DUBLIN--(BUSINESS WIRE)--The Global Living Room Furniture Markets, 2023 to 2031 report has been added to ResearchAndMarkets.com's offering.
The global living room furniture market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.5% by the year 2031. The market is witnessing rapid growth and is expected to continue its significant expansion over the next seven years. Factors contributing to this growth include the rising purchasing power of households, lifestyle changes, and the increasing trend of purchasing living room furniture through online channels.
Currently, the North America region holds a major share in the revenue of the living room furniture market and is expected to dominate during the forecast period. The region's growth is driven by escalating real estate development, increasing residential construction, and growing personal disposable income in developing countries. In Asia-Pacific, the living room furniture market is also expected to expand due to these factors. However, challenges such as shortages of skilled labor in China and India, inadequate transport facilities, and insufficient infrastructure may hinder market growth.
The global living room furniture market is primarily concentrated in North America. Key players in the market, such as Ashley Furniture, IKEA, Williams-Sonoma, Steelcase, Knoll Inc., Masco Corp., Sears Holdings Corp., KOKUYO Furniture Co. Ltd., Herman Miller Inc., and others, are implementing various market strategies to strengthen their market position and distribution network.
The report covers the analysis of each segment from 2021 to 2031, with 2022 as the base year. It provides quantitative market estimations for each micro market in different geographical regions, along with qualitative market analysis, including micro and macro environment analysis, market trends, competitive intelligence, segment analysis, Porter's five force model, top winning strategies, top investment markets, emerging trends, technological analysis, case studies, strategic conclusions, and recommendations, as well as other key market insights.
Market Segmentation
Material
- Plastic
- Metal
- Glass
- Leather
- Wood
Price Range
- Premium
- Mid
- Low
Sales Channel
- Online Store
- Offline Store
The report addresses key questions related to the living room furniture market, including micro and macro environmental factors impacting growth, investment opportunities, market projections up to 2031, fastest CAGR segments, market share analysis, and trends in emerging markets like Asia Pacific, Latin America, and the Middle East & Africa. Additionally, it analyzes key competitors and their strategies to enhance market presence worldwide.
Key Topics Covered
1. Preface
2. Executive Summary
3. Living Room Furniture Market: Competitive Analysis
4. Living Room Furniture Market: Macro Analysis & Market Dynamics
5. Living Room Furniture Market: By Material, 2021-2031, USD (Million)
6. Living Room Furniture Market: By Price Range, 2021-2031, USD (Million)
7. Living Room Furniture Market: By Sales Channel, 2021-2031, USD (Million)
8. North America Living Room Furniture Market, 2021-2031, USD (Million)
9. UK and European Union Living Room Furniture Market, 2021-2031, USD (Million)
10. Asia-Pacific Living Room Furniture Market, 2021-2031, USD (Million)
11. Latin America Living Room Furniture Market, 2021-2031, USD (Million)
12. Middle East and Africa Living Room Furniture Market, 2021-2031, USD (Million)
13. Company Profiles
- Ashley Furniture
- IKEA
- Williams-Sonoma
- Steelcase
- Knoll Inc.
- Masco Corp.
- Sears Holdings Corp.
- KOKUYO Furniture Co. Ltd.
- Herman Miller Inc.
For more information about this report visit https://www.researchandmarkets.com/r/tgd2ks
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