Global Furniture Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2016-2024

1. Vision Value Visibility Report Code :CR 1002 2016-2024 Global Furniture Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India  +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

2. Executive Summary Sample Request Global Furniture Market Share (%), By Distribution Channel-2016-2024 Global Furniture Market Size (USD Billion), 2016-2024 XX% CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research With XX%share in Global Furniture market, Offline Channel segment to post highest share by 2024 . In 2016,Global Furnituremarket reached USD XX Billion expanded on the back of spiked absorption of furniture in residential sector Global Furniture Market Share (%), By Residential & Commercial Sector-2016 Global Furniture Market Share (%), By Material Type-2016 Global Residential Furniture Market Share (%), By Products -2016 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

3. Major Players Presence-Regional Analysis Sample Request Low Penetration High Penetration Medium Penetration Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

4. Global Furniture Market Size (USD Billion) & Growth Analysis Sample Request Global Furniture Market Size (USD Billion)-2016-2024 Global Furniture Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global Furniture market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Increasing number of office-based sectors including software, hospitals, and schools is rising the demand of the furniture sector. All these factors are attributed to the growth of the global market. Moreover, manufactures providing a wide variety of well-designed, versatile, fashionable, compact, vogue, and customized furniture for every use is boosting the demand of the furniture sector. People opting for furniture serving requirements such as customization have also increased the demand in the global market • The furniture market has been growing steadily year-over-year due to the rise in population, high penetration of organized retail, increase in the number of single-parent families, and the boom in the real estate industry worldwide. Revenue growth in the market will be driven by the rising demand for ready-to-assemble (RTA), eco-friendly, premium, and designer furniture. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

5. Market Dynamics Sample Request Growth Drivers Growth Barriers Sample General Trend Highly Complex Moderately Complex Waived Housing Market Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

6. Global Furniture Market Opportunity, 2016-2024 Sample Request Revenue Opportunities By Product Type, 2024 • Most large furniture manufacturers are able to successfully compete in equally sized economies of scale, while smaller manufacturers are usually more successful at competing with specialty items or high-quality craftsmanship pieces • Retail and Designs: Many furniture manufacturers opt into selling to a network of retailers because they can gain knowledge about consumer trends and preferences, as well as promoting their brand. Designs are also fluctuating for home and office furniture manufacturers. As work styles change, there is an increased demand to offer flexibility to support numerous wires, cables and computer equipment in the office. As people incorporate a more open floor plan in their homes or add exercise rooms, furniture tastes and needs will also change • Online Sales: Popular online retailers range from Wayfair, Amazon and Overstock accounting for the majority of online furniture sales. Many furniture manufacturers, such as Basset, IKEA and La-Z-Boy, are following suit and making their furniture available for online purchase as well • Of the total online retail market, online furniture pieces are growing the quickest of all online retail sales. So, this is a huge opportunity for small furniture manufacturers who make up-scale or high-end furniture to either sell their products online or reach out to key online retailers to support their sales growth Sample Source: Goldstein Research Online Retail Furniture Market Size (USD Million), 2015-2016 •  USD XX Million • 2015 •  USD XX Million • 2016 Source: XXXX Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

7. Global Seating Furniture Market, 2016-2024 Sample Request Global Seating Furniture Market Size (USD Billion)-2016-2024 Global Seating Furniture Market Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global Seating furniture Industry was USD XX billion in 2016, expected to attain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024. The selected leading manufacturers, which account for XX% of the total furniture market, achieved a growth rate of XX% in 2016. • North America dominates the seating furniture market owing to the major advancements in the furniture sector closely followed by Europe with XX% market share in global furniture market. • In addition, the rising consumer disposable income also boosts the demand of the furniture in the region. Owing to the changing life styles, China has emerged as the largest and the fastest growing furniture market in Asia Pacific. Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

8. Global Furniture Market Share (%), 2016 & Market Size (USD Billion), By Region,2016-2024 Sample Request Global Furniture Market Share (%) - By Region, 2016 Global Furniture Market Size (USD Billion) - By Region, 2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Globally, domestic furniture accounts for XX per cent of the production value, whilst corporate/office furniture represents XX per cent, hotel furniture XX per cent and furniture parts XX per cent. The organized furniture industry is expected to grow by XX per cent every year. A large part of this growth is expected to come from the rapidly growing consumer markets of Asia, implying significant potential for growth in the Indian furniture sector • The contract segment caters primarily to hotels and its growth is consequently linked to growth in tourism and development of new hotels. The furniture industry covers the entire gamut of activities, from sourcing, manufacturing and distribution, to sales and after sales. The key raw materials include wood, metal and plastic, with bamboo and cane also being used in some cases Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

9. Porter’s Five Force Model Sample Request Customer cannot easily switch to substitute products. So substitutes are not a major threat to this industry. When there are actual and potential substitute products available then segment would be unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline. The Barriers to Entry are significantly medium to high which means that it will be bumpy road for outside companies to enter into the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence . Sample Threat of new entrants Bargaining Power of buyers Bargaining power of suppliers Threat of substitute products or services • Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: • There are number of small or equal competitors and less when there’s a clear market leader. • Customers have low switching costs • Industry is growing • Exit barriers are high and rivals stay and compete • Fixed cost are high resulting huge production and reduction in prices The power of Buyers is high and they are able to negotiate for better pricing due to the presence of unorganized sector. However on the supplier side, the power of Suppliers is also low as there are multiple supplier for a particular systems and these causes, for companies to compete on price when they do not have any point of differentiation. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

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11. Vision Value Visibility Sample Request About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

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