LIVING AND DINING ROOM FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

The Living and Dining Market is Segmented by Type, by End User, by Distribution Channel, and by Geography.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

Furniture in the house makes the living environment more comfortable. Tables, chairs, and sofa set are the major furniture being used in the living room. Dining room furniture is an item of important home furniture. The use of a dining room is no longer limited to eating and dining. In modern times, a dining room is also used as the homework station for kids and a playroom for family. In general, dining table is an inevitable element in the basic furnishing of the dining room.

The market is expected to grow at a CAGR of 4% in the period of 2019-2024.

  • The rising purchasing power of households along with the change in lifestyle, as well as the increasing trend of purchasing the living and dining room furniture through an online channel, are expected to drive the growth of the market.
  • Globalization has helped in paving the way for easier facilitation and has increased the availability of living and dining room furniture products, by offering a wide range of designs for customers.
  • The increasing demand for premium furniture is also one of the key drivers of the market.

Scope of the Report

A complete background analysis of the living and dining room furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview is covered in the report.

By Type
Seats and Sofas
Chairs and Tables
Othes
By End User
Household
Commercial
By Distribution Channel
Departmental Stores
Independent Furniture Retailers
Factory Outlets
Online
Others
Geography
North America
South America
Asia-Pacific
Middle East & Africa
Europe

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Key Market Trends

Wooden Furniture for Living and Dining Room Segment

The Wooden Furniture market segment focuses on furniture that is made primarily of wood and used in living and dining rooms. It includes bar, coffee and other occasional side tables, dining and buffet tables, TV and media stands, bookshelves, wine and other cabinets, chests, and other living and dining room storage furniture.

The United States accounted for the major market share in revenue in 2018.

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Asia-Pacific is Anticipated to Witness the Highest Growth

Factors, such as escalating real estate growth, increasing residential construction, and growing personal disposable income in developing countries, are anticipated to boost the living room furniture market in Asia-Pacific over the forecast period. Moreover, shortage of skilled labor especially in China and India, lack of better transport facilities, and insufficient infrastructural facilities are likely to hamper the market growth.

Growth in housing units, increasing middle-class level population, rise in household expenditure, change in lifestyle, and the increased preference for branded furniture, are some of the major factor sthat will increase the demand for the market in the region during the forecast period.

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Competitive Landscape

The report covers major international players operating in the living and dining room furniture market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.

Major Players

  1. Ashley Furniture Industries Inc.
  2. IKEA
  3. Williams-Sonoma Inc.
  4. Knoll Inc.
  5. Masco Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Living and Dining Room Furniture Market

    6. 4.6 Value Chain Analysis of the Living and Dining Room Furniture Market

    7. 4.7 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Seats and Sofas

      2. 5.1.2 Chairs and Tables

      3. 5.1.3 Othes

    2. 5.2 By End User

      1. 5.2.1 Household

      2. 5.2.2 Commercial

    3. 5.3 By Distribution Channel

      1. 5.3.1 Departmental Stores

      2. 5.3.2 Independent Furniture Retailers

      3. 5.3.3 Factory Outlets

      4. 5.3.4 Online

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 South America

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Middle East & Africa

      5. 5.4.5 Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ashley Furniture

      2. 6.1.2 IKEA

      3. 6.1.3 Williams-Sonoma

      4. 6.1.4 Knoll Inc.

      5. 6.1.5 Masco Corp

      6. 6.1.6 Sears Holdings Corp

      7. 6.1.7 KOKUYO Furniture Co. Ltd

      8. 6.1.8 Herman Miller Inc.

      9. 6.1.9 Bernhardt Furniture Company

      10. 6.1.10 Other Companies (Vogue Furniture 4U, INTERIO International Limited, Godrej Interio, Durian Furniture, Nitori Co., Ltd, and Stanley Furniture)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

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