Home Furniture Market Overview

The report is titled ‘Home Furniture Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the home furniture market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The home furniture market is expected to grow at a significant rate in the near future.

Home Furniture Market Definition

Furniture is a moveable item intended to assist various human actions including seating, sleeping, protection and fencing, or to hold or keep the objects at a certain height for working. Also, furniture can also be developed and utilized as decorative items. The home furniture relates to the segment of products, which engross the physical atmosphere of the household.

Home Furniture Market Dynamics

The rapid development of construction sector, in the present time and age, owing to the rising population and various initiatives and investments for smart city projects is one of the primary factors that is driving the demand of home furniture in the global markets, and thus the global home furniture market is projected to observe positive growth in the near future. Along with the rising population, worldwide, the demand for residential and commercial spaces is also increasing which further is playing a positive role in boosting the demand of home furniture across the world.

Other than that, in the present times, everyone is fond of embellishing and decorating their houses with beautiful furniture items and thereby, stimulates the demand of home furniture globally. Attributing to such factors, the global home furniture market is projected to elevate considerably in the forthcoming years. By the same token, the increased standard of living of people together with increased disposable income are also other major factors that are estimated to accelerate the growth of the global home furniture market over the forecast period.

Furthermore, the growing government investments in infrastructural development is also contributing towards construction of more and more residential spaces, thereby propelling the demand of home furniture in the global markets. Therefore, the global home furniture market is projected to witness significant growth over the coming years.

Home Furniture Market Segmentation

The global home furniture market is segmented on the basis of product, distribution channels, and regions. On the basis of the product, the home furniture market is segmented into living room and dining room furniture, bedroom furniture, kitchen furniture, lamps and lighting furniture, and plastic and other furniture. On the basis of the distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online, and other distribution channels.

By Product

Living room and dining room furniture

Bedroom furniture

Kitchen furniture

Lamps and lighting furniture

Plastic and other furniture

By Distribution Channels

Supermarkets and hypermarkets

Specialty Stores

Online

Other Distribution Channels

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Home Furniture Market Key Players

The global home furniture market is dominated by IKEA, Ashley Furniture Industries, Inc., La-Z-Boy, Godrej Interio, Flexsteel, among others.

MMC Overview on Home Furniture Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the home furniture market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of home furniture

Advantages of home furniture

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Home Furniture Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Home Furniture Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Home Furniture Market Snapshot

2.4.    Global Home Furniture Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Home Furniture Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints˙

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Home Furniture Assessment and Analysis

3.1.    Home Furniture Impact Analysis 

3.2.    Actions to encourage use of Home Furniture

3.3.    Home Furniture Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Home Furniture Market

4.1.    Impact Analysis of Covid-19 on the global Home Furniture market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Fluctuation In Production

4.5.    Volatility In Price 

4.6.    Effect On The Overall Trade 

4.7.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Home Furniture Market, By Product

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Product

5.1.2.    BPS Analysis, By Product

5.2.    Market Revenue (US$Mn) and Forecast, By Product

5.2.1.    Living room and dining room furniture

5.2.2.    Bedroom furniture

5.2.3.    Kitchen furniture

5.2.4.    Lamps and lighting furniture

5.2.5.    Plastic and other furniture

5.3.    Global Home Furniture Market Attractiveness Index, By Product

6.    Global Home Furniture Market, By Distribution Channel

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Distribution Channel

6.1.2.    BPS Analysis, By Distribution Channel

6.2.    Market Revenue (US$Mn) and Forecast, By Distribution Channel

6.2.1.    Supermarkets and hypermarkets

6.2.2.    Specialty Stores

6.2.3.    Online

6.2.4.    Other distribution channels

6.3.    Global Home Furniture Market Attractiveness Index, By Distribution Channel

7.    Global Home Furniture Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) and Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East 

