The Latest Housewares Industry Statistics Explained
The global housewares market size was valued at USD 337.8 billion in 2018.
The statistic indicates that the total value of the global housewares market in 2018 was estimated to be USD 337.8 billion. This figure represents the combined value of all houseware products sold worldwide during that year, encompassing a wide range of household items such as kitchenware, home decor, storage solutions, and cleaning products. The size of the housewares market provides insights into consumer spending patterns, trends in home improvement and lifestyle preferences, and the overall health and growth potential of the global retail industry. This statistic serves as a key indicator for businesses, policymakers, and researchers to understand the significance and impact of the housewares sector on the global economy.
North America accounted for more than 30% of the overall revenue share in 2018.
This statistic indicates that North America contributed more than 30% of the total revenue generated in 2018, making it a significant region in terms of revenue generation for the organization or market being analyzed. The 30% share suggests that North America plays a crucial role in the overall financial performance and likely holds a dominant position compared to other regions. This information is valuable for decision-making purposes, as it highlights the importance of North America in driving revenue and may influence strategic planning, marketing efforts, and resource allocation to maximize profitability in this region.
The online sales of housewares products witnessed a 17% increase in 2017 compared to the previous year.
The statistic indicates that the online sales of housewares products experienced a significant growth of 17% in 2017 when compared to the sales figures from the previous year. This increase suggests a positive trend in consumer interest and purchasing behavior towards housewares products through online channels. The rise can be attributed to various factors such as increased e-commerce adoption, convenience of online shopping, competitive pricing, and a wider product selection. The 17% increase signifies a substantial boost in revenue for the housewares industry and highlights the potential for further growth in the online retail sector in the coming years.
Online retail has a recorded projection of $50 billion in sales for housewares in 2019.
The statistic reveals that the online retail industry is expected to generate $50 billion in sales specifically for housewares in the year 2019. This projection indicates a significant market opportunity for online retailers specializing in household items, as consumers increasingly turn to e-commerce for their shopping needs. The substantial sales figure suggests a growing trend of consumers purchasing housewares online, likely due to the convenience, variety, and competitive pricing offered by online retailers. This statistic underscores the importance of the online retail sector in the housewares market and highlights the potential for continued growth and profitability in this industry.
Home organization products account for over 25% of the overall revenue in the housewares industry.
This statistic indicates that home organization products play a significant role in contributing to the revenue generated by the housewares industry, comprising more than a quarter (25%) of the total revenue. This suggests that consumers are actively investing in products that help them organize and optimize their living spaces. The prominence of home organization products in generating revenue underscores the importance that consumers place on maintaining organized and efficient homes. Businesses within the housewares industry may therefore focus on developing and marketing a diverse range of home organization products to cater to this demand and capitalize on this lucrative segment of the market.
The kitchenware segment accounts for 60% of the total housewares industry.
This statistic indicates that out of the total housewares industry, the kitchenware segment constitutes 60%. This suggests that kitchenware products such as cookware, utensils, appliances, and other items play a significant role in the housewares industry. The dominance of the kitchenware segment may reflect consumer preferences for kitchen-related products, as well as the importance of cooking and food preparation in households. Businesses operating within the housewares industry may want to pay close attention to the kitchenware segment due to its substantial share of the market.
The global housewares market is expected to grow at a CAGR of about 3.7% from 2021 to 2030.
This statistic indicates that the global housewares market is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 3.7% from the year 2021 to 2030. This growth rate suggests a steady and consistent increase in the overall market size and value over the specified period. The statistic implies that there is expected to be a sustained demand for housewares products worldwide, driven by factors such as changing consumer lifestyles, increasing disposable incomes, and evolving trends in home decor and living spaces. The CAGR figure provides a useful metric for forecasting and assessing the long-term growth potential of the housewares industry, aiding businesses in making strategic decisions and investments in this market segment.
Around 20% of housewares sales in 2017 were made online.
The statistic that around 20% of housewares sales in 2017 were made online indicates the significant growth of e-commerce within the housewares industry during that year. This suggests that consumers are increasingly turning to online retail channels to purchase household items such as kitchen appliances, home decor, and furniture. The rise in online sales could be attributed to factors such as the convenience of shopping from home, a wider variety of products available online, and competitive pricing. This statistic highlights the importance for traditional brick-and-mortar retailers in the housewares sector to adapt to the digital landscape and invest in their online presence in order to remain competitive and meet changing consumer preferences.
