Homeware Market Report 2024 (Global Edition)

Global Homeware Market Report 2024 Market Size Split by Product Type (Home Decoration , Furniture , Soft Furnishings , Kitchenware , Home Appliances , Lighting , Storage and Flooring , Bathroom...

Homeware Market Report Description

We have various report editions of Homeware Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Homeware Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Homeware Industry News 

In October 2022, The acquisition of Florida-based International Wholesale Tile LLC (IWT) has been announced by Victoria PLC, a flooring producer, distributor, and designer based in the United Kingdom.

(Source: https://www.floordaily.net/flooring-news/victoria-acquires-florida-based-international-wholesale-tile)

In February 2022, Victoria PLC, a global distributor, manufacturer, and designer of cutting-edge flooring, has successfully acquired B3 Ceramics Danismanlik (Graniser).

(Source: https://ceramicworldweb.com/en/news/victoria-plc-acquires-graniser)

Top Companies Market Share in Homeware Industry: (In no particular order of Rank)

• ARC International (France)
• Bormioli Luigi S.p.A.
• Conair Corporation (U.S.)
• Weck Jars
• International Cookware (U.S.)
• Libbey (U.S.)
• Lock & Lock (South Korea)
• Century Furniture LLC (U.S.)
• Heritage Home Group LLC (U.S.)
• Masco Corporation Designs (U.S.)
• HNI Corporation (U.S.)
• IKEA (Sweden)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Homeware

Which Region Dominates the Homeware Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The demand for homeware products is driven by the region's strong emphasis on urbanization and consumer lifestyle, with consumers investing in remodelling and home renovation projects to improve their living spaces. Due to the increased accessibility of homeware products due to the advent of e-commerce in North America, the market has expanded and become more dominant.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase; Europe is the region with the quickest rate of growth in the homeware sector. People's level of living is rising as a result. Spending more money on home renovation is growing, which could lead to profitable growth opportunities for the European homeware sector. The demand for homeware items is being driven by the migration of people from rural to urban regions and their rising purchasing power.

The current report Scope analyzes Homeware Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Homeware Market

According to Cognitive Market Research, the homeware market in North America accounted for over 40% of the worldwide revenue, with a market size of USD 566100.48 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.2% between 2024 and 2031. The estimated size of the global homeware market was USD 1415251.2 million. In North America, Economic variables that influence consumer spending on homeware products include GDP growth, consumer income levels, employment rates, and interest rates. Consumers typically have more discretionary money during times of economic expansion, which encourages them to spend more on household items. With the biggest market share was home décor. Demand for sustainable home design elements is rising due to consumers' increasing preference for eco-friendly products.

• According to Cognitive Market Research, the US had a major share in the Homeware market with a market size of USD 446653.28 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's growing expenditures in cutting-edge technologies and their emphasis on providing a simple online shopping experience. 
• The Canada Homeware market had a market share of USD 67932.06 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's rising due to an increase in renters, mainly young families and couples searching for affordable home décor products.
• The Mexico Homeware market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 51515.14 million in 2024.

 

Asia Pacific Homeware Market

According to Cognitive Market Research, The homeware market in Asia Pacific accounted for around 23% of the worldwide revenue, with a market size of USD 325507.78 million in 2024. The market is expected to increase at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. The anticipated size of the global homeware market is USD 1415251.2 million. The Asia Pacific region is experiencing growth, Product kinds that are in demand are influenced by changes in consumer behavior and lifestyle preferences. Home office furniture, electronics, and exercise equipment have become increasingly popular due to trends like remote working, emphasis on health and wellbeing, and growing attention on home entertainment. An important chunk of the market is occupied by homeware stores. As the market for furniture and other décor goods has grown, homeware stores have developed to meet the wide range of needs of customers.

• According to Cognitive Market Research, the China Homeware market size was valued at USD 146478.50 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Homeware sales surge in China due to the nation's the rise in construction, remodelling, and renovation activities.
• The Japan Homeware market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 44920.07 million in 2024.
• The India Homeware market had a market share of USD 39060.93 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's the increased emphasis on research and development (R&D) activities.
• The South Korea Homeware market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 32550.78 million in 2024.
• The Australia Homeware market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 16926.40 million in 2024.
• The South East Asia Homeware market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 22460.04 million in 2024.
• The Rest of Asia Pacific Homeware market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 23111.05 million in 2024.

South America Homeware Market

According to Cognitive Market Research, the homeware market in Latin America accounts for over 5% of worldwide revenue, with a market size of USD 70762.56 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The estimated size of the global homeware market is USD 1415251.2 million. Homeware sales, in Latin America are experiencing growth due to the regions emphasis on Trends in fashion and design have a big impact on what consumers want in home goods. The need for modern or fashionable home furnishings among consumers is driven by shifts in interior design styles, color palettes, and materials, which also influence product innovation. The homeware market is changing as a result of technological innovations including energy-efficient appliances, home automation systems, and smart home devices. Modern homeware solutions are in high demand as consumers' desire in products that provide efficiency, convenience, and connectivity grows.

