Global Playroom Furniture Market Overview:
Playroom furniture is meant to fit into a clear pattern that should keep the child entertained. In today's modern world, parents are adopting smart children's furniture to provide children with an enjoyable and educational environment. Increasing preferences for multi-functional playroom furniture and rising awareness of sustainability among consumers are driving the market. Rising demand for the product as it helps in improving the intellectual, physical and emotional health of the kids augment the growth of the playroom furniture market in the projected timeframe.
Growth Drivers
- Increasing Demand for Multifunctional Playroom Furniture
- Rising Awareness regarding Playroom for Kids coupled with its Advantages over the Growth of the Child
Roadblocks
- Fluctuated Price of the Raw Materials
Opportunities
- Technological Advancement and Research Activities from Manufacturers to Develop High-tech Materials for Furniture Manufacturing
- Emerging Demand from the Developing Countries
Challenges
- Availability of Counterfeit Products
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are IKEA (Netherlands), Poundex (United States), Prepac (Canada), Pulaski (United States), Room Magic (United Kingdom), Sandberg Furniture (United States), South Shore (United States), Step2 (United States) and FurnitureMaxx (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Playroom Furniture market by 2026. Considering Market by Material , the sub-segment i.e. Wood will boost the Playroom Furniture market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Playroom Furniture market.
In Jan 2021, Fredricks Design Inc. launches furniture company for K-6 students, the new company is now offering direct-ship, ready-to-assemble study-at-home furniture solutions for kindergarten through sixth-grade students.
What Can be Explored with the Playroom Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Playroom Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Playroom Furniture
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Playroom Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Playroom Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Playroom Furniture Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.