Household Furniture Market Is Ready To Set Outstanding Growth In 2020

Global Household Furniture Market - By Segment (Wood Furniture, Metal Furniture, Plastic Furniture), By Company (Ikea Holding B.V, Ashley Furniture Industries, La-Z-Boy Incorporated Country), And By Region, Opportunities And Strategies – Global Forecast To 2023 By The Business Research Company

The global household furniture market reached a value of nearly $235 billion in 2018, having grown at a compound annual growth rate of more than 6% since 2014. Growth in the household furniture market in the historic period resulted from the growth in emerging markets, rise in internet penetration, and growth in residential construction. Factor that negatively affected growth in the historic period was lumber supply crisis.

The Key drivers of the household furniture market include:-
Growing Popularity of Eco-Friendly Furniture: The household furniture market is expected to benefit from the growing popularity of products made from sustainable raw materials such as rattan. Consumers are showing a preference for furniture with raw materials procured from sustainable sources. Household furniture products made from rattan, which grows faster than wood, are durable and more resistant to wear and tear. This has increased its use in household furniture manufacturing.

Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/household-furniture-market

Household Furniture Market Segmentation:-
By Type
1. Wood Furniture
2. Metal Furniture
3. Plastic Furniture
4. Others

Wood Furniture had the highest growth rate of nearly 6.5% during the historic period. This growth is mainly due to the fact that customers are preferring wooden furniture products over other kinds because of aesthetic reasons and because they are more resistant to wear and tear and not prone to rust like metal furniture.

By Area Of Use
1. Bedroom Furniture
2. Living Room Furniture
3. Dining Room Furniture
4. Household Furniture
5. Others

Bedroom Furniture was the largest segment in the global household furniture market with 53.3% of the market.

Request For A Sample Copy Of This Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2317&type=smp

By Geography - The household furniture market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the household furniture market are
1. Inter IKEA Holding B.V.
2. Ashley Furniture Industries, Inc.
3. La-Z-Boy Incorporated
4. Steelcase Inc.
5. Man Wah Holdings Limited

Place a DIRECT PURCHASE ORDER of the report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2317

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Blog: http://blog.tbrc.info/

About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.