Increasing number of millennials is influencing home decoration trends. Their unique taste and standards of living are reflected in their home accessories. According to researches, the global homewares market is expected to touch US$ 200 Billion by 2031. Increasing number of households, rising income and increased employment rate are some of the factors that are contributing to the growth of the industry. Also, textile industry is expected to grow at a CAGR of 7.2% in the next 10 years. Read the full info here
Cracking The Trends In Homewares And Gifts Among Millennials Code
In the U.S., the homewares market is expected to grow at a CAGR of more than 4% during the forecast period. The increase in the number of households with millennials is also fueling demand for periodic home decoration products. Another factor that is driving the growth of the market is the growing gifting culture among millennials, who are more affluent than other age groups. Additionally, a growing number of consumers in the U.S. use at least one houseware product per day, which is partly attributed to the ease of life in the U.S.
There are many benefits of choosing the right homewares for your home. These products can help you achieve the look you want. With a range of styles, colors, and materials to choose from, homewares can add subtle touches to any theme or style. Some of the most popular homewares in the U.S. are bed sheets, tableware, flower pots, and linen. It is important to take your time and make the right choice for your space. A beautiful ensemble will create an inviting, luxurious atmosphere for your guests.