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Scope in Home Furniture Market: Trends, Price, Revenue, Share, Growth and Forecast Until 2022

05-01-2018 02:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

A freshly compiled business intelligent report, titled “Home Furniture Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This 170-page study delivers all the vital details and information required to know about home furniture market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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The global home furniture market is expected to witness an impressive growth attributed to considerable demand in the residential and hospitality industry. Increasing demand for smart furniture has led manufacturers to integrate enhanced technology in the home furniture. Bed and Mattress is expected to represent the highest revenue growth in the global home furniture market. Wood as compared to other materials used is expected to witness significant demand among the manufacturers producing furniture. Sales of home furniture is expected to remain significantly high through retail stores in the global market. Europe is expected to represent the largest region for home furniture in the global market. The global home furniture market is expected to register a healthy CAGR, and will represent a value of over US$ 170,000 Mn by the end of 2022.

Retail Outlets to Represent a Leading Segment

Bed and mattress is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 20,000 Mn by the end of 2022. Table and desks is expected to represent the second highest revenue growth in the global home furniture market during the predicted period. Upholstery is expected to register the highest CAGR growth in the global market, followed by storage units through 2022. Europe is expected to represent the largest market for home furniture globally.

Wood as compared to other types of materials is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 25,000 Mn by 2017 – end. Metal is expected to represent the second highest revenue share in the global home furniture market by the end of 2017. Plastic is expected to register the highest CAGR growth in the global market, followed by glass throughout 2022.

Retail sector is expected to represent the highest revenue share in the global market. This segment is expected to represent a value of less than US$ 20,000 Mn by the end of 2022. Direct to consumer is expected to represent the second highest revenue share in the global home furniture market by the end 2022. Retail sector is expected to register the highest CAGR in the global market through 2022.

Significant Demand in the Hospitality Industry

Manufacturers are increasingly using raw materials that have comparatively longer durability. Attributed to features such as chemical resistance and longer durability, furniture coated with engineered wood is expected to witness significant demand in the residential and hospitality industry. Engineered wood is expected to protect the home furniture from physical, chemical and mechanical damages.

Beside residential industry, consumption of home furniture witnesses considerable demand in the hospitality industry as well. Equipped with rust free aluminium and plastic materials, the smart home furniture is expected to witness significant demand in the hospitality industry. Attributed to the rust-free features, several hotels and restaurants use these smart furniture in their gardens, terraces, and balcony as they are weather-resistant. On the other hand, high cost of multi-purpose furniture, and smart furniture is expected to hinder demand for home furniture during the predicted period.

Considerable Demand for Smart Technology

Integrated with enhanced technology, the home furniture including beds, chairs and couches. Integration of enhanced technology in the home furniture has enabled customers to use furniture through the remote controls. Hydraulic beds, beds with storage, sofa cum beds, and recliners are smart furniture purchased by the customers to name a few. Moreover, manufacturers are redefining comfort through integration of sleeping technology in mattresses.

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Table of Content:

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

3. 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

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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