The Homewares segment in China registered Market value of USD 137,054.98 Millions in 2024
The indicator recorded a historical decline (CAGR) of 6.80% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Homewares in China
The homewares market includes the following segments: home hardware, lighting, textiles and soft furnishings, and window dressings. Home hardware includes the sale of crockery, cutlery, glassware, home cleaning, home storage, ironing boards, kitchen utensils, rubbish bins and other home hardware like household scales and other mechanical devices.
Lighting includes the sale of lampshades, light/lampstands, light bulbs, and table and desk lamps. Textiles and soft furnishings include the sale of bathroom textiles, beddings, cushions, futons, hammocks, mattresses, table linen and other textile and soft furnishings like clothing and furniture coverings, doormats, laundry bags, parasols, shoe bags and shopping bags. Window dressings include the sale of blinds, curtain poles, rails, curtains and hooks.
Category segmentation
Textiles and soft furnishings are the largest segments of the homewares market in China, accounting for the largest share of the market's total value.
The Home hardware segment accounts for the second-largest share of the market.
Geography segmentation
China accounts for the largest share of the Asia-Pacific homewares market value.
Japan accounts for the second-largest share of the Asia-Pacific market.
Leading companies
Alibaba Group Holding Limited (Alibaba) is an online and mobile commerce company that operates its ecosystem as a platform for third parties. The company primarily provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The company has offices in Greater China, India, Japan, Korea, the UK and the US.
Beijing Easy home Investment Holding Group Co Ltd
Beijing Easy home Investment Holding Group Co., Ltd is a large-scale state-owned shareholding enterprise that primarily operates a network of furniture stores across China. Beijing Easy home looks to operate 'one-stop shops' that offer consumers furniture, furnishings, lighting, and home appliances.
IKEA Group
IKEA Group (IKEA) is a global retailer of Scandinavian-designed furniture and accessories. The parent company of the IKEA Group of companies is Ingka Holding BV, a private Dutch-registered company, which, in turn, is owned by Stichting Ingka Foundation. The Stichting Ingka Foundation was established in 1982 by Ingvar Kamprad and the ownership of this foundation lies with the Kamprad family. The IKEA trademark and concept is owned by Inter IKEA Systems, another private Dutch company, but not part of the Ingka Holding Group.
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