2019 Review: Children’s Furniture Market Growth Analysis and Market Sizing
Children furniture is designed ad hoc to be utilized by children. Such pieces of furniture are weather custom made or pre-designed as per children’s comfort. Changing socio-economic scenario fueled by high life standards is expected to provide healthy platform for the very market to bolster.
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• Adoption of theme-based children's furniture and conducting regular renovation of products
• Adoption of online sales by various players
• Increasing disposable income in emerging economies
• Rising innovation in design and manufacturing
• Need to enhancement in supply and distribution chain by top players
• Surging demand for multi-functional children's furniture
• Risk of international trade
1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by , the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Children’s Furniture market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Disney Furniture (United States), FLEXA (Denmark), MUSE HOME (United States), Guangzhou ACGlife (China), DreamFurniture.com (United States), Shenzhen Sampo Furniture Co. Ltd. (China), IKEA (Netherlands), Algis Kaulinis Private Company (Lithuania), CHAIRGO GMBH (Germany), Ternopil Furniture Factory (United States), Mocka AU (Australia) and TANITAN FURNITURE LTD. CO (Turkey).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
Key Insights that Study is going to provide:
• Revenue splits by most promising business segments.
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players.
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
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