIGNS, Creative Wood, Godrej & Boyce Manufacturing, Herman Miller, HNI, and Kimball International.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global home furnishings market scenario 2016-2021
    • Market size and forecast
      • Table Global home furnishings market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Global home furnishings market: Five forces analysis
    • PESTLE Analysis
      • Table Global home furnishings market: PESTLE analysis
  • Market segmentation by product
    • Global home furnishings market: Segmentation by product
      • Table Global home furnishings market: Segmentation by product 2016 (% share of revenue)
      • Table Global home furnishings market: Segmentation by product 2021 (% share of revenue)
      • Table Global home furnishings market: Segmentation by product 2016-2021 (% share of revenue)
    • Global home furniture market
      • Table Global home furniture market 2016-2021 ($ billions)
    • Global home textiles market
      • Table Global home textiles market 2016-2021 ($ billions)
    • Global floor coverings market
      • Table Global floor coverings market 2016-2021 ($ billions)
  • Market segmentation by distribution channel
    • Global home furnishings market: Segmentation by distribution channel
      • Table Global home furnishings market: Segmentation by distribution channel 2016 (% share of revenue)
      • Table Global home furnishings market: Segmentation by distribution channel 2021 (% share of revenue)
      • Table Global home furnishings market: Segmentation by distribution channel 2016 and 2021 ($ billions)
      • Table Global home furnishings market: Analysis of distribution channel based on key parameters 2016
  • Regional landscape
    • Global home furnishings market: Segmentation by geography
      • Table Global home furnishings market - Regional segmentation 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Global home furnishings market: Regional comparison
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021
      • Table Home furnishings market in EMEA - Top 3 countries (% share of revenue)
    • Americas - market size & forecast
      • Table Americas - market size & forecast 2016-2021 ($ billions)
      • Table Americas - Year-over-year growth 2017-2021
      • Table Home furnishings market in Americas - Top 3 countries (% share of revenue)
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2016-2021 ($ billions)
      • Table APAC - Year over year growth 2017-2021
      • Table Home furnishings market in APAC - Top 3 countries (% share of revenue)
    • Key leading countries
      • Table Global home furnishings market: Key leading countries (% share of revenue)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Uptake of augmented reality (AR) applications for home furnishings
    • Growing use of RTA furniture, especially customized pieces for personal interiors
    • Introduction of sustainable floor coverings
    • Increasing focus on organized retailing
    • Increase in demand for eco-friendly home furnishings
  • Competitor landscape
    • Competitive scenario
      • Table Global home furnishings market: Key competitors
      • Table Global home furnishings market: Key competitor analysis based on important
      • Table Global home furnishings market: Analysis of key competitors
  • Key vendor analysis
    • Bed Bath & Beyond
      • Table Bed Bath & Beyond: Product overview
    • Inter IKEA Systems
      • Table Inter IKEA Systems: Product overview
      • Table Inter IKEA Systems: Geographical segmentation 2016 (% share of revenue)
    • Macy's
      • Table Macy's: Product overview
    • Tvilum
      • Table Tvilum: Product overview
    • Wal-Mart Stores
      • Table Wal-Mart Stores: Product overview
    • Other prominent competitors
      • Table Global home furnishings market: Other prominent competitors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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