• According to Cognitive Market Research, the Brazil Homeware market size was valued at USD 30286.38 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Homeware sales flourish in Brazil due to the nation's growing propensity to seek out products that match the newest design trends.
• The Argentina Homeware market had a market share of USD 11888.11 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's the increasing number of commercials and showcases of fashionable homes.
• The Colombia Homeware market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 6297.87 million in 2024.
• The Peru Homeware market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 5802.53 million in 2024.
• The Chile Homeware market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 5094.90 million in 2024.
• The Rest of Latin AmericaHomeware market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 11392.77 million in 2024.

Middle East and Africa Homeware Market

According to Cognitive Market Research, the Middle East and Africa accounted for the largest share of the worldwide homeware market, accounting for about 2% of total revenue. The estimated size of the global homeware market is USD 1415251.2 million. The market is expected to develop at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031, with a projected value of USD 28305.02 million. MEA experiences growing customer concerns in the homeware business are related to sustainability and environmental protection. Energy-efficient appliances, recyclable goods, and eco-friendly materials are growing in popularity as more people look for environmentally friendly home furnishings.The popularity of omnichannel shopping experiences and the growth of e-commerce are two changes in retail channels that are having an effect on how homeware products are sold, distributed, and marketed.

• According to Cognitive Market Research, the GCC Countries Homeware market size was valued at USD 12114.55 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Homeware sales flourish in the GCC Countries due to the region's strategic investments rising purchasing power.
• The Egypt Homeware market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 2972.03 million in 2024.
• The South Africa Homeware market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 4472.19 million in 2024.Homeware sales flourish in the South Africa due to the region's strategic advent of e-commerce.
• The Turkey Homeware market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 2434.23 million in 2024.
• The Nigeria Homeware market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 2972.03 million in 2024.
• The Rest of MEA Homeware market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 3339.99 million in 2024.

Homeware Market Analysis

Homeware Product type Segment Analysis

According to Cognitive Market Research, Home Decoration held the major market share over the forecast period. The market for sustainable home decor goods is expanding as consumers' preferences for eco-friendly products develop. The development of the real estate industry and customers' growing discretionary incomes have also increased demand for home décor items as they look for personalized options that fit their lifestyles.

Furniture is the fastest-growing category over the forecast period. The need for creative furniture solutions is being pushed by the growing desire for smart furniture and multifunctional, technology-driven pieces, especially in smaller living areas. Additionally, consumers are influencing the furniture market by expressing a preference for products manufactured from recycled materials and sustainable sourcing, which is a result of the trend towards eco-friendly and sustainable designs in home decor products.

• Home Decoration 
• Furniture 
• Soft Furnishings 
• Kitchenware 
• Home Appliances 
• Lighting 
• Storage and Flooring 
• Bathroom Accessories and Cleaning 
• Tableware 
• Hardware Tools

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Homeware Industry. Request a Free Sample PDF!

Homeware Application Segment Analysis

According to Cognitive Market Research, Residential hold a prominent market share. The increasing need for residential dwellings and flats as a result of urbanization has increased the number of households and their need for a variety of home ware products, including kitchenware, appliances, furniture, lighting fixtures, and home décor items.

Commercial is the fastest-growing category over the forecast period. The need for home ware products to improve spaces and create welcoming surroundings for patrons and staff is expanding in the commercial sector, which includes hotels, restaurants, offices, and other enterprises. Further driving the demand for commercial home ware goods is the trend of integrating visually beautiful and practical home ware items in commercial settings.

• Residential 
• Commercial

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Homeware Distribution channel Segment Analysis

According to Cognitive Market Research, Homeware Stores hold a prominent market share. The increasing need for furniture and other home décor items has resulted in the growth of home ware stores to meet the varying demands of customers. The home ware industry's emphasis on sustainability and eco-friendly items has led to the opening of home ware stores that provide eco-friendly solutions in order to draw in customers who value environmental credentials while making purchases.

Franchised Stores are the fastest-growing category over the forecast period. Franchised stores draw entrepreneurs wishing to enter the homeware market with the backing and experience of an established brand since they provide a tested business plan and well-known brand. Furthermore, franchised stores gain from the franchisor's joint marketing initiatives and operational assistance, which helps them reach a larger clientele and successfully compete in the market.

• Homeware Stores 
• Franchised Stores 
• Departmental Stores 
• Online 
• Specialty Store

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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