Future Outlook of Bedroom Furniture Market to reach 14800.0 Million US$ by 2023 | IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Nolte Group

This report provides in-depth study of “Global Bedroom Furniture Market” using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Global Bedroom Furniture Market report also provides an in-depth survey of key players in the market organization.

Global Bedroom Furniture Market Overview:

The Global Bedroom Furniture Market is Valued at 12200.0 Million USD in 2018 and will reach 14800.0 Million USD by the end of 2023.

One of the major factor drives the growth of the Global Bedroom Furniture Market is growing demand for multi-functional bedroom furniture. Consumers abiding in current studio lofts favor a bed intended to have a sleeping area, alongside a connected working table, for example, a PC stand and a sitting side-bed. Subsequently, bedroom furniture manufacturers are concentrating on offering multi-functional bedroom furniture. Furniture organizations are likewise acquainting multipurpose furniture with schools and colleges for their private foundations including inns and residences.

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The Global Bedroom Furniture Market is segmented on the basis of Type, Distribution Channels and Region. Based on the Type, the Global Bedroom Furniture Market is sub-segmented into Beds & Headboards, Wardrobes, Mattresses & Supporters, Chest of Drawers, Dresser and others. On the basis of Distribution Channels, the Global Bedroom Furniture Market is classified into Online Sales and Offline Sales.

Latest Business News:

Ashley Furniture Industries (April 23, 2019) – Ashley Furniture Industries Invests in Solar Energy – Ashley Furniture Industries, Inc. (Ashley) has committed to a multi-phase effort to reduce the company’s energy footprint. Ashley, the World’s largest furniture manufacturer, has selected ten of its largest U.S. facilities to receive solar installations this year as part of the first phase of the initiative. Construction on the first solar array in Romeoville, Illinois, begins this week.

Across the ten advanced manufacturing and distribution and fulfillment facilities identified, electrical energy consumption exceeds 100 million kWh (kilowatt hours) annually. Phase one of the project will be a $29 million investment for Ashley. By installing solar, the company expects to offset its electrical energy needs by 35% using clean energy from the sun.

“We need a lot of energy to manufacture our products and it only makes sense to use renewable sources,” said Ron Wanek, Founder and Chairman, Ashley Furniture Industries, Inc. “This is a long-term investment, not only for Ashley, but for our environment. We are taking proactive steps and hope to see others in our industry join us.”

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Top Leading Key Manufacturers are: IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Vaughan-Bassett Furniture, Hooker Furniture, Sauder Woodworking, Nolte Group, Klaussner Home Furnishings, Markor International Home Furnishings, Airsprung Group, Hiep Long Fine Furniture, Godrej Interio, Wellemöbel, Royal Furniture Holding and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

With the presence of a large pool of participants, the Global Bedroom Furniture Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Vaughan-Bassett Furniture, Hooker Furniture, Sauder Woodworking, Nolte Group, Klaussner Home Furnishings, Markor International Home Furnishings, etc. are some of the key vendors of Bedroom Furniture across the world. These players across Bedroom Furniture Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Bedroom Furniture in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Bedroom Furniture Market Report 2019

1 Bedroom Furniture Product Definition

2 Global Bedroom Furniture Market Manufacturer Share and Market Overview

3 Manufacturer Bedroom Furniture Business Introduction

4 Global Bedroom Furniture Market Segmentation (Region Level)

5 Global Bedroom Furniture Market Segmentation (Product Type Level)

6 Global Bedroom Furniture Market Segmentation (Industry Level)

7 Global Bedroom Furniture Market Segmentation (Channel Level)

8 Bedroom Furniture Market Forecast 2019-2023

9 Bedroom Furniture Segmentation Product Type

10 Bedroom Furniture Segmentation Industry

11 Bedroom Furniture Cost of Production Analysis

12 Conclusion

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