LONDON–(BUSINESS WIRE)–Technavio has been monitoring the homeware market and it is poised to grow by USD 79.29 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the homeware market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
-
Based on segmentation by product, which is the leading segment in the market?
The hardware segment led the market in 2019.
-
What are the major trends in the market?
The increase in the availability of private-label brands is the major trend in the market.
-
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 3% during the forecast period.
-
Who are the top players in the market?
Alibaba Group Holding Ltd., Amazon.com Inc., Bed Bath & Beyond Inc., Carrefour SA, J. C. Penney Co. Inc., Target Corp., The Home Depot Inc., Walmart Inc., and Williams-Sonoma Inc. are the top players in the market.
-
What are the key market drivers?
The market is driven by innovation and portfolio extension by vendors.
-
How big is the APAC market?
APAC accounted for 38% of the global market share in 2019.
Related Reports on Consumer Discretionary Include:
Global Furniture Market – Global furniture market is segmented by product (home, office, and others) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Recliner Sofas Market – Global recliner sofas market is segmented by distribution channel (furniture and furnishing stores, hypermarkets, e-retailers, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Develop Smart Strategies for Your Business: Get a Free Sample Report Now!
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., Amazon.com Inc., Bed Bath & Beyond Inc., Carrefour SA, J. C. Penney Co. Inc., Target Corp., The Home Depot Inc., Walmart Inc., and Williams-Sonoma Inc. are some of the major market participants. Innovation and portfolio extension will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this homeware market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Homeware Market 2020-2024: Segmentation
Homeware Market is segmented as below:
-
Product
- Hardware
- Soft Furnishing And Textile
- Lighting
- Window Dressing
- Distribution Channel
-
Geographic Landscape
- APAC
- North America
- Europe
- South America
- MEA
Give Your Business a Head Start for 2021: Download Our Free Sample Report
Homeware Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The homeware market report covers the following areas:
- Homeware Market Size
- Homeware Market Trends
- Homeware Market Industry Analysis
This study identifies an increase in the availability of private-label brands as one of the prime reasons driving the Homeware Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts
Homeware Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist homeware market growth during the next five years
- Estimation of the homeware market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the homeware market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of homeware market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Hardware – Market size and forecast 2019-2024
- Soft furnishing and textile – Market size and forecast 2019-2024
- Lighting – Market size and forecast 2019-2024
- Window dressing – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the market
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alibaba Group Holding Ltd.
- Amazon.com Inc.
- Bed Bath & Beyond Inc.
- Carrefour SA
- J. C. Penney Co. Inc.
- Lowe’s Companies Inc.
- Target Corp.
- The Home Depot Inc.
- Walmart Inc.
- Williams-Sonoma Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
