Home and garden products B2C e-commerce market size to grow by USD 30,189.84 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

Home and garden products B2C e-commerce market size to grow by USD 30,189.84 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Jan. 10, 2023 /PRNewswire/ — Technavio categorizes the global home and garden products B2C e-commerce market as a part of the global internet and direct marketing retail market within the global retailing market. The parent global internet and direct marketing retail market cover revenue generated by companies providing retail services primarily on the Internet, through mail orders, door-to-door retailers, and TV home shopping retailers. It also includes companies providing online marketplaces for consumer products and services. The global home and garden products B2C e-commerce market size is estimated to increase by USD 30,189.84 million. The market’s growth momentum will progress at a CAGR of 10.53{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}.

Technavio has announced its latest market research report titled Global Home and Garden Products B2C E-commerce Market 2023-2027

Technavio has announced its latest market research report titled Global Home and Garden Products B2C E-commerce Market 2023-2027

Discover some insights on market size before buying the full report –Request a sample report

Global Home and garden products B2C e-commerce market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Global home and garden products B2C e-commerce market – Vendor analysis
Vendor Landscape – The global home and garden products b2c e-commerce market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer home and garden products b2c e-commerce in the market are Amazon.com Inc., KG, Bed Bath and Beyond Inc., Costco Wholesale Corp., Godrej and Boyce Manufacturing Co. Ltd., Golden Acre Garden Sentre, Hennes and Mauritz AB, Inter IKEA Systems B.V., Lowes Co. Inc., Lulu and Georgia, Overstock.com Inc, Penney OpCo LLC, Target Corp., Tesco Plc, The Home Depot Inc., Ugaoo Agritech Pvt. Ltd., Walmart Inc., Wayfair Inc., Williams Sonoma Inc., and Reliance Industries Ltd. and others.
The global home and garden products b2c e-commerce market is at its growing stage. This implies that the market in focus is characterized by a rise in online spending and smartphone penetration, technological advancements in e-commerce platforms, and growing e-commerce platforms.

Vendor offerings –

  • Amazon.com Inc.: The company offers home and garden products such as Christmas decorations and LED lighting.

  • Bed Bath and Beyond Inc.: The company offers home and garden products such as personalized water cans and raised garden beds.

  • Costco Wholesale Corp.: The company offers home and garden products such as compost bins, garden tools, and raised garden beds.

  • Golden Acre Garden Center: The company offers home and garden products such as LANDSCAPE RAKE 24 inches, MINI TRIMMER, and TELESCOPIC BYPASS LOPPER.

  • Hennes and Mauritz AB: The company offers home and garden products such as cushions, bed linen, and room fragrance.

  • For Details on the vendor and its offerings – Buy the report!

Global home and garden products B2C e-commerce market – Segmentation assessment

Segment overview
Technavio has segmented the market based on the product (home decor, home improvement products, and others), end-user (commercial and household), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • The market share growth of the home decor segment will be higher than the other segments during the forecast period. An important element that improves the customer experience is the availability of comprehensive product catalogs with well-defined product categories on most websites and sales portals. Shopping online is simple and convenient, bridging the gap between offline and online retailing. One of the main factors behind the growth of the home decor sector is the expansion of the real estate and residential construction industries.

Geography overview
By geography, the global home and garden products B2C e-commerce market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global home and garden products b2c e-commerce market.

  • APAC will account for 55{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the market’s growth during the forecast period. The major countries contributing to the growth of the market in the region are China, Japan, and South Korea. China is one of the fastest-growing economies globally. Rapid globalization, increased purchasing power, and shifting consumer preferences are the primary elements that support the expansion of the Chinese market. Online shopping is becoming more popular in the nation due to expanding internet access and rising smartphone usage. These factors and the ease of shopping on the website of third-party e-retailers will drive the market in the future.

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Global home and garden products B2C e-commerce market – Market dynamics

Leading drivers – The rise in online spending and smartphone penetration is notably driving the market growth. The widespread usage of internet services, greater economic growth, and the advancement of purchase and delivery possibilities led by the emergence of e-commerce have contributed to the expansion of online shopping through smart devices throughout the years. Furthermore, the unproblematic return policy, product comparison, cash on delivery, and the availability of easy payment options on the e-commerce platform will also drive market growth during the forecast period.

Key trends –  The emergence of omnichannel retailing is a major trend in the market. Manufacturers are now able to sell their goods through both physical and online channels due to the developing trend known as omnichannel retailing. Major retailers and manufacturers of products do not view physical storefronts as a substitute for online enterprises; instead, they see the internet as an extra sales channel that will help them get a larger share of the market. These businesses can increase their customer base and brand recognition due to their online presence. Additionally, it expands sales chances to the entire web rather than just confining them to certain regions. Hence, factors like this are expected to increase the online sales of home and garden products significantly during the forecast period.

