The Furniture And Home Furnishing Store Market report segments the industry into By Type (Furniture Stores, Home Furnishing Stores), By Ownership (Retail Chains, Independent Stores), By Store Type (Exclusive/Retail Showrooms, Inclusive Retailers/Dealers Store), and By Geography (North America, Europe, Asia-Pacific, Middle East). Get five years of historical data and five-year market forecasts.

Home improvement stores form a mature industry dominated by two major companies, Home Depot and Lowe's. Both companies share similar product lines, which fuels high levels of price competition. Home improvement stores serve various markets, including do-it-for-me (DIFM), do-it-yourself (DIY) and professional customers. The most prominent influence on the performance of stores is activity in the residential market. Starting in 2021, spikes in inflation have cut consumers' spending power, while rising interest rates have constrained residential construction spending. While inflation has been tempered, the recent tariff announcements by the Trump administration remain a threat to product prices. Revenue for home improvement stores is expected to swell at a CAGR of 1.7% to $292.8 billion through the end of 2025, including growth of 1.9% in 2025 alone. The residential market boomed in 2020 as consumers stayed inside, resulting in more consumers with time to spend looking at new homes. Sales of home appliances, lumber, tools, hardware and lawn equipment were boosted. However, mounting inflationary pressure in 2022 led the Federal Reserve to raise interest rates. Since home improvement stores are tied to residential sector growth, rising interest rates cut housing sales that year, leading to faltering revenue. Since the pandemic, exploding e-commerce sales have been a boon for the industry. Home improvement stores will continue to improve their online platforms to strengthen sales in the coming years. Growing economic uncertainty has lifted sales of DIY products while limiting profit growth. Moving forward, interest rates are expected to drop, benefiting home improvement stores. Tariffs could result in higher interest rates, potentially upending the industry. Still, consumer spending power will remain relatively low, suppressing residential activity. Although residential activity is expected to slow, rising disposable income will boost spending on appliances and gardening equipment. There will be a trend of consumers opting for smaller appliances and upgrades rather than making significant investments in new construction or renovations. Home improvement store revenue is expected to climb at a CAGR of 2.1% to $325.3 billion through the end of 2030. The growing efficiency of online operations will cause profit to swell.

The rapid ascent of e-commerce and omnichannel strategies is reshaping consumer engagement and purchasing patterns, driving a wave of transformation across the retail trade sector. As of 2025, the sector is expected to log $7.4 trillion in revenue, although its growth is anticipated to decelerate slightly to 0.4% in the current year. Gen Z and millennials have championed the digital shopping revolution, pushing retailers to prioritize online sales and customer engagement platforms. However, brick-and-mortar stores retain a pivotal role in supporting ongoing customer engagement alongside the online momentum as retailers blend physical and digital experiences. As automation has augmented efficiency across operations, retailers have also strategically diversified product lines and incorporated sustainability into their brands to meet changing consumer expectations. Over the past five years, the retail sector has seen a compound annual growth rate of 2.2%, which underscores the impact of diversified strategies in maintaining momentum. The adoption of automation has produced mixed results. Self-checkout systems, for example, have reduced payroll expenses for businesses while streamlining the customer experience, though several studies have reported that some customer segments dislike self-checkout due to technological glitches and some retailers have struggled with implementation and reported a rise in theft. Major chains like Target have honed their product diversification strategies, transforming their stores into one-stop shops that blend essential goods with discretionary items and healthcare, driving up revenue in multiple categories. Sustainability is another theme of the current period, with the sector’s commitment marked by increased budgets for eco-friendly practices and a growing market for pre-owned goods. Despite high inflation during the period giving way to high interest rates that stayed stagnant for a year before beginning to fall again in September 2024, retailers managed to navigate the challenges of economic fluctuations and keep consumer interest high through diversification. A projected compound annual growth rate of 0.9% for the next five years would set revenue on a steady path toward an expected $7.7 trillion through the end of 2030. Artificial intelligence is set to further revolutionize retail operations, enhancing stock management, logistics and consumer personalization. Augmented and virtual reality technologies will prove integral to engaging the tech-savvy younger generations by offering novel ways to interact with products before purchase. However, global trade tensions and tariffs could challenge profitability as retailers manage higher import costs. Reverse logistics will thrive as consumers’ eco-consciousness continues to grow, turning returns into revenue opportunities and aligning with trends toward sustainable consumption. The sector’s profit is expected to remain steady over the next five years, bolstered by consumers’ willingness to trade up to items that mix luxury and affordability.

