Following a further decline in sales in 2024, home furnishings in Taiwan will experience a stagnant performance in constant value terms (2023 prices) over the forecast period. Growth will be hampered by the uncertain economic outlook, which will mean that consumers will remain reluctant to spend their hard-earned money on discretionary purchases.
During the forecast period, Taiwanese consumers will increasingly look to integrate the latest smart technology into their homes, with the result that they will look for furniture with features such as cable management solutions and built-in charging ports, ensuring a functional and clutter-free living space. In the bedroom, which is traditionally a utilitarian space, smart beds with sleep tracking and smartphone-controlled adjustable settings are expected to gain popularity, in keeping with a growing demand for personalised sleep solutions.
High-quality mattresses that promote a restful sleep are expected to be highly sought after during the forecast period, in line with a growing emphasis on relaxation and personal wellbeing. Consumers are increasingly prioritising comfort, support, and durability when choosing these products, with a growing preference for options that offer pressure relief and which can adapt to various sleep positions.
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Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See All of Our DefinitionsThis report originates from Passport, our Home Furnishings research and analysis database.
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