Major challenges – The criticality of logistics management leading to high overhead costs is a major challenge impeding the market growth. Slack in logistics management, such as incorrect postal addresses, and logistical difficulties, such as delayed product delivery and disorganized routing, are significant factors that can negatively affect the market. These elements may raise overhead expenses and reduce profit margins. The absence of uniform delivery services also damages the company’s reputation as a brand, which reduces the number of customers. Such factors will hinder market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this home and garden products B2C e-commerce market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the home and garden products B2C e-commerce market between 2023 and 2027

  • Precise estimation of the size of the home and garden products B2C e-commerce market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the home and garden products B2C e-commerce market across APAC, North America, Europe, South America, and Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of home and garden products B2C e-commerce market vendors

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Home And Garden Products B2C E-commerce Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.53{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Market growth 2023-2027

USD 30189.84 million

Market structure

Fragmented

YoY growth 2022-2023 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

9.96

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 55{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Key countries

US, China, Japan, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amazon.com Inc., BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH and Co. KG, Bed Bath and Beyond Inc., Costco Wholesale Corp., Godrej and Boyce Manufacturing Co. Ltd., Golden Acre Garden Sentre, Hennes and Mauritz AB, Inter IKEA Systems B.V., Lowes Co. Inc., Lulu and Georgia, Overstock.com Inc, Penney OpCo LLC, Target Corp., Tesco Plc, The Home Depot Inc., Ugaoo Agritech Pvt. Ltd., Walmart Inc., Wayfair Inc., Williams Sonoma Inc., and Reliance Industries Ltd.

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Home and Garden Products B2C E-commerce Market 2023-2027

Global Home and Garden Products B2C E-commerce Market 2023-2027

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SOURCE Technavio

Do-it-Yourself (DIY) Home Improvement Retailing Market In Europe to witness USD 26.42 Bn growth

Do-it-Yourself (DIY) Home Improvement Retailing Market In Europe to witness USD 26.42 Bn growth

NEW YORK, July 20, 2022 /PRNewswire/ — The “Do-it-Yourself Home Improvement Retailing Market in Europe by Product, Distribution Channel, and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to increase by USD 26.42 billion between 2020 and 2025. The market observed a YOY growth of 2.60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 2021 and the growth momentum is expected to accelerate at a CAGR of 2.85{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download PDF Sample Report

Technavio has announced its latest market research report titled Do-it-Yourself Home Improvement Retailing Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Technavio has announced its latest market research report titled Do-it-Yourself Home Improvement Retailing Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The DIY home improvement retailing market in Europe is fragmented, with numerous market players and a few established players. The competition is based on different factors such as price, quality, technology, brand, and variety, with companies resorting to various marketing strategies to increase their market share. The practice of sustainability is essential for future production and is well-applied by major competitors. The competitors in the market are likely to expand their presence in markets with traditionally low penetration. An increase in the production capacity will allow competitors to meet the surging demand for DIY home improvement products from DIY enthusiasts.

Rising interest in DIY home improvement projects has been instrumental in driving the growth of the market. However, increasing threats from the DIFM market might hamper market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. BAUHAUS AG, BAUVISTA GmbH & Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG, Groupe Adeo, HORNBACH Baumarkt AG Group, Intergamma BV, ITM Entreprises (Les Mousquetaires SAS), Kesko Corp., Kingfisher Plc, and OBI Group Holding SE & Co. KGaA are among some of the major market participants.

The do-it-yourself (DIY) home improvement retailing market in Europe is segmented as below:

The lumber and landscape management segment will have the largest share of the market. The market growth in the segment will be significant during the forecast period.

The offline distribution channel segment accounted for maximum sales in the market in 2021. The high penetration of physical stores and an expansive product assortment are some of the key factors driving the growth of the segment.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The do-it-yourself (DIY) home improvement retailing market in Europe report covers the following areas:

Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist do-it-yourself (DIY) home improvement retailing market growth in Europe  during the next five years

  • Estimation of the do-it-yourself (DIY) home improvement retailing market size in Europe  and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the do-it-yourself (DIY) home improvement retailing market in Europe

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of do-it-yourself (DIY) home improvement retailing market vendors in Europe

Related Reports:

Do-it-Yourself (DIY) Home Improvement Retailing Market In Europe Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.85{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Market growth 2021-2025

USD 26.42 billion

Market structure

Fragmented

YoY growth ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

2.60

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

Germany at 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Key consumer countries

Albania, Armenia, Australia, Aruba, and Bangladesh

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BAUHAUS AG, BAUVISTA GmbH & Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG, Groupe Adeo, HORNBACH Baumarkt AG Group, Intergamma BV, ITM Entreprises (Les Mousquetaires SAS), Kesko Corp., Kingfisher Plc, and OBI Group Holding SE & Co. KGaA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution channel

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

DIY Home Improvement Retailing Market Size to Grow by USD 26.42 Billion in Europe: By Product, Distribution Channel, and Geography

DIY Home Improvement Retailing Market Size to Grow by USD 26.42 Billion in Europe: By Product, Distribution Channel, and Geography

The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across segments such as product (lumber and landscape management, decor and indoor garden, kitchen, painting and wallpaper, and others), distribution channel (offline and online), and geography (Germany, France, the UK, Italy, and the Rest of Europe). This report helps businesses create strategies to make the most of future growth opportunities.

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“Rising interest in DIY home improvement projects will be crucial in driving the growth of the DIY Home Improvement Retailing Market in Europe. Also, the technological advances in DIY home improvement project tools will present significant opportunities for vendors during the forecast period“, says an analyst at Technavio.

