Global Home Furnishings Market to grow at a CAGR of 5.36% during the period 2016 - 2020; Finds New Report

Report forecast the global home furnishings market to grow at a CAGR of 5.36% during the period 2016-2020.

The home furnishings market will show positive growth during the forecast period. The growing globalization of companies has played a major role in driving the market, allowing top players to expand their operations and meet customer needs across boundaries. An increasing preference for premium or luxury home furnishing products, a rise in household disposable incomes, and rapid globalization are also contributing to the growth of the market, particularly in developing countries in APAC, the Middle East and Africa (MEA), and Latin America during the forecast period.

The report covers the present scenario and the growth prospects of the global home furnishings market for 2016-2020. To calculate the market size, the report takes into account revenue generated from retail sales of the following home furnishing products:

• Home furniture
• Home textiles
• Floor coverings

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

• Americas
• APAC
• Europe
• MEA

According to the report, the growing significance of home décor has led consumers to seek unique and designer home furnishings. Consumers are opting for luxury brands because of economic growth and an increase in disposable income. High-end furnishings are considered status symbols by upper-class households, who prefer buying designer furniture, floor coverings, and textiles. Consumers are also opting for premium products for their home offices.

Further, the report states that the processes involved in the back-end operations of supply chain management are very complex in the global furniture market. The varying transportation costs in different regions also hinder vendor operations. Many of the furniture manufacturers operate globally and are exposed to varying costs of fuel, taxes, duties and fees, and government policies. All these additional cost factors eat into the profits of vendors, affecting overall market revenue.

Global Home Furnishings Market 2016-2020, 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 players in the Global Home Furnishings Market: Bed Bath & Beyond, IKEA, Macy's, and Walmart.

Other Prominent Vendors in the market are: 9to5 Seating, Amazon, ATG Stores, Berco Furniture Solution, Clarin, Carrefour, Costco Wholesale, Creative Wood, Godrej & Boyce, HNI, Herman Miller, Godrej & Boyce, J.C. Penney, KI, Knoll, Steinhoff International, Target, Tesco, and Wayfair.

Market driver

• Increase in demand for luxury home furnishings
• For a full, detailed list, view our report

Market challenge

• High costs of logistics
• For a full, detailed list, view our report

Market trend

• Increasing influence of interior design
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 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?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 18 Exhibit “Global Home Furnishings Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.

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