The Key Players in Global Furniture Market 2016-2020

Thursday 31 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Furniture Market: Ashley Furniture, IKEA, Steelcase, and Williams-Sonoma.

Other Prominent Vendors in the market are: 9to5 Seating, Amazon, ATG Stores, AFC Systems, Bed Bath & Beyond, Berco Furniture Solutions, Clarin, Carrefour, Costco Wholesale, Creative Wood, Global Upholstery, Godrej & Boyce, HNI, Herman Miller, J.C. Penney, KI, Kimball International, Kinnarps, Knoll, Kokuyo, Okamura, Otto, Sears Holdings, Steinhoff International, Target, Tesco, Walmart, and Wayfair.

Commenting on the report, an analyst said: “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 d?cor 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.