Play Room Furniture Market Forecasted Report Based on Opportunity and Increasing Size in Global Industry through 2018 to 2028

Dublin, Ireland, 2018-Aug-03 — A recent research study by FactMR provides in-depth assessment along with forecast highlights on the playroom furniture market for the period of forecast, 2018-2028. This research report is a comprehensive analysis reflecting the performance of Playroom Furniture Market across important regions in the globe. This research study provides valuable insights on several drivers pushing sales of playroom furniture across regional markets in the globe. The research study also includes various inhibiting aspects restraining the revenue growth of playroom furniture market. However, readers can expect various opportunities from the regional markets for playroom furniture in the coming years. Moreover, the current and future trends in the playroom furniture space that potentially shape the market are explained in detail in the playroom furniture market research report.

The analysts at FactMR have adopted a tested, industry proven and exquisite research methodology to arrive at important estimations associated with adoption or sales of playroom furniture based on the demand scenario of playroom furniture across various countries. Extensive secondary research is used to determine the market size, key revenue segments and their growth rates, top aspects driving revenue growth of playroom furniture market and key restraints and challenges potentially inhibiting the sales of playroom furniture and hence its market growth.

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Production trends of playroom furniture have largely been influenced by changing consumer preferences. In recent years, steady rise in consumer preference for multi-functional playroom furniture has significantly rubbed off on growth of the playroom furniture market. Additionally, rising awareness on sustainability among consumers has led manufacturers to focus more on hand-crafted yet affordable & durable products.

Flourishing furniture industry worldwide, coupled with the rise in middle-class population across developing nations will continue to be key growth determinants for the playroom furniture market. Albeit the playroom furniture market presents the occupancy of few established stakeholders, a large number of domestic players collectively account for major shares of the market. This has further inhibited prospects of import penetration of playroom furniture, as local vendors of playroom furniture are first in the line to leverage potential opportunities by attracting consumers through their novel offerings. This, along with lower mass production of playroom furniture owing to rising trend of customization, will continue to constrain its market growth prospects.

A new FactMR study envisions the playroom furniture market to present an impressive 6.1% value CAGR during the forecast period, 2018 to 2028. Urbanization and expansion of the real estate industry has significantly impacted prospects of the furniture industry. This has led housing contractors to deliver a wide range of home infrastructures, with playroom furniture being one of the key offerings. This has further lured consumers who seek creative aesthetics for their children’s rooms, thereby favoring growth of the playroom furniture market.

A dramatic transformation has been witnessed in the way child care arrangements are employed in recent years, with the statistics from the U.S. Census Bureau’s survey indicating nearly 2X rise in out-of-pocket costs apropos of child care. Ripple effects of this increased expenditure on child care have underpinned demand for playroom furniture. Growth of the playroom furniture market will also remained supported by growing number of families with employed mothers, which have been reported to spend nearly 170 percent more on child care according to the survey of U.S. Census Bureau’s survey.

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Leading stakeholders in the market are joining forces to enhance their portfolio and introduce novel products in the market. A prime example of such partnerships is the one between Pottery Barn – North America’s leading furniture brand, with Lilly Pulitzer – a renowned resort wear brand. The partnership has recently introduced the collection of Lilly Pulitzer for Pottery Barn Kids. On the back of surging number of working women, day care centers have been gaining increased traction worldwide, wherein manufacturers of playroom furniture are focusing to capitalize the opportunity. This is another key growth determinant for the playroom furniture market.

With the growing consumer appetite for online shopping, playroom furniture manufacturers have adopted online sales channel to expand the exposure of their products. Playroom furniture has become one of the popular categories sought by consumers on e-commerce platforms. Domestic playroom furniture manufacturers are approaching online portals such as Trendsutra Platform Service Private Limited (pepperfry.com) and Urban Ladder to showcase their products. Along with organized retailing, the online retail platform is expected to add fuel to the growth of the playroom furniture market.

Table of Contents

1. Global Playroom Furniture Market – Executive Summary
2. Global Playroom Furniture Market Outlook Overview

2.1. Introduction

2.2. Market Definition

2.3. Scope of Report

2.4. Playroom Furniture Participation

2.5. Mega Trends

3. Market Dynamics

3.1. Key Growth Drivers

3.2. Market Challenges

3.3. Industry Trends

3.4. Playroom Furniture Market Growth opportunities

3.5. Wheel of Fortune

4. Associated Industry and Key Indicator Assessment

4.1. Supply Chain

4.2. Investment Feasibility Matrix

4.3. Porter’s Five Forces Analysis

4.4. PEST Analysis

4.5. Cost Structure Analysis

4.6. Forecast Scenario

Continued………………………………………

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