Household Furniture And Kitchen Cabinet Global Market Report 2020-30: Covid 19 Impact and Recovery
The household furniture and kitchen cabinet market consists of sales of household furniture and kitchen cabinets by entities (organizations, sole traders and partnerships) that produce household furniture including furniture for kitchens, bedrooms and living rooms. This market includes built-in kitchen cabinets.
The global household furniture and kitchen cabinet market is expected to decline from $379.7 billion in 2019 to $363.5 billion in 2020 at a compound annual growth rate (CAGR) of -4.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $429.6 billion in 2023.
Top Leading Companies mentioned are
IKEA AB; Ashley Furniture Industries Inc; Leggett & Platt Incorporated; La-Z-Boy Incorporated; Man Wah Holdings Limited
Latest News and Developments
November 07, 2018: Diversified manufacturer Leggett & Platt has announced that it has entered into a definitive agreement to acquire Elite Comfort Solutions, Inc. for $1.25 billion in cash. The transaction has been approved by the board of directors of Leggett & Platt and is expected to close in January 2019, subject to customary closing conditions and regulatory approvals.
Asia Pacific was the largest region in the global household furniture and kitchen cabinet market, accounting for 50% of the market in 2019. North America was the second largest region accounting for 20% of the global household furniture and kitchen cabinet market. Africa was the smallest region in the global household furniture and kitchen cabinet market.
The demand for small and portable furniture in urban centers is increasing. This is mainly because of the compact size and low cost these furniture offers, making them ideal for small households. Small and portable furniture are small in size when compared to a conventional furniture, and can be used for multiple purposes. For instance, a small-sized storage box can be used as a small seat or table, as well as to store personal belongings is a small and portable furniture.
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This report provides a detailed analysis of the Household Furniture And Kitchen Cabinet market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
By Product Type: Household Furniture; Kitchen Cabinet
Essential points covered in Global Household Furniture And Kitchen Cabinet Market2020 Research are:-
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global Household Furniture And Kitchen Cabinet market?
- What are the key markets trends impacting the growth of the global Household Furniture And Kitchen Cabinet market?
- What are the challenges to market growth?
- Who are the key vendors in the global Household Furniture And Kitchen Cabinet market?
- What are the market opportunities and threats faced by the vendors in the global Household Furniture And Kitchen Cabinet market?
- What are the key outcomes of the five forces analysis of the global Household Furniture And Kitchen Cabinet market?
This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Household Furniture And Kitchen Cabinet market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Household Furniture And Kitchen Cabinet in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Household Furniture And Kitchen Cabinet market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Household Furniture And Kitchen Cabinet market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Household Furniture And Kitchen Cabinet on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Household Furniture And Kitchen Cabinet Market and assist manufacturers and Household Furniture And Kitchen Cabinet organization to better grasp the development course of Household Furniture And Kitchen Cabinet Market.
Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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