Home Furnishings

Amidst several policy changes impacting the economy, home furnishings continues to benefit from Filipinos’ increasing household goods spending. The residential property market shows no signs of waning and it is even expanding towards the provinces. ...

There is an increasing number of new homeowners who take pride in their home interior design. They are design-savvy homeowners who are willing to splurge on furniture to create their ideal homes. These homeowners often hunt for individual items from ...

The openings for imports that the government has been promoting since 2015 had a strong impact on the domestic production and sales of home furnishings. In addition, the recession in the second half of 2018 meant that the purchase of new furniture ...

Growth in retail sales of home furnishings has partially recovered from consecutive drops during the economic crisis from 2015 to 2016 and a subsequently weak 2017 period. The much-awaited economic rebound was set to support a yet timid upturn ...

In 2018, home furnishings continued to record strong current value growth, with sales boosted by the ongoing recovery of the property market following the economic crisis. Good access to credit and an overall improvement in their financial situation ...

Italy is one of the most important hubs worldwide for design products, including furniture, light fixtures and textiles. The country has a large number of start-ups, which are looking to combine the latest design trends with technology and smart home...

Home furnishings recorded a positive current value performance in 2018, but saw the weakest growth since 2014. The ongoing positive economic conditions in the Netherlands in 2018 boosted sales of home furnishings, but the depressed housing market ...

Infrastructure expansion in the United Arab Emirates has accelerated, with higher levels of occupancy in residential apartments, resulting in an increase in demand for indoor furniture, which is in line with the upcoming World Expo 2020 being held in...

According to the Demographia International Affordability Study in 2018, Hong Kong has been ranked as the world’s most expensive housing market for the ninth consecutive year. This means it would take general consumers an average of 21 years to save ...

Home furnishings in Indonesia was still attractive to players in 2018, due to the increasing number of households. Year-on-year, the number of urban households is increasing – accounting for more than half of the total households in Indonesia. The ...

While LED lighting has become popular in Japanese homes, smart LED, or connected LED, has not. Japanese consumers have not generally embraced the concept of smart homes, with many not owning major smart devices such as smart speakers. The ...

Based on data from Asociación Mexicana de Profesionales Inmobiliarios (AMPI), the residential sector was one of the most important areas of the construction industry in Mexico in 2018. During 2018, new residential developments in Nuevo León, Jalisco,...

The decline in housing, real estate and construction market in France did no favour for home furnishings in 2018. End of the year saw negative impact from social movement ‘gilets jaunes’ which encourages many consumers to collectively curtail ...

Consistent growth in home furnishings is leading to changes in traditional business territories. Hanssem began to provide a home interiors consulting service through Rehaus from 2016, and Ikea started to offer a home interiors consulting service from...

In 2018, LED lamps continued to grow rapidly in the Australian market. With many house renovations happening all around the country, consumers have continued to adopt the LED technology due to its longevity and energy-saving capabilities. The ...

Home furnishings continued growing in the UK in 2018 and is expected to maintain its momentum throughout the forecast period. The uncertainty in the housing market has led consumers to put purchases of new properties on hold. Younger adults (or ...

Home furnishings in Russia recorded stable current value growth in 2018, remaining in line with the performance of 2017. Postponed demand and a focus on value for money by local consumers remained the major trends, reflecting the general sluggish ...

A widely documented trend in 2018 was the ongoing shift from store-based to online sales. This is leading to the widespread implementation of omnichannel strategies to foster seamless integration across physical and online sales channels. However, ...

Real GDP growth increased in Taiwan in 2018, and this is expected to continue in 2019. The number of registered buildings also grew slightly in 2018. Yet, the short-term recovery paused in May 2018 due to the upcoming local elections in November. ...

The housing market continues to break records for numbers of newly built flats and houses. Growth is being stimulated by a relocation of savings from bank accounts to properties. Statistics suggest that the majority of purchases are being completed ...