Home / Consumer Goods / Furniture Market By Material Type (Wood, Plastic, Metal), By Application (Residential, Plastic) - Growth, Share, Opportunities, Competitive Analysis, And Forecast 2016 - 2023

Furniture Market By Material Type (Wood, Plastic, Metal), By Application (Residential, Plastic) - Growth, Share, Opportunities, Competitive Analysis, And Forecast 2016 - 2023

Published: Nov 2016 | Report Code: 58170-11-16

The furniture is usually a mutable object which supports in maintaining various activities such as seating, sleeping, dining, fencing and others. The furniture can be designed and utilized as a decorative object. It is usually made up of various available materials which include wood, metal and plastics. Over the past few years, furniture has become an integral part of human life. The demand for various types of furniture has showcased tremendous growth in the past 5-6 years due to rising growth of real estate all across the world. In terms of wood furniture, different varieties of woods are utilized to manufacture different sets of furniture including softwoods and hardwoods. Furniture is highly utilized in both commercial and for residential purposes out of which later captures the major chunk in the turnover of the market. There are wide variety of furniture utilized on a daily basis which includes tables, beds, chairs, cupboards, desks, and others. Thus the demand for various furniture is expected to incline over the coming few years till 2023.

Increasing movement of people from rural to urban areas, rising disposable income of households and changing lifestyles especially in Asian countries such as China, India and Indonesia is anticipated to impel the growth of global furniture market between 2016 and 2023. Availability of trendy and fashionable sofa set, dining set and other furniture will stimulate the demand for furniture across the globe in the next few years. Asia Pacific furniture market is anticipated to overtake North America with the maximum revenue share in the total revenue of global furniture market by region in 2023. Over the next few years, Latin America and Middle East & Africa as well as Eastern European furniture market is also anticipated to prosper at a strong CAGR till 2023. This is majorly due to rising urbanization along with changing demographics and increasing personal disposable income and purchasing power of households in the mentioned regions.

Furniture market has been estimated to be valued at US$ 137.5 Bn by the end of 2016 and is expected to attain revenue of US$ 186.5 Bn by 2023, expanding at a CAGR of 4.5% during the forecast period 2016-2023.

Furniture Market

Purpose of the Report

The purpose of this strategic research study titled “Global Furniture Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global furniture market.

Target Audience

  • Industry Investor
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Furniture Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global furniture market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on material type, application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading furniture vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within furniture
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global furniture market, of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Furniture Market

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Online Internet Penetration worldwide
3.2.2 Market Challenges
3.2.2.1 Availability of Duplicate products
3.2.3 Market Opportunities
3.2.3.1 Potential for Furniture growth in Middle East and Latin Amerian Region
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Global Furniture Market

Chapter 4 Global Furniture Market Analysis, By Material Type
4.1 Wood
4.2 Plastic
4.3 Metal

Chapter 5 Global Furniture Market Analysis, By Application
5.1 Residential
5.2 Plastic

Chapter 6 North America Furniture Market Analysis
6.1 Overview
6.1.1 North America Furniture Market Revenue, 2013 – 2023, (US$ Mn)
6.2 North America Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
6.2.1 North America Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
6.3 North America Furniture Market Analysis, By Material type, 2013 – 2023 (US$ Mn)
6.3.1 North America Furniture Market Analysis, By Material type, 2013 – 2023 (US$ Mn)
6.4 North America Furniture Market Analysis, By Country, 2013 – 2023 (US$ Mn)
6.4.1 U.S.
6.4.2 Canada

Chapter 7 Europe Furniture Market Analysis
7.1 Overview
7.1.1 Europe Furniture Market Revenue, 2013 – 2023, (US$ Mn)
7.2 Europe Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
7.2.1 Europe Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
7.3 Europe Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
7.3.1 Europe Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
7.4 Europe Furniture Market Analysis, By Country, 2013 – 2023 (US$ Mn)
7.4.1 Germany
7.4.2 France
7.4.3 U.K.
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Furniture Market Analysis
8.1 Overview
8.1.1 Asia Pacific Furniture Market Revenue, 2013 – 2023, (US$ Mn)
8.2 Asia Pacific Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
8.2.1 Asia Pacific Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
8.3 Asia Pacific Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
8.3.1 Asia Pacific Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
8.4 Asia Pacific Furniture Market Analysis, By Country, 2013 – 2023 (US$ Mn)
8.4.1 China
8.4.2 India
8.4.3 Japan
9.5.4 Rest of Asia Pacific

Chapter 9 Latin America Furniture Market Analysis
9.1 Overview
9.1.1 Latin America Furniture Market Revenue, 2013 – 2023, (US$ Mn)
9.2 Latin America Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
9.2.1 Latin America Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
9.3 Latin America Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
9.3.1 Latin America Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
9.4 Latin America Furniture Market Analysis, By Country, 2013 – 2023 (US$ Mn)
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Rest of Latin America

Chapter 10 Middle East & Africa Furniture Market Analysis
10.1 Overview
10.1.1 Middle East & Africa Furniture Market Revenue, 2013 – 2023, (US$ Mn)
10.2 Middle East & Africa Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
10.2.1 Middle East & Africa Furniture Market Analysis, By Application, 2013 – 2023 (US$ Mn)
10.3 Middle East & Africa Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)
10.3.1 Middle East & Africa Furniture Market Analysis, By Material Type, 2013 – 2023 (US$ Mn)

Chapter 11 Snapshot of Major Furniture Players

Chapter 12 Macroeconomic and Forecast Indicators Impacting the Furniture Market
13.1 Urban Population
13.2 Real Estate Market
13.3 Personal Disposable Income

List Of Table :

