Global Home Furnishings and Floor Coverings Market by Type (Home Furnishings, Floor Coverings), By Application (Household, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Home Furnishings And Floor Coverings Market size is projected to grow at a CAGR of 4.2% from 2021 to 2028. The demand for home furnishings and floor coverings will be fueled by the increasing population and disposable income in emerging economies across the globe, especially China and India. North America currently dominates the global market with its share accounting for 39% of total revenue generated in 2018.
Home Furnishings are the products that a household or apartment will use for its living, personal comfort, and enjoyment. This includes furniture such as sofas, tables, and chairs; lighting fixtures like lamps and chandeliers; housewares like dishware, cookware, glasses, and many other items to furnish their home. Floor Coverings can be of different types including carpets, rugs (both natural fibers), hardwood flooring, etc. Its scope may include upholstery fabrics used in furnishing pieces such as couches or armchairs but could also encompass all sorts of wall coverings from wallpaper to paper-based melamine panels on ceilings.
Home furnishings are used to decorate the interior of a house, such as sofas. They can be made out of different materials like fabric, wood, or metal. Floor coverings refer to floor surfaces that cover an area on which people walk. The main types of floors available are carpet, parquet, and laminate flooring. Carpet is most commonly used because it provides sound reduction and insulation from noise; however, carpets must be replaced every few years due to wear-and-tear or dirt buildup. Tiles come in various shapes (square tiles) sizes (twelve by twelve-inch square tiles). It has a very low life expectancy compared to other floor coverings.
On the basis of Type, the market is segmented into Home furnishings and Floor coverings.
Home Furnishings:
A home furnishing is any movable object that has been designed for use in a private household. Furnishings are generally defined as tangible goods including furniture, floor coverings, and curtains. Some furnishings such as windows (window dresser) or doors (door frame), even if not permanent parts of the structure itself, may be considered part of the house's interior decoration because they have aesthetic value to people living there. These objects create a sense of space and comfort by providing an appropriate background for everyday life. In order to function well, many types require more than one person’s input: design professionals like architects and designers; manufacturers who specialize in certain materials; artisans who work with wood, stone, or metals on their own.
Floor coverings:
Floor coverings are materials laid on the floor for decoration or protection. The term broadly covers carpets, rugs, and mats of various thicknesses and types; linoleum; vinyl sheeting (to protect wood floors); carpet tiles that can be arranged in many patterns; stone, marble, granite, or slate tiles (in bathrooms) to make a mosaic design patterned with circles, squares or other shapes. In addition to protecting against water damage from rainwater leaking through roof gutters into buildings during storms as well as trapping heat inside when installed over concrete floor slabs in winter months.
On the basis of Application, the market is segmented into Household and Commercial. The commercial segment is expected to be the fastest-growing segment of the home furnishings and floor coverings market. The Household market includes the supply of home furnishings to households. This segment is sub-segmented into furniture, carpets/rugs, and floor coverings which are used in homes for various purposes such as furnishing, flooring, or decoration.
Carpets/rugs: Carpet refers to a woven cloth that covers the surface of a room's floors like an area rug; a mat made from natural fibers (e.g., wool) or synthetic materials often with no backing on one side; rugs are typically smaller than carpets but larger than mats, usually measuring anywhere between 60 cm x 50 cm up to 120cm x 180cm. FLoorcovering refers to any materials to the covering of a floor with material such as carpet, linoleum, or wood for decoration.
Shower curtains: Showers are an important part of bathrooms and toilet rooms in any private household because showers usually use water from mains supply systems which are cooled by water heaters. In general, shower entrances offer privacy while showerheads provide a flow of warm/cold and clean/dirty water on demand without the need to fill up tubs with hot tap water each time. A curtain is usually used in front and around it so that one can take a bath or shower at their own discretion.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In this region, the leading countries are China, Japan, and India as they account for more than 78% of the total population in Asia. Also, the economic development is quite high in these three countries as compared to other Asian countries which can be seen with their GDP per Capita (PPP).
North America was the leading region owing to the presence of a large number of retailers for home furnishings products as well as high-income population combined with strong demographic profile leading people towards purchasing durable goods like kitchen appliances or carpets that are expensive in other regions around it. Europe leads with a share of over 33% due to its high-income population combined with a strong demographic profile leading people towards purchasing durable goods like kitchen appliances or flooring materials like carpets that are more expensive than other regions around it.
