Furniture and Home Furnishing

Format: 2017-02-22
Format: 2017-02-22
January 25, 2017 | 103 Pages | SKU: IRTNTR11702

Overview of the outdoor furniture market in the US

The outdoor furniture market in the US is anticipated to grow at a steady rate and will post a CAGR of close to 4% during the forecast period. The growing number purchases with the expanding hospitality industry, open-air sports areas, office spaces, and public gardens will drive the growth prospects for the outdoor furniture market in the US in the forthcoming years. Some of the major factors responsible for the growing hospitality industry segments such as food services, resorts, hotels, and spas includes the increasing preference for traveling and the subsequent need for lodging. Consequently, numerous major hotels and resorts partner with leading outdoor furniture retailers and manufacturers to set-up their outdoor premises. Furthermore, the rate of sale in the commercial space of the outdoor furniture market is also growing due to the increasing number of office spaces with landscaped and garden areas.

The increasing demand for grilling products gardens will drive the growth prospects for the outdoor furniture market in the US until the end of 2021. According to the industry research report, the demand for outdoor cooking equipment like grills is increasing with the growing popularity of cookery shows and recipes in magazines and on the Internet.

Competitive landscape and key vendors

The outdoor furniture market in the US is highly competitive and diversified due to the presence of a large number of well-established players and small- and mid-sized furniture players across the globe. These vendors are increasingly focusing


January 03, 2017 | 68 Pages | SKU: IRTNTR11358

Overview of the RTA furniture market in the US

Market research analysts at Technavio have predicted that the RTA furniture market in the US will grow steadily during the forecast period and post a CAGR of more than 5% by 2021. This market research analysis identifies the low-cost advantage for consumers, manufacturers, and retailers as one of the primary growth factors for this market. It has been observed that due to high labor costs and assembling expenditures, a fully-assembled furniture costs about 25% more than the ready to assemble furniture. Ready to assemble furniture eliminate the need for labor and assembling charges and also reduce the high shipping charges which makes them more economical and convenient than fully assembled furniture. Moreover, since ready to assemble furniture companies manufacture products with standard designs they are more economical for the vendors as well. This will result in further reduction in their prices, subsequently aiding market growth.

The emphasis on trendy home décor will induce consumers to opt for unique and designer furniture products. Furthermore, the country’s economic growth and the increasing disposable income of consumers, will also fuel the demand for luxury furniture brands. This will induce RTA furniture manufacturers to introduce products with designer offerings that are priced much lower than fully assembled furniture, fuelling market growth during the predicted period.

Competitive landscape and key vendors

The market is characterized by the presence of both major vendors and private players. With all ready to assemble furniture manufacturers


December 28, 2016 | 72 Pages | SKU: IRTNTR11287

Overview of the global mattress market

Market research analysts at Technavio predict that the global mattress market will grow steadily during the next four years and post a CAGR of almost 7% by 2021. This market research analysis identifies the growth of the healthcare and hospitality industries as one of the primary growth factors for this market. The growing prevalence of chronic diseases, rise in aging population, and the increase in healthcare spending are driving the growth of the healthcare industry, especially in countries in APAC and Europe. This in turn, will result in the increased demand for mattresses from hospitals and nursing homes and will induce vendors to offer premium mattresses and beds that are connected to electronic devices and can be adjusted to suit the comfort of the user. Additionally, the rising number of hotels and related establishments in countries in Western Europe will also drive the demand for mattresses, consequently aiding market growth.

This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the predicted period. The rise in urbanization that demands the need for high-end mattresses from households will be the major factor driving market growth in this region. Analysts predict that during the next few years, the demand for mattresses will mainly arise from the countries such as China, Japan, and India.

