openPR Logo
Press release

Eco-Friendly Furniture Market Estimates Showing Surprising Stability in key Business Segments till 2030

04-20-2021 09:25 AM CET | Energy & Environment

Press release from: Fact.MR

Eco-Friendly Furniture Market

Eco-Friendly Furniture Market

Modernization and incorporation of sustainable residential furniture in developing countries such as Indonesia, India, and China is set to drive sales of eco-friendly furniture. The global eco-friendly furniture market will grow 1.8X during the projection period (2020- 2030).

Advancements in material science that increases product durability and recyclability are primary reasons for consumer adoption of eco-friendly furniture. Innovative business strategies such as circular business models using reclaimed wood provide the much needed strength for healthy growth of the market.

Click Here To get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=4730

Market players are leveraging industrial automation to increase production. Prevalence of e-commerce in developing countries presents gainful opportunities for eco-friendly furniture manufacturers.

Key Takeaways of Eco-friendly Furniture Market Study

Residential applications of eco-friendly furniture hold share-wide dominance with over 66% of the total market value. Consumer trends that focus on buying eco-friendly products, coupled with strong social media presence of market players drive demand from this application segment.

Commercial applications is the highest growth application segment with a strong 7% CAGR through 2030. Corporate Social Responsibility initiatives to reduce the carbon footprint of offices contribute to the growth of eco-friendly furniture in commercial settings.

Offline distribution channels account for the largest market value share with over 69% of total revenues. This can be attributed to the efficacy and effectiveness of physical representation in furniture buying decisions. Brands such as IKEA are an ideal example of the prominence of offline distribution channels.

Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4730

Digitization of economies across the globe is enhancing the reach of organizations. Hence, online distribution channels offer the most attractive revenues prospects with an impressive 7.5% CAGR from 2020 to 2030.

Europe accounts for a big part of global sales with more than 35% share of the total market value. Emphasis on sustainable manufacturing and awareness regarding harmful effects of indoor volatile organic compounds are a few factors that drive growth in this region.

South Asia & Oceania are catapultin the global eco-friendly furniture market with an astounding 8.6% CAGR during the forecast period. Investments in urban infrastructure development in Indonesia, Singapore, and Malaysia are central to growth of the eco-friendly furniture market.

Online Distribution Channels to Bolster Growth amid Covid-19 Pandemic

Advancements in material science to develop luxury eco-friendly furniture is a top demand driver for manufacturers. For instance, Shagreen when paired with treated glass forged from brass and brushed gold is gaining traction among consumers.

Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4730

Green building initiatives across the globe drive capacity expansion initiatives in strategic areas. Statutory certifications such as FSC certifications are helping manufacturers differentiate their product offerings. In a highly competitive landscape, creative digital marketing and e-commerce distributions channels offer a competitive edge to eco-friendly furniture organizations.

Further, with the world battling covid-19, consumer spending on e-commerce is expected to significantly contribute to future growth of the market. Since social distancing is being widely practiced, market players stand to realize sustainable growth from online distribution channels.

Tracking the recovery of countries such as the US, and China will influence the speed of financial recovery among market players. Eco-friendly furniture manufacturers are devising contingency and recovery plans that present supply chain alternatives.

Find More Valuable Insights on Eco-friendly Furniture Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the eco-friendly furniture market, presenting historical demand data (2015-2019) and forecast statistics for the period 2020-2030.

The study divulges compelling insights on the eco-friendly furniture market on the basis of applications (residential and commercial), distribution channels (online and offline), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website:
https://www.factmr.com
Research Insight:
https://www.factmr.com/report/4730/eco-friendly-furniture-market
Content Source:
https://www.factmr.com/media-release/1482/global-eco-friendly-furniture-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Eco-Friendly Furniture Market Estimates Showing Surprising Stability in key Business Segments till 2030 here

News-ID: 2272491 • Views: 241

More Releases from Fact.MR

Organic Sulfur Market Global Demand, Growth, Opportunities, Top Key Players and …
Fact.MR has adopted multi-disciplinary approach to shed light on the keyword during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the Organic Sulfur Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment,
GLA Supplements Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indica …
Fact.MR has adopted multi-disciplinary approach to shed light on the GLA Supplements during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the GLA Supplements Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity
Global Electrotechnical Paper Market to Create an Absolute Dollar Opportunity of …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Electrotechnical Paper Market in the upcoming years. Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/1956/electrotechnical-paper-market The report introspects the supply chain, cost structure, and recent developments pertaining to the Electrotechnical Paper Market in the report and the impact of the COVID-19 on these facets of the market. Further,
Global Dibenzyl Toluene Marke to Expand 1.4X by 2030 end | Eastman Chemicals, Ar …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Dibenzyl Toluene Market in the upcoming years. Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/4843/dibenzyl-toluene-market   The report introspects the supply chain, cost structure, and recent developments pertaining to the Dibenzyl Toluene Market in the report and the impact of the COVID-19 on these facets of the market. Further,

All 5 Releases


More Releases for Furniture

Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives
Bedroom Furniture Market 2019 By Vaughan-Bassett Furniture Company, Century Furn …
Global Bedroom Furniture Market 2019-2024: According to the Global Bedroom Furniture Market report, the market is expected to reach the value of $XX million at the end of the forecast period of 2019 – 2024, showing good progress, rising at a CAGR of XX%. The global Bedroom Furniture Market  report covers a detailed analysis of the Bedroom Furniture Market  including the various parameters on which the Bedroom Furniture Market  is analyzed
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry
Furniture Market:
The English word “furniture” is derived from a French word “fourniture”, which means to supply or provide.Furniture is a product of design and is also considered as a form of decorative art.The term refers to movable objects that are deliberately used to support different human activities such as seating (for example, chairs, stools, tables, and sofas) and sleeping (for example, beds). It is also used to hold objects at an
Contemporary furniture by TOSH Furniture
Los Angeles, CA, July 25, 2011 - Furnishing a house is considered to be a very integral part of decorating any type of house and thus, it has evolved into the modern trend setting factor in the contemporary market. TOSH furniture has emerged as a major provider of modern furniture and now they are supposedly one of the leading furniture providing companies. The company has recently launched a latest range
Modern patio furniture by TOSH Furniture
Los Angeles, CA, July 16, 2011 - The latest trend in the market in case of furniture is the modern patio furniture. Most of the companies are getting into this business and are designing various kinds of patio furniture in order to attract more and more customers. The customers are no longer happy with the same old wooden furniture and as a result, they are turning their attention to the