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Exhaustive Study on Modern Furniture Market 2020 | Strategic Assessment by Top Players (Huppe, Flexform, B&B Italia, Modloft, Natuzzi) | Forecast to 2025

07-23-2020 01:54 AM CET | Industry, Real Estate & Construction

Press release from: Business Industry Reports

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Modern Furniture Market

Modern Furniture Market

Global Modern Furniture Market overview:

The growing demand for Modern Furniture has provided a major boost to the Global Modern Furniture Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Consumers are increasingly spending on improving the interiors and exteriors of their homes, as home furnishing has become a symbol of lifestyle status. Rise in investment in landscaping is driving the modern furniture market. Decrease in urban residential space has compelled people to focus on creating patio spaces. Growth in disposable income of the people and recovery of the residential housing sector are key factors anticipated to boost the global modern furniture market during the forecast period.

The global Modern Furniture Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Hardwood Furniture

2 Softwood Furniture

3 Metal Furniture

4 Plastic Furniture

5 Glass Furniture

On the basis of End Use Industry, the market is split into:

1 Home

2 Office

3 Laboratory

4 Classroom

5 Library

Objectives of the Study

To describe and forecast the global Modern Furniture Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Modern Furniture Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Modern Furniture Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Modern Furniture Market.

Some of the Modern Furniture Market manufacturers involved in the market are Huppe, Flexform, B&B Italia, Modloft, Natuzzi, Gruppo Molteni, Poltrona Frau, Poltronesofa, Scavolini, Lube, Veneta Cucine, Poliform, Giessegi, Snaidero, IKEA, Acquisitions and effective mergers are some of the strategies adopted by the Modern Furniture Market manufacturers. New product launches and continuous technological innovations are the Modern Furniture Market strategies adopted by the major players.

Latest Industry Updates:

Flexform is a family affair. Now in its third generation, Flexform was founded in the Brianza furniture manufacturing district in Northern Italy. The unique global phenomenon of Italian furniture design was born in the 1960s, right here. A place where the history of many small artisan workshops that have fashioned wood, metal and upholstery since the early 1900s, intersects with that of the great masters of Italian design, trained at the School of Architecture in nearby Milan. Flexform’s roots are embedded in this historical setting.

In 1959, the Galimberti brothers opened an artisan workshop, called “Flexform di Galimberti.” It was soon followed by their first showroom where the sofas and armchairs on display found their way, in the postwar era, into elegant buildings in Milan, villas overlooking Lake Como, and even the foyer of the Teatro alla Scala.

Their children transformed the workshop into an industrial facility and, in 1967, incorporated it as Flexform S.p.A. The family’s perceptive insights led to the decision to partner with some of the leading designers of the time: Joe Colombo, Asnago-Vender, Cini Boeri, Rodolfo Bonetto and many others. During the same period, the company’s vision of corporate growth also included investing in a talented young architect-designer named Antonio Citterio, in a partnership that has continued, without interruption, for more than forty years. The 1970s brought a major shift in the company’s conception of its product line. Eschewing any repetition of past styles, production was moved more and more toward original, contemporary designs.

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Asia Pacific was a prominent market for Modern Furnitures in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Modern Furniture market in Asia Pacific.

There are several manufacturers of Modern Furnitures in Europe and North America. In North America, the demand for Modern Furnitures is primarily driven by the residential sector. Improved standards of living and rising usage of Modern Furnitures for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Modern Furniture Market Report 2020

1 Modern Furniture Definition

2 Global Modern Furniture Market Major Player Share and Market Overview

3 Major Player Modern Furniture Business Introduction

4 Global Modern Furniture Market Segmentation (Region Level)

5 Global Modern Furniture Market Segmentation (Product Type Level)

6 Global Modern Furniture Market Segmentation (Industry Level)

7 Global Modern Furniture Market Segmentation (Channel Level)

8 Modern Furniture Market Forecast 2020-2024

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About us

BusinessindustryReports.com is digital database of comprehensive market reports for global industries. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined – we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.

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