DUBLIN, April 6, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Home Furnishings Market 2016-2020" report to their offering.
This comprehensive report forecasts the global home furnishings market to grow at a CAGR of 5.36% during the 2016-2020 period.
Commenting on the report, an analyst from the research team said: Increase in consumer income levels, increased media penetration, and awareness of the artistry of different regions worldwide have resulted in consumers seeking furnishings and unique designer décor products that are in keeping with the latest interior design trends.
According to the report, the growing significance of home décor has led consumers to seek unique and designer home furnishings. Consumers are opting for luxury brands because of economic growth and an increase in disposable income. High-end furnishings are considered status symbols by upper-class households, who prefer buying designer furniture, floor coverings, and textiles. Consumers are also opting for premium products for their home offices.
Further, the report states that the processes involved in the back-end operations of supply chain management are very complex in the global furniture market. The varying transportation costs in different regions also hinder vendor operations. Many of the furniture manufacturers operate globally and are exposed to varying costs of fuel, taxes, duties and fees, and government policies. All these additional cost factors eat into the profits of vendors, affecting overall market revenue.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Bed Bath & Beyond
- 9to5 Seating
- ATG Stores
- Berco Furniture Solution
- Costco Wholesale
- Creative Wood
- Godrej & Boyce
- Herman Miller
- Godrej & Boyce
- J.C. Penney
- Steinhoff International
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: About the Author
For more information visit http://www.researchandmarkets.com/research/2qz22w/global_home
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets