How will the Global Homewares Market Expand Until 2031?
Europe is expected to capture the highest share in the homewares market due to large number of timber industries and high living standards of people. Europe is followed by North America due to similar economic conditions. Contributing factors to market growth are rising infrastructural facilities across the globe, changing residential facilities, and availability of less living space due to rising population. Rising investments by manufacturers for the establishment of new products that utilize less space and give an aesthetic appeal to the house is being seen. These variables have a significant impact on the markets development. For detailed insights on enhancing your product footprint, request for a sample here  https://www.factmr.com/connectus/sample?flag=S&rep_id=241  According to the latest revised report by Fact.MR, the sales of Homewares is estimated to reach a market value of over US$ 200 Bn by the end to 2031, and is expected to expand at a CAGR of more than 5% during the forecast period. Key Trends of Homewares Market  Among the products, home dcor holds a major market share, which is expected to contribute more than 19% revenue by the end of the projected period. On comparing home dcor and furniture under products, home dcor is estimated to have a market value of more than US$ 35 Bn, while furniture holds the second-largest share and is expected to reach US$ 36.4 Bn by 2031. On the basis of distribution channel, departmental stores grab the largest share and are expected to expand at a CAGR of over 6% through 2031, crossing a market value of US$ 42 Bn. Europe Homewares Market to hold largest market share of approximately 45%. The European market is anticipated to grow around 1.5X from 2021 to 2031. For critical insights on this market, request for methodology here  https://www.factmr.com/connectus/sample?flag=RM&rep_id=241  Key Market Segments Covered  Product Home Decoration Furniture Soft Furnishings Kitchenware Home Appliances Lighting Storage and Flooring Bathroom Accessories and Cleaning Tableware Hardware  Distribution Channel Homeware Stores Franchised Stores Specialty Stores Departmental Stores Online    For in-depth competitive analysis, buy now  https://www.factmr.com/checkout/241  Winning Strategy  Key market players are experimenting with customer engagement strategies. It has been observed that instead of sales pitches, companies are pitching for experience and experimenting with designs. In fact, companies are also integrating AR/VR technology to provide a rich experience to customers, wherein, any typical smartphone can be used to experience the aesthetics of the house if the selected homeware product is placed in front of the camera. Read More Trending and Similar Reports from Fact.MR  https://www.globenewswire.com/en/news-release/2019/08/27/1907103/0/en/Ostomy-Pouches-Account-for-80-of-Global-Spending-on-Ostomy-Care-Finds-Fact-MR.html  About Us:  Market research and consulting agency with a difference! Thats why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range  from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and well be an able research partner. Contact:  US Sales Office:  11140 Rockville Pike  Suite 400  Rockville, MD 20852  United States  Tel: +1 (628) 251-1583  Corporate Headquarter:  Unit No: AU-01-H Gold Tower (AU),  Plot No: JLT-PH1-I3A,  Jumeirah Lakes Towers,  Dubai, United Arab Emirates  Email: sales@factmr.com  Visit Our Website: https://www.factmr.com