Home Furnishings

The furniture retailing industry continued to be impacted by the challenging economic environment in 2019, accompanied by rising unemployment, low disposable incomes and rising debt. With consumer confidence being low and unemployment being high, ...

Increasing urbanisation may represent a threat to furniture sales, as many apartments now come pre-furnished. As a result, consumers may not want to spend a lot of money on a home in which they may not be resident for a long period. In terms of ...

Americans are spending more time than ever in their homes. This is due to an increase in entertaining friends and family in the home, as well as increasing adoption rates of work from home by US employers. As Americans entertain more at home, space ...

Indoor furniture recorded dynamic current value growth in 2017, boosted by the government’s loose fiscal policy, which aimed to stimulate domestic demand. However, starting in early 2018, volume sales dropped sharply, as the Turkish lira started to ...

Based on data from Asociación Mexicana de Profesionales Inmobiliarios (AMPI), the residential sector is one the most important parts of the construction industry in Mexico. The industry continues growing, albeit at a slower rate, which is providing ...

Growth in the number of households, especially smaller ones, is helping to drive sales in home furnishings. According to Euromonitor International economies and consumers annual data, the average household size in India declined between 2014 and ...

While the number of products such as connected LED bulbs is increasing in Japan, the market has yet to fully embrace the concept of the smart home. Japanese consumers’ concerns about privacy and the security of digital information act as an obstacle ...

Home furnishings in Brazil is set to experience a general upturn in sales moving forward supported by improving unemployment levels, a cautiously optimistic economy, and a more buoyant housing market, despite falling house prices towards the end of ...

Growth in home furnishings was driven by a high interest in home décor, particularly by female consumers, who were interested in the latest trends and fashions to update and style the home....

Indoor furniture will continue to dominate the home furnishing landscape, with continuous expansion of residential infrastructure, falling rental prices, and increasingly affordable living. Residents are set to upgrade their homes interior furniture,...

Thanks to the indoor-outdoor living trend in Australia at the moment, homeowners are investing in this part of their house by revamping their plain backyards into entertainment and relaxation spaces that combine both aesthetics and comfort. Consumers...

Home furnishings posted moderate current value growth overall in 2019, albeit with strong performances seen in areas such as LED lamps, outdoor furniture and kitchen furniture....

Barbecues recorded strong growth in 2019, which is expected to continue over the forecast period. After the unusually hot summer in 2018, which had a negative effect on barbecue sales, 2019 brought strong growth for all types of barbecues, with ...

Home furnishing is seen as having good prospects in Indonesia, especially with the number of urban households increasing at around 2% per year, according to Euromonitor International household data. There was also a 6.3% increase in average gross ...

Owing to the skyrocketing property prices, living space in Hong Kong is becoming increasingly cramped and odd-shaped. To maintain a reasonable quality of living, an increasing number of middle-class millennial households see it as worthwhile to ...

Workers should generally have more free time since the implementation of the 52-hour working week regulation by the South Korean government on 1 July 2018, which will apply at all work places by 2021. Consumers are therefore spending more time at ...

Some 13,000 new homes were made available by the HDB by way of BTO completion in 2019. Occupancy of these new homes will be driven to a large extent by millennials, who are now entering the family and home ownership stage. As this segment grows, ...

With the positive economic prospects in the labour market, consumers had higher disposable income for big-ticket items in 2019, and amidst several policy changes impacting the country’s economy, home furnishings continued to benefit from Filipinos’ ...

Home furnishings saw further healthy current value growth in 2019. This performance was fuelled by a dynamic housing market, which continued to stimulate demand for new home furnishings. Good access to credit and an overall improvement in their ...

Home furnishings continued to register strong positive sales growth over the course of 2019. In particular, recent years have seen the category benefit from the ongoing boom which has been seen in residential real estate markets across all of ...