Global Furniture Market 2016-2020 - Increase in Number of Office Spaces & Declining Vacancy Rate - Research and Markets

Jul 04, 2016, 11:10 ET from Research and Markets

DUBLIN, July 4, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Furniture Market 2016-2020" report to their offering.

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The report forecasts the global furniture market to grow at a CAGR of 4.18% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The growing penetration of the Internet and smartphones has led to a boom in online retailing. Furniture manufacturers and retailers have begun selling furniture, floor coverings, and other home décor products online. They are entering the e-commerce market with user-friendly websites and attractive product offers.

According to the report, the number of office spaces in Europe has been rising considerably. Office vacancy rates will fall back to 2009 levels in the near future. European cities recovering from recessive conditions will dominate the improving employment scenario, with rising corporate confidence and expansions. This positive economic outlook also projects positive trends in the furniture market in the region.

Further, the report states that wood is the most commonly used raw material in this industry, with 40%-50% of furniture being made of timber. The furniture industry is seeing a shortage in the supply of timber with the growing population demanding more products. This will lead to higher raw material acquisition costs for vendors.

Key vendors: 

  • Ashley Furniture
  • IKEA
  • Steelcase
  • Williams-Sonoma

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Manufacturing process

PART 07: Diamond model of furniture industry

PART 08: Market segmentation by product

PART 09: Geographical segmentation

PART 10: Key leading countries

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/nw9lw2/global_furniture


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SOURCE Research and Markets