[Ranking] TOP 25 Home Furnishings / Consumer Goods Companies Q3/2023
Intro
The home furnishings industry plays a critical role in the worldwide economy, providing essential products for consumers to create comfortable and stylish living spaces. From furniture and decor to appliances and textiles, this industry encompasses a wide range of products that are essential for every home.
With its profound influence, the home furnishings industry has ripple effects across diverse sectors. It drives demand for raw materials like wood, metal, and fabric, stimulating growth in related industries. Additionally, it fuels employment opportunities in manufacturing, retail, and design, supporting economic development and contributing to local communities.
The economic magnitude of the home furnishings industry is significant and continues to show an upward trajectory. According to market research, the global home furnishings market is expected to reach a value of over $800 billion by 2027, driven by factors such as urbanization, rising disposable incomes, and changing lifestyles.
Recent trends, breakthroughs, and obstacles are currently molding the home furnishings industry. Sustainability has emerged as a key focus, with companies adopting eco-friendly practices and offering sustainable products. The rise of e-commerce has also revolutionized the way consumers shop for home furnishings, creating new challenges and opportunities for companies in the industry.
The home furnishings industry operates in an ever-changing landscape, influenced by evolving consumer preferences, technological advancements, and global economic conditions. The exploration of the industry's leading companies is essential to understand their strategies, innovations, and contributions to the growth and development of the industry.
Ranking
#25 Pier 1 Imports, Inc.
Employees: 2.9K
Revenue: 355M$
Website: https://www.pier1.com/
Description: Pier 1 Imports, Inc. is a leading home furnishings retail company based in Fort Worth, United States. Founded in 1962, the company operates in the Home Furnishings industry, offering a wide range of unique furniture, decorative accessories, and seasonal decor. With a strong focus on quality and creativity, Pier 1 Imports has become a go-to destination for customers looking to add a touch of style and personality to their homes. The company's headquarters in Fort Worth serves as a hub for their operations in North America. With approximately 2.9 thousand employees, Pier 1 Imports generated a revenue of 355 million dollars. Through their website and brick-and-mortar stores, Pier 1 Imports continues to provide customers with inspiring and affordable home furnishings solutions.
#24 SodaStream International Ltd.
Employees: 3.5K
Revenue: 550M$
Website: https://www.sodastream.com/
Description: SodaStream International Ltd., headquartered in Tel Aviv, Israel, is a leading company in the Home Furnishings industry. Founded in 1903, the company has established itself as a prominent player in providing innovative solutions for carbonated beverages at home. With a workforce of approximately 3.5 thousand employees, SodaStream operates globally, offering its products and services to consumers across various continents. The company's revenue stands at around 550 million dollars, reflecting its strong market presence and customer demand. SodaStream's commitment to sustainability and reducing single-use plastic waste has made it a popular choice among environmentally conscious consumers, as its products enable users to create sparkling water and soda drinks at home, minimizing the need for disposable bottles and cans.
#23 Ethan Allen Interiors Inc.
Employees: 5K
Revenue: 800M$
Website: https://www.ethanallen.com/
Description: Ethan Allen Interiors Inc. is a leading company in the Home Furnishings industry. Headquartered in Danbury, United States, the company was founded in 1932. With a workforce of approximately 5,000 employees, Ethan Allen Interiors Inc. operates with a focus on providing high-quality home furnishings to consumers. The company's revenue stands at around 800 million dollars. Ethan Allen Interiors Inc. offers a wide range of furniture and decor products, catering to various interior design styles and preferences. Through its website and retail stores, the company serves customers across North America, providing innovative and stylish solutions for their homes.
#22 La-Z-Boy Incorporated
Employees: 8K
Revenue: 1.8B$
Website: https://www.la-z-boy.com
Description: La-Z-Boy Incorporated, headquartered in Monroe, United States, is a prominent player in the Home Furnishings industry. With a rich history dating back to 1927, the company has established itself as a leading manufacturer of comfortable and stylish furniture. La-Z-Boy offers a wide range of products including recliners, sofas, chairs, and tables, catering to the needs of both residential and commercial customers. The company's commitment to quality craftsmanship, innovative design, and personalized customer service has earned it a strong reputation in the market. With approximately 8,000 employees, La-Z-Boy generates an impressive revenue of 1.8 billion dollars, cementing its position as a key player in the industry.
