Contract Furniture and Furnishing Market Position of key Vendors By Their Size & Share in Consumer Durables & Apparel,Household Durables,Home Furnishings sector
Industry Research Report On-Contract Furniture and Furnishing Market in Europe 2019-2023, will use to
- Providing a comparative analysis of the Contract Furniture and Furnishing Market leaders on the basis of Product offerings, Business strategies, SWOT (strengths, weaknesses, opportunities, threats), Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across key regions
- Analyzing the market dynamics and competitive situations and trends across regions and their impact on prominent market players
- Identifying and profiling key players in Consumer Durables and Apparel,Household Durables,Home Furnishings Sector of Contract Furniture and Furnishing Market.
- Industry researcher project The Contract Furniture and Furnishing market was valued at USD 5.86 Billion and CAGR of 5.03% during the period 2019-2023.
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“The latest trend gaining momentum in the market is the increased introduction of smart furniture.”
According to the report, one of the major drivers for this market is the growing demand for modern furniture in educational institutions.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating labor cost and raw material prices.
Contract Furniture and Furnishing Market in Europe: About this market
Contract furniture is purchased under a written agreement, involving furniture manufacturers and end-users. Researchers contract furniture and furnishing market analysis considers sales from hospitality and food services, offices and home offices, retail stores, institutions and others. Our analysis also considers the sales of contract furniture and furnishing in Germany, France, the UK, and rest of Europe. In 2018, the hospitality and food services segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growth of different sectors under the hospitality and food services industries will play a significant role in the hospitality and food services segment to maintain its market position. Also, our global contract furniture and furnishing market report also looks at factors such as declining preference for buying new furniture, growing number of office spaces, growing demand for modern furniture in educational institutions. However, fluctuating labor cost and raw material prices and high transportation cost and freight loss, may hamper the growth of the contract furniture and furnishing industry over the forecast period.
Contract Furniture and Furnishing MarketTrend, Challengeand Driver: –
Contract Furniture and Furnishing Market in Europe: Overview
- Growing demand for modern furniture in educational institutions
- Educational institutions such as schools, colleges, and universities are some of the major end-user of furniture and furnishing products. Educational institutions have limited financial budgets, which makes it a tough task for them to evolve frequently with modern furniture and furnishing products. Therefore, they prefer contract furniture and furnishing solutions over buying brand new furniture. In addition, the growing economy and increased focus on aesthetics have fueled the demand for modern furniture in schools across Europe. This demand for modern furniture is expected to grow rapidly due to the growing number of international schools with aesthetically-appealing learning centers. This will lead to the expansion of the global contract furniture and furnishing market at a CAGR of almost 6% during the forecast period.
- Increased introduction of smart furniture
- The concept of monitoring and controlling the furniture and furnishing products with smart devices is gaining popularity among end-users. Smart furniture offers the convenience of remote location operability through wireless technology operated by the use of the appropriate application on their smart devices. This development is expected to have a positive impact on the overall market growth.
- For the detailed list of factors that will drive the contract furniture and furnishing market in Europe during the forecast period 2019-2023, click here.
- With the presence of several major players, the global contract furniture and furnishing market in Europe market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading contract furniture and furnishing manufacturers, that include Haworth Inc., Herman Miller Inc., Kinnarps AB, Knoll Inc., and Steelcase Inc.
- Also, the contract furniture and furnishing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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The research 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.
Key vendors operating in Contract Furniture and Furnishing market space are-
- Haworth Inc., Herman Miller Inc., Kinnarps AB, Knoll Inc., and Steelcase Inc.
Geographically, the report splits global into the Americas, APAC, EMEA regions. The global and regional Contract Furniture and Furnishing market dynamics are carefully studied and explained which helps to understand evolving market trends, drivers, opportunities, and challenges for the global Contract Furniture and Furnishing market.
Global Contract Furniture and Furnishing Market2019 Answers the following Key Questions.
- What will be the Contract Furniture and Furnishing market size and expansion rate in 2023?
- Who are the key producers of Contract Furniture and Furnishing and Where they lie on a global scale?
- What are the Contract Furniture and Furnishing market kinetics and industry perspectives?
- Who will be the target audience of Contract Furniture and Furnishing industry?
- What are the opportunities, challenges, and threats influencing the growth of Contract Furniture and Furnishing market?
- What are the main driving attributes, Contract Furniture and Furnishing market trends, short-term, and long-term policies?
- What are the opinions from professionals and their outlook on Contract Furniture and Furnishing market and future insights?
This report provides newbusiness dimensionswith an eye ongrowth opportunitiesand contribution of upcomingmarket segments.
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Table of Contents included in Contract Furniture and Furnishing Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Base year
- Forecast period
- Market coverage
- Market size calculation
- Geographical segmentation
- Vendor segmentation
PART 03: Research Methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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Name: Mr. Ajay More
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Organization: 360 Market Updates
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