Creation of Elegant Home Space using Design-Led Interior Pieces imparts Large Drive for Homewares Market
The increasing drive for homewares stemmed from the profound impact that design-led and stylish home interiors have made in the minds of consumers. The homewares market has been gaining constant growth impetus from the large aesthetic appeal that decorating, renovating, and re-furnishing homes has garnered among people all over the world. The virtually limitless options of designs and textures that various homewares products come with has been propelling the demand in the global homewares market. The global homewares market seems to growing from strength to strength from the constant efforts of manufacturers to launch new, unique designs catering to all category of buyers. Moreover, the homewares market is also gaining copiously on the back of the advent of home décor and accessories made of inexpensive textiles with striking textures and innovative prints. The growing affordability of such homewares is what is catalyzing their demand in emerging markets.
Emerging Generation Rent Class and Changing Fashion Trends stir Consumer Spending in Homewares Market
The rising class of generation rent in urban spaces, especially in developed nations such as the U.K. and the U.S., has led buyers’ spending to swell in the homewares market. This is attributed to the rise in population of renters, majorly couples and young families, who are exploring options in inexpensive home décor. This reckoning has kicked in copious demand in the homewares market. Brands strive to meet the decorating needs of these consumers with homewares that help them redefine luxury, and at their pace. On the other hand, a growing number of millennial renters who are influenced by emerging trends in home design, thus opening new avenues in the homewares market. The rising trend of subscription-style décor is attracting price-sensitive consumers in the homewares market. The trend is being noticed in the rising demand for stylish furniture via decor-based rental services. The demand for homewares at premium pices is also picking up demand among elderly populations in developed markets who spend generously on home decors.
Manufacturers aim at meeting Needs of Design Lovers in Developed Nations and earn Generous Revenues in Homewares Market
Consumers in numerous developed countries, such as in North America and Europe, are splurging in homewares with exotic designs to realign their living spaces, thereby opening new avenues in the homewares market. Companies in the homewares market have been toying with new strategies of marketing, retailing, and merchandising for quite some time, especially to meet the needs of buyers in commercial and residential spaces. In recent years, they have also entered into collaborations with retailers to expand the reach of their products for consumers in the homewares market. The rising adoption of modern architectural styles in several countries of Europe is a crucial factor fueling the demand for homewares for decorating homes.
About the Report
The report titled “Homewares Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022” takes a critical look at the various dynamics of the homewares market. The assessment covers analyses of regional and global trends, changes in consumer preferences, and product innovations, and evaluates their impacts on the overall outlook of the homewares market. The study presents crucial insights into the share and size of various regional markets and their growth forecasts during 2017–2022. The analyses offers demand estimations and tracks growth prospects of various types of homewares products such as home decoration products, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware, and hardware tools. The report also offers a detailed evaluation of the sales of homewares in key distribution channels such as homeware stores, franchised stores, specialty stores, departmental stores, and online.
Homewares are wide varieties of household commodities and furnishings used mainly for the purpose of decorating living spaces, making them appear more stylish and contemporary. These consist of a wide variety of products that may include scatter cushions, soft room furnishings, art and wall décor, stylish kitchen utensils, and accessories. The products in the homewares market add elegance factor to the living spaces, make them more functional, and enhances the aesthetic quotient.
Additional Questions Answered
The in-depth assessment of the opportunities and demand trends in the homewares market shines light on several key aspects of the market’s evolution and analyzes the growth trajectories in the next few years. Some of the most pertinent questions, it strives to offer answers to include:
- What factors will sustain the prominent demand for home décor in the global homewares market?
- Will departmental stores continue to hold its sway as the key distribution channel in the homewares market throughout the forecast period?
- What are the demand prospects for homewares in Europe?
- Will the burgeoning demand for furniture in numerous economies Asia Pacific challenge the status quo of North America market that is expand at a fast pace?
- Which strategies by key players are expected to shape the intensity of competition in the homewares market?
Assessment of Strategic Landscape of Homewares Market
Some of the players whose strategies would be keenly watched over by market analysts and stakeholders are The Oneida Group, Inc., Groupe SEB, Pacific Market International, Lock & Lock Co Ltd, Libbey Inc., International Cookware SAS, Inter Ikea Systems B.V., Conair Corporation, Avon Products, Inc., and Arc International.
