DELHI, India -
Feb. 3, 2022 -
PRLog -- he Global Premium Furniture & Furnishings Market was valued at USD 24.25 billion in the year 2020. The rising disposable incomes have inclined the consumers towards purchasing luxury items that act as a status symbol and add value to a space, catalysing the global premium furniture market. Moreover, the growth in home furnishings is driven by product innovation, segmentation, and digital strategies, hence, paving way for the growth in the market during the forecast period 2021-2026.
The furniture segment captured the major share in the global market in 2020. The rise in the global economy has increased the spending capacity of the consumers, which in turn has impelled the sale of branded furniture items in the market. Moreover, the development of an automated manufacturing system is anticipated to have a significant impact on the furniture industry during the forecast period 2021-2026.
Scope of the Report - The report presents the analysis of the Premium Furniture & Furnishings market for the historical period of 2016-2020 and the forecast period of 2021-2026.
- The report analyses the Premium Furniture & Furnishings Market by Value (USD Million).
- The report analyses the Premium Furniture & Furnishings Market by Product (Furniture, Housewares, Textiles, Lighting, Other).
- The report analyses the Premium Furniture & Furnishings Market by Distribution Channel (Offline, Online).
- The report analyses the Premium Furniture & Furnishings Market by End-Use (Residential, Commercial).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.
- Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Herman Miller, HNI Corporation, Okamura Corporation, Kimball International Inc., Ralph Lauren Corporation, Basett Furniture Industries Inc., Steelcase Inc., La-z-Boy, Grayson Luxury, Haworth Inc.
For more Information:https://azothanalytics.com/report/consumer-goods-and-services/global-premium-furniture-and-furnishings-market-analysis-by-product-furniture-housewares-textiles-lighting-others-distribution-channel-end-use-by-region-by-country-2021-edition-market-insights-and-forecast-with-impact-of-covid-19-2021-2026Vishal Sharma
(Business Development Manager)
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