About Logistics Furniture
In the current market situation, the furniture industry is experiencing exceptional disruptions to its global supply chain, causing delays in furniture deliveries. The furniture supply chain is currently in flux because of the emergence of e-commerce. As e-commerce has trained consumers to expect fast delivery. Instead of 10-21 days of delivery time consumer expects next or two-day delivery. As the majority of furniture manufacturers place in Asia, many retailers are asking their manufacturers to increase their inventory at their respective warehouses. According to the leading furniture manufacturers, they revealed that they faced 9% in reduced damages by working closely with logistics organizations. Poor packaging is one major parameter that increases the risk for potential damage during handling. As furniture manufacturers are trying to keep costs of packaging minimum, but more often they fail to build in losses during transit.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are discovering in this market are exploring their footprint in new geographic regions by adopting various mergers & acquisitions, expansions, investments, new product launches, and collaborations as their strategies. The market players are exploring new areas by developing business models through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Logistics Furniture market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DB Schenker (Germany), Kuehne + Nagel (Switzerland), C.H. Robinson (United States), UPS (United States), Agility (Kuwait), Allcargo Logistics (India), CEVA Logistics (Switzerland), Damco Solutions Inc. (United States), Expeditors International (United States) and Gati (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hub Group (United States), Imperial Logistics (South Africa), J.B. Hunt (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Logistics Furniture market by Type (Warehousing and Freight), Application (Furniture Makers, Furniture Distributors and Furniture Retailers) and Region.
On the basis of geography, the market of Logistics 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 Transportation Mode, the sub-segment i.e. Roadway will boost the Logistics Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Origin & Destination Services will boost the Logistics Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Development in Technology Industry
Market Growth Drivers:
In Europe, Logistics companies are facing issues at the United Kingdom Ports before Brexit. the majority of trucks continued to flow easily through United Kingdom ports post Brexit because the industry had been well prepared with all the right paperwork in place before the start of each delivery.
Challenges:
Halt in Furniture Manufacturing
Restraints:
Slowdown in Economy
Opportunities:
Development in Furniture Industry
Market Leaders and their expansionary development strategies
In June 2023, Logistics Plus, Inc., a leading worldwide provider of transportation, logistics, and supply chain solutions, announced it has acquired Jan Krediet, a well-known name in logistics worldwide with offices and warehouses in the Netherlands.
In July 2022, Pepperfry, a leading e-commerce furniture and home goods company, announced the launch of a "world-first" 24-hour furniture delivery service in Mumbai, Delhi-NCR and Bangalore.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Furniture Logistics Service Providers, Government Regulatory and Research Organizations and End-Use Industries
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.