Press release
Wardrobe Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2030
The global wardrobe market size was valued at USD 59.97 billion in 2022. The market is projected to grow from USD 62.97 billion in 2023 to USD 94.59 billion by 2030, exhibiting a CAGR of 5.98% during the forecast period. A wardrobe/cabinetry/closet is a piece of furniture equipped with shelves, hanging spaces, and drawers for storing clothes, accessories, and shoes. Numerous examples of new product launches by major industry players demonstrate the expansion of the industry. New product launches will increase the global market share of wardrobes in the coming years.Fortune Business Insights provide this information in its report titled "Wardrobe Market, 2023-2030."
List of Key Players Profiled in the Wardrobe Market Report:
Oppein Home Group (China)
California Closets (U.S)
Mobilspazio Srl (Italy)
hülsta-werke Hüls GmbH & Co. KG (Germany)
Closets by Design, Inc. (U.S.)
Closet Factory (U.S.)
Molteni&C S.p.A (Italy)
Lema s.p.a (Italy)
Würfel (India)
Spacewood (India)
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Report Coverage:
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Rising Popularity of Home Decor and Demand for Customized Furniture to Propel Market Growth
The increasing use of furniture for interior and home decoration has spurred product demand. The cabinet can be customized to suit the needs of the user and the color, texture and style of the room fueling global wardrobe market growth. Manufacturers also focus on creating cabinets in various finishes, designs, and materials that add aesthetic beauty to a room and provide ample space for storing clothes and accessories.
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Competitive Landscape
Market Players Focus on New Product Launches to Strengthen Market Position
Leading companies in the market companies are competing to increase their market share by providing solutions that are specific to particular sectors. These players strategically work with and take over local rivals to gain a solid regional footing. In October 2022, Carlton London expanded its home furnishings range in India through Flipkart, by introducing its range of furniture the website. The brand's Home products include closets, beds, sofas, mattresses, and TV units under its furniture range.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of the Parent Market
Industry SWOT Analysis
Supply Chain and Regulatory Landscape
Market Analysis and Insights (in Relation with COVID-19)
Impact of COVID-19 on the Market
Supply Chain Challenges due to the Pandemic
Potential Opportunities to Support the Market
Global Wardrobe Market Analysis, Insights and Forecast, 2019-2030
Key Findings / Summary
Market Size Estimates and Forecast
By Material
Wood
Metal
Glass
Others
By Category
Manual
Automated
By Application
Residential
Commercial
By Distribution Channel
Online
Offline
By Region
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued...!
Key Industry Development:
October 2022: OPPEIN Group opened its new store in Zimbabwe. The company further plans to expand in various other cities across the country.
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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