DIY interior decoration and home improvement projects have become popular among consumers across the world due to the rising urbanization rate and evolving lifestyles. Moreover, the growing population of working women and their participation in the decision-making process for home decoration are also pushing the sales of tools required for such projects, including power drills, nail guns, bathroom and lawn tools, and others. The concept of DIY is becoming popular in both developed and developing nations of Europe owing to high average labor costs, which increased significantly in 2018. Consumers in such countries prefer DIY maintenance and repair of their machines, vehicles, and homes to cut expenses related to outsourced services.

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DIY Home Improvement Retailing Market in Europe: Segmentation Analysis

Segmentation by Product:

  • The growth of the DIY home improvement market share in Europe by the lumber and landscape management segment will be significant during the forecast period.
  • This segment is expected to grow significantly during the forecast period, owing to negligible technicalities or complexities involved.
  • The sub-segment includes using small wood logs for several purposes, especially in windows, fencing, and walkways. 
  • A wide variety of doors and windows are made through the DIY concept, including sliding doors, half-window doors, infusion-window doors.
  • DIY tools can also be used for fixing tampered glass for bathroom windows and coloring doors and windows in aberrant hues. 

Segmentation by Geography:

  • 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the market’s growth will originate from Germany during the forecast period.
  • Market growth in the country will be faster than the growth of the market in the UK, Italy, and the Rest of Europe. 
  • In Germany, lumber and landscape management, painting and wallpaper, indoor garden decoration, lighting, and assembling RTA furniture are the most popular DIY home improvement projects.
  • Consumers actively engage in DIY home improvement projects, ranging from small house repairs to complex and large projects, which will facilitate the DIY home improvement market in Europe growth in Germany over the forecast period.

Purchase Report for more insights on the market share & contribution of various segments & regions

DIY Home Improvement Retailing Market in Europe: Major Vendors

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • BAUHAUS AG
  • BAUVISTA GmbH & Co. KG
  • EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG
  • Groupe Adeo
  • HORNBACH Baumarkt AG Group
  • Intergamma BV
  • ITM Entreprises (Les Mousquetaires SAS)
  • Kesko Corp.
  • Kingfisher Plc
  • OBI Group Holding SE & Co. KGaA

The DIY home improvement market in Europe is fragmented and the vendors are deploying growth strategies such as focusing towards the development of innovative products and increasing production capacity to meet the surging demand for DIY home improvement products to compete in the market.

Download Our Sample Report for more vendor insights with product offerings & news

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DIY Home Improvement Retailing Market in Europe Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Market growth 2021-2025

$ 26.42 billion

Market structure

Fragmented

YoY growth ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

2.60

Regional analysis

Germany, France, UK, Italy, and Rest of Europe

Performing market contribution

Germany at 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BAUHAUS AG, BAUVISTA GmbH & Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG, Groupe Adeo, HORNBACH Baumarkt AG Group, Intergamma BV, ITM Entreprises (Les Mousquetaires SAS), Kesko Corp., Kingfisher Plc, and OBI Group Holding SE & Co. KGaA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary 

2. Market Landscape 

  2.1 Market ecosystem 

  Exhibit 01:  Parent market

  2.2 Market Characteristics 

  Exhibit 02:  Market Characteristics

  2.3 Value chain analysis 

  Exhibit 03:  Building Products

  2.3.1 Inputs 

  2.3.2 Inbound logistics

  2.3.3 Product operations

  2.3.4 Outbound logistics

  2.3.5 Marketing and sales 

  2.3.6 Service 

  2.3.7 Support activities 

  2.3.8 Innovations

3. Market Sizing 

  3.1 Market definition

  Exhibit 04:  Offerings of vendors included in the market definition

  3.2 Market segment analysis 

  Exhibit 05:  Market segments

  3.3 Market size 2020 

  3.4 Market outlook: Forecast for 2020 – 2025 

  Exhibit 06:  France – Market size and forecast 2020 – 2025 ($ billion)

  Exhibit 07:  France market: Year-over-year growth 2020 – 2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

4. Five Forces Analysis 

  4.1 Five Forces Summary 

  Exhibit 08: Five forces analysis 2020 & 2025

  4.2 Bargaining power of buyers 

  4.3 Bargaining power of suppliers 

  4.4 Threat of new entrants 

  4.5 Threat of substitutes 

  4.6 Threat of rivalry 

  4.7 Market condition

  Market condition – Five forces 2020

5. Market Segmentation by Product 

  The segments covered in this chapter are: 

  • Lumber and landscape management
  • Decor and indoor garden
  • Kitchen
  • Painting and wallpaper
  • Others

  5.1 Market segments

  Exhibit 15: Product – Market share 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.2 Comparison by Product  

  Exhibit 16: Comparison by Product

  5.3 Lumber and landscape management – Market size and forecast 2020-2025  

Exhibit 17: Lumber and landscape management – Market size and forecast 2020-2025 ($ billion)

  5.3.1 Doors, windows, fencing, and walkways

  5.3.2 Brickwork

  5.3.3 Landscape maintenance

  Exhibit 18: Lumber and landscape management – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.4 Decor and indoor garden – Market size and forecast 2020-2025 