The global home improvement retail market is expected to reach a value of USD 1,290.8 billion by 2033, exhibiting a CAGR of 6.1% during the forecast period of 2025-2033. The expansion of the market can be attributed to the rising demand for home improvement projects fueled by growing disposable income, increased homeownership rates, and a shift towards do-it-yourself (DIY) projects. Additionally, the increasing popularity of smart home devices and systems is anticipated to drive market growth as consumers seek to enhance the functionality and convenience of their homes. Key trends shaping the home improvement retail market include the emergence of e-commerce, the growing popularity of sustainable and eco-friendly products, and the adoption of innovative technologies such as artificial intelligence (AI) and augmented reality (AR). The shift towards online retail has enabled consumers to easily access a wider selection of products and compare prices, while the adoption of AI and AR is enhancing the customer experience by providing personalized recommendations, virtual tours, and interactive product demos. These trends are expected to continue to drive market growth over the coming years, as consumers increasingly seek convenient, personalized, and sustainable home improvement solutions. The home improvement retail market is a large and growing industry, with a global market size of $663.3 billion in 2019. The market is expected to grow to $940.3 billion by 2027, at a compound annual growth rate (CAGR) of 4.7%. The growth of the home improvement retail market is being driven by a number of factors, including:

The increasing popularity of home improvement projects The rising cost of housing The aging population The growing number of single-family homes

The home improvement retail market is concentrated in a few major players, including The Home Depot, Lowe's, and Menard's. These companies have a strong presence in the United States and are expanding into other markets. The home improvement retail market is characterized by a number of trends, including:

The growing popularity of online shopping The increasing use of mobile devices for home improvement projects The rising demand for sustainable products The growing popularity of smart home products

The home improvement retail market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing popularity of home improvement projects, the rising cost of housing, the aging population, and the growing number of single-family homes.

Global Home Furnishings Stores market size is expected to reach $286.39 billion by 2029 at 5.5%, rising interest in interior design drives growth in home furnishings stores market

The global home improvement market size was valued at around USD 916.07 billion in 2024 and is projected to grow at a CAGR of more than 6.4%, reaching USD 2.05 trillion revenue by 2037. DIY segment is likely to hold 60% share by 2037, influenced by growing popularity of online retail channels and the economical and psychological benefits of DIY projects.

The Retail Industry Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Home Improvement Retail Market Outlook

The global market size of the Home Improvement Retail sector was valued at approximately $800 billion in 2023 and is forecasted to reach around $1.2 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5%. This robust growth is driven by several factors, including rising disposable incomes, increasing urbanization, and a growing trend towards DIY (Do-It-Yourself) home improvement activities.

The growth in the Home Improvement Retail market can be largely attributed to the rising disposable incomes and increased consumer spending on home renovations and improvements. As economic conditions improve globally, consumers have more financial resources to invest in their homes, making them more likely to purchase products from this market. Additionally, the growing trend of working from home has led many to consider revamping their living spaces to create a more conducive environment for work and leisure, further driving the market’s expansion.

Another significant growth factor is the surge in urbanization. With more people moving to urban areas, there is a heightened demand for housing and consequently for home improvement products. Urban dwellers are often more inclined to invest in modern and efficient home improvement solutions due to limited space and the high cost of living. This has led to an increased demand for innovative and space-saving home improvement products such as modular kitchens, multi-functional furniture, and energy-efficient appliances.

The rising popularity of DIY activities is also playing a crucial role in boosting the Home Improvement Retail market. With the plethora of online tutorials and resources available, more consumers are taking on home improvement projects themselves rather than hiring professionals. This trend is particularly strong among younger consumers who view DIY projects as a way to personalize their living spaces and save on labor costs. Retailers are responding to this trend by offering a wide range of DIY-friendly products and tools, as well as instructional content to aid consumers in their projects.

