Posted on Jun 10 2019 5:58 AM
"Global Home Furniture Market data equips players to plan powerful strategies ahead of time. The Global Home Furniture report offers deep geographical analysis where key regional and country level markets are brought to light. "
Global Global Home Furniture Market report is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
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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.
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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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.
The report covers major international players operating in the global home furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Competition for home furnishing stores includes department stores, mass merchandisers, home improvement stores, and online and mail-order retailers. Brick-and-mortar home furnishings stores are facing increasing competition from a proliferation of direct online merchants. Online-only retailers are gaining market share, as consumers shift to buying home furnishings and housewares over the internet. Mergers, acquisitions, and collaborations are among the key strategies adopted by the manufacturers. For instance, in June 2018, Herman Miller acquired a 33% stake in Nine United Denmark A/S. The other strategies observed in the industry include new product development and distribution network expansion to enhance business revenues.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Key Features of Global Home Furniture Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the Global Home Furniture market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the Global Home Furniture market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the Global Home Furniture market.
Price of Report (single User Licence): $ 4250
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Some of Toc Points in Global Home Furniture Market Report are:-
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
4.4 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
188.8.131.52 Living Room and Dining Room Furniture
184.108.40.206 Bedroom Furniture
220.127.116.11 Kitchen Furniture
18.104.22.168 Lamps and Lighting Furniture
22.214.171.124 Plastic and Other Furniture
5.2 By Distribution Channel
5.3.1 North America
5.3.2 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
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
6.1.10 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
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Mr. Ajay More
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