7.2.6.    Africa

7.3.    Global Home Furniture Market Attractiveness Index, By Region

8.    North America Home Furniture Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) and Forecast, By Country

8.2.1.    U.S. Home Furniture Market

8.2.2.    Canada Home Furniture Market

8.3.    North America Home Furniture Market, By Product

8.3.1.    Living room and dining room furniture

8.3.2.    Bedroom furniture

8.3.3.    Kitchen furniture

8.3.4.    Lamps and lighting furniture

8.3.5.    Plastic and other furniture

8.4.    North America Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

8.4.1.    Supermarkets and hypermarkets

8.4.2.    Specialty Stores

8.4.3.    Online

8.4.4.    Other distribution channels

8.5.    North America Home Furniture Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Product

8.5.3.    By Distribution Channel

9.    Latin America Home Furniture Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    Brazil Home Furniture Market

9.2.2.    Mexico Home Furniture Market

9.2.3.    Rest Of Latin America Home Furniture Market

9.3.    Latin America Home Furniture Market, By Product

9.3.1.    Living room and dining room furniture

9.3.2.    Bedroom furniture

9.3.3.    Kitchen furniture

9.3.4.    Lamps and lighting furniture

9.3.5.    Plastic and other furniture

9.4.    Latin America Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

9.4.1.    Supermarkets and hypermarkets

9.4.2.    Specialty Stores

9.4.3.    Online

9.4.4.    Other distribution channels

9.5.    Latin America Home Furniture Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Product

9.5.3.    By Distribution Channel

10.    Europe Home Furniture Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    U.K. Home Furniture Market

10.2.2.    Germany Home Furniture Market

10.2.3.    Italy Home Furniture Market

10.2.4.    France Home Furniture Market

10.2.5.    Spain Home Furniture Market

10.2.6.    Russia Home Furniture Market

10.2.7.    Rest Of Europe Home Furniture Market

10.3.    Europe Home Furniture Market, By Product

10.3.1.    Living room and dining room furniture

10.3.2.    Bedroom furniture

10.3.3.    Kitchen furniture

10.3.4.    Lamps and lighting furniture

10.3.5.    Plastic and other furniture

10.4.    Europe Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

10.4.1.    Supermarkets and hypermarkets

10.4.2.    Specialty Stores

10.4.3.    Online

10.4.4.    Other distribution channels

10.5.    Europe Home Furniture Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Product

10.5.3.    By Distribution Channel

11.    Asia Pacific Home Furniture Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    China Home Furniture Market

11.2.2.    India Home Furniture Market

11.2.3.    Japan Home Furniture Market

11.2.4.    Australia and New Zealand Home Furniture Market

11.2.5.    South Korea Home Furniture Market

11.2.6.    Rest of Asia Pacific Home Furniture Market

11.3.    Asia Pacific Home Furniture Market, By Product

11.3.1.    Living room and dining room furniture

11.3.2.    Bedroom furniture

11.3.3.    Kitchen furniture

11.3.4.    Lamps and lighting furniture

11.3.5.    Plastic and other furniture

11.4.    Asia Pacific Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

11.4.1.    Supermarkets and hypermarkets

11.4.2.    Specialty Stores

11.4.3.    Online

11.4.4.    Other distribution channels

11.5.    Asia Pacific Home Furniture Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Product

11.5.3.    By Distribution Channel

12.    Middle East Home Furniture Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Home Furniture Market

12.2.2.    Israel Home Furniture Market

12.2.3.    Rest Of Middle East Home Furniture Market

12.3.    Middle East Home Furniture Market, By Product

12.3.1.    Living room and dining room furniture

12.3.2.    Bedroom furniture

12.3.3.    Kitchen furniture

12.3.4.    Lamps and lighting furniture

12.3.5.    Plastic and other furniture

12.4.    Middle East Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

12.4.1.    Supermarkets and hypermarkets

12.4.2.    Specialty Stores

12.4.3.    Online

12.4.4.    Other distribution channels

12.5.    Middle East Home Furniture Market Attractiveness Index

12.5.1.    By Country

12.5.2.    By Product

12.5.3.    By Distribution Channel

13.    Africa Home Furniture Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    South Africa Countries Home Furniture Market

13.2.2.    Egypt Home Furniture Market

13.2.3.    North Africa Home Furniture Market

13.2.4.    Rest of Africa Home Furniture Market

13.3.    Africa Home Furniture Market, By Product

13.3.1.    Living room and dining room furniture

13.3.2.    Bedroom furniture

13.3.3.    Kitchen furniture

13.3.4.    Lamps and lighting furniture

13.3.5.    Plastic and other furniture

13.4.    Africa Home Furniture Market Revenue (US$Mn) and Forecast, By Distribution Channel

13.4.1.    Supermarkets and hypermarkets

13.4.2.    Specialty Stores

13.4.3.    Online

13.4.4.    Other distribution channels

13.5.    Africa Home Furniture Market Attractiveness Index

13.5.1.    By Country

13.5.2.    By Product

13.5.3.    By Distribution Channel

14.    Competitive Landscape

14.1.    Company Profiles

14.1.1.    IKEA

14.1.1.1.    Company Overview

14.1.1.2.    Financial Overview

14.1.1.3.    Key Developments

14.1.1.4.    Strategies

14.1.1.5.    Product Analysis

14.1.2.    Ashley Furniture Industries, Inc.

14.1.3.    La-Z-Boy

14.1.4.    Godrej Interio

14.1.5.    Flexsteel

15.    Acronyms