Global Home Furnishing Market to grow by 5.85% within 2018 |
Posted: May 27, 2014 |
Mumbai, India – May 26, 2014 – According to industry statistics on Global Home Furnishing Market it has been expected that this industrial sector would be growing at a CAGR of about 5.85% between the years of 2013 and 2018. However, one of the major challenges faced by this market is in the form of complications in the processes of supply chain management.
The world home furnishing market is thriving due to the rapid pace of smart globalization. Consumers are motivated to invest in enhancing their residential interiors with floor coverings, furniture and household textiles. Apart from being a bare necessity which enables man to sit, sleep and eat with its assistance, today furniture is increasingly being utilized for embellishing homes, as decorative items! Metal, wood and plastic are generally employed to manufacture various types of home furniture. The household textiles include window shades, carpets, table covers, bedding and so on, made with the aide of woven clothes.
Significant Home Furnishing Markets Four main market regions are dominated by the global home furnishing markets which comprise the Unites States, Europe, MEA or Middle East and Africa. Besides these regions, the regions of APAC or Asia-Pacific are also experiencing a steady economic growth in the field of this segment.
Key Gainers of Home Furnishing Market There are various reputed vendors of home furnishing market which include Wal-Mart Stores Inc., Bed Bath & Beyond Inc., Carrefour SA, DCM Holdings Co. Ltd., Fred Meyer Inc., Future Group, Kingfisher plc, Lifestyle International Pvt. Ltd., Leroy Martin SA, Marks & Spencer Group plc, Shoppers Stop Ltd., Wm Morrison Supermarkets plc, TJX Companies Inc. and many more.
Overall Market Outlook The global home furnishing industry appears quite successful particularly in the regions of MEA, APAC, US and Europe. This has been possible mainly due to the improvement and growth in the system of organized retail alongwith a consistently rising urban population.
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