Homeware Products Market was valued at $1,395.73 billion in 2020, and is estimated to reach $2,028.68 billion by 2030, registering a CAGR of 5.20% from 2022 to 2030.
Homewares products comprise a range of easily replaceable and transportable things, including beds, sofas, air conditioners, refrigerators, microwaves, and other items for home decoration. Furniture, household appliances, cookware, lighting systems, and other bathroom accessories are all considered homewares. Dynamic lifestyle changes and a sharp increase in the proportion of working women have raised household income and raised living standards. These characteristics are significantly affecting the growth of the home goods sector. Due to the husband and wife’s hectic schedules at work, they have less time to accomplish domestic tasks and take care of themselves. As a result, more people are buying smart and innovative home appliances for ease and comfort at home.
Urbanization growth has increased the demand for apartments and single-family homes, which is predicted to result in an increase in the number of families, which in turn increases the need for a variety of homewares items, including furniture, lighting, soft furnishings, and home décor.
The expansion of the homewares market has been adversely impacted by the COVID-19 pandemic epidemic. Homegoods sales have significantly decreased as a result of the disrupted distribution system, which has also negatively impacted export and import activity. Additionally, the pandemic has had a particularly negative influence on industrial activities, which has hampered the expansion of the home goods sector.
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Major Players in Homeware Products market are:
Avon Products
Inter Ikea Systems
Pacific Market International
Conair Corporation
International Cookware
Zepter International
Tupperware Brands Corporation
SEB
Libbey
Lock & Lock
ARC International
The Oneida Group
Most important types of Homeware Products products covered in this report are:
Home Decoration
Furniture
Soft Furnishings
Kitchenware
Home Appliances
Most widely used downstream fields of Homeware Products market covered in this report are:
Residential
Commercial
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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