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Furniture Market 2020

MarketResearchFuture Presents u201cFurniture Market Share Research Report u2013Global Forecast to 2027u201d New Document to its Studies Database

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Furniture Market 2020

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  1. Global Furniture Market Share Analysis Research Report - Forecast till 2027 Global Furniture Market Share Report and Forecast to 2027 P a g e | 1 1 Copyright © 2017 Market Research Future.

  2. Global Furniture Market Share Analysis Research Report - Forecast till 2027 1 Market Highlights: The global Furniture Market Share is estimated to be valued at USD 654.60 billion by 2025 and expected to grow at a CAGR of 2.64% during the forecast period. The wood segment of the furniture accounted for the largest market share in the material type segment. However, melamine segment has been projected to grow at the highest CAGR on account of increasing demand in Asia-Pacific and its low cost. Among the furniture type, sofas accounted for the largest market share of 23.3% in 2018, closely followed by beds in the second place. However, the cabinets segment is expected to grow with the highest growth rate of 3.00% during the forecast period. However, the only bottleneck in a growth trajectory of the global Furniture Market Share is the high prevalence of the unorganized sector in the furniture industry. 2 Competitive Analysis: Some of the key players in the global market are Sigma-Aldrich, Inc. (US), Ernesto Ventos SA (Spain), Alteya Organics, LLC (US), Givaudan SA (Switzerland), Firmenich International SA (Switzerland), Symrise AG (Germany), V. MANE FILS SA (France), Robertet SA (France), International Flavors & Fragrances Inc. (US), and BERJÉ INC. (Switzerland). P a g e | 2 2 Copyright © 2017 Market Research Future.

  3. Global Furniture Market Share Analysis Research Report - Forecast till 2027 3 3 Segmental Analysis Segmental Analysis Global Furniture Market Share has been segmented on the basis of type, material type, furniture type, end-use, and region. On the basis of type, the market has been divided into RTA and non-RTA. Ready- to-assemble furniture (RTA), also referred to as knock-down furniture (KD), flat pack furniture, or kit furniture, is a form of furniture that requires customer assembly. The popularity of RTA furniture is rising since it has become consumer-friendly owing to improved materials, hardware, and design innovation. Non-RTA furniture is fully assembled furniture that does not require the need for assembling and are sold by suppliers after completing the required fitting and assembling. The non- RTA furniture is finished with the highest quality and high appeal since it comes assembled from the supplier. The non-RTA accounts for a higher market share compared to the RTA furniture type. However, non-RTA is expected to propel with the highest growth rate of 3.83% during the forecast period. 4 Regional Analysis Regional Analysis Geographically, the global Furniture Market Share is segmented into Asia-Pacific, Europe, North America, and Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounted for the largest share of the market in 2018, and expected to grow with the highest CAGR of 2.78%. The Furniture Market Share in North America is expected to have the second position after Asia- Pacific in terms of market share which was 31.38% in 2018. Europe is estimated to reach USD 158.3 billion by the end of 2025. Asia-Pacific is expected to reach USD 223.22 billion by 2025. P a g e | 3 3 Copyright © 2017 Market Research Future.

  4. Global Furniture Market Share Analysis Research Report - Forecast till 2027 P a g e | 4 4 Copyright © 2017 Market Research Future.

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