Market research and competitive intelligence provider Fact.MR expects demand for home furniture to register positive growth from 2021-2031, reaching US$ 290 Bn in value and registering 1.8x growth. By 2021, sales are anticipated to be valued at US$ 162 Bn. Amongst all product types, sales of beds & mattresses will experience maximum growth, reaching US$ 43 Bn by 2031.
The latest market research report analyzes Home Furniture Market demand by Different segments. Providing business leaders with insights On Home Furniture And how they can increase their market share.
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Key Segments Covered
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Product Type
- Beds and Mattresses
- Sofas and Armchairs
- Entertainment Units
- Storage Units
- Upholstery
- Tables and Desks
- Dining Home Furniture
- Kitchen Home Furniture
- Others
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Material Type
- Wooden Home Furniture
- Metal Home Furniture
- Glass Home Furniture
- Plastic Home Furniture
- Others
-
Sales Channel
- Home Furniture Sold at Retail Stores
- Home Furniture Sold Direct to Consumers
- Home Furniture Sold at Manufacturer Stores
- Home Furniture Sold through e-Commerce Stores
- Home Furniture Sold at Discount stores
- Home Furniture Sold at Rental Stores
- Home Furniture Sold at Club Stores
- Home Furniture Sold at DIY Stores
We leverage space-age industrial and digitalization tools to provide avant-garde actionable Home Furniture Market insights to our clients.
SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
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This report gives you access to decisive data such as:
- Demand of Home Furniture Market & Growth drivers
- Factors limiting Home Furniture market growth
- Current key trends of Home Furniture Market
- Market Size of Home Furniture and Home Furniture Sales projections for the coming years
Competitive Landscape
Prominent home furniture manufacturers are reliant on capacity expansion initiatives, enabling them to serve a broader customer base and enhancing manufacturing capabilities to increase output. Notable developments are as follows:
- Ashley Furniture Industries announced plans to initiate a new manufacturing facility in Pottsville, Pennsylvania, in March 2021. The new 100,000 square feet facility will serve as a furniture production site. This latest addition augments its already existing network of 11 production facilities servicing the U.S
- Likewise, in July 2021, La-Z-Boy Incorporated announced an investment of over US$ 30 million over a 2-year period in its Neosho, Missouri manufacturing facility, helping scale up production efficiency and shorten lead times for customers and consumers, as well as strengthening their manufacturing footprint
- In August 2021, Flexsteel Industries Inc. announced the opening of a 4th manufacturing facility in Mexico, in Mexicali, which is expected to be the largest plant in the whole country. With this initiation, the company intends to double its volume output to US$ 1 billion over the next 5 years
The report also offers key trends of Home Furniture market and an in-depth analysis of how the projected growth factors will shape the Home Furniture market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Home Furniture Market that are developing the current market scenario and which will be lucrative for the future demand of Home Furniture Market.
Crucial insights in Home Furniture market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Home Furniture market.
- Basic overview of the Home Furniture, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Home Furniture across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
The Demand of Home Furniture Market study includes the current market scenario on the global platform and also Sales of Home Furniture Market development during the forecast period.
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The Market insights of Home Furniture will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Home Furniture Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Home Furniture market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Home Furniture market .
The latest industry analysis and survey on Home Furniture provides sales outlook in 20+ countries, across key categories. Insights and outlook on Home Furniture market drivers, trends, and influencing factors are also included in the study.
List of the Leading Companies Profiled in the Home Furniture Market are:
To provide decision-makers with credible insights on their competitive landscape, the Home Furniture Market industry research report includes detailed competitive landscape analysis.
The competitive landscape analysis for Home Furniture Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Home Furniture manufacturers is provided so business leaders can understand the market scenario.
An assessment on the winning strategies of key Home Furniture Market manufacturers is provided, with recommendation on what works well in Home Furniture Market landscape.
Browse More Reports by Fact.MR : –https://www.einpresswire.com/article/557142137/high-efficiency-particulate-air-hepa-filtration-air-purifiers-to-capture-highest-market-value
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