  Exhibit 19: Decor and indoor garden – Market size and forecast 2020-2025 ($ billion)

  Exhibit 20: Decor and indoor garden – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.5 Kitchen – Market size and forecast 2020-2025  

  Exhibit 21: Kitchen – Market size and forecast 2020-2025 ($ billion)

  Exhibit 22: Kitchen – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.6 Painting and wallpaper – Market size and forecast 2020-2025 

  Exhibit 23: Painting and wallpaper – Market size and forecast 2020-2025 ($ billion)

  Exhibit 24: Painting and wallpaper – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.7 Others – Market size and forecast 2020-2025 

  Exhibit 25: Others – Market size and forecast 2020-2025 ($ billion)

  5.7.1 Tools and Hardware

  5.7.2 Building materials

  5.7.3 Lighting

  5.7.4 Plumbing materials and equipment

  5.7.5 Flooring, repair, and replacement

  5.7.6 Electrical work

  Exhibit 26: Others – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  5.8 Market opportunity by Product 

  Exhibit 27: Market opportunity by Product

6. Market Segmentation by Distribution channel  

  The segments covered in this chapter are: 

  6.1 Market segments

  Exhibit 28: Distribution channel – Market share 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  6.2 Comparison by Distribution channel 

  Exhibit 29: Comparison by Distribution channel

  6.3 Offline – Market size and forecast 2020-2025 

  Exhibit 30: Offline – Market size and forecast 2020-2025 ($ billion)

  Exhibit 31: Offline – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  6.4 Online – Market size and forecast 2020-2025  

  Exhibit 32: Online – Market size and forecast 2020-2025 ($ billion)

  Exhibit 33: Online – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  6.5 Market opportunity by Distribution channel 

  Exhibit 34: Market opportunity by Distribution channel

7. Customer landscape 

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

  Exhibit 35: Customer landscape

8. Geographic Landscape 

  The regions covered in the report are: 

  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe

  8.1 Geographic segmentation

  Exhibit 36: Market share by geography 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.2 Geographic comparison 

  Exhibit 37: Geographic comparison

  8.3 Germany – Market size and forecast 2020-2025  

  Exhibit 38: Germany – Market size and forecast 2020-2025 ($ billion)

  Exhibit 39: Germany – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.4 France – Market size and forecast 2020-2025 

  Exhibit 40: France – Market size and forecast 2020-2025 ($ billion)

  Exhibit 41: France – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.5 UK – Market size and forecast 2020-2025  

  Exhibit 42: UK – Market size and forecast 2020-2025 ($ billion)

    Exhibit 43: UK – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.6 Italy – Market size and forecast 2020-2025

  Exhibit 44: Italy – Market size and forecast 2020-2025 ($ billion)

  Exhibit 45: Italy – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.7 Rest of France – Market size and forecast 2020-2025  

  Exhibit 46: Rest of Europe – Market size and forecast 2020-2025 ($ billion)

  Exhibit 47: Rest of Europe – Year-over-year growth 2020-2025 ({d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9})

  8.8 Market opportunity by geography

  Exhibit 48: Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends 

  9.1 Market drivers 

  9.1.1 Rising interest in DIY home improvement projects

  9.1.2 Convenience offered by online stores

  9.1.3 Smart home technology

  9.1.4 Growth of residential real estate industry

  9.2 Market challenges 

  9.2.1 Increasing threat from DIFM market

  9.2.2 Complexities in using DIY home improvement tools

  9.2.3 Intense rivalry among market competitors

  Exhibit 49: Impact of drivers and challenges

  9.3 Market trends 

  9.3.1 Technological advances in DIY home improvement projects tools

  9.3.2 Advent of cordless DIY power tools

  9.3.3 Growing popularity and adoption of RTA furniture in Europe

10. Vendor Landscape 

  10.1 Competitive scenario  

  10.2 Vendor landscape  

  Exhibit 50: Vendor landscape

  10.3 Landscape disruption 

  The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

  Exhibit 51: Landscape disruption

  10.4 Industry risks  

  Exhibit 52: Industry risks

11. Vendor Analysis 

  11.1 Vendors covered 

  Exhibit 53: Vendors covered

  11.2 Market positioning of vendors 

  Exhibit 54: Market positioning of vendors

  11.3 BAUHAUS AG 

  Exhibit 55:  BAUHAUS AG – Overview

  Exhibit 56:  BAUHAUS AG – Product and service

  Exhibit 57:  BAUHAUS AG – Key news

  Exhibit 58:  BAUHAUS AG – Key offerings

  11.4 BAUVISTA GmbH & Co. KG 

  Exhibit 59:  BAUVISTA GmbH & Co. KG – Overview

  Exhibit 60:  BAUVISTA GmbH & Co. KG – Product and service

  Exhibit 61:  BAUVISTA GmbH & Co. KG – Key offerings

  11.5 EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG 

  Exhibit 62:  EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG – Overview

  Exhibit 63:  EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG – Product and service

  Exhibit 64:  EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG – Key offerings