#21 Masonite International Corporation
Employees: 10K
Revenue: 2B$
Website: https://www.masonite.com
Description: Masonite International Corporation, headquartered in Tampa, United States, is a leading player in the Home Furnishings industry. Established in 1925, the company has a workforce of approximately 10,000 employees. With annual revenue of around 2 billion dollars, Masonite operates in the Consumer Goods sector, focusing on providing innovative home furnishing solutions. They offer a wide range of products including interior and exterior doors, door components, and architectural hardware. The company's commitment to quality and sustainability has made them a trusted choice for homeowners, builders, and architects worldwide. Masonite continues to expand its market presence and deliver exceptional products that enhance the aesthetics and functionality of residential and commercial spaces.
#20 Tupperware Brands Corporation
Employees: 12K
Revenue: 2.3B$
Website: https://www.tupperwarebrands.com/
Description: Tupperware Brands Corporation, headquartered in Orlando, United States, is a prominent player in the Home Furnishings industry. Founded in 1946, the company has a workforce of approximately 12,000 employees. With an annual revenue of 2.3 billion dollars, Tupperware Brands Corporation has established itself as a leader in the industry. The company offers a wide range of innovative and high-quality home furnishing products, including food storage containers, kitchenware, and other household items. Tupperware Brands Corporation operates through various distribution channels, including direct sales, retail, and e-commerce. With a strong focus on sustainability and environmental responsibility, the company continues to provide consumers with reliable and durable home furnishing solutions.
#19 Herman Miller, Inc.
Employees: 8K
Revenue: 2.5B$
Website: https://www.hermanmiller.com/
Description: Herman Miller, Inc. is a renowned home furnishings company based in Zeeland, United States. Founded in 1905, the company has a rich history and extensive expertise in the consumer goods industry. With a workforce of approximately 8,000 employees, Herman Miller operates globally, designing and manufacturing a wide range of innovative and sustainable furniture solutions for homes. The company's revenue stands at an impressive 2.5 billion US dollars, reflecting its strong presence and success in the home furnishings market. Through its commitment to quality, design, and environmental responsibility, Herman Miller continues to shape the way people live and work, offering exceptional products that enhance the comfort, functionality, and aesthetics of residential spaces.
#18 RH (formerly Restoration Hardware Holdings, Inc.)
Employees: 5.5K
Revenue: 2.7B$
Website: https://www.rh.com
Description: RH (formerly Restoration Hardware Holdings, Inc.) is a leading company in the Home Furnishings industry. Headquartered in Corte Madera, United States, RH offers a wide range of luxury furniture, lighting, textiles, and decor for residential and commercial spaces. With a history dating back to 1979, the company has established itself as a premier brand known for its high-quality craftsmanship and timeless designs. RH operates a network of retail galleries, as well as an e-commerce platform, providing customers with a seamless shopping experience. With approximately 5,500 employees, RH continues to innovate and elevate the home furnishings industry with its unique product offerings and commitment to exceptional customer service. In 2020, the company reported revenue of 2.7 billion dollars, solidifying its position as a key player in the market.
#17 Steelcase Inc.
Employees: 10K
Revenue: 3B$
Website: https://www.steelcase.com/
Description: Steelcase Inc., headquartered in Grand Rapids, United States, is a leading company in the Home Furnishings industry. Since its founding in 1912, Steelcase has been dedicated to providing innovative and sustainable furniture solutions for homes. With a workforce of approximately 10,000 employees, the company strives to create products that enhance the comfort, productivity, and well-being of individuals in their living spaces. Steelcase generates an impressive revenue of 3 billion dollars, solidifying its position as a major player in the industry. Through its website, customers can explore a wide range of stylish and functional furniture options designed to transform their homes into personalized havens of comfort and style.
#16 Tempur Sealy International, Inc.
Employees: 6K
Revenue: 3B$
Website: https://www.tempursealy.com/
Description: Tempur Sealy International, Inc. is a prominent player in the Home Furnishings industry. Headquartered in Lexington, United States, the company was founded in 1992. With a workforce of approximately 6,000 employees, Tempur Sealy International specializes in the manufacturing and distribution of mattresses, pillows, and bedding products. The company operates through its well-known brands, including Tempur-Pedic, Sealy, and Stearns & Foster. Tempur Sealy International generates an impressive annual revenue of 3 billion dollars. With a strong presence in North America, the company continues to provide innovative sleep solutions to consumers, ensuring utmost comfort and quality in the home furnishings market.
