About Plastic Furniture
The home care and decoration industry has seen inconsistent growth since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, the overall performance of discretionary products has declined. Sales in the plastics and other furniture segment totaled USD 3,689 million in 2020. The market is expected to grow by 3.0% annually (CAGR 2020-2025). In a global comparison, the largest turnover is achieved in the USA. Plastic furniture saw healthy growth in the commercial sector. However, with the increasing growth of the construction industry worldwide, especially in developing countries, it is expected that the demand for plastic furniture in the living area will increase significantly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plastic 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.
Ashley HomeStore (United States), Rooms to Go (United States), Foliot Furniture (United States), Mattress Firm (United States), Williams-Sonoma, Inc. (United States), Hmart Limited (United States), Berkshire Hathaway (United States), La-Z-Boy (United States), American Signature (United States), Sleep Number (United States), Gelaimei Hotel Furniture (China), Fulilai Hotel Furniture Co., Ltd (China), Northland Furniture (United States) and Sleepy's (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Buhler Furniture (Canada), Mingjia Furniture (China), JL Furnishings LLC (United States) and Telos Furniture LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Plastic Furniture market by Type (Dining Tables, Chairs, Stools, Coffee Tables and Other), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Plastic 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. Online will boost the Plastic Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Furniture Type, the sub-segment i.e. Foldable will boost the Plastic Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expanding Trend to Go Green Will Substantially Increase Demand for Ecological Plastic Furniture and The Growing Trend of Nuclear Families
Market Growth Drivers:
Growing Real Estate and Hospitality Sector through Various Residential and Commercial Projects, Demand for Versatile, Lightweight, Flexible, and Multi-Functional Furniture Offering Easy Portability and Application and Growing Environmental Concerns across the World over Deforestation
Challenges:
Plastic Furniture Can Limit Consumer’s Preference Regarding Design and Aesthetic
Restraints:
Plastic Is A Non-Biodegradable Product That Has Harmful Effects on the Environment and The Strength of Plastic Furniture
Opportunities:
Inclined Towards Developing Eco-Friendly Furniture Due To Increasing Awareness among Consumers Regarding Eco-Friendly Products and Lack of Characteristics and Elegance like Wood and Metal
Market Leaders and their expansionary development strategies
In November 2023, Polywood, a maker of recycled plastic outdoor furniture, is exploring options including a sale that could value the private equity-backed company at around USD 1 billion, people familiar with the matter said.
In January 2023, Italian outdoor furniture brand Nardi has released a stool and table collection created by designer Raffaello Galiotto, which have a linear design informed by strips of wood.
Key Target Audience
Manufacturers of Plastic Furniture, Distributors and Suppliers of Plastic Furniture, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies 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.