Global Occasional Furniture Market Overview:
Occasional furniture is a kind of furniture that can serve a variety of functions or meet quite a number needs, however commonly is solely used when cause or want is relevant. This class of furniture consists of portions such as tables, nightstands, chests, commodes, and chairs. Typically, occasional furnishings is small furniture that is convenient to pass or rearrange. Still, this furnishings is handy in a range of styles, sizes, and materials. People purchasing for these types of portions can discover them in branch shops and common furniture stores, as nicely as in the catalogs and on the web sites of agencies that promote all sorts of furniture. Typically, occasional furniture is actively used solely on occasion however the portions are everlasting furniture in their respective rooms.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Occasional Furniture Market Dynamics:
Attributes | Details |
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Growth Drivers | - Change in Consumer Buying Behavior Due To Transformation in Living Styles across the Globe
- Increasing Replacement of Aging Infrastructure
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Restraints | - High Cost Associated with Furniture
- Wood Is Vulnerable To Water
- Ultraviolet Light Can Change Wood's Color And Damage Its Surface
- Finishes Can Be Scratched or Damaged By Sharp Objects
|
Road Blocks / Challenges | - Skilled Labour Shortages
- Increasing Costs
- Fluctuating Customer Demand
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Gaps & Opportunities | - Multifunctional Furniture
- Green and Sustainable Furniture
- Biophilic Design
|
Competitive Landscape:
The companies are discovering in this market are exploring their footprint in new geographic areas by means of adopting a range of mergers & acquisitions, expansions, investments, new product launches, and collaborations as their strategies. The market gamers are exploring new areas by way of growing enterprise fashions thru expansions and acquisitions throughout the globe to avail a aggressive gain via blended synergies.
Some of the key players profiled in the report are Ashley Furniture Industries, Inc. (United States), HNI (United States), Steelcase (United States), Williams-Sonoma, Inc. (United States), Rooms To Go (United States), Herman Miller (United States), TJX (United States), Okamura (Japan), 9 to 5 Seating (United States) and Durham Furniture Inc. (Canada). Additionally, following companies can also be profiled that are part of our coverage like Masco Corporation (United States), Stickley Furniture Inc (United States), Haworth Inc. (United States) and Kimball International Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Occasional Furniture market by 2027. Considering Market by Shape, the sub-segment i.e. Rectangular will boost the Occasional Furniture market. Considering Market by Distribution Channel, the sub-segment i.e. Specialty stores will boost the Occasional Furniture market. Considering Market by Material, the sub-segment i.e. Metal will boost the Occasional Furniture market.
Latest Market Insights:
In 2022, Herman Miller in collaboration with plan crew Studio 7.5, the Zeph Chair facets a sculpted mono-shell seat that used to be knowledgeable by way of the mid-century Eames Shell Chair. The workplace chair is accessible in a preference of eight daring colorings and can be customised in upholstery, both with a seat pad or a material piece that covers the whole the front of the shell. The Zeph Chair was once featured on Dezeen Showroom this week, alongside a kitchen island with a cantilevering bamboo desk and a sculptural freestanding bathtub.
According to the Government of United Kingdom, “The Furniture and Furnishings (Fire Safety) Regulations 1988 (amended 1989, 1993 and 2010) are UK law and are designed to ensure that upholstery components and composites used for furniture supplied in the UK meet specified ignition resistance levels and are suitable labeled”.
What Can be Explored with the Occasional Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Occasional Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Occasional 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 Occasional 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 Occasional 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 Occasional Furniture Manufacturers, Occasional Furniture Distributors and Suppliers, Raw Materials Suppliers and Others.
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.