#15 Snap-on Incorporated
Employees: 11K
Revenue: 3.7B$
Website: https://www.snapon.com/
Description: Snap-on Incorporated, headquartered in Kenosha, United States, is a prominent player in the Home Furnishings industry. Founded in 1920, the company has established itself as a leading provider of high-quality tools, equipment, and solutions for professional users. With a workforce of approximately 11,000 employees, Snap-on operates globally, catering to the needs of consumers in the home furnishings market. The company's revenue stands at an impressive 3.7 billion dollars, showcasing its strong presence and financial performance in the industry. Committed to innovation and customer satisfaction, Snap-on continues to deliver innovative solutions and exceptional products to enhance the productivity and efficiency of its customers in the home furnishings sector.
#14 Spectrum Brands Holdings, Inc.
Employees: 14K
Revenue: 4B$
Website: https://www.spectrumbrands.com/
Description: Spectrum Brands Holdings, Inc. is a leading player in the Home Furnishings industry. With its headquarters located in Middleton, United States, the company operates primarily in North America. Founded in 2005, Spectrum Brands Holdings has grown to become a major player in the industry, with a workforce of approximately 14,000 employees. The company generates significant revenue, with an estimated annual revenue of 4 billion dollars. Spectrum Brands Holdings offers a wide range of consumer goods in the Home Furnishings sector, including products for home improvement, home maintenance, and home decor. With its strong market presence and diverse product portfolio, Spectrum Brands Holdings continues to shape the Home Furnishings industry.
#13 Ashley Furniture Industries, Inc.
Employees: 30K
Revenue: 4.7B$
Website: https://www.ashleyfurniture.com/
Description: Headquartered in Arcadia, United States, Ashley Furniture Industries, Inc. is a prominent player in the Home Furnishings industry. The company was founded in 1945 and currently employs approximately 30,000 employees. With a revenue of 4.7 billion dollars, Ashley Furniture Industries offers a wide range of home furnishings including furniture, mattresses, lighting, decor, and more. They have established themselves as a leading manufacturer and retailer, with a strong focus on quality, affordability, and customer satisfaction. Through their website and retail stores, Ashley Furniture Industries caters to consumers seeking stylish and functional products to enhance their homes.
#12 Leggett & Platt, Incorporated
Employees: 23K
Revenue: 4.9B$
Website: https://www.leggett.com
Description: Leggett & Platt, Incorporated, based in Carthage, United States, is a leading company in the Home Furnishings industry. With a rich history dating back to 1883, the company has established itself as a prominent player in the market. Leggett & Platt operates in the Consumer Goods sector, focusing on the production of furniture and furnishings for homes. With a workforce of approximately 23,000 employees, the company has a strong presence in the industry. Leggett & Platt generates an impressive revenue of 4.9 billion dollars, demonstrating its financial strength and success in the market.
#11 Williams-Sonoma, Inc.
Employees: 20K
Revenue: 5B$
Website: https://www.williams-sonoma.com
Description: Williams-Sonoma, Inc. is a leading company in the Home Furnishings industry. With its headquarters based in San Francisco, United States, the company operates primarily in North America. Founded in 1956, Williams-Sonoma offers a wide range of high-quality home furnishings and kitchenware products through its various retail brands. The company has an extensive online presence and operates both e-commerce websites and physical stores. With a workforce of approximately 20,000 employees, Williams-Sonoma has established itself as a prominent player in the industry. In 2020, the company reported a revenue of 5 billion US dollars, showcasing its strong financial performance in the market.
#10 Fortune Brands Home & Security, Inc.
Employees: 24K
Revenue: 5B$
Website: https://www.fbhs.com
Description: Fortune Brands Home & Security, Inc. is a leading company in the Home Furnishings industry. Headquartered in Deerfield, United States, the company was founded in 2011. With a workforce of approximately 24,000 employees, Fortune Brands Home & Security operates in the consumer goods sector. The company generates an annual revenue of 5 billion US dollars. Fortune Brands Home & Security specializes in providing a wide range of home furnishings products and solutions to customers across North America. With a focus on innovation and quality, the company offers products such as cabinets, doors, faucets, locks, and windows. Through its portfolio of well-known brands, Fortune Brands Home & Security continues to be a trusted name in the home furnishings industry, providing customers with stylish and functional products for their homes.
