- In November 2023, Flannels Home officially launched, representing Flannels' strategic expansion into the home goods market. This new retail venture showcases an exclusive collection of designer houseware pieces from prestigious brands, including Versace and Dolce & Gabbana. By curating high-end products, Flannels Home aims to attract discerning customers seeking luxury and style in their home decor and furnishings
- In March 2023, IKEA announced the closure of all its locations in Russia due to the ongoing conflict in Ukraine, which has disrupted supply chains and created significant operational challenges. The decision reflects IKEA's commitment to corporate responsibility and ethical practices in response to geopolitical issues. As a result, the retailer has shifted its focus to strengthening its presence in other global markets
- In January 2023, Wayfair announced its plans to acquire Joss & Main, a strategic move aimed at enhancing its footprint in the competitive home goods industry. This acquisition is expected to bolster Wayfair’s product offerings and market reach, allowing the company to tap into Joss & Main's unique customer base. The integration of the two brands will likely streamline operations and enhance the overall shopping experience for consumers
- In June 2022, In June 2022, actress Priyanka Chopra launched Sona Home, a new homeware brand developed in collaboration with designer Manish Goyal. The brand features a range of kitchenware and barware that draws inspiration from Indian traditions and aesthetics. With a focus on cultural heritage, Sona Home aims to offer stylish, functional products that celebrate the richness of Indian craftsmanship while appealing to a global audience
- In September 2020, GHETTO GASTRO, a renowned kitchenware manufacturer based in New York, partnered with CRUX and Williams Sonoma Inc. to introduce an innovative smart kitchenware collection in the U.S. This collaboration includes a diverse range of modern kitchen appliances, such as air fryers, blenders, and waffle makers. By blending cutting-edge technology with stylish design, this collection aims to enhance the cooking experience for consumers looking for convenience and efficiency in their kitchens
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Home Decoration, Furniture, Soft Furnishings, Kitchenware, Home Appliances, Lighting, Storage and Flooring, Bathroom Accessories and Cleaning, Tableware, and Hardware Tools), Distribution Channel (Homeware Stores, Franchised Stores, Departmental Stores, Online, and Specialty Stores), Application (Residential and Commercial) – Industry Trends and Forecast to 2031
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The Global Homeware Market size was valued at USD 1.62 USD Billion in 2023.
The Global Homeware Market is projected to grow at a CAGR of 5% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
