Home furnishings in Taiwan showed an improved performance in current value growth terms in 2024. This was partly explained by an upturn in residential construction activity, with the number of households in the country rising at a significantly faster pace than in 2023. Sales were further buoyed by falling inflation and other favourable macroeconomic indicators, which bolstered confidence and purchasing power among the population. Additionally, consumers were motivated to invest more in enhancin

In 2024, the UK’s home furnishings market saw a decline in value sales, driven primarily by persistent economic pressures that led consumers to prioritise essential spending. Spending on home improvements and DIY also declined, indicating a broader shift away from discretionary purchases in home décor and furniture. Sales of furniture and lighting experienced consistent year-on-year declines, both in-store and online, reflecting the overall softness in consumer demand.

In 2024, value sales of home furnishings in the US declined significantly due to a sluggish housing market and shifting consumer priorities to services like healthcare and education. With existing-home sales projected to hit their lowest level since 1995, and a rise in mortgage rates during late 2024, consumer demand for home furnishings remained subdued. This slowdown impacted retailers like LL Flooring, which filed for Chapter 11 bankruptcy and began closing half of its stores. Companies such

The home furnishings market in Malaysia saw modest growth in current value terms in 2024, driven by a combination of evolving lifestyles, rapid urban development, and targeted strategies by major retailers. The continued adoption of remote and hybrid work models increased demand for functional and comfortable home office set-ups, while the launch of new residential projects spurred investments in bedroom furniture and storage solutions.

The Dutch home furnishings market experienced a notable decline in value sales in 2024, driven by several interrelated factors. Economic challenges, including reduced household consumption and a contraction in GDP, have led consumers to prioritise essential spending over discretionary purchases like home furnishings. In addition, rising prices for furniture and home decoration due to the increased cost of raw materials and energy, have further dampened consumer demand.

Values sales of home furnishings experienced further, but slowed, growth in 2024 due to high inflation. Volume sales, meanwhile, recorded a marked decline as a result of a complex interplay of macroeconomic pressures, restricted financial access, and shifting consumer behaviour. This trend is having a significant dampening effect on the overall home and garden industry, particularly the indoor furniture segment. Persistent inflation and currency volatility have led to a spike in raw material and

In 2024, value sales of home furnishings witnessed strong growth in South Korea driven by lifestyle and economic trends. With most of the population living in high-rise apartments, particularly in densely populated regions like Seoul and Gyeonggi Province, there was rising demand for compact, multifunctional furniture that maximises limited space while aligning with the minimalist, modern interiors favoured by South Koreans. The government’s push for housing stability through renovation subsidie

Home furnishing registered a fall in current value sales in 2024 in Poland. The downturn was primarily driven by high production costs, persistent inflation, and economic uncertainty, particularly linked to the ongoing war in Ukraine. These pressures affected both manufacturers, as rising material and energy prices made it difficult to maintain competitive pricing. For consumers, though inflation eased, it was still an issue, and this reduced spending power. Supply chain disruptions further exac

Sales of home furnishings in South Africa recorded positive growth in current value terms in 2024. While inflation and rising prices contributed to this trend, one key driver was continued consumer investment in creating multifunctional and living spaces. This sustained demand supported a market shift toward versatile furniture and adaptable textiles that combined comfort with practicality.

In 2024, home furnishings in Argentina experienced notable growth, driven by evolving consumer preferences and strategic expansions by key retailers. Brands such as Sodimac and Easy strengthened their positions by enhancing their product assortments and investing in e-commerce platforms, catering to the increasing demand for stylish and functional furniture. The rise of online shopping further facilitated access to a wide range of affordable home furnishings, enabling consumers to personalise li

Home furnishing maintained positive sales in Brazil in 2024, albeit at a lower level of performance when compared to other categories and sales seen over the past two years, driven by the overall same trends, but with the category more vulnerable to consumers’ restrained spending due to being more of a discretionary area of spending. This slowdown is attributed to persistent macroeconomic challenges, including higher-than-expected inflation and interest rates. Whilst inflation is slowing down co

Home furnishings experienced robust current value sales growth in the Philippines in 2024, driven by evolving consumer preferences and design trends. Interior design experts noted a shift towards warm, organic colour palettes, particularly earthy browns and muted greens, combined with natural, tactile materials such as bouclé. These elements bring a balance of contemporary style and comfort to home interiors. Local consumers increasingly prioritised multifunctional furniture, such as modular sea

