Industry Background:
A modern coffee table is utilized by residential and commercial purposes. Modern coffee tables are weather custom made or pre-designed as per consumer requirements and comfort. Increasing disposable income fuelled by high living standards is expected to provide exponential growth to the market. The rising commercial sector, growth of real estate and hospitality sector and demand for luxury and premium coffee tables from the certain customer is propelling the growth of the modern coffee table market in both developed and developing countries
According to AMA Research, the market for Modern Coffee Table is expected to register a CAGR of 12.5% during the forecast period to 2030. This growth is primarily driven by Increasing Disposable Income and Consumer Inclination Towards Luxurious Furniture across the World
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
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 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), ELK Group International (United States) and Worlds Away (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 March 2023, Ochre at Home launched a nageen coffee table. Evocative of handcrafted tables from Kashmir, this walnut wood coffee table is awe-inspiring. Featuring intricate detailing of brass and malachite on the top and marble on the legs, this coffee table is a conversation starter.
In October 2023, Aliving launched a new multifunctional coffee table. This table features a tool-free assembly, and a lifting top for versatile use, and is made with eco-friendly materials.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Growing Popularity of Online Distribution Channels and Rising Demand for Good Quality Wood with Extraordinary Design
Market Growth Drivers:
Increasing Disposable Income and Consumer Inclination Towards Luxurious Furniture across the World and Rapid Growth of Commercial Sector Such as IT Industry, Hospitals, Education, etc in Emerging Countries
Challenges:
Lack of Skilled Workers in both Developing and Underdeveloped Nations
Restraints:
High Cost of Raw Material Processing and Labor Cost
Opportunities:
The Growth in Adoption of Modern Furniture in Developing Economies and Increasing Residential and Infrastructural Development in Middle East and Asia Pacific Regions
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 Modern Coffee Table 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 Modern Coffee Table 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 Modern Coffee Table 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, Modern Coffee Table Study Sheds Light on
The Modern Coffee Table Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Modern Coffee Table industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Modern Coffee Table 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.