TechNavio recognizes the following companies as the key players in Global Homewares Market: Bed Bath & Beyond Inc., IKEA International Groups, Lowe’s Companies Inc., and Metro AG.
Commenting on the report, an analyst from TechNavio’s team said: “The Homewares market in emerging countries such as in the APAC region and the MEA is expected to grow at a rapid pace during the forecast period. Countries such as Brazil, Russia, India, and China offer outstanding opportunities for vendors providing homewares. These countries have witnessed remarkable economic growth in recent years. Therefore, large sections of the population in these countries have progressed from the poverty level into the middle class and people in this segment have enough money to spend on homeware products to decorate their homes. Thus, the increasing demand for homeware products from emerging economies is a major trend that is expected to lead the growth of the Global Homewares market during the forecast period.”
According to the report, the Global Homewares market has several drivers contributing to its growth, one such being increasing household disposable incomes. The per capita spending of consumers has risen significantly in recent years owing to the growth of the global economy.
Further, the report states that one such challenge hindering the growth of the market is the low brand loyalty of consumers. Consumers have low brand loyalty toward a particular retailer as they are price conscious and because of the presence of numerous homeware products in the market and low product differentiation.
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. For further information on this report, please visit https://www.technavio.com/report/global-homewares-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Homewares Market 2014-2018
