The new research report titled “Furniture market, Global Industry Analysis, and Forecast to 2028″ gives a detailed analysis and future forecasts of the market. The report highlights the significant players, including market size, share, and demand, development. This report further covers the latest trends, technological advancements, and growth opportunities.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the furniture market include Ashley Furniture Industries Ltd., Haworth Inc., Herman Miller Inc., HNI Corp., IKEA International Group, Kimball International, Knoll Inc., KOKUYO Furniture Co. Ltd., Masco Corp., Sears Holdings Corp. and Steelcase Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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The growing real state sector coupled with increasing demand for multi-functional furniture is driving the market growth. Additionally, rising demand for more luxurious and convenient furniture owing to increasing disposable income is further fuelling the market growth. On the other hand, the fluctuating cost of raw material may restrict market growth. Whereas, innovations in the furniture market along with the customized furniture option for the consumers by the major players is anticipated to augment demand for furniture over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of furniture.
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The broad furniture market has been sub-grouped into type, material and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for furniture in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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