Global Home Furniture Market All Set to Represent a Value of Over US$ 170,000 Mn by the end of 2022 – Fact.MR’s Report

Fact.MR

Rockville, US, 2018-Apr-09 — /EPR Network/ — The global market discussion on home furniture industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Home Furniture Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on home furniture market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Factors Fuelling Growth of the Global Market

Increasing deterioration in the quality of furniture has led the customers to purchase home furniture globally. Moreover, demand for smart furniture is projected to witness a boost in the global market. Growing demand for smart and multi-purpose furniture has led manufacturers to embed advanced technology in the furniture. Aside from this, increasing need for shifting from one place to another has led the customers to purchase home furniture. Bound to such factors, the global market of home furniture is projected to witness a boost in growth during the predicted period.

Design of the furniture and comfort are significantly impacting the purchasing decisions of the customers. Customers today prefer purchasing home furniture that are equipped with smart technology as compared to traditional furniture. Smart furniture enable the customers to conveniently move and operate the furniture. Hydraulic beds, sofa cum beds, bed with storage, recliners, and foldable tables are some of the smart furniture that witness considerable demand among customers. Such factors are likely to fuel demand for home furniture throughout 2022.

Upholstery to Register Significant Growth

Plastic as compared to other materials is projected to reflect a relatively high growth in the global market through 2022. Glass material segment is projected to reflect the second highest CAGR in the global market of home furniture throughout 2022.Wood among other materials is projected to witness a relatively high growth in terms of revenue in the global market of home furniture. The wood segment is projected to represent more than US$ 25,000 Mn by 2017 – end. Metal among other material types is projected to reflect a significant growth in terms of revenue after wood in the global market in 2017.

Upholstery is projected to reflect a relatively high CAGR in the global market of home furniture. Storage units is projected to record significant CAGR growth in the global market after upholstery during the predicted period. Europe among other regions is projected to remain a major market for the home furniture products in the global market. Bed and mattress is projected to represent a relatively high growth in terms of revenue in the global market. The bed and mattress segment is projected to represent more than US$ 20,000 Mn by 2022 – end. Table and desks is projected to represent a high growth in terms of revenue after bed and mattress by 2022 – end.

Sales of home furniture is projected to remain high through retail sector globally. The retail sector segment is projected to reflect a value lower than US$ 20,000 Mn in 2022 – end. Direct to consumer segment among other distribution channels is projected to reflect a significant growth in terms of revenue by 2022 – end. Retail sector among other distribution channels is projected to reflect a relatively high CAGR throughout 2022.

Market Players

Major market players in the global market of home furniture are La-Z-Boy Incorporated, Ashley Furniture Industries, Inter Ikea Systems B.V., Flexsteel Industries, Inc., Suofeiya Home Collection Co Ltd, Nitori Co Ltd, Steinhoff International Holding N.V., Basset Furniture Industries Inc, Kimball International, Inc, Herman Miller Inc, Berkshire Hathaway, Steelcase, and Williams-Sonoma, Inc.

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Table of Contents:

1. Global Home Furniture Market – Executive Summary
   
   2. Global Home Furniture Market Overview
   2.1. Introduction
   2.1.1. Global Home Furniture Market Taxonomy
   2.1.2. Global Home Furniture Market Definition
   2.2. Global Home Furniture Market Size (US$ Mn) and Forecast, 2012-2022
   2.2.1. Global Home Furniture Market Y-o-Y Growth
   2.3. Global Home Furniture Market Dynamics
   2.3.1. Drivers
   2.3.2. Restraints
   2.3.3. Trends
   2.4. Supply Chain
   2.5. Epidemiology
   2.6. List of Distributors
   2.7. Average Pricing Analysis
   2.8. Regulations
   2.9. Key Participants Market Presence (Intensity Map) By Region
2. Global Home Furniture Market Analysis and Forecast By Product Type 
   3.1. Global Home Furniture Market Size and Forecast By Product Type, 2012-2022
   3.1.1. Bed And Mattress Home Furniture Market Size and Forecast, 2012-2022
   3.1.1.1. Revenue (US$ Mn) Comparison, By Region
   3.1.1.2. Market Share Comparison, By Region
   3.1.1.3. Y-o-Y growth Comparison, By Region
   3.1.2. Sofa And Armchair Home Furniture Market Size and Forecast, 2012-2022
   3.1.2.1. Revenue (US$ Mn) Comparison, By Region
   3.1.2.2. Market Share Comparison, By Region
   3.1.2.3. Y-o-Y growth Comparison, By Region
   3.1.3. Entertainment Units Home Furniture Market Size and Forecast, 2012-2022
   3.1.3.1. Revenue (US$ Mn) Comparison, By Region
   3.1.3.2. Market Share Comparison, By Region
   3.1.3.3. Y-o-Y growth Comparison, By Region
   3.1.4. Storage Units Home Furniture Market Size and Forecast, 2012-2022
   3.1.4.1. Revenue (US$ Mn) Comparison, By Region
   3.1.4.2. Market Share Comparison, By Region
   3.1.4.3. Y-o-Y growth Comparison, By Region
   3.1.5. Upholstery Home Furniture Market Size and Forecast, 2012-2022
   3.1.5.1. Revenue (US$ Mn) Comparison, By Region
   3.1.5.2. Market Share Comparison, By Region
   3.1.5.3. Y-o-Y growth Comparison, By Region
   3.1.6. Table And Desks Home Furniture Market Size and Forecast, 2012-2022
   3.1.6.1. Revenue (US$ Mn) Comparison, By Region
   3.1.6.2. Market Share Comparison, By Region
   3.1.6.3. Y-o-Y growth Comparison, By Region
   3.1.7. Dining  Home Furniture Market Size and Forecast, 2012-2022
   3.1.7.1. Revenue (US$ Mn) Comparison, By Region
   3.1.7.2. Market Share Comparison, By Region
   3.1.7.3. Y-o-Y growth Comparison, By Region

Continued……

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