Home
furnishings companies are delivering home furnishings and floor covering
products directly to customers. This business model excludes middlemen from the
supply chain and allows home furnishings and floor covering companies to offer
their products to customers at more affordable prices. Some of the companies
also started working directly with manufacturers to deliver the furnishings
directly to customers, thereby bringing down prices. For instance, online
furniture retailer Interior Define works directly with furniture manufacturers
to offer designer furniture at no retailer mark-up. Similarly, furniture company
Bryght has cut down its prices by 70% by cutting out the middlemen.
THE
BUSINESS RESEARCH COMPANY EXPECTS THE HOME FURNISHINGS AND FLOOR COVERING
MANUFACTURING MARKET TO GROW TO $259 BILLION BY 2021
Asia Pacific was the largest region in
the home furnishings and floor coverings manufacturing market in 2017,
accounting for more than half of the market share. This can be attributed to a
large population base and increasing disposable incomes in the region.
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report at: https://www.thebusinessresearchcompany.com/report/home-furnishings-and-floor-coverings-manufacturing-global-market-report-2018
According to The Business Research
Company’s Consultant, Nitin Gianchandani, consumers
of the home furnishings and floor coverings manufacturing market are
increasingly turning towards online retailers to purchase home furnishings,
including carpets, rugs, glassware and curtains. Factors such as busy
lifestyles, a wide range of choices, cheaper retail prices and convenience have
led consumers to buy more home furnishings online. As a result, the global
market for home furnishings is expected to increase due to rising number of
online retailers as well as customers. According to Internet Retailer, an
e-commerce business intelligence firm, 18% of home furnishings and houseware sales in the US were through
e-commerce retailers and web sales, in 2015. For instance, the UK’s online home
furnishing retailing market grew at a CAGR of 12.2% during the historic period.
IKEA was the largest
company in the home furnishings and floor coverings manufacturing market, with
revenues of $40 billion in 2016. IKEA’s growth strategy aims at increasing
revenues by attracting the young population and offering products at
competitive prices. The company designs it products to be colourful and modular
to cater to the demand from young population. The company also plans to expand
in the US market by opening nearly a dozen stores over the next two years.
The home furnishings
and floor coverings manufacturing market comprises
all firms engaged in the wholesale distribution of home furnishings and
housewares, such as glassware and earthenware, curtains and draperies, linens
and towels, antiques, lamps (including electric), carpets, and other forms of
soft and hard surface floor coverings.
Home Furnishings and
Floor Coverings Manufacturing Market Global Market Report 2018 is a
detailed report giving a unique insight into this market. The report is priced
at $4000 for an individual user. To use across your office, the price is $6000
and $8000 if you wish to use across a multinational company.
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Research Company
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