Furniture is a term
that refers to any kind of movable object that is built to support most human
activities such as sleeping, eating, and seating. It can also be used for
decorative or symbolic purposes. Furniture is made from materials such as wood,
plastic, glass, and metal. The Global Furniture market is a low-tech industry,
and it has been growing since the days of non-nomadic cultures. Furniture is
meant for specific functionality.
Analysts forecast
the Global Furniture market on the basis of revenue to grow at a CAGR of
3.38 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Global Furniture Market:
Ashley Furniture Industries Ltd., Inter IKEA Group, Sears Holdings Corp. and
Steelcase Inc.
Other Prominent
Vendors in the market are: Furniture Brands International, Haworth, Herman
Miller, HNI, Kimball International, Klaussner Furniture Industries, Knoll,
KOKUYO Furniture, La-Z-Boy, Masco and Poltrona Frau.
One key trend in
this market is the increasing demand for luxury furniture. With the increase in
the high-net-worth individual population, vendors are offering premium or
luxury furniture with unique designs and styles to consumers.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Furniture market
for the period 2014-2018. To calculate the market size, the report considers
the total sales of furniture.
Global Furniture
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. It covers the Global Furniture market landscape and
its growth prospects in the coming years. The report also includes a discussion
of the key vendors operating in this market.
According to the
report, one of the main drivers of the market is the increased influence of
globalization on the market, which has led to easy and wider availability of
different furniture styles for consumers. Reduced trade barriers have led to
the entry of many players into various markets globally.
Further, the report
states that one key challenge that the market faces is the highly fragmented
nature of the market, which has led to cluttered product offerings and price
wars. This is negatively affecting the vendors in the market, especially the
small vendors.
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