Furniture Manufacturing Market in Turkey 2016-2020

Overview of the furniture manufacturing market in Turkey

According to the market research analysts at Technavio, the furniture manufacturing market in Turkey will witness tremendous growth and post a staggering CAGR of more than 9% during the forecast period. The major distinguishing factor in the furniture manufacturing industry is the cost of the product, which is directly dependent on labor costs. This works in favor of the Turkish manufacturers due the abundance of cheap labor in the country compared to the other European countries that are faced with issues like strong labor rights, shorter working hours, high wages, and social security costs. Such benefits allow Turkey to produce high-quality furniture that conforms to European standards at low prices.

The augmented use of medium-density fiberboard (MDF) in furniture is one of the emerging trends spurring this market’s growth prospects during the forecast period. MDF is an engineered product made by breaking down hardwood or softwood residuals into wood fibers, combining it with wax and a resin binder, and forming panels by compressing this mixture under high temperature and conditions. MDF is denser than plywood and because of its high tensile strength and flexibility, MDF panels and MDF-based products have become the materials of choice in the furniture industry in Turkey. Also, Turkey is one of the largest manufacturers of MDF in Europe, which will also contribute to the growth of this market during the predicted period.

Segmentation by product type and analysis of the furniture manufacturing market in Turkey

• Office and shop furniture
• Kitchen furniture
• Mattresses

In terms of revenue, the office and shop furniture segment dominated the furniture manufacturing market in Turkey and accounted for close to 39% of the total market shares during 2015. Office furniture includes a broad range of products such as tables, chairs, desks, storage cabinets, and workstations. An evolving corporate culture in Turkey is anticipated to have a positive impact on the demand for office furniture.

Competitive landscape and key vendors

The furniture manufacturing market in Turkey is highly fragmented owing to the presence of several small, mid-sized, and large manufacturers. Favorable demographics and positive economic development in Turkey, coupled with a large population are resulting in high domestic as well as global demand for the furniture manufactured in the country. Furniture manufacturers in Turkey are adopting state-of-the-art technologies to enhance productivity, while focusing on establishing uniqueness in their products.

Key vendors in this market are -

• ABC Mobilya
• Alfemo
• Alpino
• Armonna Furniture
• Arno
• Atagur
• Avonsofa
• Badella
• Bambi Mobilya
• Boldera
• Cardin
• Dogtas
• Ergul Furniture
• ERSA
• Flexssit
• Furkey Global
• Gurkan
• IDAS
• Mobs Furniture
• NDESIGN
• Tuna Ofis
• Yagmur

Key questions answered in the report include

• What will the furniture manufacturing market in Turkey size and growth rate be in 2020?
• What are the key factors driving the furniture manufacturing market in Turkey?
• What are the key market trends impacting the growth of the furniture manufacturing market in Turkey?
• What are the challenges to market growth?
• Who are the key vendors in the furniture manufacturing market in Turkey?
• What are the market opportunities and threats faced by the vendors in the furniture manufacturing market in Turkey?
• What are the trending factors influencing the market shares of Turkey?
• What are the key outcomes of the five forces analysis of the furniture manufacturing market in Turkey?

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

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