PROSPECTS AND OPPORTUNITIES
Consumers to cautiously spend on home furnishings amid economic headwinds
Value sales of home furnishings are expected to rise over the forecast period. The market is expected to experience modest growth, shaped by ongoing economic headwinds and cautious consumer sentiment.
E-commerce channels to gain share due to rising demand for convenience
E-commerce is projected to capture an increasing share of the Canadian home furnishings market over the forecast period. This growth is driven by rising consumer confidence in online shopping, improved fulfilment networks, and the sustained appeal of contactless shopping.
Brands leverage IoT to meet demand for smart and modular pieces
Innovation in the Canadian home furnishings industry is increasingly driven by the integration of smart technologies and sustainable modular design. Retailers and brands are embracing IoT and AI not only in upstream product development but also in downstream consumer experiences.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Furnishings in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Furnishings in Canada?
- Which are the leading brands in Home Furnishings in Canada?
- How are products distributed in Home Furnishings in Canada?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Home Furnishings?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Furnishings?
- Where is future growth expected to be most dynamic?
Home Furnishings in Canada - Category analysis
KEY DATA FINDINGS
Increase in rental housing supported the sales for home furnishings
Brands focused on lowering prices to boost sales amid economic headwinds
Service enhancements remained a key driver amid lower footfall
Consumers to cautiously spend on home furnishings amid economic headwinds
E-commerce channels to gain share due to rising demand for convenience
Brands leverage IoT to meet demand for smart and modular pieces
Home and Garden in Canada - Industry Overview
Home and garden in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for home and garden?
DISCLAIMER
The following categories and subcategories are included:
Home Furnishings
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- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Living Room Textiles
- Rugs
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- Beds
- Chests of Drawers
- Mattresses
- Wardrobes
- Dining Furniture
- Home Office Furniture
- Kitchen Furniture
- Living Room Furniture
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- Sofa Beds
- Other Sofas
- Other Sitting Furniture
- Storage Furniture
- Other Indoor Furniture
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- Blinds
- Curtains
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- Charcoal Barbecues
- Electric Barbecues
- Gas Barbecues
- Outdoor Furniture
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- Lighting Fixtures
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- Incandescent Lamps
- Halogen Lamps
- Linear Fluorescent Lamps (LFL)
- Compact Fluorescent Lamps (CFL)
- Light-Emitting Diode Lamps (LED)
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Furnishings research and analysis database.
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