Furniture And Home Furnishings Stores Market Overview: Market Size, Major Drivers And Trends
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
The global furniture and home furnishings stores market grew from $438.79 billion in 2022 to $471 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The furniture and home furnishings stores market is expected to grow to $602.42 billion in 2027 at a CAGR of 6.3%.
Furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management.
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Major Market Players in the furniture and home furnishings stores market include Inter Ikea Holding B.V., The Home Depot, Bed Bath & Beyond, Nitori Holdings Co. Ltd., Williams-Sonoma Inc., Steinhoff International Holdings N.V., Berkshire Hathaway.
Augmented reality (AR) and virtual reality (VR) empower the customer experience by letting them connect to the product with interactive and personalized options. While AR is a real-time integration of digital information with the user’s environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. This allows the customers to understand the experience of owning a product. Furniture and home furnishings companies should consider using virtual reality technology to enhance the customer experience. IKEA, a Swedish multinational company, has launched an AR catalogue application that allows customers to see how certain items of furniture would look in their home. Consumers can virtually visualize how these pieces will look and fit in their homes according to the product’s dimensions. Indian players such as Pepper Fry have also started using AR technology to show users how certain products will look in their home through their mobile application.
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Global Furniture And Home Furnishings Stores Market Segments Include:
1) By Type: Furniture Stores, Home Furnishings Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store
The Furniture And Home Furnishings Stores Global Market Report 2023 provides an overview of the furniture and home furnishings stores market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The furniture and home furnishings stores market forecast analyzes furniture and home furnishings stores market size, furniture and home furnishings stores market share, leading competitor and their market positions.
Furniture and home furnishings stores are stores that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products.
The Table Of Content For The Furniture And Home Furnishings Stores Market Include:
1. Furniture And Home Furnishings Stores Market Executive Summary
2. Furniture And Home Furnishings Stores Market Segments
3. Furniture And Home Furnishings Stores Market Size And Furniture And Home Furnishings Stores Market Growth Rate
4. Key Furniture And Home Furnishings Stores Market Trends
5. Major Furniture And Home Furnishings Stores Market Drivers
……
25. Key Mergers And Acquisitions In The Furniture And Home Furnishings Stores Market
26. Top Furniture And Home Furnishings Stores Companies
27. Furniture And Home Furnishings Stores Market Opportunities And Strategies
28. Furniture And Home Furnishings Stores Market, Conclusions And Recommendations
29. Appendix
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