What is Hotel Guest Room Furniture?
Hotel Guest Room Furniture includes large objects such as tables, chairs, or beds that are used in a room for sitting or lying on, as well as putting things on or in. Hotel Guest Room Furniture, also known as a bedroom set or bedroom suite, is a collection of furniture in a bedroom or sleeping quarters. Beds, wardrobes, dressers, chests, nightstands, armoires, vanities, trunks, and mirrors are common examples of bedroom furniture.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ashley Furniture (United States), Rooms To Go (United States), Foliot Furniture (Canada), Mattress Firm (United States), Williams-Sonoma (United States), Northland Furniture Company (United States), Hmart Limited (United States), Berkshire Hathaway (United States), La-Z-Boy (United States) and American Signature (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Wooden Furniture, Leather & Fabric Furniture, Metal Furniture and Other) , by application (Economy Hotel, Extended-Stay Hotel, Full-Service Hotel, Luxury Hotel and Other) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hotel Guest Room Furniture market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Hotel Guest Room Furniture market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Ashley Furniture (United States), Rooms To Go (United States), Foliot Furniture (Canada), Mattress Firm (United States), Williams-Sonoma (United States), Northland Furniture Company (United States), Hmart Limited (United States), Berkshire Hathaway (United States), La-Z-Boy (United States) and American Signature (United States).
Market Overview:
In November 2022, Ashley Pacific Northwest, an affiliate of Ashley Furniture Industries, has agreed to acquire certain Wilson Logistics assets. Ashley Pacific Northwest is a regional division of Ashley Distribution Services, both of which support Ashley Furniture's transportation needs. According to an Ashley Furniture spokesperson, this acquisition is expected to expand ADS' brokerage and distribution operations in the western United States. We are delighted to welcome members of the Wilson team as we continue to service existing customers and build on Wilson's strong legacy.
The overarching goal of these regulations is to promote health, safety, comfort, convenience, prosperity, and general welfare by requiring businesses that provide lodging to visitors, transient guests, and other residents to maintain a minimum level of cleanliness, quality, and security. Inspections by Independent Agencies the City shall inspect all businesses subject to the regulations outlined in this chapter on an annual or biannual basis. The City Manager or designee is authorized to issue administrative regulations allowing the acceptance of satisfactory ratings conferred by recognized, independent agencies instead of a city inspection, provided that the independent inspection is based on performance and facility standards that are equal to or greater than the standards commemorated in this Chapter.
In these difficult times, new hotel properties are looking forward to good quality, durable guest room furniture that is also cost-effective. Because of our previous experience, cutting-edge machinery, and skilled labor, we at Liberty Furniture’s can supply that required furniture with all of the parameters met of a premium hotel at a reasonable cost. We are competitive in the market, especially for guest room furniture, because we use genuine materials such as imported wood and other high-quality materials in bulk while keeping our overheads low.
Hotel Guest Room Furniture Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Awareness among Peoples to Decor their Hotels
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Major Trends | - Development of New Technological Advancements and Product Innovations
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Restraints | - Lack of Skilled Workers
- Increased Cost Raw Materials
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Road Blocks / Challenges | - Fluctuations in Supply and Demands of Raw Material of Furniture due to Pandemic
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Gaps & Opportunities | - Increasing Urban Population and Rising Disposable Income in the Emerging Countries
- Growing E-Commerce Sector
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Key highlights of the Global Hotel Guest Room Furniture market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Hotel Guest Room Furniture market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Hotel Guest Room Furniture market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Hotel Guest Room Furniture Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hotel Guest Room 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, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Hotel Guest Room Furniture market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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, Hotel Guest Room Furniture Manufacturer, Hotel Guest Room Furniture Supplier & Distributor, Private Research Organization, Government Bodies, End-Users and Others.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.