Global Home Furniture Market Overview:
Home furniture refers to furnishing and home decor in living rooms. Growing nuclear families and increasing usage of creative furniture for decorating living spaces and rising inclination of residential buyers towards designed, multi-purpose and smart pieces of furniture boosting the home furniture market. In addition, surging demand for furniture integrated with technologies such as remote-controlled furniture and mattresses expected to drive the home furniture sale for the forecasted period. According to AMA, the Global Home Furniture market is expected to see growth rate of 5.55%
- Growing Demand of Multi-Functional Furniture
- Increasing Demand for Technologically advanced Furniture
- Rising Online Retail
- Rising Demand for Premium and luxury Furniture From High Income Group
- Increasing Application of Hardwood in Furniture
- Fluctuating Raw Material Prices
- Increasing Demand of Green Furniture
- Developing Real Estate Industry
- Local furniture manufacturers
The home furniture market is fragmented owing to presence of numerous players. Merchants are gradually focusing on the improvement of assorted styles of furniture, specifically the ready-to-assemble and portable furniture.
Some of the key players profiled in the report are Cisco Bros. Corp. (United States), Bob Mills Furniture (United States), Eco Balanza Modern Artisan Furniture (United States), Vermont Wood Studios LLC (United States), Kimball International Inc. (United States), Godrej & Boyce Manufacturing Company Limited (India), Raymours Furniture Company, Inc. (United States), Crest Furniture Inc. (United States), L. & J. G. Stickley, Inc. (United States), Ashley Furniture Industries, Inc. (United States), Herman Miller, Inc. (United States), Century Furniture LLC (United States), Heritage Home Group LLC (United States), Masco Corporation Designs (United States), HNI Corporation (United States) and IKEA (Sweden). Additionally, following companies can also be profiled that are part of our coverage like PFC Furniture Industries, Inc. (United States), Okamura Corporation (Japan) and Others. Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Home Furniture market by 2024. Considering Market by By Material, the sub-segment i.e. Metal will boost the Home Furniture market. Considering Market by By distribution channel , the sub-segment i.e. Offline Retail Store will boost the Home Furniture market.
9 Jan 2019, BOB mills Furniture and TD bank introduce private label credit card platform, which offer customized and flexible financing to consumers through their website and across store’s footprint
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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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Home Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Home Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Furniture Manufacturer/ Distributors, Online Vendors, Retail Stores, Government Agencies, Research Institute, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.