What is Coffee Tables Market?
As its name suggests, coffee tables were initially used for serving coffee. The purpose of a coffee table may seem obvious, there are a variety of uses for it, now be used for serving other beverages, meals, for assembling books and magazines and for showing bric-a-brac and floral arrangements. A coffee table can be used for formal or informal occasions in-home, cafes and in the cafeteria. It can tolerate the weight of a pair of feet or something as delicate as a teacup.
The market study is being classified and major geographies with country level break-up.
Ashley Furniture Home Store (United States), Ikea (Netherlands), Ethan Allen (United States), Durham Furniture (Canada), Uhuru Design (United States), Trendily Home Collection (United States), Hammary Furniture (United States), SAFAVIEH LLC (United States), Butler Specialty Company (United States), Theodore Alexander (United States), UrbanWood Goods (United States), Nuevoliving (Canada), Besana (Italy) and Herman Miller (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are QM Furniture (China), Huihe Furniture (China) and Ahaan Furniture Studio (India).
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Coffee Tables market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Coffee Tables market by Type, Application and Region.
On the basis of geography, the market of Coffee Tables 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Popularity of Online Distribution Channels
- Rising Demand for Good Quality Wood with Extraordinary Design
Market Trend
- Increasing Disposable Income and Consumer Inclination towards Luxurious Furniture across the World
- Rapid Growth of Commercial Sector Such as IT Industry, Hospitals, Education in Emerging Countries
Restraints
- High Cost of Raw Material Processing and Labor Cost
Opportunities
- The Growth in Adoption of Modern Furniture in Developing Economies
- Increasing Residential and Infrastructural Development in Middle East and Asia Pacific Regions
Key Target Audience
Manufacturers of Coffee Table, Suppliers of Coffee Table, Wholesalers, Distributors and Retailers of Coffee Table, End-User and Raw Material Providers