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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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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