Global Furniture Market 2017-2021

  • ID: 4368933
  • Report
  • Region: Global
  • 85 pages
  • TechNavio
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Analysts forecast the global furniture market to grow at a CAGR of 4.27% during the period 2017-2021

FEATURED COMPANIES

  • 9to5 Seating
  • Creative Wood
  • HNI
  • Kimball International
  • Rooms To Go
  • TJX
  • MORE
About Furniture

Analysts forecast the global furniture market to grow at a CAGR of 4.27% during the period 2017-2021

Furniture is generally used for symbolic or decorative purposes. Wood, steel, plastic, glass, and many other materials are used in making furniture. It is built with some specific functionality like sleeping, studying, eating, and seating. Convenience and comfort play an important role in a consumer's hectic lifestyle and schedule. With greater brand consciousness, the demand for branded furniture and home furnishings products has increased. Consumers worldwide are spending more on home decor products and are aware of the latest interior design trends and unique designer furnishings. This drives the global furniture market.

Covered in this report

The report covers the present scenario and the growth prospects of the global furniture market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and excludes retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Global Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
  • Ashley Furniture Industries
  • IKEA
  • Steelcase
  • Williams-Sonoma
Other Prominent Vendors
  • Rooms To Go
  • TJX
  • Herman Miller
  • HNI
  • Okamura
  • 9to5 Seating
  • Clarin
  • Creative Wood
  • Kimball International
Market Drivers
  • Innovations in design
  • For a full, detailed list, view the full report
Market Challenges
  • Risks of international trade
  • For a full, detailed list, view the full report
Market Trends
  • Rising demand for multi-functional furniture
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research:
  • Primary research includes in-depth interviews with industry experts, vendors, resellers and customers
  • Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 9to5 Seating
  • Creative Wood
  • HNI
  • Kimball International
  • Rooms To Go
  • TJX
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Global furniture market by product
  • Global home furniture market
  • Global office furniture market
  • Global office furniture market segmentation by end-user
  • Global office furniture market segmentation by distribution channel
  • Global office furniture segmentation by product
PART 07: Geographical segmentation
  • Global furniture market by geographical segmentation
  • Furniture market in APAC
  • Furniture market in Americas
  • Furniture market in EMEA
PART 08: Key leading countries
  • Furniture market in China
  • Furniture market in US
  • Furniture market in Germany
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends

PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • IKEA
  • Ashley Furniture Industries
  • Williams-Sonoma
  • Steelcase
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global furniture market: Overview
Exhibit 02: Global furniture market: By revenue 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global furniture market: Product segmentation 2016 and 2021
Exhibit 05: Global home furniture market: Overview
Exhibit 06: Global home furniture market 2016-2021 ($ billions)
Exhibit 07: Global living room furniture market 2016-2021 ($ billions)
Exhibit 08: Global bedroom furniture market 2016-2021 ($ billions)
Exhibit 09: Global other home furniture market 2016-2021 ($ billions)
Exhibit 10: Global office furniture market 2016-2021 ($ billions)
Exhibit 11: Global office furniture market: Segmentation by end-user 2016
Exhibit 12: Global commercial office furniture market 2016-2021 ($ billions)
Exhibit 13: Global residential office furniture market 2016-2021 ($ billions)
Exhibit 14: Global office furniture market: Segmentation by distribution channel 2016 and 2021
Exhibit 15: Global office furniture market by distribution channel 2016 and 2021 ($ billions)
Exhibit 16: Global office furniture: Segmentation by product
Exhibit 17: Global office seating furniture market 2016-2021 ($ billions)
Exhibit 18: Global office furniture system market 2016-2021 ($ billions)
Exhibit 19: Global office table market 2016-2021 ($ billions)
Exhibit 20: Global office filing and storage unit market 2016-2021 ($ billions)
Exhibit 21: Global office furniture overhead bin market 2016-2021 ($ billions)
Exhibit 22: Global furniture market: Geographical segmentation by revenue in 2016 and 2021
Exhibit 23: Furniture market in APAC 2016-2021 ($ billions)
Exhibit 24: Furniture market in Americas 2016-2021 ($ billions)
Exhibit 25: Furniture market in EMEA 2016-2021 ($ billions)
Exhibit 26: Global furniture market: Market share of key leading countries 2016 (% revenue)
Exhibit 27: Furniture market in China 2016-2021 ($ billions)
Exhibit 28: Furniture market in US 2016-2021 ($ billions)
Exhibit 29: Furniture market in Germany 2016-2021 ($ billions)
Exhibit 30: Global furniture market: Key competitors
Exhibit 31: IKEA: Business segmentation by revenue 2015
Exhibit 32: IKEA: Geographic segmentation by sales 2015
Exhibit 33: IKEA: Top selling countries by sales 2015
Exhibit 34: IKEA: Product portfolio
Exhibit 35: Ashley Furniture Industries: Product portfolio
Exhibit 36: Williams-Sonoma: Business segmentation by revenue 2015
Exhibit 37: Williams-Sonoma: Segmentation by revenue 2015
Exhibit 38: Williams-Sonoma: Product portfolio
Exhibit 39: Steelcase: Product segmentation by revenue 2015
Exhibit 40: Steelcase: Product segmentation by revenue 2015 and 2016 ($ billions)
Exhibit 41: Steelcase: Product portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 9to5 Seating
  • Creative Wood
  • HNI
  • Kimball International
  • Rooms To Go
  • TJX
  • MORE
New Research Report - Global Furniture Market 2017-2021

The publisher recognizes the following companies as the key players in the global furniture market: Ashley Furniture Industries, IKEA, Steelcase, and Williams-Sonoma.

Other Prominent Vendors in the market are: Rooms To Go, TJX, Herman Miller, HNI, Okamura, 9to5 Seating, Clarin, Creative Wood, and Kimball International.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Rising demand for multi-functional furniture. With the population growing in most parts of the world, particularly in urban cities, real estate prices have increased significantly. This has led to considerable reduction in available sizes of homes. As available space is smaller, consumers look for furnishings that are compact and easily portable to allow for efficient use of the available space. To cater to such requirements, vendors have begun introducing multifunctional furniture with storage facilities. Many modern furniture products come with storage spaces in tables, under beds, and in entertainment consoles. Multifunctional sofas and recliner chairs can be unfolded and used as beds.”

According to the report, one of the major drivers for this market is Innovations in design. The vendors competing in the market anticipate and quickly respond to changing consumer demands or preferences. Innovations in design and construction of furniture, use of recyclable materials, and provision of efficient space-saving storage solutions are some of the features leading to market growth. IKEA’s Democratic Design Center in Älmhult, Sweden allows people to create and share their ideas throughout the product development process.

Further, the report states that one of the major factors hindering the growth of this market is Risks of international trade. In global trade (export or import), fluctuations in foreign currency exchange rates and the relative value of the currency used can have a significant effect on profit margins. Factors that can adversely affect the cost price and the delivery or availability of imported merchandise and exports to stores in other countries include restrictions on the convertibility of one currency to another, duty costs, trade agreements, taxes, other charges on imports, increase in labor costs, strikes, quota systems, ocean carriage or freight costs, and other restrictions on foreign trade.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Ashley Furniture Industries
  • IKEA
  • Steelcase
  • Williams-Sonoma
  • Rooms To Go
  • TJX
  • Herman Miller
  • HNI
  • Okamura
  • 9to5 Seating
  • Clarin
  • Creative Wood
  • Kimball International
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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