About Hospitality Furniture
Hospitality furniture (also known as commercial furniture) is a type of product that can be found in a hotel, restaurant, or commercial setting in high-traffic areas. Headboards, nightstands, coffee tables, vanities, entertainment units, dining tables, chairs, and so on are examples of this. It is designed to withstand wear and tear because it will be used by many people for an extended period of time and is expected to be more durable and of commercial grade quality to last for a longer period of time. Hotel owners and other hospitality furniture buyers have expressed a strong desire for customized and themed furniture that complements the interiors of the building. The rising demand for customized and themed furniture has created opportunities for new entrants.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Hospitality Furniture is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hospitality Furniture market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Louis Interiors Inc. (Canada), Bernhardt (United States), Charter Furniture (United States), Buhler Furniture (Canada), Bryan Ashley (United States), DICKSON Furniture (United States), American Atelier Inc. (United States), Dubois Wood (United States), Edgewood Furniture (Canada) and Parla (Turkey) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kimball Hospitality (United States), Solid Comfort (United States) and Foliot Furniture (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Hospitality Furniture market by Type (Beds & Bed Frames, Wardrobes, Table, Study Desk, Dressing Table, Chair, Desk, Cabinets, Sofa and Others), Application (Bedroom, Lobby, Admin Area, Pantry Area, Dinning & Bar Area and Others) and Region.
On the basis of geography, the market of Hospitality Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Hospitality Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Wood will boost the Hospitality Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hotels & Restaurants will boost the Hospitality Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption Of Eco-Friendly Material In Making Of Hospitality Furniture
Market Growth Drivers:
Growing Urbanization And Rapid Changing Lifestyle Of People and Rising Inclination Of Customers Towards Modular Furniture
Challenges:
Intense Competition Among Players and Presence Of Cheap Quality Furniture At Low Price In Market
Restraints:
Increased Cost Of Raw Materials and Surge In Demand For Second Hand Hospitality Furniture Items
Opportunities:
Growing Infrastructure Investment In Residential And Commercial Sector and Increasing Adoption Of Interior Design In Hotel And Restaurants Lead The Demand For Hospitality Furniture
On 20 May 2022, Parla has announced it will make its Clerkenwell Design Week debut in 2022, where it will reveal a new collection along with a new logo and branding.The collection features two styles of seating: the Flento Bar Stool, which has solid ash and coloured stainless steel legs and a footrest, and the Morwi A Chair, designed for outdoor use and boasting an intricate woven backrest.
Key Target Audience
Hospitality Furniture Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.