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Furniture market share by applications and regions for 2018- 2024

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Title: Furniture market share by applications and regions for 2018- 2024


1
Furniture market trends research and projections
for 2018- 2024
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • Global Market Scenario of Construction Industry
  • Wood furniture dominates the global furniture
    market with 60 share in 2017 and is expected to
    continue its dominance during the forecast
    timeframe.
  • Superior product finishes along with availability
    of extensive wood options including mahogany,
    Teak, Redwood, Fir, Cedar, and others are among
    the key factors driving the wooden furniture
    market growth.
  • High durability and strength along with
    availability in lower price variants and
    higher-end segment will proliferate the wood
    material demand over the next few years.
    Preference in green buildings will positively
    influence the product sales.
  • Global Furniture Market size is estimated to
    surpass USD 750 billion by 2024 according to a
    new research report by Global Market Insights,
    Inc.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • Rapid urbanization supported by high private and
    government spending on residential construction
    to accommodate the increasing population will
    boost the global furniture market share.
    Increasing remodeling service demand in the
    developed economies of Europe and North America
    will stimulate the industry development.
    Expanding tourism sector particularly in Asia
    Pacific, Europe, and MEA will propel the business
    demand.
  • Trend towards outdoor living and garden dining
    supported by rise in social gatherings are
    augmenting the outdoor furniture market demand.
    Escalating outdoor restaurants demand will
    strongly support the business development
    globally.
  • Increasing eco-friendly and smart furniture
    product launches will create new growth
    opportunities over the forecast timeframe.
    Reduction in size of new residential construction
    has paved the way for multipurpose and easily
    movable furniture.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for a Sample Copy of this Report
_at_https//www.gminsights.com/request-sample/detail
/3024
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
  • Regional Analysis
  • Asia Pacific is expected to dominate the global
    furniture market, accounting at over USD 400
    billion by 2024. China, India, Japan, and South
    Korea are the leading furniture markets in the
    region. Easy availability of raw material and
    economical labor supported by booming real estate
    sector are fueling the business revenues.
    Developing hospitality industry in Malaysia,
    Indonesia, India, and China will boost the
    industry growth. Growing balcony and outdoor
    furniture demand along with government spending
    on public infrastructure will enhance the
    business landscape over the next few years.
  • Competitive Analysis
  • Global furniture market share is highly
    competitive with presence of large number of
    domestic and global players. The key industry
    players include Ashley Furniture Industries,
    Okamura Corporation, La-Z-Boy Inc., Haworth Inc.
    Steelcase, Inter IKEA Group, Kohler Co., and
    Global Furniture Group. Other prominent players
    include the Home Depot Inc., McCarthy Group Ltd,
    Heritage Home, Herman Miller, and Humanscale
    Corporation. The key strategies observed among
    the industry participants include MA,
    distribution channel, and design innovations. For
    instance, in June 2018, Herman Miller acquired a
    stake in Nine United Denmark A/S to expand its
    product portfolio.

Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
3024
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Latest Research Report On FurnitureMarket
_at_https//www.gminsights.com/industry-analysis/fur
niture-market Request for sample of this
research report_at_ https//www.gminsights.com/requ
est-sample/detail/3024 Request for
customization https//www.gminsights.com/roc/302
4
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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