#9 The Scotts Miracle-Gro Company
Employees: 4.5K
Revenue: 6.2B$
Website: https://www.scotts.com
Description: The Scotts Miracle-Gro Company, headquartered in Marysville, United States, is a leading player in the Home Furnishings industry. Founded in 1868, the company has established itself as a trusted name in providing innovative products and solutions for gardening and outdoor living. With a workforce of approximately 4.5 thousand employees, Scotts Miracle-Gro generates an impressive revenue of 6.2 billion dollars. The company offers a wide range of products including fertilizers, plant food, grass seed, soil, and pest control solutions. Scotts Miracle-Gro is dedicated to helping consumers create beautiful and healthy lawns, gardens, and landscapes, and is known for its commitment to sustainability and environmental stewardship.
#8 Masco Corporation
Employees: 30K
Revenue: 7B$
Website: https://www.masco.com
Description: Masco Corporation is a leading player in the Home Furnishings industry. Headquartered in Livonia, United States, the company has been operating since 1929. With a workforce of approximately 30,000 employees, Masco Corporation generates an impressive revenue of 7 billion dollars. The company specializes in providing innovative and high-quality home improvement and building products, serving both the professional and consumer markets. Their diverse product portfolio includes brands such as Behr paint, Delta Faucet, Milgard Windows & Doors, and KraftMaid Cabinetry. Masco Corporation is committed to driving growth through continuous innovation and meeting the evolving needs of its customers in the Home Furnishings industry.
#7 Newell Brands Inc.
Employees: 30K
Revenue: 9B$
Website: https://www.newellbrands.com/
Description: Newell Brands Inc. is a leading company in the Home Furnishings industry. Headquartered in Hoboken, United States, the company was founded in 1903. With a workforce of approximately 30,000 employees, Newell Brands Inc. operates globally, providing a wide range of consumer goods in the Home Furnishings sector. The company offers innovative and high-quality products to enhance and beautify homes, including household appliances, decor, furniture, and outdoor living solutions. Newell Brands Inc. is committed to delivering exceptional value to its customers, constantly striving to meet their evolving needs and preferences. With a revenue of 9 billion dollars, Newell Brands Inc. has established itself as a prominent player in the Home Furnishings industry, driving growth and innovation in the market.
#6 Mohawk Industries, Inc.
Employees: 40K
Revenue: 10B$
Website: https://www.mohawkind.com/
Description: Mohawk Industries, Inc. is a leading company in the Home Furnishings industry. Headquartered in Calhoun, United States, Mohawk Industries has been in operation since 1878. With a workforce of approximately 40,000 employees, the company is a major player in the industry. Mohawk Industries generates substantial revenue, with an estimated annual revenue of 10 billion dollars. The company is renowned for its expertise in the design, manufacturing, and distribution of a wide range of home furnishings products, including carpets, rugs, hardwood flooring, laminate flooring, and luxury vinyl tile. Mohawk Industries focuses on delivering high-quality, innovative products that enhance the aesthetic appeal and functionality of residential and commercial spaces. With a strong commitment to sustainability and customer satisfaction, Mohawk Industries continues to thrive in the competitive home furnishings market.
#5 Wayfair Inc.
Employees: 16K
Revenue: 12B$
Website: https://www.wayfair.com
Description: Wayfair Inc. is a leading company in the Home Furnishings industry. Headquartered in Boston, United States, Wayfair was founded in 2002. With a workforce of approximately 16,000 employees, the company operates a highly successful online platform that offers a wide range of home furnishings and décor products. Wayfair provides customers with an extensive selection of furniture, lighting, kitchenware, bedding, and other home essentials. The company's website is user-friendly, making it easy for customers to browse and purchase products. Wayfair has achieved remarkable success in the industry and is known for its competitive prices, high-quality products, and outstanding customer service. With annual revenues of around 12 billion dollars, Wayfair has established itself as a major player in the home furnishings market.
#4 Bed Bath & Beyond Inc.
Employees: 60K
Revenue: 12.2B$
Website: https://www.bedbathandbeyond.com/
Description: Bed Bath & Beyond Inc. is a leading retailer in the Home Furnishings industry. With its headquarters in Union, United States, the company operates primarily in North America. Founded in 1971, Bed Bath & Beyond offers a wide range of products including bedding, bath accessories, kitchenware, home decor, and furniture. The company has approximately 60,000 employees, serving millions of customers through its physical stores and online platform. Bed Bath & Beyond generates a revenue of around 12.2 billion dollars, making it one of the largest players in the home furnishings market. With a strong presence and a diverse product offering, the company continues to be a go-to destination for consumers seeking quality and stylish home goods.
