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Global Home Furniture Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Home Furniture

The report focuses on the favorable Global “Home Furniture market” and its expanding nature. The Home Furniture market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The home furniture refers to the category of products, which occupy the physical ambiance of a house. Home furnishings retailers include national chains and independent stores. The market is expected to register a CAGR of 5.2% in the forecast period, 2019-2024.
  • – The growing need for shifting and settling down has led to an upsurge in the demand for home furniture.
  • – Increasing demand for smart furniture is also projected to contribute toward the growth of the global home furniture market significantly.
  • – Increasing deterioration in the quality of the furniture has led the customers to purchase home furniture, globally. Low lending rates, along with the penetration of online stores in emerging economies, may surge the global market share.
  • – The global market is highly adaptive as per the changing trends and observes increasing competition from new entrants.
  • – The number of single- and two-person households has been increasing, resulting in the demand for small and portable furniture. Consumers have also been looking for furniture that is multi-purpose, foldable, and technology-driven, especially when it comes to living in smaller spaces.
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    Key Manufacturers

  • Ikea
  • Bed Bath & Beyond Inc.
  • Williams
  • Sonoma Inc.
  • Target Corporation
  • Wayfair Inc.
  • Home Depot Inc.
  • Ashley Furniture Industries Inc.
  • Heritage Home Group
  • La
  • Z
  • Boy
  • Rooms To Go
  • Mattress Firm
  • Herman Miller *

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Home Furniture market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Home Furniture market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Home Furniture market have also been involved in the study.

    Scope of the Report:

  • A complete background analysis of the global home furniture market, which includes assessment of the economy, contribution of the sectors in the economy, market overview and market size estimation for the key segments, emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.

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    TOC of Home Furniture Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Home Furniture market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Home Furniture Market Report Covered:

    • The report analyses how Home Furniture market will grow in the future.
    • Analyzing various perspectives of the Home Furniture market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Home Furniture market shares and policies employed by the major market players.
    • Competitive landscape including the Home Furniture market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Home Furniture market players

    Key Market Trends:

    Bedroom Furniture Segment

    The rising demand for multifunctional furniture is expected to bolster the growth prospects of the bedroom segment. With an expanding global population, the real estate prices have plummeted significantly in most parts of the world, especially in cities and urban areas. This has led to a considerable reduction in house sizes. As rooms are getting smaller, customers are increasingly looking for furniture that is compact and easily movable to allow for efficient use of the available space. To cater to such requirements, the vendor companies have introduced multifunctional furniture with storage facilities. Most modern furniture products, like tables and beds, come with additional storage spaces.

    Living Room and Dining Room Furniture Segment

    This market segment includes furniture used in living rooms, parlors, lounges, lobbies, and dining rooms. This segment includes sofas, chairs, coffee and dining tables, bookshelves, and other pieces of furniture for storage. The global home furniture market focuses on furniture that is made primarily of wood and used in living and dining rooms. It includes a bar, coffee, and other occasional side tables, dining and buffet tables, TV and media stands, bookshelves, wine, and other cabinets, chests, and other living and dining room storage furniture.

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    Study objectives of Home Furniture Market Report:

    • To provide a detailed analysis of the market structure along with the Home Furniture market forecast of various segments and sub-segments of the Home Furniture market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Home Furniture market trends that influence the global Home Furniture market

    Detailed TOC of Home Furniture Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Trends Influencing the Global Home Furniture Market
    4.5 Value Chain Analysis of the Global Home Furniture Market
    4.6 Millennials and the Housing Market
    4.7 Porter’s Five Forces Analysis
    4.8 E-commerce Impact on the Global Home Furniture Market
    4.9 Technological Innovations

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Furniture
    5.1.1.1 Living Room and Dining Room Furniture
    5.1.1.2 Bedroom Furniture
    5.1.1.3 Kitchen Furniture
    5.1.1.4 Lamps and Lighting Furniture
    5.1.1.5 Plastic and Other Furniture
    5.2 By Distribution Channel
    5.2.1 Offline
    5.2.2 Online
    5.3 Geography
    5.3.1 North America
    5.3.2 South America
    5.3.3 Europe
    5.3.4 Asia-Pacific
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Ikea
    6.1.2 Bed Bath & Beyond Inc.
    6.1.3 Williams-Sonoma Inc.
    6.1.4 Target Corporation
    6.1.5 Wayfair Inc.
    6.1.6 Home Depot Inc.
    6.1.7 Ashley Furniture Industries Inc.
    6.1.8 Heritage Home Group
    6.1.9 La-Z-Boy
    6.1.10 Rooms To Go
    6.1.11 Mattress Firm
    6.1.12 Herman Miller *

    7 INVESTMENT ANALYSIS ON THE GLOBAL HOME FURNITURE MARKET

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    9 APPENDIX

     

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