The regional outlook for the Home Improvement Retail market reveals that North America and Europe are the dominant regions, with significant growth also expected in the Asia Pacific region. North America holds a substantial share of the market due to the high rate of homeownership and the prevalence of DIY culture. Europe follows closely, driven by the region's aesthetic value on home decor and renovations. Meanwhile, the Asia Pacific region is anticipated to experience the highest growth rate, driven by increasing urbanization, rising disposable incomes, and a growing middle class. These factors create a fertile ground for the market to flourish in these regions.

Product Type Analysis

In the Home Improvement Retail market, products can be broadly categorized into several types: Building Materials, Home Decor, Tools and Hardware, Outdoor Living, and Others. The Building Materials segment holds a substantial share of the market due to the continuous demand for construction materials amidst growing urbanization and housing projects. This segment is crucial as it includes essential items like cement, bricks, and lumber, which are fundamental to any home improvement or construction project. The growing trend of sustainable and eco-friendly construction materials is further driving growth in this segment, as consumers become more environmentally conscious.

The Home Decor segment is gaining traction due to the rising interest in interior design and the personalization of living spaces. Consumers are increasingly investing in decorative items such as furniture, lighting, and accessories to enhance the aesthetic appeal of their homes. This segment is also influenced by trends in fashion and design, which are seeing a rapid evolution. The advent of digital platforms has made it easier for consumers to stay updated on the latest trends, thereby driving the demand for contemporary and stylish home decor products.

Tools and Hardware is another significant segment within the Home Improvement Retail market. This category includes essential tools, equipment, and hardware necessary for various home improvement tasks. The increase in DIY activities has led to a surge in demand for high-quality, user-friendly tools that cater to both novice and experienced DIY enthusiasts. Retailers are increasingly focusing on offering a wide range of tools that are easy to use and come with detailed instructions, thus catering to the growing DIY market.<

Global Furniture And Home Furnishings Stores market size is expected to reach $708.16 billion by 2029 at 6.5%, segmented as by type, furniture stores, home furnishings stores

Global Home Retail Market Research Report is Segmented by Type (Teleshopping, E-commerce and Mobile Shopping, and Other Types) and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

The E-Retail Market is Segmented by Product (home Appliances and Electronics, Clothing, Footwear and Accessories, Food and Personal Care, Furniture and Home Decor, and Other Products) and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers Market Size and Forecasts in Value (USD ) for all the Above Segments.

The Home Furnishings Stores industry is experiencing a period of growth fueled by shifting consumer preferences and the boost of hybrid work models. As consumers balance remote and in-office work, there's a growing emphasis on creating living spaces that cater to professional and personal needs. This trend increases demand for multifunctional and ergonomic furniture, propelling sales for retailers who offer innovative, adaptable solutions. Revenue has expanded at a CAGR of 6.3% over the past five years to reach an estimated $90.9 billion in 2025, when income is projected to hike by 0.4%. Heightened competition from online retailers like Amazon and Wayfair has led to fierce price wars and a race to the bottom. Many brick-and-mortar stores have struggled to maintain their profit despite a steady demand for home products. The convenience and accessibility of online shopping have shifted how consumers make purchasing decisions, with many opting for the ease of digital platforms over traditional in-store experiences. This shift has forced brick-and-mortar stores to invest in online strategies and enhance their in-store experiences to remain viable. The home furnishings industry will face a mix of opportunities and challenges. Consumer investment in home improvement will drive growth. However, hurdles like rising tariffs on imports from China, Mexico and Canada might lead to higher prices, impacting profitability and consumer affordability. As geopolitical tensions and trade policies shift, businesses must adapt their cost structures accordingly. Integrating omnichannel retailing becomes critical to remaining competitive. As consumer expectations evolve, creating seamless shopping experiences that blend online convenience with physical interaction is essential. Emphasizing personalization and sustainability will also be crucial, as shoppers increasingly demand products that reflect their tastes and environmental values. Over the next five years, revenue will hike at a CAGR of 1.1% to reach an estimated $96.1 billion in 2030.

