About DIY Furniture
DIY Furniture market is expected to mark significant growth over forecasted period owing to increasing consumers spending on creative furniture due to changing lifestyles and technological advancement. DIY Furnitures are used for creating multipurpose interiors with a spacious feel. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the customization of DIY products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global DIY Furniture market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Global Upholstery (Canada), HNI (United States), Okamura (Japan), Ashley Furniture Industries (United States), Steelcase (United States), Herman Miller (United States), Kokuyo (Japan), Williams-Sonoma (United States), Godrej & Boyce (India) and IKEA(The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Creative Wood (United States), Kinnarps (Sweden), Wipro Furniture (India) and AFC Systems (India).
Segmentation Overview
AMA Research has segmented the market of Global DIY Furniture market by Type (Metal, Wood, Plastic, Glass and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of DIY Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. E-commerce will boost the DIY Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising adoption of DIY activities in the developing region
Market Growth Drivers:
Increase Demand Due to Home Improvement Boost the DIY Furniture Market. and Rapid Demand due to Globalization and Urbanization.
Challenges:
Limitation Due to Government Rules and Regulations Anticipated to Challenge the Market.
Restraints:
Lack of Awareness Among the Customers Hampers the DIY Furniture Market. and High Maintenance Cost Associated with DIY Furniture.
Opportunities:
Proliferation of E-Commerce Spaces With Attractive Websites and Product Offers Leads to Grow the DIY Furniture Market. and Upsurge Demand of Innovative DIY Furniture Due to Technology Advancements.
In April 2018, Ikea entered into the Indian market which is beneficial in provides quicken shift to organized furniture retail. It is also offers standardization in terms of quality, raw materials, product dimensions, supply chain and inventory stocking—to an extremely fragmented furniture market.
Key Target Audience
DIY Furniture Manufacturers, DIY Furniture Traders, End-Use Market Participants of Different Segments of DIY Furniture, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.