Dublin, Nov. 12, 2018 (GLOBE NEWSWIRE) -- The "Global Homeware Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global homeware market will register a CAGR of almost 7% by 2023

The growing demand for smart homes and the development of smart cities is identified as one of the key trends that will gain traction in the market during the estimated period. Many countries are undertaking smart city projects. The number of smart cities is expected to increase, and vendors are planning to develop new devices and software specifically for smart cities.

According to the report, one driver influencing this market is the innovation and portfolio extension leading to premiumization. One trend affecting this market is investments in AI startups. Further, the report states that one challenge affecting this market is the volatility of raw material prices.

Market Overview

Growing construction industry globally

The demand for luxury and superior quality homeware products is increasing among customers around the world due to the growth in the real estate industry and residential establishments.

High competition from unorganized players are low product replacement cycle

Well-established vendors face high competition from unorganized players that are not registered with the respective governments and have irregular terms of employment.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies and the competitive environment is quite intense. Factors such as the growing demand for smart homes and the development of smart cities and demand for luxury and superior quality homeware products will provide considerable growth opportunities to homeware market manufactures. Amazon, Bed Bath & Beyond, Home Depot Product Authority, Target Brands, and Walmart are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: GEOGRAPHIC LANDSCAPE

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/research/433npz/global_homeware?w=12

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Related Topics: Household