  11.6 Groupe Adeo 

  Exhibit 65:  Groupe Adeo – Overview

  Exhibit 66:  Groupe Adeo – Product and service

  Exhibit 67:  Groupe Adeo – Key offerings

  11.7 HORNBACH Baumarkt AG Group

  Exhibit 68:  HORNBACH Baumarkt AG Group – Overview

  Exhibit 69:  HORNBACH Baumarkt AG Group – Business segments

  Exhibit 70:  HORNBACH Baumarkt AG Group – Key news

  Exhibit 71:  HORNBACH Baumarkt AG Group – Key offerings

  Exhibit 72:  HORNBACH Baumarkt AG Group – Segment focus

  11.8 Intergamma BV 

  Exhibit 73:  Intergamma BV – Overview

  Exhibit 74:  Intergamma BV – Product and service

  Exhibit 75:  Intergamma BV – Key news

  Exhibit 76:  Intergamma BV – Key offerings

  11.9 ITM Entreprises (Les Mousquetaires SAS) 

  Exhibit 77:  ITM Entreprises (Les Mousquetaires SAS) – Overview

  Exhibit 78:  ITM Entreprises (Les Mousquetaires SAS) – Business segments

  Exhibit 79:  ITM Entreprises (Les Mousquetaires SAS) – Key offerings

  11.10 Kesko Corp. 

  Exhibit 80:  Kesko Corp. – Overview

  Exhibit 81:  Kesko Corp. – Business segments

  Exhibit 82:  Kesko Corp. – Key offerings

  Exhibit 83:  Kesko Corp. – Segment focus

  11.11 Kingfisher Plc 

  Exhibit 84:  Kingfisher Plc – Overview

  Exhibit 85:  Kingfisher Plc – Business segments

  Exhibit 86:  Kingfisher Plc – Key news

  Exhibit 87:  Kingfisher Plc – Key offerings

  11.12 OBI Group Holding SE & Co. KGaA 

  Exhibit 88:  OBI Group Holding SE & Co. KGaA – Overview

  Exhibit 89:  OBI Group Holding SE & Co. KGaA – Product and service

  Exhibit 90:  OBI Group Holding SE & Co. KGaA – Key offerings

12. Appendix 

  12.1 Scope of the report 

  12.1.1 Market definition

  12.1.2 Objectives

  12.1.3 Notes and caveats

  12.2 Currency conversion rates for US$ 

  Exhibit 91: Currency conversion rates for US$

  12.3 Research Methodology 

  Exhibit 92: Research Methodology

  Exhibit 93: Validation techniques employed for market sizing

  Exhibit 94: Information sources

  12.4 List of abbreviations 

  Exhibit 95: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Wall Decor Market to Reach USD 87870 Million by 2028 at a CAGR of 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

Wall Decor Market to Reach USD 87870 Million by 2028 at a CAGR of 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

BANGALORE, India, May possibly 12, 2022 /PRNewswire/ — The World Wall Decor Current market is Segmented by Style (Wall Paper, Wall Mirrors, Wall Art, Many others), by Software (Clinical & Dental Services, Household, Workplace & Company Medical & Dental Amenities, Dining places, Cafés & Bars) Chance Assessment and Industry Forecast, 2022–2028. It is released in Valuates Stories under the Home & Interior Decor Group.

The worldwide Wall Decor sector sizing is projected to achieve USD 87870 Million by 2028, from USD 71270 Million in 2021, at a CAGR of 3.{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the course of 2022-2028.

Main components driving the advancement are the Wall Decor marketplace:

The wall decor marketplace is anticipated to be pushed by progress in the household building field, climbing preference for inside design, and mounting disposable money. To boost the interior aesthetics of the dwelling, wall décor merchandise have grow to be well-liked with practically all newly created residential institutions.

Furthermore, the rising popularity of wallpapers is predicted to fuel the expansion of the wall decor current market. Wallpaper is lengthy-long lasting and cost-effective, lasting up to 15 decades. When appropriately installed, wallpaper can very last a few moments for a longer time than paint. If your walls usually are not best, higher-excellent wallpaper can enable conceal them.

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Traits INFLUENCING THE Expansion OF WALL DECOR Market:

The Wall Decor Market place is anticipated to be pushed by mounting disposable revenue amongst the populace in developing nations around the world, as effectively as a expanding desire for interior design. The home is properly finished with a well-mentioned wall. It aids to tie the story with each other and completes the space. Wall artwork is a wonderful ending touch that can elevate the appear of a space from functional to polished. Wall art can also aid to insert colour and vibrancy to a area. Wall decor not only adds exuberance and spark to your interiors but also delivers daily life to dull partitions.

The escalating popularity of wall mirrors as section of inside structure is predicted to propel the wall decor market ahead. A mirror, in accordance to all interior designers and decorators, completes the seem of a place. A totally free-standing mirror or wall mirror is 1 of the more economical home, entrance, office, or retail extras. Mirrors are obtainable in a huge range of shapes, sizes, types, and styles. A strategically put mirror can assistance create the illusion of much more house. It demonstrates the room, giving the perception that it is larger sized than it is. A little, slender place can profit from a wall mirror, or a substantial mirror can be put to make the area appear much larger.

