Trends in the home furnishings industry to 2024

With the gradual increase in consumer spending power, the rapid development of information technology has brought great changes to people's lives. In recent years, the smart home with its intelligent and convenient home experience has gradually been favored by consumers and become the new darling of the home market.

Living Room Cabinets, Electric Standing Desk and Mdf Table Top as the Internet of Things application landing more mature field, the product variety is constantly enriched, the market scale is rapidly expanding.

Global home industry market size

Data show that the global home furnishing market size showed a fluctuating upward trend from 2010-2025.In 2021, the global home furnishing market size was $496.2 billion, with a year-on-year growth rate of 9.7%.It is expected that the global home furnishing market size will continue to grow in the next four years, but its growth rate is maintained at about 3%. Analysts at AiMedia Consulting believe that although the global home furnishing industry has been affected by the epidemic, there is a large upside in its market size, and competition among brands has intensified.