Scope of the Study
Modular furniture is used in home and commercial purposes. Corporates and large enterprises and are investing heavily in furnishing and interiors of office spaces to provide the employee with comfortable and productive environments. Thus, vendors are designing office furniture that offers better comfort and minimizes stress. Moreover, Modular furniture is also gaining popularity in the developing economies has projected the growth of the market over the forecast period.
The market study is being classified by Type (Tables, Sofas, Cabinets, Beds, Chairs and Others), by Application (Household, Office Application and Other) and major geographies with country level break-up.
USM Modular Furniture (Switzerland), IKEA (Netherlands), Steelcase (United States), West Elm (United States), Williams Sonoma (United States), Herman Miller, Inc. (United States), HNI Corporation (United States), Okamura (Japan), Martela (Finland) and Kimball International (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are KI (United States), BYWAYINDIA (India), Krishna Office Furniture Systems (India), DM Modular (India) and AFC SYSTEMS (India).
The Vendors having a strong hold in the market are USM Modular Furniture, IKEA, Steelcase, and West Elm. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Modular Furniture market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Modular Furniture market by Type, Application and Region.
On the basis of geography, the market of Modular 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing demand for multi-functional furniture. In emerging economies like India majority of Indian middle-class populations are living in small flats and homes, But in the present scenario, furniture occupies a majority of the space in the home. Space-saving furniture or multi-functional furniture is one of the options to solve these problems.
- Rising Demand for Premium and Luxury Furniture in Developed Countries
- Increasing Application of Hardwood in Furniture
- Fluctuating Raw Material Prices
- Increasing Demand for Green Furniture and Rising Online Retail
- Developing Real Estate Industry
- Presence of Local Furniture Manufacturers
Key Target AudienceModular Furniture Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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