Today: February 13, 2016, 4:17 pm

Global home furnishings market lead by China and Latin America
Home Furnishings: Category Overview - a new market research report on 2014-03-21 14:00:05
Global sales of home furnishings fell sharply in 2008 and 2009, as the credit crunch weighed heavily on global economic growth, with developed markets struggling to recover since.

The economic crisis reduced incomes, depressed residential home values and undermined consumer confidence, leaving many reluctant to spend. Many consumers deleveraged (paid back debt) or were unable to borrow. Lending is an important driver of sales of big-ticket items, particularly in indoor furniture.

However, in such emerging markets as China and Brazil, these factors were mainly positive: Gross consumer lending grew by 62% in Latin America (to US$703.3 billion) and surged by 356% in China (to US$573.2 billion) between 2006 and 2011.

Performance of property market vital

Fluctuations in activity levels in the residential property market have had a huge impact on the home furnishings sector in recent years, particularly in China and the US.

Burgeoning middle class drives demand in emerging markets

Urbanisation and income growth in such markets as China, India and Indonesia are driving a rapid expansion in the number of middle class consumers with discretionary income to spend on home improvement.

Weak consumer confidence undermines developed economies

Weak labour markets, deleveraging by households and government austerity measures have helped to subdue consumer demand for home furnishings in North America, Western Europe, Japan and Australia.

Click for report details: ..

Browse all Consumer Goods Market Research Reports ..

Browse all Consumer Goods Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 412 Words
Related Articles
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..] Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.