Living and Dining Room Furniture Market - Growth, Trends, and Forecast (2022 - 2030)
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Market Overview
Furniture in the house makes the living environment more comfortable. Tables, chairs, and sofa set are the major furniture being used in the living room. Dining room furniture is an item of important home furniture. The use of a dining room is no longer limited to eating and dining. In modern times, a dining room is also used as the homework station for kids and a playroom for family. In general, dining table is an inevitable element in the basic furnishing of the dining room.
The market is expected to grow at a CAGR of 4% in the period of 2019-2024.
- The rising purchasing power of households along with the change in lifestyle, as well as the increasing trend of purchasing the living and dining room furniture through an online channel, are expected to drive the growth of the market.
- Globalization has helped in paving the way for easier facilitation and has increased the availability of living and dining room furniture products, by offering a wide range of designs for customers.
- The increasing demand for premium furniture is also one of the key drivers of the market.
Scope of the Report
A complete background analysis of the living and dining room furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview is covered in the report.
Key Market Trends
Wooden Furniture for Living and Dining Room Segment
The Wooden Furniture market segment focuses on furniture that is made primarily of wood and used in living and dining rooms. It includes bar, coffee and other occasional side tables, dining and buffet tables, TV and media stands, bookshelves, wine and other cabinets, chests, and other living and dining room storage furniture.
The United States accounted for the major market share in revenue in 2018.
Asia-Pacific is Anticipated to Witness the Highest Growth
Factors, such as escalating real estate growth, increasing residential construction, and growing personal disposable income in developing countries, are anticipated to boost the living room furniture market in Asia-Pacific over the forecast period. Moreover, shortage of skilled labor especially in China and India, lack of better transport facilities, and insufficient infrastructural facilities are likely to hamper the market growth.
Growth in housing units, increasing middle-class level population, rise in household expenditure, change in lifestyle, and the increased preference for branded furniture, are some of the major factor sthat will increase the demand for the market in the region during the forecast period.
Competitive Landscape
The report covers major international players operating in the living and dining room furniture market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Furniture in the house makes the living environment more comfortable. Tables, chairs, and sofa set are the major furniture being used in the living room. Dining room furniture is an item of important home furniture. The use of a dining room is no longer limited to eating and dining. In modern times, a dining room is also used as the homework station for kids and a playroom for family. In general, dining table is an inevitable element in the basic furnishing of the dining room.
The market is expected to grow at a CAGR of 4% in the period of 2019-2024.
- The rising purchasing power of households along with the change in lifestyle, as well as the increasing trend of purchasing the living and dining room furniture through an online channel, are expected to drive the growth of the market.
- Globalization has helped in paving the way for easier facilitation and has increased the availability of living and dining room furniture products, by offering a wide range of designs for customers.
- The increasing demand for premium furniture is also one of the key drivers of the market.
Scope of the Report
A complete background analysis of the living and dining room furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview is covered in the report.
Key Market Trends
Wooden Furniture for Living and Dining Room Segment
The Wooden Furniture market segment focuses on furniture that is made primarily of wood and used in living and dining rooms. It includes bar, coffee and other occasional side tables, dining and buffet tables, TV and media stands, bookshelves, wine and other cabinets, chests, and other living and dining room storage furniture.
The United States accounted for the major market share in revenue in 2018.
Asia-Pacific is Anticipated to Witness the Highest Growth
Factors, such as escalating real estate growth, increasing residential construction, and growing personal disposable income in developing countries, are anticipated to boost the living room furniture market in Asia-Pacific over the forecast period. Moreover, shortage of skilled labor especially in China and India, lack of better transport facilities, and insufficient infrastructural facilities are likely to hamper the market growth.
Growth in housing units, increasing middle-class level population, rise in household expenditure, change in lifestyle, and the increased preference for branded furniture, are some of the major factor sthat will increase the demand for the market in the region during the forecast period.
Competitive Landscape
The report covers major international players operating in the living and dining room furniture market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Details
INH-14352788
01-Jun-2019
148
01-Jun-2019
148
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