Taiwan Home Furniture Market 2021 Growing Demand, Growth and Business Outlook to 2025 - Chyuan Chern Furniture Company Limited, Meiqi mahogany furniture, Cheng Shing Wooden Industrial Company Limited

The “Taiwan Home Furniture Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Home Furniture market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The study includes market share analysis and profiles of players such as Chyuan Chern Furniture Company Limited, Meiqi mahogany furniture, Cheng Shing Wooden Industrial Company Limited, Shiken Teak, Yung Shing Furniture Company, Chun Ming Wooden Crafts Co., Ltd., Meicha, Royce, Guifeng Furniture Factory, Original-I.

Taiwan’s home furniture market is mature and stable with some major advantages developed from its traditional industries. Taiwan is one of the largest exporters of furniture in the world and some of the majorly exported furniture items include metal furniture mainly due to the convenience of upstream metal materials. The main countries to which Taiwan exports furniture products include the United States, Japan, and Germany It is estimated that roughly one-third of China, Vietnam, and Philippines furniture exports also result from Taiwan.

Key Market Trends:

Increase in Household Units in the Region

The demand for new housing units is increasing and residential construction activity is rising in Taiwan. The new housing projects around Taiwan hit a nearly five-year high of 53,646 units in the first half of 2019. The construction of new houses and renovation of the existing ones leave customers with more expenses on home furniture products as the houses need to be well furnished. The increase in the number of households and the rise in income levels are attributing to the growth of indoor furniture especially bedroom and kitchen furniture products.

Wood Furniture is the Dominant Category

Wooden furniture is Taiwan’s major type of furniture. It consists of items such as office, kitchen, bedroom, and dining room furniture. Processed wood and plywood are used majorly for furniture production in the country. The latest trend for wooden furniture is to produce furniture made from the combination of wood and metal and also composite panels. Taiwan relies on imported wood more for domestic use rather than manufacture to export use. Taiwan mostly imports from Japan, China, the United States, The European Union, and Saudi Arabia.

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Taiwanly for the Home Furniture market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Taiwan and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Taiwan Home Furniture Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.    

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