The Global Furniture & Floor Coverings segment registered Market value of USD 636,795.96 Million in 2020
The indicator recorded a historical growth (CAGR) of 1.28% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Global Furniture & Floor Coverings Retail
The furniture & floor coverings market consists of the following two segments: furniture and floor coverings.
Furniture comprises retail sales of domestic furniture, including bedroom furniture, dining room furniture, home office furniture, living room furniture, kitchen furniture and bathroom furniture. It does not cover contract furniture. Floor coverings include retail (not trade) sales of carpets, mats, rugs, carpet tiles, hard tiles, laminates, final and wood flooring.
The global furniture and floor coverings market has grown moderately overall in the historic period. Despite three years of strong growth, a decline in 2020 came as a result of the COVID-19 pandemic. Strong growth is expected in the upcoming period.
Category segmentation
Furniture is the largest segment of the global furniture & floor coverings retail market, accounting for the majority share of the market's total value.
The Floorcoverings segment accounts for the remaining share of the market.
Geography segmentation
Asia-pacific accounts for the majority share of the global furniture & floor coverings retail market value.
Europe accounts for a significant share of the global market.
Market distribution
Home Furniture and Floorcoverings Specialists form the leading distribution channel in the global furniture & floor coverings retail market, accounting for the majority share of the total market's value. Online Specialists account for the second-largest share of the market.
Who are the leading players?
Groupe Adeo, a subsidiary of Asociacion Familiar Mulliez, is an owner and operator of do-it-yourself (DIY) retail stores. The company’s product portfolio comprises home improvement products, building products, gardening products, decorative products, kitchen products, bathroom accessories and storage goods.
Tengelmann is an in-store and online retailer. The company offers various products including clothing, food, kitchen and house ware, office supplies, lamps and lights, healthcare products, sports equipment, books, DIY products and other related products.
Lowe’s is a home improvement retailer. The company offers products and services for home decorating, maintenance, repair and remodeling of buildings.
The Home Depot retails home improvement products. The company offers various products including building materials, home improvement supplies, appliances, and lawn and garden products.
IKEA is a holding company which, through its subsidiaries, is engaged in providing home furnishing products, solutions and services. The company’s business model includes franchising, range and supply, and industry. It offers products in various categories including textiles, living room and workspace, bedroom and bathroom, kitchen and dining, lighting and home smart, cooking, eating and decoration and food among others.
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