Workforce and purchasers will be capable to see a firm’s lifestyle as a result of wall decor. It retains staff members concentrated on your brand’s eyesight and intention though also advertising a constructive function environment for visitors. In this competitive entire world, office environment wall decor provides you an advantage. Aside from that, participating and resourceful decoration advantages staff in a range of techniques. It lowers pressure and exhaustion between employees. Staff members are determined and inspired when their workplace partitions are adorned with modern and constructive colors and artwork. Thus the raising adoption of wall decor in commercial areas is envisioned to travel the wall decor sector. 

In addition, building a heat and comforting position of healing, fun types and vivid colours can help relieve kid’s fears of becoming in an unfamiliar setting up. Art is an crucial part of the healthcare facility encounter for kids. This contains offering visual amusement, distraction, and engagement, between other things. Aiding little ones in preserving a optimistic mindset, lessening strain, and bettering clinical results are all plans. It is vital to make your dental business as soothing as probable, whether it is for little ones, orthodontics, or nearly anything in in between. These components are expected to push the wall decor current market growth.

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WALL DECOR Market SHARE Analysis: 

Dependent on application, Home is the most commonly employed kind which usually takes up about 40{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the worldwide whole. The climbing center-course disposable profits coupled with a choice for interior decor is expected to push the segment expansion. 

Centered on type, Wall arts are expected to be the most profitable section. Rich artwork collectors are specially intrigued in attaining this sort of operates for their houses. Additionally, it is expected that, as consumers’ disposable income rises, demand for this segment will mature even a lot more in the future.

In new decades, Europe has turn out to be 1 of the world’s largest customers of wall decor, and this trend is anticipated to keep on in the coming decades. The European current market accounted for about 35{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the global current market, with North The united states accounting for 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and China accounting for 14{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}.

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Leading Companies IN THE WALL DECOR Current market:

The important suppliers in the world-wide Wall Decor sector contain Mattress Bath & Over and above, Household Depot, IKEA, Lowes, Focus on, Wal-Mart, Art.com, and some others. The best 5 accounted for about a quarter of the global industry. Perfectly-recognised merchants include things like Bed Bathtub & Further than, Home Depot, IKEA, Lowes, Goal, Wal-Mart, Costco, and Art.com.

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Global Commercial Real Estate (CRE) Software Market Foreseen to Grow Exponentially Over USD 4.42 Billion By 2030

Global Commercial Real Estate (CRE) Software Market Foreseen to Grow Exponentially Over USD 4.42 Billion By 2030

Fior Market Research LLP

Fior Industry Study LLP

Advancement development is the technological progress, these types of as the speedier deployment of true estate application on-premises or in the cloud.

Newark, NJ, May possibly 12, 2022 (World NEWSWIRE) — As for every the report revealed title, the world professional serious estate (CRE) software market place is anticipated to mature from USD 2.59 billion in 2021 to USD 4.42 billion by 2030, at a CAGR of 6.11{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the duration of the forecast period 2022-2030.

The proliferation of digitalization of the business is anticipated to grow demand from customers for the professional actual estate (CRE) software marketplace throughout the projection period of time. Further more, the growing disposable money of a massive portion of the throughout the world populace is the driving aspect of the marketplace progress. Nevertheless, the escalating land value and selling price instability of other qualities are the restraining aspects of the market development. Additionally, the investing obstacles & stringent regulatory pointers on real estate management are other aspects restraining the sector growth. However, the development in desire from emerging economies & enhancement in the R&D activities are opportunities for industry progress.

Aggressive System

To greatly enhance their market place placement in the international industrial true estate (CRE) program industry, the vital gamers are now focusing on adopting the approaches these as solution innovations, mergers & acquisitions, latest developments, joint ventures, collaborations, and partnerships.

  • For Illustration, in April 2021, MRI Software program obtained Manhattan, Trimble’s genuine estate & workplace Methods Firm, to boost its place of work administration choices.

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Market place Expansion & Tendencies

The advancement of the commercial genuine estate (CRE) computer software current market is driven by the adoption of new software systems like synthetic intelligence & clouds several various purposes in true estate. Furthermore, the inhabitants advancement & speedy urbanization also enable push the current market progress for the duration of the forecast time period. Furthermore, the industry progress pattern is the technological developments, such as the quicker deployment of true estate application on-premises or in the cloud. Technological developments in this software program help reach visibility into the documentation, info, and procedures to push the organization. The commercial authentic estate (CRE) program delivers a lens into the business, aids in streamlining the operations, quickly shares facts, and collaborates with the workforce, tenants, and vendors.

Furthermore, better knowledge safety is just one of the driving aspects of sector progress. Therefore, the genuine estate enterprise discounts with own data that must be preserved & secured to ensure clients’ info safety, largely when the facts is hosted in the cloud. This is because any unauthorized consumer can use the data primary to major losses for the affiliation. True estate program gives the attribute of electronic stability.

Crucial Findings

The sort phase is divided into on premise and cloud based mostly. In 2021, the cloud based mostly form phase dominated the market with the biggest market place share of 56.22{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and sector income of 1.45 billion. This progress is attributed to the use of cloud systems to deal with enterprises superior and assist strengthen productiveness & performance by using facts to streamline processes.