Cookware contributed to more than 55% of the total revenue from the housewares sector in 2019.
The statistic suggests that cookware was a major driver of revenue within the housewares sector in 2019, accounting for more than half of the total revenue generated by products in this category. This indicates that cookware products were in high demand and were particularly successful among consumers compared to other housewares products. The significant contribution of cookware to the total revenue highlights its importance as a lucrative and impactful segment within the housewares industry, showcasing its popularity and profitability in the market during that year.
Europe held a significant share of over 29% in the housewares market in 2020.
This statistic indicates that Europe had a substantial presence in the global housewares market in 2020, accounting for more than a quarter of the market share. A share of over 29% signifies that European countries collectively held a major portion of the market, showcasing their prominence and influence in the housewares industry. This suggests that European consumers have a strong demand for housewares products, and European companies are likely significant players in manufacturing, distributing, and selling housewares goods. The statistic highlights Europe’s importance in the global housewares market landscape and underscores the region’s competitiveness and potential for industry growth.
Nearly 70% of US consumers buy home goods online.
The statistic “Nearly 70% of US consumers buy home goods online” indicates that a significant majority of consumers in the United States prefer to purchase home goods through online channels rather than traditional brick-and-mortar stores. This trend highlights the growing popularity and acceptance of e-commerce platforms for shopping for home-related products. Factors such as convenience, a wide variety of choices, competitive pricing, and the ability to compare products easily online likely contribute to this increasing preference for online shopping. The statistic underscores the significant impact of e-commerce on the retail industry and consumer behavior, suggesting a continued shift towards online shopping for home goods.
The Asian housewares market is projected to register a CAGR of over 4.5% during 2020-2025.
This statistic indicates that the Asian housewares market is expected to experience a Compound Annual Growth Rate (CAGR) of more than 4.5% from 2020 to 2025. A CAGR provides a smooth annual growth rate over a specified period, in this case, five years. A CAGR of over 4.5% suggests a positive growth trajectory for the market, with increasing demand and potential opportunities for businesses operating within the Asian housewares sector. This projection reflects optimism regarding the market’s expansion and consumer interest in houseware products in the region over the coming years.
In the US, the kitchen and bath market size was $158.11 billion in 2021.
This statistic indicates that the total market size for the kitchen and bath industry in the United States reached $158.11 billion in the year 2021. This value represents the total revenue generated by the sale of products and services related to kitchens and bathrooms within the country during that year. The significant market size suggests that there is a substantial demand for kitchen and bath products among consumers in the US. This information can be valuable for businesses operating in this industry, helping them understand the market potential and opportunities for growth and expansion.
In 2020, 50% of the EU population bought home furnishing and housewares online.
The statistic ‘In 2020, 50% of the EU population bought home furnishing and housewares online’ indicates that half of the population in the European Union purchased items such as furniture, home decor, and household goods through online retail channels during the specified period. This data highlights a significant trend towards online shopping for home-related products within the region, showcasing a shift in consumer behavior towards e-commerce platforms. Factors such as convenience, availability of a wide range of products, and potentially competitive pricing may have contributed to this notable increase in online purchases of home furnishing and housewares among EU residents in 2020.
In 2018, kitchenware and home furnishings stores in the United States generated about 24.36 billion U.S. dollars in sales.
The statistic indicates that in 2018, kitchenware and home furnishings stores in the United States collectively generated approximately 24.36 billion U.S. dollars in sales. This figure reflects the total revenue generated by these retail establishments through the sale of various kitchenware products and home furnishings including items such as cookware, tableware, furniture, bedding, and decorative accessories. The high sales revenue suggests a strong demand for kitchenware and home furnishings products in the U.S. market during that year, potentially driven by factors such as consumer preferences for home improvement, increased disposable income, and lifestyle trends influencing purchasing decisions in this segment of the retail industry.
In 2021, the average annual expenditure on housekeeping supplies in the United States per consumer unit was 185.9 U.S. dollars.
The statistic provided indicates that in 2021, the average annual spending on housekeeping supplies by a consumer unit in the United States was $185.9. This figure reflects the typical amount of money that each household or consumer unit in the country spent on items such as cleaning products, detergents, and other supplies used to maintain their homes. This data point is important for understanding consumer behavior and economic trends related to household necessities. It can also be used by businesses in the housekeeping supplies industry to analyze market demand and make strategic decisions.
References
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