The Key Players in Global Home Furnishings Market 2016-2020

Thursday 31 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Home Furnishings Market: Bed Bath & Beyond, IKEA, Macy’s, and Walmart.

Other Prominent Vendors in the market are: 9to5 Seating, Amazon, ATG Stores, Berco Furniture Solution, Clarin, Carrefour, Costco Wholesale, Creative Wood, Godrej & Boyce, HNI, Herman Miller, Godrej & Boyce, J.C. Penney, KI, Knoll, Steinhoff International, Target, Tesco, and Wayfair.

Commenting on the report, an analyst said: “Increase in consumer income levels, increased media penetration, and awareness of the artistry of different regions worldwide have resulted in consumers seeking furnishings and unique designer d?cor products that are in keeping with the latest interior design trends.”

According to the report, the growing significance of home d'cor has led consumers to seek unique and designer home furnishings. Consumers are opting for luxury brands because of economic growth and an increase in disposable income. High-end furnishings are considered status symbols by upper-class households, who prefer buying designer furniture, floor coverings, and textiles. Consumers are also opting for premium products for their home offices.

Further, the report states that the processes involved in the back-end operations of supply chain management are very complex in the global furniture market. The varying transportation costs in different regions also hinder vendor operations. Many of the furniture manufacturers operate globally and are exposed to varying costs of fuel, taxes, duties and fees, and government policies. All these additional cost factors eat into the profits of vendors, affecting overall market revenue.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.