The insights and assessments presented in the research report titled “Homewares Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022” takes a critical look at various dynamics influencing the current outlook of the global homewares market, key opportunities, and untapped avenues. The analyses estimate the size and revenue shares of various segments in the homewares market and offers year-over-year comparison based on these figures in different regions. The report also takes a closer look at the various elements shaping the contours of the competitive landscape and highlights key factors influencing the dynamic. The study offers a detailed statistical analysis of the data of the growth of the homewares market by projecting CAGRs of various segments and regional markets for homewares. The detailed evaluations and assessment, and various growth projections of the homewares market are covered in 12 chapters.
Chapter 1 – Executive Summary
The introductory section offers a succinct and critical overview of the various evolution trajectories of the homewares market. The summary highlights key avenues, lucrative prospects, and emerging areas for investment by prominent companies. It offers an uncluttered view of the changing consumers preferences and proclivity shaping the future contours of the homewares market.
Chapter 2 – Outline of Global Homewares Market
The next section offers insights into the taxonomy of the homewares market, including its definition. The analysis presented in the chapter offers a critical look at the key drivers and restraining factors, prominent trends and supply chain dynamic. The chapter also assesses the prevailing pricing structure in the homeware market and a brief overview of the regulatory landscape.
Chapter 3 – Product Type Assessment and Forecasts of Global Homewares Market
The chapter introduces various key product types in the global homewares market and evaluates their prospects by offering insights into their size. The sections also offers growth forecasts of these segments. Various product segments analyzed here are home decoration products, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware, and hardware tools.
Chapter 4 – Distribution Channel Assessment and Forecasts of Global Homewares Market
The chapter evaluates the share and size of various distribution channels in the global homewares market. The evaluation includes comparative assessment of the revenue contribution and Y-o-Y growth in various regions during 2012–2022. Key distribution channels in the homeware market are homeware stores, franchised stores, specialty stores, departmental stores, and online.
Chapter 5 – Regional Assessment and Forecasts of Global Homewares Market
This section offers a detailed look at the prospects and opportunities key regions and assesses their contribution to the global homewares market. It offers a comparative analysis of the revenue on the basis of product and distribution channel. Various regional markets covered in the analysis are North America, Latin America, Asia Pacific excluding Japan (APEJ), Europe, Japan, and the Middle East and Africa (MEA).
Chapter 6 – North America Assessment and Forecasts of Global Homewares Market
The chapter takes a closer look at the demand dynamics of homewares across North America. The section offers detailed insight into prospects of the regional market by analyzing the opportunities in various countries, such as the U.S. and Canada.
Chapter 7 – Latin America Assessment and Forecasts of Global Homewares Market
The section offers a detailed assessment of the size of the Latin America homewares market and offers forecast during 2017–2022. The analysis compares the revenue share of various countries with respect to various segments. Key countries analyzed in the chapter Argentina, Brazil, and Mexico.
Chapter 8 – Europe Assessment and Forecasts of Global Homewares Market
The section takes a closer look at the trends and key regulatory developments that will bolster the uptake of homewares in Europe during the assessment period. Various countries of the region analyzed here are the U.K., Germany, France, Spain, Italy, and the Nordics.
Chapter 9 – Japan Assessment and Forecasts of Global Homewares Market
The chapter evaluates prospects of the Japan homewares market and highlights promising avenues in the region.
Chapter 10 – APEJ Assessment and Forecasts of Global Homewares Market
The section assesses the key factors and emerging demand trends underpinning the attractiveness of the APEJ homewares market. The chapter takes a closer look at key investment options for homeware manufacturers in countries such as China, India, Malaysia, Thailand, Singapore, and Australia.
Chapter 11– MEA Assessment and Forecasts of Global Homewares Market
The chapter offers assessment of the prominent opportunities in the MEA market for homewares. Key countries analyzed here are GCC, South Africa, Nigeria, and Israel.
Chapter 12– Stakeholder Ecosystem and Competitive Landscape of Global Homewares Cameras Market
The study offers information of the company profiles, their offerings, and key sales data. The section offers SWOT analysis to evaluate the intensity of the prevailing competition in the global homewares market. It also takes a critical look at the major developments shaping the strategic contours in various regions. Prominent companies profiled in the report are ARC International SA, Avon Products Inc., Conair Corporation, IKEA Systems B.V., International Cookware SAS, Libbey Inc., Lock & Lock Co Ltd., Pacific Market International, SEB SA, The Oneida Group., and Zepter International SA.
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