The modern trade retail market, valued at $5.30 billion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.29% from 2025 to 2033. This expansion is fueled by several key drivers. The rising disposable incomes in developing economies are increasing consumer spending on a wider range of goods, boosting demand across various product categories. E-commerce penetration continues to rise, particularly within the food, beverage, and grocery, and personal care sectors, creating new avenues for retail expansion and consumer convenience. The increasing preference for organized retail formats, including supermarkets and hypermarkets, over traditional, smaller stores reflects a shift towards a more streamlined and convenient shopping experience. Furthermore, strategic partnerships between retailers and brands enhance product availability and marketing reach, contributing to market growth. However, challenges remain. Intense competition among established players and the emergence of new entrants necessitates continuous innovation and adaptation. Economic fluctuations and inflationary pressures impact consumer spending patterns, potentially influencing market growth trajectories. Effective supply chain management becomes crucial in navigating these uncertainties. Segmentation analysis reveals a dynamic market landscape. Food, beverage, and grocery dominate the product type segment, followed by personal and household care and apparel. Retail chains hold a significant market share, while the online channel exhibits strong growth potential, indicative of evolving consumer preferences. Geographic distribution shows diverse growth patterns, with North America and Asia Pacific expected to be key contributors to overall market expansion. The projected market size for 2033 can be estimated by applying the CAGR to the 2025 value. Assuming a consistent growth rate, the market is expected to experience significant expansion over the forecast period, driven by continued economic growth, changing consumer habits, and technological advancements within the retail sector. A robust competitive landscape necessitates that companies focus on strategic differentiators such as personalized customer experiences, enhanced supply chain agility, and innovative retail technologies to secure a prominent position within this expanding market. This also emphasizes the necessity for ongoing market research and adapting strategies to meet changing consumer demands and market dynamics. Recent developments include: August 2023: Italian luxury fashion brand Gucci and Chinese e-commerce giant JD.com, popularly known as Jingdong, have partnered digitally. With the launch of a new digital flagship shop on the e-commerce retailer's platform, the partnership will reach a significant milestone., May 2023: Walmart announced the launch of over 28 healthcare facilities in its supercenters, providing value-based and dental care services.. Key drivers for this market are: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Potential restraints include: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Notable trends are: Emergence of Omnichannel Retailing is Driving the Market.

The Global Retail Industry Market Size Was Worth USD 32 Trillion in 2023 and Is Expected To Reach USD 56.4 Trillion by 2032, CAGR of 6.5%.

The global home improvement retail market is poised for significant growth, with a projected CAGR of XX% during the forecast period 2025-2033. The market size is estimated at XXX million in 2025 and is expected to reach XXX million by 2033, driven by rising disposable income, increasing awareness of home improvement projects, and urbanization. The private home segment holds the largest market share due to the increasing preference for homeowners to enhance the quality of their homes and create a comfortable living space. Key industry players include The Home Depot, Inc., Lowe's Companies, Inc., and Groupe Adeo SA, among others. Factors propelling market growth include the surge in DIY (Do-it-yourself) home improvement projects, government incentives for home renovations, and the growing popularity of online home improvement platforms. However, economic downturns, the volatility of raw material prices, and supply chain disruptions pose challenges to market expansion. Regional variations in market dynamics are also evident, with North America and Europe dominating the market, while Asia-Pacific is expected to witness substantial growth in the coming years. The home improvement retail market encompasses a diverse range of businesses that cater to homeowners and construction professionals by providing building materials, home appliances, tools, and furnishings. Key market players include The Home Depot, Lowe's Companies, Inc., Groupe Adeo SA, Kingfisher plc, and others.

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Home Textile Retail Market Size 2025-2029

The home textile retail market size is forecast to increase by USD 74.7 billion, at a CAGR of 6.6% between 2024 and 2029.

