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Hotel Furniture Industry Is Presumed To Grow At a CAGR of 5.4% from 2018 - QY Research
This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. Hotel furniture is a series of moveable object, such as seating (e.g., chairs, stools, tables and sofas) and sleeping (e.g., beds), used in hotel room and public area. Hotel furniture can be a product of design and is considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or hotel theme. It is usual made from many materials, including metal, plastic, and wood.
The technical barriers of hotel Furniture are relatively low, and the hotel Furniture market concentration degree is dispersed. The manufacturing bases scatter around the United Stated; the key companies in hotel furniture market include Ashley Furniture, Ashley Furniture, Rooms To Go, Global Group, Foliot Furniture, Mattress Firm, Williams-Sonoma, and others. In the past few years, the raw material prices were relatively stable, and expected that the hotel furniture raw material price will be stable in the short term. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of hotel furniture. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in hotel furniture market will become more intense. In 2018, the global Hotel Furniture market size was 3960 million US$ and is forecast to 5720 million US in 2025, growing at a CAGR of 5.4% from 2018. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hotel Furniture.
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This report includes the following manufacturers; we can also add the other companies as you want.
Ashley Furniture
Ashley Furniture
Rooms To Go
Foliot Furniture
Mattress Firm
Williams-Sonoma
LE-AL Asia
Hmart Limited
Berkshire Hathaway
Laz Boy
Market Segment by Product Type
Wooden Furniture
Leather & Fabric Furniture
Metal Furniture
Market Segment by Application
Economy Hotel
Extended-Stay Hotel
Full-Service Hotel
Luxury Hotel
Market size split by Region
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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