Homewares Market: Emerging Economies Expected to Influence Growth until 2022
Creation of Elegant Home Space using Design-Led Interior Pieces imparts Large Drive for Homewares Market
(EMAILWIRE.COM, February 28, 2019 ) Increased demand for housing and the emergence of “generation rent” is reflecting favorably on the global homewares market. Currently, the preference for inexpensive fashionable homeware items is higher than premium-priced varieties. The youth population is more fashion oriented and seek season homeware solutions, which is why manufacturers remain focused on constantly changing product design and introducing new products.
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At the same time, elderly shoppers tend to invest more on luxury categories, owing to their relatively higher spending ability. Factors as such are expected to play an important role in determining the future prospects of the global homewares market. Moreover, companies that manufacture homewares are also offering low-cost textile and decorative ranges in order to penetrate the wide pool of price-sensitive consumers particularly in the developing countries. Some of the companies are coming up with complete sets of homeware decor items that are specific to the aesthetic requirements of the buyer. The recent report published by Fact.MR cites that the global homewares market will reach a valuation is excess of US$ 180,100 Mn, reflecting an above average CAGR during the forecast period (2017-2022).
Homewares are household commodities used within household. Some of the commonly used homeware items include furniture, home decoration, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools. Homewares make living areas more habitual and functional.
Home Decoration to Remain a Highly Sough-After Homeware Product Segment
Based on product type, demand for home decoration will continue to be strong in 2017 and beyond. Over 2022, global sales of home decoration is projected account for more than 19% revenue share of the homewares market. In addition, nearly US$ 35,297 Mn worth home decoration is estimated to be sold across the globe.
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Among regions, the homewares market in Europe is projected remain highly attractive throughout the forecast period. In terms of revenue, the region currently represents a significantly percentage in the global homewares market and trend is anticipated to continue over the next couple of years. Between 2017 and 2022, Europe’s homewares market is expected to expand at an impressive CAGR of 5.5%. The region’s market is expected to create absolute $ opportunity of US$ 15,154.4 Mn during the forecast period. The market in North America is also expected to surge at a healthy CAGR, owing to the increasing demand for low-cost seasonal home decoration in the region.
Competition Tracking
The report has also profiled key companies that are currently functioning in the global homewares market, which include ARC International SA, Avon Products, Inc., Conair Corporation, Inter Ikea Systems B.V., International Cookware SAS, Libbey Inc., Lock & Lock Co Ltd, Pacific Market International, SEB SA, The Oneida Group, Inc., Tupperware Brands Corporation, and Zepter International SA.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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Get Sample of this research report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=241
At the same time, elderly shoppers tend to invest more on luxury categories, owing to their relatively higher spending ability. Factors as such are expected to play an important role in determining the future prospects of the global homewares market. Moreover, companies that manufacture homewares are also offering low-cost textile and decorative ranges in order to penetrate the wide pool of price-sensitive consumers particularly in the developing countries. Some of the companies are coming up with complete sets of homeware decor items that are specific to the aesthetic requirements of the buyer. The recent report published by Fact.MR cites that the global homewares market will reach a valuation is excess of US$ 180,100 Mn, reflecting an above average CAGR during the forecast period (2017-2022).
Homewares are household commodities used within household. Some of the commonly used homeware items include furniture, home decoration, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools. Homewares make living areas more habitual and functional.
Home Decoration to Remain a Highly Sough-After Homeware Product Segment
Based on product type, demand for home decoration will continue to be strong in 2017 and beyond. Over 2022, global sales of home decoration is projected account for more than 19% revenue share of the homewares market. In addition, nearly US$ 35,297 Mn worth home decoration is estimated to be sold across the globe.
Browse More Information about this Report @ https://www.factmr.com/report/241/homewares-market
Among regions, the homewares market in Europe is projected remain highly attractive throughout the forecast period. In terms of revenue, the region currently represents a significantly percentage in the global homewares market and trend is anticipated to continue over the next couple of years. Between 2017 and 2022, Europe’s homewares market is expected to expand at an impressive CAGR of 5.5%. The region’s market is expected to create absolute $ opportunity of US$ 15,154.4 Mn during the forecast period. The market in North America is also expected to surge at a healthy CAGR, owing to the increasing demand for low-cost seasonal home decoration in the region.
Competition Tracking
The report has also profiled key companies that are currently functioning in the global homewares market, which include ARC International SA, Avon Products, Inc., Conair Corporation, Inter Ikea Systems B.V., International Cookware SAS, Libbey Inc., Lock & Lock Co Ltd, Pacific Market International, SEB SA, The Oneida Group, Inc., Tupperware Brands Corporation, and Zepter International SA.
Make an Enquiry before buying this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=241
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
Contact Information:
Fact.MR
James Hilton
Tel: +353-1-6111-593
Email us
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Fact.MR
James Hilton
Tel: +353-1-6111-593
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results