Global Furniture Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2016-2024

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Report Code CR 1002
2016-2024
Global Furniture Market Outlook 2024 Global
Opportunity Growth Analysis, 2016-2024
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Executive Summary
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Global Furniture Market Size (USD Billion),
2016-2024
Global Furniture Market Share (), By
Distribution Channel-2016-2024
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With XX share in Global Furniture market,
Offline Channel segment to post highest share by
2024 .
In 2016, Global Furniture market reached USD XX
Billion expanded on the back of spiked absorption
of furniture in residential sector
Global Furniture Market Share (), By Material
Type-2016
Global Residential Furniture Market Share (), By
Products -2016
Global Furniture Market Share (), By Residential
Commercial Sector-2016
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Major Players Presence-Regional Analysis
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Major Players/ Industries APAC North America Europe Latin America Middle East Africa Rest of World
IKEA
Williams-Sonoma
Ashley Furniture
Steel Case
OKAMURA
9 to 5 Seating
Godrej Interio
Wipro
Low Penetration
High Penetration
Medium Penetration
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Global Furniture Market Size (USD Billion)
Growth Analysis
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Global Furniture Market Size (USD
Billion)-2016-2024
Global Furniture Y-O-Y Growth ()
Analysis-2016-2024
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Market Dynamics
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Growth Drivers
Growth Barriers
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General Trend
Highly Complex
Moderately Complex
Waived
Housing Market
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Global Furniture Market Opportunity, 2016-2024
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Revenue Opportunities By Product Type, 2024

• Most large furniture manufacturers are able to
  successfully compete in equally sized economies
  of scale, while smaller manufacturers are usually
  more successful at competing with specialty items
  or high-quality craftsmanship pieces
• Retail and Designs Many furniture manufacturers
  opt into selling to a network of retailers
  because they can gain knowledge about consumer
  trends and preferences, as well as promoting
  their brand. Designs are also fluctuating for
  home and office furniture manufacturers. As work
  styles change, there is an increased demand to
  offer flexibility to support numerous wires,
  cables and computer equipment in the office. As
  people incorporate a more open floor plan in
  their homes or add exercise rooms, furniture
  tastes and needs will also change
• Online Sales Popular online retailers range
  from Wayfair, Amazon and Overstock accounting for
  the majority of online furniture sales. Many
  furniture manufacturers, such as Basset, IKEA and
  La-Z-Boy, are following suit and making their
  furniture available for online purchase as well
• Of the total online retail market, online
  furniture pieces are growing the quickest of all
  online retail sales. So, this is a huge
  opportunity for small furniture manufacturers who
  make up-scale or high-end furniture to either
  sell their products online or reach out to key
  online retailers to support their sales growth

Sample
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Online Retail Furniture Market Size (USD
Million), 2015-2016
 USD XX Million 2016
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Global Seating Furniture Market, 2016-2024
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Global Seating Furniture Market Size (USD
Billion)-2016-2024
Global Seating Furniture Market Y-O-Y Growth ()
Analysis-2016-2024
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Global Furniture Market Share (), 2016 Market
Size (USD Billion), By Region,2016-2024
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Global Furniture Market Share () - By Region,
2016
Global Furniture Market Size (USD Billion) - By
Region, 2016-2024
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Porters Five Force Model
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The Barriers to Entry are significantly medium to
high which means that it will be bumpy road for
outside companies to enter into the industry. New
entrant is require to offer the innovative and
distinguish service or product in order to make
place in the competitive space, only such a
player tends to establish its market presence .
Customer cannot easily switch to substitute
products. So substitutes are not a major threat
to this industry. When there are actual and
potential substitute products available then
segment would be unattractive. Profits and prices
are effected by substitutes so, there is need to
closely monitor price trends. In substitute
industries, if competition rises or technology
modernizes then prices and profits decline.
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Threat of new entrants
Bargaining Power of buyers
Bargaining power of suppliers
Threat of substitute products or services
The power of Buyers is high and they are able to
negotiate for better pricing due to the presence
of unorganized sector. However on the supplier
side, the power of Suppliers is also low as there
are multiple supplier for a particular systems
and these causes, for companies to compete on
price when they do not have any point of
differentiation.

• Intensity of competition among the existing
  competitors in the market. Intensity of rivalry
  depends on the number of competitors and their
  capabilities. Industry rivalry is high when
• There are number of small or equal competitors
  and less when theres a clear market leader.
• Customers have low switching costs
• Industry is growing
• Exit barriers are high and rivals stay and
  compete
• Fixed cost are high resulting huge production and
  reduction in prices

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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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