1. Market Research
  2. > Home and Office Goods Market Trends
  3. > Home Goods

Home Goods Market Research: Latest Industry Analysis, Trends & Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
12 votes

Global Home Goods Industry

The global home goods industry refers to the manufacture, distribution, and retail of home furniture, household decorative accessories, soft furnishings (draperies and curtains), appliances, cookware and gardening equipment. During the economic recession, the industry was negatively impacted as consumers cut back on non-essential spending, putting off home improvement projects due to lower disposable income.

Home ownership, another important factor contributing to home goods demand is increasing as employment levels rebound. As consumer demand for high-end home goods increases, companies are focusing on high-quality goods to fare better against mass-merchandise outfits.

Technological advancements are offering industry players more innovation, such as point of sale software that allows tighter stock control and boosting of cost efficiency. 

Key Home Goods Market Segments

In the world gardening and outdoor living market, plants, growing media and shrubs represent the leading market segment, at almost 58% of the overall market. The Americas represent around 40% of the global market.

In the world household products industry, textile washing products represent the leading market segment, accounting for almost a third of the overall market. The EU represents in excess of 35% of the global market. Procter & Gamble is the number-one player in the market, generating 15% of overall revenues. The three leading companies account for 28% of the overall market. This highly fragmented industry involves the retail of household products such as dishwashing products, air fresheners, scouring products and furniture polish.

the world household cooking appliance industry is driven by replacement demand, product innovation and increased residential and refurbishment activity in mature nations such as the EU and the US. There is great growth potential in developing nations, where market penetration is currently low and urbanization is rising along with consumer affluence. Demand is set to soar in regions like the Asia-Pacific as urban populations grow and consumers enjoy higher levels of disposable income.

Growth in large household appliance demand is expected to be particularly strong in Africa/Mideast and Latin America due to a rising number of households and higher income levels. China has benefited in the market due to currency exchange rates in its favor, facilitating pricing of goods for the global market. While China concentrates on pricing, US producers compete through technical savvy. Market drivers moving forward will include technical advancements and product innovation.

In the world houseware/tabletop ware market, manufacturers are appealing to wider consumer tastes by diversifying their product portfolios to offer an array of designs and colors. Industry players collaborate with fashion designers to give their crystalware, flatware and dinnerware product lines added style.

The US remains the leading decoration regional market in the world, despite a negative impact from the economic recession after the housing bubble burst, leading to lower new-home construction. As the housing market recovers, houseware demand continues to rebound. Market maturity in the US and the EU is encouraging companies to look to alternative markets with growth potential such as Latin America and Asia.

Global Industry Analysts estimates the world mattress market will reach almost $25 billion by 2017. Innerspring mattresses represent about 80% of the overall mattress market, though demand for specialty mattresses is rising as more affluent consumers, especially in mature markets such as the US, are willing to pay higher prices for extra comfort. The market is expected to record a yearly growth rate of 12% through to 2017.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 5400 reports

Global Home Goods Markets

  • January 2016
    7 pages
  • Home Goods  

  • Europe  

    Russian Federat...  

    France  

View report >

Home Goods Industry in China and the US

  • March 2017
    7 pages
  • Home Goods  

  • China  

    United States  

    Asia  

View report >

Home Goods Markets in Europe

  • February 2016
    5 pages
  • Home Goods  

  • Europe  

    World  

View report >

Home Goods Markets in France

  • January 2015
    68 pages
  • France  

    Europe  

View report >

Home Goods Markets in China

  • September 2015
    5 pages
  • Home Goods  

  • China  

View report >

Home Goods Markets in Australia

  • June 2015
    224 pages
  • Water Supply  

  • Australia  

    Oceania  

View report >

Furniture Market Size

  • March 2017
  • Furniture  

View report >

Furniture Supply in Romania

  • March 2017
    4 pages
  • Furniture  

  • Romania  

View report >

Tableware Industry in the UK - Forecast

  • March 2017
    98 pages
  • Tableware  

    Diamond  

    Silver  

  • United Kingdom  

View report >

Sofa Industry

  • March 2017
    6 pages
  • Sofa  

View report >


About 7700 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 87 - $ 20669)

World Wallpaper Market to 2021 - Market Size, Development, and Forecasts

World Wallpaper Market to 2021 - Market Size, Development, and Forecasts

  • $ 24991
  • Industry report
  • January 2017
  • by Global Research & Data Services

The report package World Wallpaper Market to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for wallpaper in ...

Glass Tableware Market - Global Industry Analysis, Size ...

January 2017 $ 15000

Wallpaper Market In Europe To 2021 - Market Size, Devel ...

January 2017 $ 12223

Tableware

January 2017 $ 8600

Home Retail Series Kitchen Furniture 2016

December 2016 $ 8600

Wallpaper Market In Asia To 2021 - Market Size, Develop ...

January 2017 $ 9962

Wallpaper Market In Eastern Europe To 2021 - Market Siz ...

January 2017 $ 8765

Canada General Surgery Market Outlook To 2023

March 2017 $ 5995

Wallpaper Market In Western Europe To 2021 - Market Siz ...

January 2017 $ 6903

Small Gas Engines Market By Equipment, Engine Displacem ...

March 2017 $ 5650

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.