Industry Background:
Beam chair is a comfortable lightweight wooden chair weight around only 4.5 kg. The growing use of creative items of furniture such as beam chair and others for decorating living spaces and rising inclination in corporate offices, restaurants owners and increasing online retail is the key factors flourishing the beam chair market. Further, growing industrialization and construction industry supplementing the growth of beam chair market.
According to AMA Research, the market for Beam Chairs is expected to register a CAGR of 12.7% during the forecast period to 2030. This growth is primarily driven by Rising Demand for Designer Furniture from Corporate Offices
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | 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 |
The Home Furnishings sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Foshan Yaqi Furniture Co., Ltd. (China), Foshan Wangli Metal Product Co., Ltd. (China), Guangdong Longjiang Hongji Seating Co., Ltd. (China), Ray label Instrument Co., Ltd. (China), Anji Mingjia Furniture Co., Ltd. (China), Allermuir (United Kingdom), KuschKusch Co Ltd. (United Kingdom), OMK Design (United Kingdom), Mathis Brothers Furniture (United States), Changzhou Jintan Yuanyun Import & Export Co., Ltd. (China), Foshan Mingle Furniture Co., Ltd. (China) and Century Furniture LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2022, The Lovesac Company, Opening its first showroom in the Lehigh Valley is a specialty furniture company known for its modular "Sactional" couches and "Sac" bean bag chairs.
In March 2020, Green Furniture Concept launched a revolutionary beam seating solution called the Ascent Series, revealed online at their showroom in Malmö, Sweden.Beam chair market is fragmented owing to the number of players present in the market. Manufacturers are now focusing on developing cost-effective, assorted styles of furniture, specifically the ready-to-assemble and portable furniture for various end users expected to drive the beam chair market in the long-standing.
Influencing Trend:
Growing Use of Beam Chairs in Restaurants and Cafes
Market Growth Drivers:
Rising Demand for Designer Furniture from Corporate Offices and Increasing Online Distributors of Beam Chairs
Challenges:
Increasing Dominance local Furniture Manufacturers
Restraints:
High Transportation Cost and Fluctuating Raw Material Prices
Opportunities:
Increasing applications in individual workplaces, conference and sitting room, and restaurants
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Beam Chairs Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Beam Chairs Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Beam Chairs players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Beam Chairs Study Sheds Light on
The Beam Chairs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Beam Chairs industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Beam Chairs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.