The application section is divided into broker, trader/appraiser, and residence supervisor. In 2021, the broker software segment dominated the sector with the most significant current market share of 39.12{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and market place earnings of 1.01 billion. This growth is attributed to the growing requires for brokers across serious estate dependent associations.

Regional Segment Examination of the Professional Authentic Estate (CRE) Software Sector:

  • North The united states (U.S. Canada, Mexico)

  • Europe (Germany, France, U.K., Italy, Spain, Relaxation of the Europe)

  • Asia-Pacific (China, Japan India, Relaxation of APAC)

  • South The united states (Brazil and Rest of South America)

  • Center East and Africa (UAE, South Africa, Rest of MEA)

North The us area transpired as the biggest current market for the international commercial serious estate (CRE) software package market place with a industry share of 48.06{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and a marketplace price of close to 1.24 billion in 2021. North The usa presently dominates the industrial genuine estate (CRE) software program market place because of to the substantial presence of key firms and prevalent adoption of application options for protection from threats of economical losses. Also, an enhance in urbanization and infrastructure growth functions and the adoption of new technologies for several business and household purposes will in all probability assist the market’s expansion throughout the projection period of time in this region. Furthermore, the Asia Pacific area is anticipated to exhibit the speediest CAGR of 8.02{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} around the projection period. This progress is attributed to the favorable development of regional economies & the promising proliferation of the development organization. Also, the requires for serious estate software in the location incorporate the execution of state-of-the-art technological innovation & favorable government & regulatory norms also support generate the region’s marketplace development. Furthermore, the existence of distinct establishing nations in the space like India, Japan, China, and other Asian nations around the world also aids travel the field growth all through the projection time period.

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Important players operating in the global commercial genuine estate (CRE) software market place are

  • Brokermint

  • COSTAR

  • TRANQUIL CRM

  • ALTUS Team

  • BUILDOUT

  • MRI Software package

  • PROPERTYMETRICS

  • ORACLE

  • Ascendix Systems

  • ClientLook

  • CommissionTrac

  • Realhound

  • Do

  • Forbury

  • VTS

  • SharpLaunch

  • Reonomy

  • QUAREM

  • VALCRE

  • AFFINITY

This examine forecasts income at world-wide, regional, and state stages from 2019 to 2030. The Marketplace and Investigation has segmented the world wide business serious estate (CRE) software program marketplace centered on below described segments:

Global Commercial Real Estate (CRE) Application Current market by Form:

World-wide Commercial Genuine Estate (CRE) Software program Sector by Software:

  • Broker

  • Trader/Appraiser

  • Property Manager

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About the report:

The worldwide industrial true estate (CRE) computer software current market is analysed primarily based on worth (USD Billion). All the segments have been analysed on world, regional and place foundation. The study involves the analysis of much more than 30 nations for each phase. The report presents in-depth examination of driving aspects, possibilities, restraints, and worries for attaining the key insight of the market. The examine features porter’s 5 forces model, attractiveness analysis, raw material investigation, supply, demand from customers analysis, competitor situation grid examination, distribution and marketing channels analysis.

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Furniture Rental Service Market Worth USD 139.05 Billion by

Furniture Rental Service Market Worth USD 139.05 Billion by

Pune, India, May 11, 2022 (GLOBE NEWSWIRE) — The furniture rental service market size is predicted to reach USD 139.05 billion by 2029 and exhibit a CAGR of 9.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} during the forecast period. Fortune Business InsightsTM has presented this information in its report titled, “Furniture Rental Service Market, 2022-2029”. The market value stood at USD 67.83 billion in 2021 and USD 73.19 billion in 2022.

To meet the interior requirements of their indoor areas, most households rely on rental furnishings. Additionally, students prefer to use hired seats and tables to satisfy the study needs of their co-living areas. INHABITER, CORT, and other recent online furniture rental platforms are expected to considerably increase service demand among the global population. For example, Furlenco, a Bengaluru, India-based online furniture rental platform, offers subscription-based rented chairs, tables, and other furnishing items to Indian households as per their interior decoration requirements.

COVID-19 Impact-

Working professionals prefer remote work over in-office work to avoid coronavirus infection while traveling to office sites. This factor has a significant impact on consumer demand for rented furniture to meet their home-office furniture requirements. According to data supplied by Glassdoor, an American online employment platform, online job searches for work-from-home positions increased by 460{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from June 2019 to June 2021. In addition, the rising trend of the furniture rental service and other essentials in the face of pandemics will stimulate expansion.

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Fortune Business Insights™ lists out all the furniture rental service market  companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Feather (New York, U.S.)
  • Aaron’s LLC (Atlanta, Georgia, U.S.)
  • Rent-A-Center(Texas, U.S.)
  • Brook Furniture Rental Inc. (Illinois, Chicago)
  • The Everset (New York, U.S.)
  • Fernished Inc.(California, U.S)
  • Furlenco (Bangalore, India)
  • RentoMojo (Edunetwork Pvt. Ltd.)(Bengaluru, India)
  • Luxe Modern Rentals(Toronto, Canada)
  • Fashion Furniture Rental (California, U.S.)

