openPR Logo
Press release

Wooden Furniture Market To Register 5.5% CAGR by 2025? Companies include Ashley Furniture Industries, Bernhardt Furniture Company, Bush industries Inc., Century Furniture, Inter IKEA Systems, Sauder Woodworking

05-05-2020 05:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insight, Inc

/ PR Agency: GMI
wooden furniture industry

wooden furniture industry

Residential applications dominated the global wooden furniture industry share in 2018. The growth of this segment can be attributed to strong a surge in GDP supported by the rising in government and private investments in residential construction. Upholstered and bedroom furniture accounts for a major share in the residential wooden furniture market. Availability of a wide range of wood species such as oak and walnut finishes has increased the penetration of high-quality home interior products.

Request for a sample copy of this report @
https://www.decresearch.com/request-sample/detail/4107

Increasing consumer preference towards branded and readymade furniture is likely to influence the market share over the projected timeframe. Rapid expansion of the housing sector owing to population & economic growth, growing FDI inflows, and government focus on smart cities is expected to augment product demand. According to the U.S. Census Bureau, the country's construction sector accounted for USD 1,246 Billion in 2017 with the residential sector accounting for over 40% of the total construction spending.

Top Industry Players -

o Ashley Furniture Industries,
o Bassett furniture Industries Inc.,
o Bernhardt Furniture Company,
o Bush industries Inc.,
o Century Furniture,
o Hooker Furniture Corporation,
o Inter IKEA Systems B.V.,
o Kinnarps AB,
o Sauder Woodworking Co.,
o Anh Home Interior,
o Zhejiang Huafeng Furniture Co. Ltd.,

Make an inquiry for purchasing this report @
https://www.decresearch.com/inquiry-before-buying/4107

Rising awareness regarding product benefits such as longevity and affordability are further driving the business expansion. Industry players have also enhanced their focus eco-friendly furniture to meet consumer requirements and gain a competitive edge. Ongoing expansion of the distribution network by large scale manufacturers and retail chains will fuel the industry landscape. Further, consumers are opting for smart-designed furniture offering enhanced functionality, strength, and durability. For instance, in March 2019, Ashley Furniture Industries opened its 8th "Homestore" in Indonesia to cater to the growing product demand.
Global wooden furniture market share is highly fragmented in nature owing to a large presence of manufacturers at the regional and global level. The key industry players include IKEA, Steel Case, Herman Miller, Ashley Furniture Industries, Haworth, Williams-Sonoma, Kinnarps Holding AB, USM Holding AG, Rooms To Go, and Vitra Holding AG. The key strategies observed in among the prominent manufacturers include expanding geographical presence, strategic mergers & acquisitions, design innovations, and increasing production capacity. For instance, in August 2018, IKEA opened a new 400,000 sq. ft store in India to gain market share

Browse more info @ https://www.prnewswire.com/news-releases/wooden-furniture-market-demand-to-cross-usd-580-bn-by-2025-global-market-insights-inc-300888835.html

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wooden Furniture Market To Register 5.5% CAGR by 2025? Companies include Ashley Furniture Industries, Bernhardt Furniture Company, Bush industries Inc., Century Furniture, Inter IKEA Systems, Sauder Woodworking here

News-ID: 2034988 • Views: 105

More Releases from Global Market Insight, Inc

What are the growth driving factors in conveyor belt market from 2020 to 2025; k …
Conveyor Belt Market will likely surpass USD 5 billion by 2025; according to a new research report. Implementation of favorable policies to nurture industrial development along with rapid urbanization in emerging economies has given an up thrust to manufacturing and mining sectors. These are the key driving factors for conveyor belt market growth over forecast timeframe. The product is used for conveying or transferring components & materials in different industries
Top Trends in Home Improvement Market through 2025; key players are Andersen Cor …
Real estate industry expansion coupled with increasing disposable income among the consumers in the developing countries including India, Brazil, Indonesia, Mexico etc. Are driving the home improvement market. Increasing spending on home improvement projects owing to inclination towards installation of modern household products having attractive and appealing finishing is expected to further support the business growth. Factors such as decreased willingness of the young generation consumers coupled with aging population
What are the growth driving factors in industrial air compressor market from 202 …
Industrial Air Compressor Market is expected to surpass USD 24 billion by 2026. Increase in manufacturing activities in most of the developing economies will bolster the overall industry size. Manufacturing sector growth in Asian region will boost the industrial air compressor market as the product are widely used in industries including steel fabrication, heavy engineering products, automotive production, energy & mining, food & beverage, pharma, etc. Asia Pacific region has witnessed
Top Trends in Crane Market through 2025; key players are Terex Corporation, Koma …
According to a new research report, Crane Market is expected to exceed USD 28 billion by 2025. The increasing construction spending and the emergence of new public & private infrastructures across the globe are driving the crane market growth at a rapid pace. High rise in urbanization activities and shift of the rural population to urban areas are adding to the demand for these machines. Recent developments in the residential

All 5 Releases


More Releases for Furniture

Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives
Bedroom Furniture Market 2019 By Vaughan-Bassett Furniture Company, Century Furn …
Global Bedroom Furniture Market 2019-2024: According to the Global Bedroom Furniture Market report, the market is expected to reach the value of $XX million at the end of the forecast period of 2019 – 2024, showing good progress, rising at a CAGR of XX%. The global Bedroom Furniture Market? report covers a detailed analysis of the Bedroom Furniture Market? including the various parameters on which the Bedroom Furniture Market? is analyzed
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry
Furniture Market:
The English word “furniture” is derived from a French word “fourniture”, which means to supply or provide.Furniture is a product of design and is also considered as a form of decorative art.The term refers to movable objects that are deliberately used to support different human activities such as seating (for example, chairs, stools, tables, and sofas) and sleeping (for example, beds). It is also used to hold objects at an
Contemporary furniture by TOSH Furniture
Los Angeles, CA, July 25, 2011 - Furnishing a house is considered to be a very integral part of decorating any type of house and thus, it has evolved into the modern trend setting factor in the contemporary market. TOSH furniture has emerged as a major provider of modern furniture and now they are supposedly one of the leading furniture providing companies. The company has recently launched a latest range
Modern patio furniture by TOSH Furniture
Los Angeles, CA, July 16, 2011 - The latest trend in the market in case of furniture is the modern patio furniture. Most of the companies are getting into this business and are designing various kinds of patio furniture in order to attract more and more customers. The customers are no longer happy with the same old wooden furniture and as a result, they are turning their attention to the
男女做爰高清免费视频-骚虎视频-4虎视频