Home furnishings is projected to see modest growth over the forecast period, supported by a stable macroeconomic outlook, ongoing real estate and housing developments, urbanisation, and continuous innovation in the retail landscape. Moderate inflation levels and rising consumer confidence are expected to encourage discretionary spending on both decorative and functional home items.
Lighting is expected to remain the most dynamic subcategory over the forecast period. The continued expansion of urban areas and new real estate developments are driving demand for advanced lighting solutions in both residential and commercial settings, generating strong interest in energy-efficient and design-oriented fixtures.
Over the forecast period, home furnishings is expected to be characterised by ongoing innovation across multiple subcategories. Building on the momentum of its “Green Choice” eco-friendly line, Our Home plans to launch a new collection of biodegradable-fibre furniture, including side tables, shelving units, and accent stools.
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Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Philippines 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 Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 definitionsThis report originates from Passport, our Home Furnishings research and analysis database.
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