Marketing and wood furniture industry

Global furniture industry statistics pdf

Manufacturing companies of semi finished wooden furniture in Europe represent mainly the upstream category of value chain. Competitive Analysis To go global many furniture designers are always on the lookout for international styles. Low toxicity is also a priority items on customers list, when shopping for an environment friendly furniture because they want to reduce their negative impact on health. Additionally, increasing demand for living room furniture followed by bedroom and kitchen and dining furniture is anticipated to drive the market. This factor is anticipated to drive the demand the market growth in the forthcoming years. Get more information on this report : Request Sample Pages Key Benefits The study draws insight from extensive analysis and critical facts on global luxury furniture market. Though eco-friendly furniture is associated with premium prices, the demand for such furniture is increasing. Nowadays, theme-based home decor and conducting regular renovation of homes is an on-going trend followed by consumers belonging to middle and upper-middle class populations of the urban economy.

End Use Insights The end-use segment is categorized into residential and commercial. Hardwood is used for making high- quality luxury furniture, on the contrary softwood makes good medium density furniture.

Today, home furniture serves requirements like customization, where home equipment or office files not in use are concealed.

Global furniture market pdf

As technology progresses, furniture designers get more innovative and daring with their designs. Often crafted out of metal, glass, wood and so on, they add to the aesthetic value of an establishment such as homes, hotels, offices and other indoor or outdoor areas. Momentum in the North American housing sector would continue to influence the furniture manufacturing positive, though with certain challenges. In addition, modular furniture is famous and effective way of optimizing expensive commercial space. Besides this, many furniture manufacturers are partnering up with artists or interior designers to create and offer a luxury range. Value chain analysis provides a clear understanding on the roles of stakeholders involved in the value chain. China has emerged as the biggest and fastest developing furniture market in Asia Pacific, highly driven by the growth in living standards and disposable income. Companies born to serve the made to order requirements are now opening their stores in different geographical locations to provide buyers creative designs that go well with time. Besides this, glass is also being used in furniture factories, where design is a part of the philosophy. This report is available at a USD 1, discount for a limited time only: View market snapshot before purchasing In this report, Technavio analysts highlight the growth of the real estate and construction industry as a key factor contributing to the growth of the global wooden furniture market: Global wooden furniture market: Growth of the real estate and construction industry The growth of the real estate industry contributes to an increase in the number of office spaces, commercial complexes, and residential buildings. Based on its physical structure as well as makeup wood can be classified as a softwood or hardwood. APAC was the leading region for the global wooden furniture market in Luxury furniture, consignment scene has also expanded with furniture designers and manufacturers going online. Detailed assessment of the key market trends is carried out, to help reader identify the overall attractiveness and single out profitable growth factors, in order to gain a stronger foothold in the market.

Get more information on this report : Request Sample Pages Besides this, consumers determined to pep up or downsize their apartment are driving sales in the furniture segment.

It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

global furniture market

Increasing concerns regarding global warming have led to the adoption of eco-friendly furniture. Wooden furniture are majorly used for their beautiful natural look, resilience and durability, easy to maintain and as a smart investment.

furniture industry in india

The syndicated furniture market research provides an unrivalled access to key drivers, restraints and opportunities with impact analysis for the specified period. The market is driven by various factors such as rising disposable incomes, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections.

Furniture industry overview

The furniture segment as a whole has witnessed major advancements over the past years. Europe is projected to expand at a CAGR exceeding 5. Hardwood furniture is characterized by smooth finishing properties and is highly durable. Well designed and ornamental pieces are basically used in bedroom or living, in the kitchen area or at the entry. Glass is one of the materials expected to witness significant growth over the forecast period owing to its rising adoption in luxury furniture which adds elegance and sophistication to the decor. This report is available at a USD 1, discount for a limited time only: View market snapshot before purchasing In this report, Technavio analysts highlight the growth of the real estate and construction industry as a key factor contributing to the growth of the global wooden furniture market: Global wooden furniture market: Growth of the real estate and construction industry The growth of the real estate industry contributes to an increase in the number of office spaces, commercial complexes, and residential buildings. Besides this, glass is also being used in furniture factories, where design is a part of the philosophy. Get more information on this report : Request Sample Pages Besides this, consumers determined to pep up or downsize their apartment are driving sales in the furniture segment. The global increase in the number of single-person and two-person households has contributed to the increased number of home constructions. This growth is expected to accelerate as wood is one of the raw materials naturally available in abundance and can be used in production of almost all types of furniture products.

High demand from offices and hotels is projected to bode well for the expansion. These classes of urban population tend to look beyond the basic functionality of furniture and thus, may look for additional attributes such as style and comfort.

furniture industry trends 2018
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Global Wooden Furniture Market