Press Release

Home Furnishing Market to be Dominated by North America During the Forecast Period

Increasing home ownership, growing the trend of home decoration, and the rising internet penetration are the factors driving the global home furnishing market.

According to TechSci Research report, “Home Furnishing Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”

The global home furnishing market is expected to grow during the forecast period. Aesthetic elements and accessories that are utilized to beautify residential environments are referred to as home furnishing and decor. It consists of furniture, carpets & rugs, cushions, pillows, ornamental mirror stickers, fragrant candles, showpieces, key holders, flower vases, quote wall hangers, and wooden wall shelves. Additionally, it includes laminated floor coverings and home textiles for the bathroom, kitchen, dining room, living room, and bedroom. It elevates mood and helps maintain cleaner and more organized houses. As a result, there is an increase in demand for home furnishings products globally.

One of the main reasons driving the market is the increasing construction and renovation activities in residential and commercial spaces. Additionally, the population movement from rural to urban areas and rising consumer spending power of individuals are boosting demand for home furnishing products around the world. A significant increase in the trade of decorative goods is also contributing to the positive market outlook. In keeping with this, rising internet usage and a shift in consumer dependency toward smartphones are boosting sales of home furnishing items on online marketplaces.

Additionally, the advantages of free home delivery and safe online payment methods, together with the simple accessibility of aesthetic components at discounted prices, are providing manufacturers with attractive expansion potential. Additionally, prominent market participants are being encouraged to diversify their product offerings by consumers' growing knowledge of the advantages of employing eco-friendly materials. Additionally, they are concentrating on strategic partnerships with interior designers to provide customers personalized home decor & furnishing items, which is predicted to drive market growth during the forecast period.

Market expansion has been fueled by consumers' shifting preferences toward urban lifestyles as a result of increasing urbanization. A change in lifestyle necessitates the right arrangement of furnishings and furniture, which calls for high-end goods of exceptional quality. Therefore, the demand for home décor goods throughout the projection period will benefit from this pace of growth. Additionally, it is expected that growth in the real estate industry will support the demand for home furnishings.

Browse over XX market data figures spread through XX Pages and an in-depth TOC on the " Global Home Furnishing Market"


The global home furnishing market is segmented based on product type, distribution channel, region, and competitive landscape. Based on product type, the global home furnishing market is segmented into home furniture, home textile, and wall decor. Among these, the home furniture segment holds the leading share in the market during the forecast period.  The need for furniture is growing as modular kitchens and lights are used more frequently. Metal, wood, plastic, glass, and leather are just a few of the materials used to make furniture, either alone or in combination with other materials. The shape and arrangement of a design are crucial in the furniture industry since they have a direct impact on consumers' decisions to buy a certain product. The furniture industry is also developing as a result of increased urbanization and the popularity of the nuclear family.

Based on distribution channel, the global home furnishing market is segmented into supermarket/hypermarket, specialty stores, online, and others. Among these, the specialty stores is expected to hold the leading share in the market during the forecast period. The outlet of the home furnishing focused specialty store offers a wide variety of goods and associated things. The specialty store gives specialized options to residences. Additionally, specialist stores offer better customer service and knowledgeable guidance when guiding customers in choosing home furnishings goods for different purposes, such as kitchens, bedrooms, and outdoor furniture. Prior to making a purchase, consumers want to shop around and assess their options, which boosts retail sales of home furnishings items in specialist stores. Customers also consider the reliability, dependability, and coloring options offered in the stores as well as the compatible accessories. As a result, more people are expected to shop at specialty stores in the future.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Among these, North America holds the leading share in the market during the forecast period. Wider product accessibility and increased online and offline home furnishing channel penetration are credited for the market's expansion. The maximum penetration of various furnishing products, such as furniture, lighting, ornamental flooring, and the use of textiles, is observed in North America with the most market participants. Moreover, the United States dominates the world market for outdoor furniture as a result of customers' increasing willingness to spend money on home decorative elements.


Key market players operating in the global home furnishing market include:

  • Walmart Inc.
  • Bed Bath & Beyond Inc.
  • IKEA Group
  • Macy's, Inc.
  • Wayfair LLC
  • Home Depot Product Authority, LLC
  • Carrefour
  • Herman Miller, Inc.
  • Penney IP LLC
  • Haworth Inc. Ltd.


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“Online shopping for home furnishings has become more popular due to the increasing prevalence of e-commerce and smart devices such as mobile phones and tablets with convenient payment and delivery choices. The market expansion for various home furnishing products has also been boosted by broader availability and easy access to products. However, these goods are costly, which makes it challenging for customers to buy. Furthermore, the market's ability to expand is being hampered by rising raw material costs for goods made of leather and wood.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Home Furnishing Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

Segmented By Product Type (Home Furniture (Bed, Table, Chairs, etc.), Home Textiles (Carpets & Rugs, Cushions, etc.), Wall Décor (Scenic Accent Wall, Rugged Walls)), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region, By Company, has evaluated the future growth potential of home furnishing market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of the home furnishing globally.


Mr. Ken Mathews

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New York – 10017

Tel: +1-646-360-1656

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