The global homewares market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Growth in technological advancements in home appliances is attracting consumers to upgrade their home devices with advanced homewares devices. For instance, in August 2021, Signify expanded its Philips Smart Wi-Fi ecosystem in India with the launch of new products under its Wiz smart light range. In addition to the Wiz smart bulb, the portfolio includes a new smart LED downlighter, T-Bulb, T-Beamer, and Batten. Also, the adoption of online sales channels is driving the growth of the homewares market across the globe. People prefer to order online to save transportation time and hustle.
Browse the full report description of “Homewares Market Size, Share &Trends Analysis Report By Product Type (Home Decoration, Furniture, Kitchenware, Home Appliances, Soft Furnishings, Lighting, Bathroom Accessories, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/homewares-market
Online ordering is more convenient as compared to offline retail shopping which contributes to the growth of the global homewares market. Due to increasing online shopping, many companies shifted their business online and introduced mobile applications to make the process easy for consumers. For instance, in May 2021, IKEA launched its shopping app in India, in a bid to expand its omnichannel approach in the country. The IKEA app is available on both platforms iOS and Android and offers 7,000 home furnishing products.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape – F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A., GE Appliances, Inter IKEA Systems B.V., Philips Koninklijke N.V., Tempur Sealy International, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Homewares Market Report Segment
By Type
By Distribution Channel
Global Homewares Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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