#3 Stanley Black & Decker, Inc.
Employees: 60K
Revenue: 14B$
Website: https://www.stanleyblackanddecker.com/
Description: Stanley Black & Decker, Inc. is a leading company in the Home Furnishings industry. Headquartered in New Britain, United States, the company was founded in 1843. With a workforce of approximately 60,000 employees, Stanley Black & Decker operates globally, providing innovative solutions and products in the home furnishings sector. The company's revenue stands at around 14 billion dollars. Stanley Black & Decker is known for its wide range of consumer goods, including power tools, hand tools, home security solutions, and industrial equipment. With a strong presence in the market, the company continues to drive innovation and deliver quality products to enhance the lives of consumers in the home furnishings industry.
#2 Whirlpool Corporation
Employees: 77K
Revenue: 20B$
Website: https://www.whirlpoolcorp.com/
Description: Whirlpool Corporation, headquartered in Benton Harbor, United States, is a leading player in the Home Furnishings industry. With a rich history dating back to 1911, the company has established itself as a trusted provider of consumer goods. Whirlpool Corporation operates globally, offering a wide range of home appliances and furnishings to enhance the comfort and convenience of households. The company's diverse portfolio includes innovative and energy-efficient products such as refrigerators, washing machines, dryers, dishwashers, and cooking appliances. With a workforce of approximately 77,000 employees, Whirlpool Corporation is committed to delivering quality products that meet the evolving needs of consumers. In 2020, the company generated revenue of around 20 billion dollars, solidifying its position as a key player in the industry.
#1 IKEA
Employees: 211K
Revenue: 44.6B$
Website: https://www.ikea.com
Description: IKEA, headquartered in Delft, Netherlands, is a leading home furnishings company operating in the Consumer Goods industry. Founded in 1943, the company has grown to employ approximately 211,000 people worldwide. With a revenue of 44.6 billion dollars, IKEA has established itself as a major player in the market. The company is known for its wide range of affordable and stylish furniture, home accessories, and decor items. They offer a unique shopping experience, with their self-service model and flat-packed products, which are designed to reduce costs and allow for easy transportation. IKEA's commitment to sustainability is evident in their focus on renewable materials and energy efficiency. With their innovative designs and focus on customer satisfaction, IKEA continues to be a leading choice for consumers in the home furnishings industry.
Summary
The analysis of the top companies in the Home Furnishings sub-industry reveals some interesting findings. The ranking of these companies is based on their significant accomplishments and market position. Topping the list is Company X, known for its innovative designs and high-quality products. Company Y follows closely, known for its affordable yet stylish offerings. Other notable companies in the top rankings include Company Z and Company A, both known for their commitment to sustainability and eco-friendly practices.
One of the outstanding findings in this analysis is the rapid growth of online sales in the Home Furnishings sub-industry. Companies that have invested in robust e-commerce platforms have seen substantial revenue increases. Additionally, the rise of smart home technology has created new opportunities for companies in this sub-industry, with several firms incorporating technology into their products.
Company X, the leading company in the Home Furnishings sub-industry, is renowned for its cutting-edge designs and premium quality products. Company Y, the second-ranked company, stands out for its affordable and stylish offerings. Company Z and Company A, also among the top companies, are recognized for their commitment to sustainability and eco-friendly practices.
The top companies in the Home Furnishings sub-industry share some common elements that contribute to their prosperity. These companies prioritize innovation and design, constantly introducing new and trendy products to meet evolving customer preferences. They also invest in research and development to stay ahead of the competition, exploring new materials and manufacturing techniques to improve product quality and durability. Additionally, these leading firms have built strong distribution networks, ensuring their products are widely available to consumers.
What sets these top companies apart from their industry rivals are their unique qualities and approaches. Company X, for example, has established itself as a leader in sustainable manufacturing practices, using environmentally friendly materials and reducing waste. Company Y focuses on affordability without compromising on style, targeting price-conscious consumers. Company Z and Company A stand out for their strong social responsibility initiatives, supporting local artisans and advocating for fair trade practices.