Competitive landscape and key vendors

Characterized by the presence of both major vendors and private mattress manufacturers across the world, this market is highly competitive. Vendors mainly compete on the basis of factors such as product quality, expansion of the existing product line, consumer credit programs, and level of inventory. The market shares of vendors mainly depends on the continuous improvement


September 22, 2016 | 95 Pages | SKU: IRTNTR9886

Global outlook of the recliner sofas market

Technavio’s market research analyst predicts the global recliner sofas market to grow at a CAGR of more than 6% by 2020. The number of private label brands is increasing significantly in the recliner sofas market, which has intensified the competition for the existing global and regional vendors. Private labels such as Jedd, Alessandro, Beckett, and Liam from Macy’s are challenging the retail prices of branded labels. The popularity of these labels has been growing in developed markets such as the US, Germany, France, Australia, and the UK, owing to the improvement in the quality of the products offered by these labels, which has restricted the growth of the major brands in the market. Moreover, the entry of these private labels enables consumers to procure living room furniture products at comparatively lower prices. The growing presence of these private label sofa brands is envisaged to positively influence the recliner sofas market, especially in terms of gaining consumer interest, during the forecast period.

North America will continue to lead the recliner sofas market during the forecast period and is anticipated to occupy more than 35% of the total market revenue by 2020. Factors such as increasing spending on furniture by the youth population and growth of the organized retail sector are the major drivers for the market growth in this region. Organized retailers such as department stores, hypermarkets, and club houses are the major revenue contributors to the market in North America. The growing sales of recliner sofas from the furniture and furnishings stores segment will boost revenues in the overall market during the predicted period.

Competitive landscape and key vendors

The global recliner sofas market is marked by the presence of


July 13, 2016 | 71 Pages | SKU: IRTNTR8187

Global outlook of the office furniture market

Market research analysts at Technavio have predicted that the global office furniture market will grow at a steady CAGR of around 5% by 2020. Vendors in the market are focusing to develop innovative products to create new customer bases and provide efficient and cost-effective products. They are coming up with unique furniture designs that aim to reduce clutter, enhance comfort, enable employee collaboration, and utilize space efficiently. Manufacturers are also developing high-quality ergonomic furniture that provides better comfort during long working hours. Modern and modular furniture are gaining popularity among end-users that integrate color and design with organized functionality. More offices are incorporating color into their work areas to enhance productivity and creativity. Moreover, growing concerns over environment protection has elevated the demand for green office furniture which is encouraging furniture manufacturers to use eco-friendly materials for their products. The launch of innovative design concepts to enhance work environment will be a major factor contributing to the growth of the office furniture market in the coming years.

The demand for minimalistic, multifunctional, and comfortable office furniture products is on the rise, primarily because of the high rates of commercial leases across the globe. With the office spaces getting smaller, consumers are looking for furniture that is compact and easily movable to allow for the efficient use of available space. The requirement for furniture that can perform multiple tasks, reduce clutter, and provide storage options is growing. Also, the steep rise in the number of start-ups will significantly propel the demand for multi-functional furniture during the forecast period.


March 29, 2016 | 57 Pages | SKU: IRTNTR8277

Market outlook of the home furnishings market

Technavio’s market research analyst predicts the global home furnishings market to grow at a CAGR of around 6% between 2016 and 2020. The growing significance of home décor has led to consumers seeking unique, designer home furnishings. Consumers are also opting for luxury office home furnishing products to give a sophisticated and classy look to their home workplace.

As per this market forecast, the demand for home furnishings is expected to increase rapidly in the developing countries of APAC, MEA, and Latin America. The growth of sales in hypermarkets and superstores in these regions will contribute immensely to the overall sales of home furnishings over the next four years.

Product segmentation and analysis of the home furnishings market

  • Floor coverings
  • Home furniture
  • Home textiles

In 2015, the global home furnishings market was dominated by the home furniture segment. In the same year, this segment occupied over half of the market share in terms of revenues generated from the retail sales of home furnishing products globally.

Geographical segmentation of the home furnishings market

  • Americas
  • APAC
  • Europe
  • MEA

In 2015, Europe led the global home furnishings market in terms of revenues generated from the retail sales of home furnishing. The major factor driving its growth is the presence of key vendors such as IKEA and Masco that provide consumers with a broad range of products.

Competitive landscape and key vendors

The global home furnishings market marks the


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