Global Restaurant Furniture Market 2017-2021

Overview of the global restaurant furniture market

Technavio's market research analysis identifies the increase in QSRs, hotels, pubs, and cafes as one of the primary growth factors for the restaurant furniture market. Influenced by the rising dual-household income, increasing number of working women, hectic work schedules, increasing urbanization, and improved living standards of the population there is a rising demand for quick-service restaurants (QSRs), hotels, pubs, and cafes. The food vendors are increasingly decorating their restaurants with innovative themes and this increases the demand for differentiated infrastructure. UAE is home to several luxurious restaurants and hotels. According to our market research analysts, this market will grow steadily at a CAGR of around 5% by 2021.

Consumers are increasingly preferring eco-friendly and green furniture due to the increasing environmental concerns and awareness about the availability of ecofriendly materials. Vendors are also gaining awareness on the effect of deforestation on ecosystems and the consequences of climate change. Consumers are increasingly preferring eco-friendly restaurant furniture such as those made of Moso bamboo that  is harder and more durable than other materials. Usage of such products provides an aesthetic look for their products. The increasing mainstream preference for eco-friendly furniture is encouraging the vendors to offer a wide range of aesthetically designed and quality furniture made from eco-friendly materials. This increase in the usage of eco-friendly furniture is identified as one of the key trends that will gain traction in the restaurant furniture market during the next four years.

Competitive landscape and key vendors

The restaurant furniture market is highly competitive due to the presence of several international and regional players who compete on the basis of product innovations and product portfolio. The major vendors engage in M&As and strategic acquisitions to increase their market shares and penetrate the untapped markets. IKEA is the most sustainable furniture vendor and the company has expanded its business by integrating manufacturing, developing a wide range of products, offering value for time to customers through strategic location of stores, simplifying the online shopping experience, and improving existing stores and opening new ones.

The leading vendors in the market are -

• Forever Patio
• Herman Miller
• Homecrest Outdoor Living
• Inter IKEA Systems

The other prominent vendors in the market are American Signature, Ashley Furniture Industries, Haverty Furniture, Kimball International, MUEBLES PICÓ, Nella Vetrina, Otto (Crate & Barrel), Scavolini, and Steinhoff International.

Segmentation by product type and analysis of the restaurant furniture market

• Dining sets
• Seating furniture

Restaurateurs purchase dining sets comprising of matching tables and chairs to make the restaurant infrastructure and ambiance more pleasant and attractive to the customers. The vendors are increasingly introducing trendy, innovative, customized, and theme-based dining sets made from eco-friendly and sustainable materials.

Segmentation by end user and analysis of the restaurant furniture market

• Full service restaurants and quick service restaurants (FSRs and QSRs)
• Food courts, cafeterias, and canteens in work places and institutions

The FSR and QSR segment of the restaurant furniture market comprises of hotels, restaurants, cafes, bars, resorts, and lodgings, and the marine industries. The growing popularity of QSRs, hotels, pubs, and cafes is influenced by various factors such as the rising dual-household income, the increasing number of working women, hectic work schedules, the rise in urbanization, and the improving living standards. This will in turn, demand the need for furniture from this end user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global restaurant furniture market?
• What are the key market trends impacting the growth of the global restaurant furniture market?
• What are the challenges to market growth?
• Who are the key vendors in the global restaurant furniture market?
• What are the market opportunities and threats faced by the vendors in the global restaurant furniture market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global restaurant furniture market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global outdoor restaurant furniture market by Technavio is an integral part of the consumer and retail portfolio and offers insights into the major trends and evolving drivers inducing the growth of the general retail goods and services industry. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various general retail goods and services products and services and offers an all-inclusive picture of the global outdoor restaurant furniture market for the estimated period of 2017-2021.

Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape.

The upcoming industry report on the global outdoor restaurant furniture market also offers insights into fast-growing segments within the consumer and retail industry, including sectors like retail systems and apparel and textile. Furthermore, this report also presents insights into the competitive landscape to give clients a holistic overview of the future direction of the industry.

Our market research methodology for the outdoor restaurant furniture market

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