Furniture Rental Service Market Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2022-2029
Forecast Period 2022 to 2029 CAGR 9.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}
2029 Value Projection USD 139.05 Billion
Base Year 2021
Market Size in 2021 USD 67.83 Billion
Historical Data for 2018 to 2020
No. of Pages 125
Segments covered By Application, By Material, By Region
Growth Drivers Growing Residential and Commercial Infrastructural Settings to Drive the Furniture Rental Industry
Regular Companies’ introduction of Furniture Rental-Related Campaigns to Support Sector’s Growth
Key Players to Adopt Several Growth Strategies
Pitfalls & Challenges Lack of Awareness Regarding Furniture Rental Services to Restrain Growth

Report Coverage-

The furniture rental service market research examines the industry in-depth and covers key elements such as leading players, application, material analysis, and the market’s overall prognosis. Aside from that, the market research report contains information on the most recent trends as well as key industry developments. The current market size and forecast values are also included in the research. In addition to the above-listed characteristics, the research covers a number of other variables that have contributed to the industry’s recent rise.

Drivers & Restraints-

The Rental Furniture Industry is expected to grow in Residential & Commercial Infrastructure Settings

Growing residential and commercial infrastructure will support the need for services in these contexts, resulting in an increase in furniture rentals. According to the National Association of Realtors (NAR), housing sales in the U.S. increased by 5.7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from January 2019 to January 2020. Households nowadays prefer to purchase subscription-based furniture rental services in order to use different furnishing pieces on a regular basis. This factor contributes to the growth of the furniture rental facility by assisting them in meeting their home decoration needs.

The market for rental furniture and other household products is mostly limited by a lack of awareness about furnishing rental services among the world’s elderly population. Furthermore, the development of new competitors with identical product offerings aimed at rural customers provides a threat to the important players eventually limiting the furniture rental service market growth.

Segmentation-

On the basis of material, the furniture rental service industry is fragmented into wood, plastic, metal, glass, and others. On the basis of application, the market is split into residential and commercial. Geographically, the market is classified into South America, North America, Asia Pacific, Europe, and the Middle East & Africa.  

Regional Insights-

North America to Lead the Global Market

The Asia Pacific area dominates the growing popularity of the furniture rental service among the population in emerging cities like India and China. Furthermore, as the number of urban migrants in these areas grow, so will the need for services among these migratory populations, propelling the region’s growth. In addition, the region’s renowned enterprises are expanding, opening up new opportunities for the industry to thrive.

The market in Europe has seen phenomenal growth owing to the population’s shifting preference for choosing sustainably-made furnishings. People are becoming more aware of the negative health effects of furnishings made of low-grade plastics, which pushes them to acquire eco-friendly furniture. In addition, furniture made from natural reusable materials such as bamboo and wooden pallets is likely to be in high demand in the region. Europeans’ need for services is supported by changing home decoration preferences and rising furniture replacement trends. Furthermore, the growing number of commercial and residential infrastructure settings in Europe, as well as considerable government investments in the development of housing facilities in Germany and the U.K., contribute to the expansion of rental services in Europe. According to the Committee on Climate Change Organization’s figures, the U.K. had 29 million houses as of 2019. By 2022, the U.K. government plans to build 1.5 million new domestic living spaces.

North America accounts for a significant furniture rental service market share because a growing working population with startups and innovative business models choose to rent furniture to meet their needs. According to data given by the U.S. Census Bureau, 4.3 million Americans have filed papers to create new businesses in 2020. Additionally, overall employment applications for American startups and businesses climbed by 24{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} over the course of the year. Furthermore, the strong presence of major furniture rental companies in the U.S., such as CORT, Feather, AFT, and others, in their supply chain and warehouses, contributes to the region’s growth.

The furniture rental service rise of the Middle East & Africa region is aided by increased awareness of furniture rental platforms among Saudi Arabia and UAE families. Because many people are relocating to metropolitan regions, South America is expected to have a significant presence, resulting in the steady introduction of new furniture rental platforms. People moving to cities have exposure to evolving industry trends and have access to numerous digital platforms for meeting their needs, which is likely to drive product demand across the region.

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Competitive Landscape-

Key Players to Adopt Several Growth Strategies

To increase their operating capital, significant businesses are now focusing on forming agreements with financial institutions. They also focus on diversifying their furniture rental products in order to extend their global footprint. For example, Feather, a rental furniture company based in the U.S., received a USD 30 million Series B investment from Credit Suisse Group AG, an investment banking firm, in August 2020 to extend its product and service offerings abroad.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent/Related Markets
    • Industry SWOT Analysis
    • Supply Chain and Regulatory Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
    • Qualitative Analysis (in relation to COVID-19)
    • 5.1 Impact of COVID-19
    • 5.2 Supply Chain Challenges
    • 5.3 Potential Opportunities due to COVID-19
  • Global Furniture Rental Service Market Analysis, Insights, and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Material (Value)
        • Wood
        • Metal
        • Plastic
        • Glass
        • Others
      • By Application (Value)
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

Key Industry Development-

July 2021: Furlenco, India’s biggest furniture rental provider, has launched “UNLMTD by Furlenco,” an annual subscription service that provides Indian consumers with hassle-free relocation and free furniture and appliance shifting solutions.

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