Global Household Furniture And Kitchen Cabinet Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Household Furniture And Kitchen Cabinet Market Report by The Business Research Company covers household furniture and kitchen cabinet market drivers and restraints, household furniture and kitchen cabinet market size, major players, and the impact of COVID-19 on the household furniture and kitchen cabinet market.
The household furniture and kitchen cabinet market consists of sales of household furniture and kitchen cabinets by entities (organizations, sole traders and partnerships) that produce household furniture including furniture for kitchens, bedrooms and living rooms. This market includes built-in kitchen cabinets. The household furniture and kitchen cabinet is segmented into household furniture and kitchen cabinet.
Increasing demand for online shopping is expected to help the household furniture and kitchen cabinets market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically, driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of household furniture and kitchen cabinet manufacturers by giving larger exposure to producers who were confined to one geography.
The global household furniture and kitchen cabinet market is expected to grow from $282.6 billion in 2020 to $343. billion in 2021 at a compound annual growth rate (CAGR) of 21.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $426.7 billion in 2025 at a CAGR of 6%.
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Some household furniture and kitchen cabinet market trends include RTA furniture. RTA furniture is gaining traction among homeowners and renters globally. This is primarily because RTA furniture is cheap and serves the purpose of quick furnishings. RTA furniture, also known as Knock Down furniture, is not assembled by the manufacturer, and is available in parts with instructions to assemble the piece of furniture. Already popular in developed countries, RTA furniture has been gaining traction in developing economies such as China and India. RTA furniture also benefits manufacturers by eliminating the assembly time and cost of manufacturing, which allows manufacturers to focus only on design and production of parts. Some of the examples of RTA furniture include RTA bedroom sets, RTA dressers, RTA computer desks, RTA bookcases and RTA filing cabinets. For instance, IKEA, a major ready to assemble manufacturer, has opened stores in India owing to high demand for ready to assemble furniture.
Global household furniture and kitchen cabinet market segments include:
1) By Type: Household Furniture, Kitchen Cabinet.
2) By Type of Material: Metal, Wood, Others.
3) By Distribution Channel: Online, Offline
Subsegments Covered: Wooden Household Furniture, Metal Household Furniture, Plastic Household Furniture, Other Household Furniture.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global household furniture and kitchen cabinet market share.
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The Household Furniture And Kitchen Cabinet Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides household furniture and kitchen cabinet market overviews, analyzes and forecasts market size, share, household furniture and kitchen cabinet market players, household furniture and kitchen cabinet market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The household furniture and kitchen cabinet market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Household Furniture And Kitchen Cabinet Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: IKEA AB, Ashley Furniture Industries Inc, Leggett & Platt Incorporated, La-Z-Boy Incorporated, Man Wah Holdings Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Household Furniture And Kitchen Cabinet Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Household Furniture And Kitchen Cabinet Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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