Faux finished furnishings are the latest trend in the household
furniture market. Faux furniture refers to the decorative paint finishes that
replicate the appearance of materials such as wood, marble or stone. These are
low-priced, can be used very easily at home and provide with quick home
improvements. The top companies in this market are Kartell, Herman Miller,
Fritz Hansen, Knoll and Carl Hansen & Son.
THE BUSINESS RESEARCH COMPANY
VALUED THE HOUSEHOLD FURNITURE GLOBAL MARKET AT $210 BIILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting
for two-fifth of the household furniture market. China was the largest
country accounting for one-fourth of the global household furniture market.
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The chart below shows the year-on-year growth of the global household
furniture market during 2017– 2021
According to The Business
Research Company’s Consultant, Nitin Gianchandani, companies in the furniture
manufacturing market are increasingly witnessing a significant growth in online
sales. Online furniture selling platforms are forecasted to be the fastest
growing market in the industry, growing at a CAGR of almost 16%. Such online
stores are either third party resellers or furniture manufactures. Services
offered by these online platforms include free home delivery, assisted assembly
and installation, easy return policies, and online customization. For example,
CustomeFurnish.com offers customization options to its users, allowing them to
select the material, color, and design of the upholstery and frame of the
product.
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Ashley Furniture Industries
was the biggest player in the household furniture market, with revenues
more than $4 billion in 2016. Ashley’s strategy is to increase its presence in
the Middle East and Central America. It also plans to increase the number of
its stores in Asia from 35 to 1,000 over the next 10 years.
Household furniture manufacturing comprises firms engaged in
producing household furniture made of materials such as plastics, reed, rattan,
wicker, and fiberglass. These products may be assembled or unassembled and
manufactured on a custom or stock basis.
Household Furniture Global
Market Report 2018 is a detailed report giving a unique insight into this market. The
report is priced at $4000 for an individual user. To use across your office,
the price is $6000 and $8000 if you wish to use across a multinational company.
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