Growth Factors for The Global Home Furnishings And Floor Coverings Market:
The global market for home furnishings and floor coverings is expected to increase, primarily driven by population growth in emerging economies. In addition to the growing middle class worldwide (increasing demand), other factors driving this industry are rapid urbanization, which leads to a need for better living accommodations; environmental awareness; increasing disposable income of consumers in developing countries with an expanding middle-class base; and changing lifestyles that are leading people towards more indoor activities. These factors have led to higher spending on furniture and accessories while also providing opportunities for innovation among suppliers. The Asia-Pacific region will experience significant growth during the forecast period due to its large populations as well as rising discretionary incomes from increased participation in the formal workforce coupled with low initial investment requirements. The U.S., China, Indonesia, and Brazil are the top four countries in terms of total furniture spending as a percentage of GDP among developing markets.
Up Market Research published a new report titled “Home Furnishings and Floor Coverings Market research report which is segmented by Types (Home Furnishings, Floor Coverings), By Applications (Household, Commercial), By Players/Companies IKEA, Ashley Furniture Industries, Shaw Industries, Mohawk Industries, Milliken”.
Report Scope
Report Attributes | Report Details |
Report Title | Home Furnishings and Floor Coverings Market Research Report |
By Type | Home Furnishings, Floor Coverings |
By Application | Household, Commercial |
By Companies | IKEA, Ashley Furniture Industries, Shaw Industries, Mohawk Industries, Milliken |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 247 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Home Furnishings and Floor Coverings Market Report Segments:
The market is segmented by Type Home Furnishings, Floor Coverings and By Application Household, Commercial.
Some of the companies that are profiled in this report are:
- IKEA
- Ashley Furniture Industries
- Shaw Industries
- Mohawk Industries
- Milliken
Home Furnishings and Floor Coverings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Home Furnishings and Floor Coverings Market
Overview of the regional outlook of the Home Furnishings and Floor Coverings Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Home Furnishings and Floor Coverings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Home Furnishings and Floor Coverings Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Home Furnishings
2. Floor Coverings
7. By Application:1. Household
2. Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Furnishings and Floor Coverings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Home Furnishings and Floor Coverings Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Furnishings and Floor Coverings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Furnishings and Floor Coverings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Furnishings and Floor Coverings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Furnishings and Floor Coverings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Furnishings and Floor Coverings Market Size & Forecast, 2018-2028
4.5.1 Home Furnishings and Floor Coverings Market Size and Y-o-Y Growth
4.5.2 Home Furnishings and Floor Coverings Market Absolute $ Opportunity
Chapter 5 Global Home Furnishings and Floor Coverings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Furnishings and Floor Coverings Market Size Forecast by Type
5.2.1 Home Furnishings
5.2.2 Floor Coverings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Furnishings and Floor Coverings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Furnishings and Floor Coverings Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Furnishings and Floor Coverings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Furnishings and Floor Coverings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Furnishings and Floor Coverings Analysis and Forecast
9.1 Introduction
9.2 North America Home Furnishings and Floor Coverings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Furnishings and Floor Coverings Market Size Forecast by Type
9.6.1 Home Furnishings
9.6.2 Floor Coverings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Furnishings and Floor Coverings Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Furnishings and Floor Coverings Analysis and Forecast
10.1 Introduction
10.2 Europe Home Furnishings and Floor Coverings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Furnishings and Floor Coverings Market Size Forecast by Type
10.6.1 Home Furnishings
10.6.2 Floor Coverings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Furnishings and Floor Coverings Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Furnishings and Floor Coverings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Furnishings and Floor Coverings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Furnishings and Floor Coverings Market Size Forecast by Type
11.6.1 Home Furnishings
11.6.2 Floor Coverings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Furnishings and Floor Coverings Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Furnishings and Floor Coverings Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Furnishings and Floor Coverings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Furnishings and Floor Coverings Market Size Forecast by Type
12.6.1 Home Furnishings
12.6.2 Floor Coverings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Furnishings and Floor Coverings Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Furnishings and Floor Coverings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Furnishings and Floor Coverings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Furnishings and Floor Coverings Market Size Forecast by Type
13.6.1 Home Furnishings
13.6.2 Floor Coverings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Furnishings and Floor Coverings Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Furnishings and Floor Coverings Market: Competitive Dashboard
14.2 Global Home Furnishings and Floor Coverings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IKEA
14.3.2 Ashley Furniture Industries
14.3.3 Shaw Industries
14.3.4 Mohawk Industries
14.3.5 Milliken