TechNavio recognizes the following companies as the key players in the Global Furniture Market: Ashley Furniture Industries Inc., IKEA International Groups, and Sears Holdings Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Eco-friendly furniture has always been available, but now it seems to be becoming a mainstream. Environmental concerns, such as awareness of how deforestation impacts climate change and the effects of toxic finishes on the air inside homes, have led the furniture manufacturers to go green. Vendors manufacture a wide range of highly esthetic quality furniture using only Moso bamboo, which is stronger and harder than oak. Companies such as Greenington are involved in the manufacture of eco-friendly furniture. There are certain agencies that certify and help the Furniture industry manage the issues surrounding environmental sustainability. Some examples are the Sustainable Furnishing Council and the Forest Stewardship Council. The trend of manufacturing eco-friendly furniture is expected to drive the growth of the Global Furniture market during the forecast period.”
According to the report, one of the main drivers in this market is the boom in the Real Estate industry. The global Real Estate industry has witnessed unprecedented growth. With the growing economy, people are investing more in real estate for home and office space. This development in real estate is fuelling the demand for furniture globally.
Further, the report states that one of the main challenges in this market is the shortage of timber. The main reason for this is deforestation due to high consumption. With the growing population, there is a demand for wood products, which results in deforestation. As a result, there has been a drastic decline in the sales of timber furniture.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International, Knoll Inc., KOKUYO Furniture Co. Ltd., and Masco Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-furniture-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Furniture Market 2012-2016
