Global Home Furnishings And Floor Coverings Market Size, Drivers, Trends, Opportunities And Strategies – Includes Home Furnishings And Floor Coverings Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing online shopping demand is expected to drive innovation in the manufacturing of home furnishings and floor coverings, driving the market during the forecast period.
The global home furnishings and floor coverings market is expected to grow from $117.31 billion in 2022 to $125.7 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The home furnishings and floor coverings market is expected to grow to $160.05 billion in 2027 at a CAGR of 6.2%.
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Global Home Furnishings And Floor Coverings Market Segments Include:
- By Type: Home Furnishings, Floor Coverings
- By Price Point: Mass, Premium
- By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Other Distribution Channels
- By Application: Household, Commercial
- Subsegments Covered: Curtains, Bed Spreads, Towels-Home Furnishings, Other Home Furnishings, Carpets And Rugs, Mats
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global home furnishings and floor coverings market in 2021.
Major Market Players in the home furnishings and floor coverings market include Mohawk Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Tarkett S.A, Masco Corporation.
Manufacturers of home furnishings and floor coverings are embracing digital printing technology to reduce operational costs. This technology reduces sampling time and water consumption. It is also thought to be a more environmentally friendly alternative to traditional home furnishings and floor coverings. Epson, Bordeaux Digital PrintInk, and Fratelli Robustelli S.r.l. are among the companies that provide digital printing technologies. According to a Textile World magazine report, digital printing technologies were used to print 870 million square metres of fabric worth $1.29 billion in order to shorten lead times, customise home decorations, improve design aesthetics, and reduce costs.
The Home Furnishings And Floor Coverings Global Market Report 2023 provides a home furnishings and floor coverings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The home furnishings and floor coverings market forecast analyzes home furnishings and floor coverings market size, home furnishings and floor coverings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Home furnishings and floor coverings refer to the furnishings of a room or house, which include furniture, drapes, carpets, and accents such as artwork, whereas “floor covering” refers to something used to cover the floor of a room, such as a carpet.
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