Retail current value sales of home furnishings continued to grow in 2024, albeit at a slightly slower pace than in the previous year, as inflation remained elevated–albeit significantly lower than in the previous two years–prompting Romanian households to moderate spending in this category. Indoor furniture sales exhibited modest growth, driven by continued demand for beds, mattresses and wardrobes, supported by local manufacturing and an increase in imports of modular dining tables and home off

Home furnishings in Ukraine registered healthy current value growth in 2024, though constant value growth was muted, as inflation remained an issue. Manufacturers are increasingly adopting eco-friendly practices and advanced technologies such as zero-waste production lines and handcrafted sustainable furniture to meet rising demand for responsible consumption. Regions like Rivne have emerged as key production hubs, attracting foreign direct investment and fostering international partnerships tha

Sales of home furnishings saw moderate growth in current value terms in Japan in 2024, driven by urbanisation and the country’s ageing population, with strong contributions from leading brands like Toto, LIXIL, and Makita. Consumers are increasingly seeking space-efficient and multifunctional solutions, particularly in the large number of compact urban homes. Popular products included space-saving bathroom fixtures from Toto and LIXIL, as well as ergonomic home furnishings from Makita and Ryobi.

Home furnishings in India continued to see strong retail current value sales growth in 2024, driven by urbanisation, rising disposable incomes and changing lifestyles. The category is thriving due to the increasing demand for modular and multifunctional furniture, technological advancements and the integration of smart home features. Key trends include adaptive living solutions, sustainability, digitalisation, personalisation, luxury and a focus on health and wellness. These factors collectively

Home furnishings in Hong Kong witnessed value sales decline in 2024 amid economic challenges, evolving consumer preferences, structural shifts in the retail landscape, and market saturation. The prolonged downturn in overall retail activity was impacted by cautionary spending, amid rising living costs the strong local currency. Home furnishings is already mature in Hong Kong and there is limited demand for new purchases as most households have already acquired essential items. Many households ha

Home furnishings managed to maintain small positive value sales in 2024, at lower rates of growth than seen in the recent review period, due to the same cross-category reasons of consumer price-sensitivity. Regarding positive drivers, the widespread adoption of hybrid work models has encouraged residents to invest in creating more comfortable and functional living spaces. Younger homeowners, especially those moving into new built-to-order Housing and Development Board (HBD) flats—which are a key

Sales of home furnishings experienced steady growth in current value terms in 2024, driven by several key consumer trends and market dynamics. For instance, the demand for smart home technology surged as integrated devices that offer convenience, energy efficiency, and security became a priority for homeowners. Consumers increasingly sought sustainable and eco-friendly products, with environmentally responsible home furnishings gaining traction in the market. Customisation also played a crucial

Value sales of home furnishings increased in 2024. The rise in sales was primarily supported by robust renovation activity, a continued boom in condo and rental-unit construction, and evolving lifestyle preferences. Higher housing starts, particularly apartments and condominiums, drove demand among urban renters and first-time buyers, who, constrained by tighter budgets and smaller living spaces, increasingly sought furniture that could serve multiple functions within compact rooms. The Canadian

Value sales of home furnishings achieved only marginal value growth in Thailand in 2024, due to economic uncertainties and shifting consumer priorities. Indeed, this situation is being driven by weakened consumer confidence amid rising living costs, high household debt, and limited access to credit due to tighter lending policies. The sluggish recovery of the residential real estate sector, traditionally a key growth driver, has also contributed to reduced demand for large-scale furniture purcha

In 2024, home furnishings in the United Arab Emirates experienced further value growth, driven by several key factors. Urbanisation and a robust real estate sector led to increased demand for stylish and functional home furnishings, particularly in cities such as Dubai and Abu Dhabi. The influx of expatriates and a growing population further heightened demand, as diverse preferences required a wide range of home furnishings. Additionally, rising disposable incomes encouraged consumers to invest

The market for home furnishings in Sweden continued to struggle in 2024, in light of broader macroeconomic pressures. The Riksbank’s tight monetary policy, combined with persistently high interest rates and inflation, eroded real household incomes and dampened consumer confidence. With banks maintaining a cautious approach to lending, access to mortgages and consumer credit remained limited, curbing spending on discretionary items such as furniture. Reflecting these conditions, a growing number

Home furnishings in Switzerland continued its downward trajectory in 2024, impacted by ongoing economic caution and subdued discretionary spending. Although inflation eased somewhat, consumers remained reluctant to invest in high-ticket items such as indoor furniture, especially as uncertainty lingered around interest rates and household budgets. The restrained economic outlook, coupled with the longer replacement cycles typical in this category, suppressed demand across key segments. Indoor liv