The Home Furnishings And Floor Coverings Global Market Report 2023 by The Business Research Company, provides home furnishings and floor coverings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Home Furnishings And Floor Coverings Global Market Report 2023, the market size is expected to grow from the home furnishings and floor coverings market size has grown strongly in recent years. It will grow from $125.86 billion in 2023 to $134.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to housing market trends, consumer lifestyle changes, economic conditions, demographics.The home furnishings and floor coverings market size is expected to see strong growth in the next few years. It will grow to $174.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
Increasing demand for online shopping is expected to help the home furnishing and floor coverings market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the home furnishing and floor coverings manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of home furnishing and floor coverings by giving larger exposure to producers who were confined to one geography.
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The home furnishings and floor coverings market is segmented:
1) By Type: Home Furnishings, Floor Coverings
2) By Price Point: Mass, Premium
3) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Other Distribution Channels
4) By Application: Household, Commercial
Home furnishings and floor coverings manufacturers are adopting digital printing technology to cut down on operational expenditures. This technology lowers sampling process time and water consumption. It is also considered to be an eco-friendly alternative to traditional home furnishings and floor coverings. Some of the companies offering digital printing technologies include Epson, Bordeaux Digital PrintInk, and Fratelli Robustelli S.r.l. According to a report by Textile World magazine, 870 million square meters of fabric worth $1.29 billion were printed using digital printing technologies to shorten lead times, customize home decorations, improve design aesthetics and reduce costs.
The home furnishings and floor coverings market report table of contents includes:
1. Executive Summary
2. Home Furnishings And Floor Coverings Market Characteristics
3. Home Furnishings And Floor Coverings Product/Service Analysis -Product/Service Examples
4. Home Furnishings And Floor Coverings Market Trends And Strategies
5. Home Furnishings And Floor Coverings Market – Macro Economic Scenario
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26. Germany Home Furnishings And Floor Coverings Market
27. France Home Furnishings And Floor Coverings Market
28. Italy Home Furnishings And Floor Coverings Market
29. Spain Home Furnishings And Floor Coverings Market
30. Austria Home Furnishings And Floor Coverings Market
Top Major Players:
- Mohawk Industries Inc
- Ashley Furniture Industries Inc.
- Berkshire Hathaway Inc
- Tarkett SA
- Masco Corporation
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