The market is experiencing significant growth, driven by key trends such as innovation and portfolio extension leading to premiumization. companies are expanding their distribution channels to cater to the increasing consumer demand. However, the market is also facing challenges, including the volatility of raw material prices. These price fluctuations can impact the profitability of retail vendors and manufacturers. To remain competitive, companies are focusing on product innovation and diversification, as well as implementing cost-effective sourcing strategies. Additionally, the use of sustainable fabrics and eco-friendly materials is gaining popularity among consumers, making it essential for retailers to adapt to this trend. Overall, the market is expected to continue its growth trajectory, with companies leveraging these trends and addressing challenges to capitalize on the opportunities presented.

What will be the Size of the Home Textile Retail Market During the Forecast Period?

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The market encompasses a wide range of products, including bed linen, bath linen, kitchen linen, upholstery, and floor coverings, catering to modern homes and homeowners seeking to enhance their interior design and house decoration. The real estate industry plays a significant role in driving demand for home textiles, as affluent consumers and millennials increasingly prioritize personalized, internationally inspired designs for their living spaces.
The home textile industry offers various product categories, from furnishing fabrics to eco-friendly and synthetic fiber options, woven, knitted, or crocheted. Specialty stores and foreign brands dominate the organized retail sector, while e-commerce platforms continue to gain popularity. Eco-friendly and blend fiber products are emerging trends, reflecting consumers' growing awareness of sustainability and unique textures. Overall, the home textile market is a dynamic and evolving industry that caters to diverse consumer preferences and housing trends.

How is this Home Textile Retail Industry segmented and which is the largest segment?

The home textile retail industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  BBO
  Bed linen
  Carpets and rugs
  Upholstery
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

Home textile products, including bath linens, kitchen linens, bed linens, and bedspreads, as well as curtains, are predominantly sold through offline distribution channels. Retail formats, such as specialty stores, hypermarkets, department stores, convenience stores, supermarkets, and warehouse clubs, dominate the global market. Consumers seek personalized home textile products, leading to increased demand. These retail channels generate a substantial portion of the market revenue. The offline distribution channel holds a significant market share, with retail formats being the primary contributors.

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The offline segment was valued at USD 145.90 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 35% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region presents a substantial opportunity for international home textile brands to expand their reach in emerging economies, with China, Japan, and India leading the market. China, known for its export of home textiles, is driven by factors such as urbanization, increasing disposable income, and rising fashion consciousness towards home decoration. Urbanization and growing affluence in India and Japan are also contributing to the growth of the market in these countries. Additionally, markets in Thailand, Vietnam, South Korea, Indonesia, and Australia are significant contributors to the APAC home textile market. The region's home textile industry encompasses a wide range of products, including furnishing fabrics,

In 2023, Wayfair had retail sales of approximately ***** billion U.S. dollars in the United States. Williams-Sonoma was ranked second, with sales of about *** billion U.S. dollars that year. The home goods market in the United States The home goods market consists of the manufacture, distribution, and retail of home furniture, cookware, gardening equipment, and household accessories. The home décor market in the United States alone has been forecasted to generate **** billion U.S. dollars in revenue by 2028. The e-commerce segment of this market is also anticipated to witness growth over the next few years, with many consumers making their purchases online instead of at a physical home goods retailer. Furniture retail sales in the United States In 2024, almost ** percent of consumers surveyed shared that they would spend up to 1,000 U.S. dollars on furniture. The previous year, the average expenditure per consumer unit on furniture amounted to around ****** U.S. dollars. While Wayfair took the leading position amongst brick-and-mortar stores, consumers turned to Amazon, Home Depot, and Walmart when shopping for furniture online.

Number of Businesses statistics on the Home Improvement Stores industry in United States

In 2024, home improvement sales in the United States amounted to around ***** billion U.S. dollars. By 2028, this amount is expected to reach almost *** billion U.S. dollars. Home improvement chains With sales close the *** billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2023. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Sherwin-Williams, Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked fourth in 2024, while Menards received the highest ratings. The Home Depot Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of ***** U.S. dollars in 2024. Lowe’s customers, on the other hand, spent about ****** U.S. dollars per visit.

Over the course of 2024, in the United States, the retailer market share of home improvement sales on Amazon varied. The retailer market share started at just over ** percent at the beginning of the year. Throughout the year, the market share fell, before rising to around ** percent in the last month of the year.