TABLE 1 Market Snapshot: Global Furniture Market
TABLE 2 Global Furniture Market, By Material Type, 2013 - 2023 (US$ Mn)
TABLE 3 Global Furniture Market, By Application, 2013 - 2023 (US$ Mn)
TABLE 5 North America Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 6 North America Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 8 U.S. Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 9 U.S. Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 11 Canada Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 12 Canada Furniture Market Analysis, By Material type 2013 – 2023, (US$ Mn)
TABLE 14 Europe Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 15 Europe Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 17 Germany Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 18 Germany Furniture Market Analysis, By Material type 2013 – 2023, (US$ Mn)
TABLE 20 France Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 21 France Furniture Market Analysis, By Material type 2013 – 2023, (US$ Mn)
TABLE 23 U.K. Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 24 U.K.Furniture Market Analysis, By Material type 2013 – 2023, (US$ Mn)
TABLE 26 Rest of Europe Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 27 Rest of Europe Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 29 Asia Pacific Furniture Market Analysis, By Material Type, 2013 – 2023, (US$ Mn)
TABLE 30 Asia Pacific Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 32 China Furniture Market Analysis, By Material Type, 2013 – 2023, (US$ Mn)
TABLE 33 China Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 35 India Furniture Market Analysis, By Material Type, 2013 – 2023, (US$ Mn)
TABLE 36 India Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 38 Japan Furniture Market Analysis, By Material Type, 2013 – 2023, (US$ Mn)
TABLE 39 Japan Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 41 Rest of Asia Pacific Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 42 Rest of Asia Pacific Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 44 Latin America Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 45 Latin America Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 47 Brazil Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 48 Brazil Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 50 Mexico Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 51 Mexico Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 53 Rest of Latin America Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 54 Rest of Latin America Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 56 Middle East & Africa Furniture Market Analysis, By Material type, 2013 – 2023, (US$ Mn)
TABLE 57 Middle East & Africa Furniture Market Analysis, By Application, 2013 – 2023, (US$ Mn)
TABLE 59 Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

List Of Figure :

FIG. 1 Furniture Market: Research Methodology
FIG. 2 Attractive Investment Proposition
FIG. 3 Market Share Analysis of Key Manufacturers in Global Furniture Market, 2015 (Value %)
FIG. 4 Furniture Application Market in Residential, 2013 - 2023 (US$ Mn)
FIG. 5 Furniture Application Market in Commercial, 2013 - 2023 (US$ Mn)
FIG. 6 Furniture Material Type Market in Wood, 2013 - 2023 (US$ Mn)
FIG. 7 Furniture Material Type Market in Plastic, 2013 - 2023 (US$ Mn)
FIG. 8 Furniture Material Type Market in Metal, 2013 - 2023 (US$ Mn)
FIG. 9 North America Furniture Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 10 Europe Furniture Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 11 Asia Pacific Furniture Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 12 Latin America Furniture Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 13 Middle East & Africa Furniture Market Revenue, 2013 – 2023, (US$ Mn)

 

On the basis of application, the furniture market is categorized into following types:

  • Commercial
  • Residential

Furniture Market

The global furniture market is exemplified by availability and presence of strong competition among the existing companies (both international and local/regional players). In the furniture segment, the conglomerates are competing on the basis of differentiation in the price, product, and quality in order to gain the significant market share in the furniture market due to unorganized nature of the business. The top vendors are investing in planning and manufacturing of new, customized and innovative furniture. The strong investment in research and development would be an essential strategy by the companies in order to survive in the competitive scenario of global furniture market in the organized sector. The global furniture market is also segmented on the basis of application such as residential and commercial. Amongst this, residential have been estimated to contribute more than 50% in the total furniture market by end of 2016. Followed by it, commercial is expected to mark higher growth in the overall revenue of furniture market in the future due to rising number of offices worldwide.

On the basis of geography, the global furniture market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Russia
  • Asia Pacific
    • China
    • India
    • South Korea
  • Middle East & Africa
  • Central & South America
    • Brazil

Furniture Market

E-commerce and online shopping growth have intensified the demand for smartphones globally, and has strengthened the trend of purchasing the furniture through online platform. North America region stood at first position in the global furniture market in 2015. It accounted for more than 45% share of global furniture market. The sales of furniture are growing in Asia due to robust growth in personal disposable income, thus Asia’s burgeoning middle class population is anticipated to demand furniture which is available at nominal price, thus fostering the growth of furniture market in this region. Followed by it, Europe marked significant share and stood at second position in the global furniture market in 2015. By 2023, Asia, Middle East & Africa and Latin America are expected to expand at a significant compound annual growth rate. Factors such as availability of smartphone at a low price, rising purchasing power of middle class population and comfortable lifestyle in these region is anticipated to bolster the growth of furniture market during the forecast period.

On the basis of material type, the furniture market is categorized into following types:

  • Wood
  • Plastic
  • Metal

Furniture Market

Escalation in global demand for reasonable and affordable furniture generated the requirements for such that are crucial for global furniture manufacturers to prosper in current scenario. The availability of some of major international companies as well as various small and local regional brands has strengthened the growth of global furniture market over the past few years. Over the next few years, the global furniture market is anticipated to be dominated by various regional/local players due to very low production cost as well as competitive pricing in the market. On the basis of material type, the global furniture market is further bifurcated by wood, plastic and metal furniture. In 2015, the wood segment contributed highest in the total revenue of global furniture market, followed by it the plastic segment especially from developed regions such as North America and Europe. Thus, the aftermarket market is likely to be dominated by wood segment over the period 2016-2023. The low priced plastic furniture is also manufactured by regional players which are available at low cost are expected to be highly popular in Asian countries and in Middle East and Latin American region.

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