Reportstack has announced a new market research report on the Global Home Furnishing Market 2015-2019, which is expected to grow at a steady CAGR of 5.46 percent during the period 2014-2019.
Home furnishings are often considered a status symbol by upper class households who prefer buying designer and elite furniture, floor coverings, and textiles to match their status in society rather than for its utility. This is seen when it comes to carpets, curtains, table coverings, high-end luminaries, and other decorative products. Several factors such as increasing preferences for premium or luxury home furnishing products compared to traditional products, increases in household disposable incomes, and rapid globalization are contributing to the growth of the market.
“Growing environmental consciousness and concern for a healthy and green environment has led to increased demand for eco-friendly furniture and other furnishings,”.
“Some vendors manufacture a wide range of highly esthetic quality furniture using only Moso bamboo, which is stronger and harder than oak.”
Key Market Drivers
Rise in Globalization
Growing Real Estate Industry
Increase in Demand for Luxury Home Furnishings
Multifunctional Furniture in Demand
Key Market Trends
Highly Organized Retail Penetration
Increasing Influence of Interior Design
Increase in Demand for Eco-friendly Furnishings
Key Market Vendors
Bed Bath & Beyond Inc.
Walmart Stores Inc.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To access full report with TOC, please visit Global Home Furnishing Market 2015-2019.