Global Upholstery Furniture Market Overview:
Upholstered furniture is one of the fastest-growing segments among the global furniture industry. The upholstered furniture is the products where fabric is in close contact with padding materials such as seats and other internal surfaces. Increase in building Construction and and changing consumer demographics as well as the tourism & hospitality industry growth is boosting the market.
Growth Drivers
- Rising Disposable Income and Affordability & New Designs
- Change in Consumer Buying Behavior Owing to Transformation in Living Styles Worldwide
Roadblocks
- Fluctuating Raw Material Cost Coupled with Necessity to Enhance Supply Chain Visibility and Efficiency
- High Cost Associated with this Furnitures
Opportunities
- Increase in Building Construction Worldwide
- Changing Consumer Demographics as well as Tourism & hospitality Industry Growth
- Increasing Demand from Emerging Market such a China, India and Others
Challenges
- Limited Availability of Skilled Labor to Meet Fluctuating Consumer Demand
Competitive Landscape:
The global upholstered furniture market is fragmented, due to the presence of a large number of small- and large-scale manufacturers in the market. Players, such as retailers, are spending heavily on advertising and promotion, as there is huge competition in the market. Digital e-commerce companies are giving strong competition to traditional retail chains.
Some of the key players profiled in the report are Pearson (United States), Rowe Furniture (United States), Sherrill Furniture (United States), American Furniture Manufacturing, Inc. (United States), DFS Furniture PLC (United Kingdom), Century Furniture (United States), Norwalk Furniture (United States), Craftmaster Furniture (United States) and Palliser Furniture Upholstery Ltd. (Canada). Additionally, following companies can also be profiled that are part of our coverage like Delta (United States), Intermountain Furniture Manufacturing (United States) and Hughes Furniture (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Upholstery Furniture market by 2026. Considering Market by Material , the sub-segment i.e. Fabric will boost the Upholstery Furniture market. Considering Market by Distribution Channel, the sub-segment i.e. Online (E-Retailer Websites will boost the Upholstery Furniture market.
According to 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 labelled”.
What Can be Explored with the Upholstery Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Upholstery Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Upholstery 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 Upholstery 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 Upholstery 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 Upholstery Furniture Manufactures, Raw Material Suppliers, Potential Investors, Government Associations, Market Research and Consulting Firms 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.