Playroom Furniture Market Business Analysis, Future Trends and Investment Opportunities, 2025

Felton, Calif., USA, Dec. 01, 2020 — /EPR Network/ —

The global Playroom Furniture Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global playroom furniture market size is expected to register a revenue of USD 4.3 billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 5.2% from 2019 to 2025.This market growth can be associated to increasing need among parents for separate indoor kid’s play area.

Key Players:

• Bajaj Electricals Ltd.
• American Signature
• Ashley Furniture Industries
• Berkshire Hathaway Furniture
• Herman Miller
• HNI
• IKEA
• Kids Furniture World
• Kids Zone Furniture
• Rooms To Go
• Steelcase

Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-playroom-furniture-market/request-sample

Growth Drivers:

The wood raw material segment held the largest market share of around 55% in 2018 owing to availability of variety of wood obtained from trees like maple, oak, cedar, pine, and cherry. Thepolymer raw material segment is anticipated to register the highest CAGR of 5.8% during the forecasted years, 2019 to 2025 due to features like increased durability, lightweight and non-breakability.

The chair product segment held the largest market share of 30% across the global market in 2018 owing to rising demand for sitting units across all playrooms. Moreover, increasing preference among the kids to sit on these chairs rather than to sit on floor is anticipated to boost the market demand for such products in the upcoming years. The cabinet is anticipated to register the highest CAGR of 5.8% during the forecasted years, 2019 to 2025 due to availability of a wide range of products like organizers, drawers, displays and storage units.

The residential application segment held the largest share exceeding 60% during the year 2018 due to rising tendency among the parents to build an indoor playroom for their kids. Moreover, indoor playroom provides safety for kids as compared to the playgrounds, thereby fueling the playroom furniture market growth. The commercial segment is anticipated to register the highest CAGR of 5.5% from 2019 to 2025 owing to rising number of kindergartens, daycare centers, and pre-nurseries across the globe.

The segment of hypermarket & supermarket held the largest share of more than 50% in2018 due to the provision of physically examining the products before making the buying decision. The online segment of the distribution channel held the largest share across the global market.

Raw Material Outlook:

• Wood
• Polymer
• Metal

Distribution Channel Outlook:

• Specialty Store
• Hypermarket & Supermarket

Regional Insights

Asia Pacific is anticipated to register the highest growth with 6.0% CAGR during the forecasted years, 2019 to 2025. This growth can be attributed to rising population across countries like China and India. Moreover, availability of skilled labor at low wages has paved the way for the growth of furniture industry across this region. Moreover, increasing number of playrooms in houses due to scarcity of playgrounds is anticipated to boost the market growth for these products in the upcoming years.

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