What is Plastic Furniture Market Scope?
The home care and decoration industry has seen inconsistent growth since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, the overall performance of discretionary products has declined. Sales in the plastics and other furniture segment totaled USD 3,689 million in 2020. The market is expected to grow by 3.0% annually (CAGR 2020-2025). In a global comparison, the largest turnover is achieved in the USA. Plastic furniture saw healthy growth in the commercial sector. However, with the increasing growth of the construction industry worldwide, especially in developing countries, it is expected that the demand for plastic furniture in the living area will increase significantly.
The Plastic Furniture market study is being classified by Type (Dining Tables, Chairs, Stools, Coffee Tables and Other), by Application (Residential and Commercial) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plastic Furniture market throughout the predicted period.
Ashley HomeStore (United States), Rooms to Go (United States), Foliot Furniture (United States), Mattress Firm (United States), Williams-Sonoma, Inc. (United States), Hmart Limited (United States), Berkshire Hathaway (United States), La-Z-Boy (United States), American Signature (United States), Sleep Number (United States), Gelaimei Hotel Furniture (China), Fulilai Hotel Furniture Co., Ltd (China), Northland Furniture (United States) and Sleepy's (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Buhler Furniture (Canada), Mingjia Furniture (China), JL Furnishings LLC (United States) and Telos Furniture LLC (United States).
Analyst at AMA have segmented the market study of Global Plastic Furniture market by Type, Application and Region.
On the basis of geography, the market of Plastic Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Expanding Trend to Go Green Will Substantially Increase Demand for Ecological Plastic Furniture
- The Growing Trend of Nuclear Families
- Growing Real Estate and Hospitality Sector through Various Residential and Commercial Projects
- Demand for Versatile, Lightweight, Flexible, and Multi-Functional Furniture Offering Easy Portability and Application
- Growing Environmental Concerns across the World over Deforestation
- Inclined Towards Developing Eco-Friendly Furniture Due To Increasing Awareness among Consumers Regarding Eco-Friendly Products
- Lack of Characteristics and Elegance like Wood and Metal
- Plastic Is A Non-Biodegradable Product That Has Harmful Effects on the Environment
- The Strength of Plastic Furniture
- Plastic Furniture Can Limit Consumerís Preference Regarding Design and Aesthetic
Key Target AudienceManufacturers of Plastic Furniture, Distributors and Suppliers of Plastic Furniture, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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