Global Hotel Furniture Market Survey Report, 2019-2026
Hotel Furniture
Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (tables), and sleeping (e.g., beds). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards and shelves). Furniture can be a product of design and is considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from many materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflect the local culture.
Hotel Furniture Market Prospect
The global market for Hotel Furniture accounted a value of USD 5,697 million in 2019, with valuation forecast of USD 7,974 million by 2026, growing at a CAGR of more than 4.92% during forecast time frame. Driving factors responsible for the growth of the market include growth in tourism and hospitality sectors and rise in the number of luxury hotels. However, restraints impacting market are fluctuating raw materials prices and intermittent demand for hotel furniture.
In the past few years, the raw material prices were relatively stable and expected that the hotel furniture raw material price will be stable in the short term. However, increases in energy, transportation costs, employee salaries and depreciation of equipment will play an important role in promoting hotel furniture costs. Therefore, to some extent, the companies face the risk of profit decline.
Regionally, the global hotel furniture market is classified on the basis of regions such as North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Europe region is the largest sales volume market for hotel furniture in 2018, with sales accounting for 31.54% of the world, followed by Asia-Pacific and North America, accounting for 28.40% and 26.10%, respectively. Numerous leading manufacturers of hotel furniture are developing their online platforms and engaging in partnerships with e-commerce retail stores to improve their distribution channel network in the Asia Pacific. This is anticipated to drive the global market in the region. Leading hotel furniture manufacturers are focusing on customizing their furniture in North America. This, in turn, is increasing the demand for customized furniture among various consumer groups. Increasing expansion of global hotel furniture manufacturers in Europe and Asia is likely to change the market scenario in the forthcoming years.
Base Year: 2018 | Estimated Year: 2019 | Forecast Period: 2019 to 2026
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Type Outline
l Wooden Furniture
l Leather & Fabric Furniture
l Metal Furniture
l Others
Application Outline
l Economy Hotel
l Extended-Stay Hotel
l Full-Service Hotel
l Luxury Hotel
l Others
Regions Covered in the Report:
-North America (United States, Canada, and Mexico)
-Europe (Germany, UK, France, Italy, Denmark, Finland, Iceland, Norway and Sweden, Spain, Belgium, Poland, Russia, Turkey, and Others)
-Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, and Others)
-Latin America (Brazil, Argentina, Peru, Chile, and Others)
-Middle East & Africa (GCC Countries, Southern Africa, and North Africa)
Prime Competitors
The technical barriers of hotel Furniture are relatively low, and the market concentration of hotel furniture is dispersed. The manufacturing bases scatter around the United States. The leading companies in the Hotel Furniture market cover Ashley Furniture, Rooms To Go, Foliot Furniture, Mattress Firm, Williams-Sonoma, Berkshire Hathaway, Laz Boy, American Signature, Sleep Number, Northland Furniture, Sleepy’s, Buhler Furniture, JL Furnishings, Telos Furniture, and etc.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in hotel furniture market will become more intense.
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Key Features of the Hotel Furniture Market Report
-Report customization as per the client’s requirements
-Analysis of product segments for Hotel Furniture market with historical data and forecast
-Learn about the various market strategies that are being adopted by leading companies.
-Global Hotel Furniture market size & trends, drivers, constraints, growth opportunities, regional and country level analysis, investment opportunities, and recommendations
-It provides a six-year forecast based on Hotel Furniture market growth forecasts
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Hotel Furniture Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Hotel Furniture Market by Types
4 Segmentation of Hotel Furniture Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Hotel Furniture Market in Major Countries
7 North America Hotel Furniture Landscape Analysis
8 Europe Hotel Furniture Landscape Analysis
9 Asia Pacific Hotel Furniture Landscape Analysis
10 Latin America, Middle East & Africa Hotel Furniture Landscape Analysis
11 Major Players Profile
11.1 Ashley Furniture
11.1.1 Ashley Furniture Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Rooms To Go
11.3 Foliot Furniture
11.4 Mattress Firm
11.5 Williams-Sonoma
11.6 Berkshire Hathaway
11.7 Laz Boy
11.8 American Signature
11.9 Sleep Number
11.10 Northland Furniture
11.11 Sleepy’s
11.12 Buhler Furniture
11.13 JL Furnishings
11.14 Telos Furniture
…
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Target Audience:
Hotel Furniture manufacturers
Raw material suppliers of Hotel Furniture
Distributors and resellers of Hotel Furniture
Hotel Furniture industry associations
Product managers, Hotel Furniture industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
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