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Global Furniture and Home Furnishings Stores Report 2021: A $480+ Billion Market - COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

·4-min read

DUBLIN, September 24, 2021--(BUSINESS WIRE)--The "Furniture and Home Furnishings Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global furniture and home furnishings stores market is expected to grow from $372.83 billion in 2020 to $404.7 billion in 2021 at a compound annual growth rate (CAGR) of 8.5%. The market is expected to reach $481.11 billion in 2025 at a CAGR of 4%.

Major companies in the furniture and home furnishings stores market include Ashley Furniture Industries; Heritage Home Group; Herman Miller; Inter IKEA Systems and Steelcase.

The furniture and home furnishings stores market consists of sales of furniture and home furnishings by entities (organizations, sole traders and partnerships) 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 furniture and home furnishings stores market is segmented into furniture stores and home furnishings stores.

North America was the largest region in the global furniture and home furnishings stores market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 34% of the global furniture and home furnishings stores market. Africa was the smallest region in the global furniture and home furnishings stores market.

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 customer experience. IKEA, a Swedish multinational company, has launched an AR catalog application which allows customers to see how certain items of furniture would look in your home. Consumers can virtually visualize how these pieces will look and fit in their home 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.

The furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers and building loyalty, data has become critical for most retail operations.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Furniture And Home Furnishings Stores Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Furniture And Home Furnishings Stores Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Furniture And Home Furnishings Stores Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Furniture And Home Furnishings Stores Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Furniture And Home Furnishings Stores Market Trends And Strategies

8. Impact Of COVID-19 On Furniture And Home Furnishings Stores

9. Furniture And Home Furnishings Stores Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers Of The Market

9.2.2. Restraints On The Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers Of The Market

9.3.2. Restraints On The Market

10. Furniture And Home Furnishings Stores Market Regional Analysis

10.1. Global Furniture And Home Furnishings Stores Market, 2020, By Region, Value ($ Billion)

10.2. Global Furniture And Home Furnishings Stores Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region

10.3. Global Furniture And Home Furnishings Stores Market, Growth And Market Share Comparison, By Region

11. Furniture And Home Furnishings Stores Market Segmentation

11.1. Global Furniture And Home Furnishings Stores Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Furniture Stores

  • Home Furnishings Stores

11.2. Global Furniture And Home Furnishings Stores Market, Segmentation By Ownership, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Retail Chain

  • Independent Retailer

11.3. Global Furniture And Home Furnishings Stores Market, Segmentation By Type of Store, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Exclusive Retailers/Showroom

  • Inclusive Retailers/Dealer Store

12. Furniture And Home Furnishings Stores Market Metrics

12.1. Furniture And Home Furnishings Stores Market Size, Percentage Of GDP, 2015-2025, Global

12.2. Per Capita Average Furniture And Home Furnishings Stores Market Expenditure, 2015-2025, Global

Companies Mentioned

  • Ashley Furniture Industries

  • Heritage Home Group

  • Herman Miller

  • Inter IKEA Systems

  • Steelcase

For more information about this report visit https://www.researchandmarkets.com/r/rjspft

View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005374/en/

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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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