PROSPECTS AND OPPORTUNITIES
Outlook for home furnishings remains favourable
Home furnishings is expected to post robust growth in current value sales throughout the forecast period, with the vast majority of categories poised to register consistently positive results in this regard. Despite mounting global uncertainty, the outlook for Taiwan’s economy remains bright thanks to the strength of its manufacturing industries, particularly in semiconductors and other electronics.
Space-saving, eco-friendly and smart furniture will continue to gain popularity
With average home sizes in Taiwan shrinking due to demographic shifts and limited room for new housing developments in densely populated urban areas, demand for compact, multifunctional and space-efficient furniture is set to remain strong over the forecast period. Most notably, apartment dwellers will continue to show rising interest in items such as modular sofas and storage beds.
Minimalism and local heritage expected to be key design trends
Japanese and Scandinavian design philosophies will remain highly influential in shaping home furnishings choices in Taiwan over the forecast period, with more consumers expected to embrace clean lines, neutral palettes and natural materials like wood and bamboo to create calm, clutter-free living spaces. Beyond aesthetic considerations, the preference for minimalism will continue to be fuelled by a growing societal emphasis on mindfulness, sustainability and more efficient use of space in smaller urban apartments.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading brands in Home Furnishings in Taiwan?
- How are products distributed in Home Furnishings in Taiwan?
- 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 Taiwan - Category analysis
KEY DATA FINDINGS
Increase in residential construction activity boosts sales
Ikea still the top home furnishings brand in Taiwan
Homewares and home furnishing stores remains the leading distribution channel
Outlook for home furnishings remains favourable
Space-saving, eco-friendly and smart furniture will continue to gain popularity
Minimalism and local heritage expected to be key design trends
Home and Garden in Taiwan - 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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