Metal Furniture Market 2023-2028: By Industry Demand, Leading Players, Sales, Revenue, Gross Margin and Forecast

According to the latest report by IMARC Group, titled " Metal Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" the global metal furniture market size reached US$ 145.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Metal furniture is a decorative household product manufactured using different types of metals, such as stainless steel, carbon steel, iron, and aluminum. It is an eco-friendly furniture variant that has an aesthetic appeal, can be molded to fit the contemporary style of the consumers, and is versatile, durable, and requires low maintenance. In comparison to wood, it is stronger, can withstand heat and dry weather conditions, have a luster effect that makes it suitable for functional and decorative purposes, and can be used for indoor and outdoor purposes. Some of the commonly available metal products include metal framed beds, sofas, chairs, tables, and cabinets. As a result, it is widely used in hotels, gardens, retail stores, offices, libraries, and restaurants.

Industry Demand:

The increasing consumer preference for premium-quality furniture products is driving the global market. Furthermore, the increasing residential and commercial construction leads to an increase in demand for the installation of furniture, which, in turn, is contributing to the demand for metal furniture. Along with this, the rising demand for multi-functional and versatile furniture that provide portability and can easily be accommodated in small spaces is also accelerating the market. Additionally, the increasing popularity of social media platforms due to the rising adoption of smartphones and rapid digitization is providing a boost to the sales of metal furniture across the globe.

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Industry Growth:

Moreover, the growing consumer preferences for comfortable furniture are creating a positive market outlook. This has encouraged numerous leading players to focus on designing ultra-modern furniture that offers comfort while effectively reducing strain and fatigue, is gaining widespread prominence among the masses. Moreover, the increasing investments by numerous key players in the development of aggressive marketing strategies, celebrity endorsements and promotional campaigns are significantly supporting the metal furniture market on the global level. Other factors, such as rapid urbanization, inflating disposable income levels of individuals, and easy product availability via online and offline organized distributed channels, are also anticipating the market.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• Alderman Tooling Ltd
• Chyuan Chern Co. Ltd.
• DHP Furniture
• Godrej Interio
• Herman Miller Inc.
• Hillsdale Furniture
• Inter IKEA Systems B.V.
• KinouWell Furniture
• KOKUYO CO. LTD.
• Oliver Metal Furniture
• Simpli Home
• Steelcase Inc

Key Market Segmentation:

Breakup by Type:

• Bed
• Sofa
• Chair
• Table
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Direct Distribution
• Specialty Stores
• Online Stores

Breakup by Application:

• Commercial
• Residential

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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