Home Furniture Market 2019 – Outlook by Growth Rate, Industry Size, Share, Top Key Players, and Development Factors Forecast to 2024

Home Furniture

The “Home Furniture Market” report 2019 delivers up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

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Market Overview:

  • The home furniture refers to the category of products, which occupy the physical ambiance of a house. Home furnishings retailers include national chains and independent stores. The market is expected to register a CAGR of 5.2% in the forecast period, 2019-2024.
  • – The growing need for shifting and settling down has led to an upsurge in the demand for home furniture.
  • – Increasing demand for smart furniture is also projected to contribute toward the growth of the global home furniture market significantly.
  • – Increasing deterioration in the quality of the furniture has led the customers to purchase home furniture, globally. Low lending rates, along with the penetration of online stores in emerging economies, may surge the global market share.
  • – The global market is highly adaptive as per the changing trends and observes increasing competition from new entrants.
  • – The number of single- and two-person households has been increasing, resulting in the demand for small and portable furniture. Consumers have also been looking for furniture that is multi-purpose, foldable, and technology-driven, especially when it comes to living in smaller spaces.
  • Top Key Players of Home Furniture Market Are:

  • Ikea
  • Bed Bath & Beyond Inc.
  • Williams
  • Sonoma Inc.
  • Target Corporation
  • Wayfair Inc.
  • Home Depot Inc.
  • Ashley Furniture Industries Inc.
  • Heritage Home Group
  • La
  • Z
  • Boy
  • Rooms To Go
  • Mattress Firm
  • Herman Miller *

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Home Furniture Market on the global and regional level.

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    Scope of the Report:

  • A complete background analysis of the global home furniture market, which includes assessment of the economy, contribution of the sectors in the economy, market overview and market size estimation for the key segments, emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.

    Home Furniture market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Home Furniture market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    Key Market Trends:

    Bedroom Furniture Segment

    The rising demand for multifunctional furniture is expected to bolster the growth prospects of the bedroom segment. With an expanding global population, the real estate prices have plummeted significantly in most parts of the world, especially in cities and urban areas. This has led to a considerable reduction in house sizes. As rooms are getting smaller, customers are increasingly looking for furniture that is compact and easily movable to allow for efficient use of the available space. To cater to such requirements, the vendor companies have introduced multifunctional furniture with storage facilities. Most modern furniture products, like tables and beds, come with additional storage spaces.

    Living Room and Dining Room Furniture Segment

    This market segment includes furniture used in living rooms, parlors, lounges, lobbies, and dining rooms. This segment includes sofas, chairs, coffee and dining tables, bookshelves, and other pieces of furniture for storage. The global home furniture market focuses on furniture that is made primarily of wood and used in living and dining rooms. It includes a bar, coffee, and other occasional side tables, dining and buffet tables, TV and media stands, bookshelves, wine, and other cabinets, chests, and other living and dining room storage furniture.

    Home Furniture Market Report contents include:

    – Analysis of the Home Furniture market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Home Furniture including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Home Furniture Market Report Are:

    1 INTRODUCTION
    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Trends Influencing the Global Home Furniture Market
    4.5 Value Chain Analysis of the Global Home Furniture Market
    4.6 Millennials and the Housing Market
    4.7 Porter’s Five Forces Analysis
    4.8 E-commerce Impact on the Global Home Furniture Market
    4.9 Technological Innovations

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Furniture
    5.1.1.1 Living Room and Dining Room Furniture
    5.1.1.2 Bedroom Furniture
    5.1.1.3 Kitchen Furniture
    5.1.1.4 Lamps and Lighting Furniture
    5.1.1.5 Plastic and Other Furniture
    5.2 By Distribution Channel
    5.2.1 Offline
    5.2.2 Online
    5.3 Geography
    5.3.1 North America
    5.3.2 South America
    5.3.3 Europe
    5.3.4 Asia-Pacific
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Ikea
    6.1.2 Bed Bath & Beyond Inc.
    6.1.3 Williams-Sonoma Inc.
    6.1.4 Target Corporation
    6.1.5 Wayfair Inc.
    6.1.6 Home Depot Inc.
    6.1.7 Ashley Furniture Industries Inc.
    6.1.8 Heritage Home Group
    6.1.9 La-Z-Boy
    6.1.10 Rooms To Go
    6.1.11 Mattress Firm
    6.1.12 Herman Miller *

    7 INVESTMENT ANALYSIS ON THE GLOBAL HOME FURNITURE MARKET

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    9 APPENDIX

     

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