Home Furnishing Markets Growth Is Driven by Regular Introduction of Innovative Furniture: Ken Research

 Furniture states to the movable and ergonomic objects, such as chairs, tables, beds, cupboards, desks, sofas, and cabinets, utilized in residential and commercial areas for seating arrangements, storage purposes, and advancing the aesthetic worth of space. It is manufactured optimizing the durable raw materials, involving wood, plastics, glass, iron, and marble. Nowadays, procedures are offering the multi-functional variants in wide-ranging colors, sizes, styles, and designs with heightened aesthetics, comfort, functionality, and storage capacities for the offices, homes, and indoor and outdoor locations.

The increasing global population, speedy urbanization, and growing construction of residential and commercial buildings are among the foremost factors positively fostering the household furniture and kitchen cabinet market. In addition, the enlargement of the travel and tourism sector, in convergence with inflating income levels, varying lifestyles, and enlightening living standards, is increasing the practice of lightweight, versatile, and portable furniture with supreme storage facilities across the world. Apart from this, the growing number of nuclear families is influencing the sales of foldable and compact furniture that can be effortlessly arranged in smaller spaces. Besides this, the increasing number of individuals suffering from postural dysfunction is catalyzing the requirement for ergonomically designed furniture to safeguard the health and posture issues among children and adults. Furthermore, the easy accessibility of innovative products through online shopping platforms is influencing the home furnishing market growth. Not only has this, leading producers are coming up with new designs and cooperating with interior designers to enlarge their market reach and capture a varied customer base. They are also introducing supportable furniture made from recycled items, such as salvaged wood, textiles, and wood pallets, which is projected to drive the global portable beds market.

Residential and infrastructural advancement, for instance, the establishment of churches or community centers, hospitals, and government institutes also compels product requirement. Furthermore, government regulations with concerns to furniture, especially the products utilized in hospitals, require manufacturers to particularly design and manufacture furniture that observes with the government regulations. For instance, the British Contract Furnishing Association stipulates that the wooden furniture in hospitals should be wrapped with high excellence clear lacquer. The application of clear lacquer not only confirms durability but also embraces antimicrobial agents that prevents the growth of micro-organisms.

Additionally, with the increasing size and number of hospitals around the globe, their requirements have also transformed. For example, the new Queen Elizabeth Hospital in Birmingham, England involves four bedrooms with en-suite amenities and individual rooms for visitors or relatives accompanying the patients. Such aspects are ultimately projected to underwrite to global cabinet pulls market growth.

The Asia Pacific furniture market accounted great value of the overall revenue share in recent past years. This growth can be attributed to growing disposable income of the upper- and middle-class population. Additionally, rising demand for living room furniture followed by bedroom and kitchen and dining furniture is projected to drive the AV furniture market. This growth is propelled by booming real estate industry coupled with government-initiated the housing projects. Moreover, speedy urbanization coupled with growth of IT industry is predicted to positively impact requirement.

Europe is projected to expand at a great value of CAGR over the forecast duration ascribable to the growing tourism industry propelling hospitality sector, which is eventually generating the demand for luxury furniture. Europe is one of the foremost regions wherein the furniture export ratio is greater than imports. Italy, Germany, and France are the foremost countries in the industry due to concentrations of major key players.

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Furniture Market Research Reports Also Provides in Depth Case Studies: Ken Research

 Furniture is utilized in spas, offices, laboratories, clean rooms, camping, restaurants, bedroom, library, outdoor, stores, and parks. Most furniture is produced utilizing a variety of materials and is prevalent in dissimilar designs. Furniture are movable items likewise beds, chairs, tables, cupboards, shelves, or in the form of decorative art utilized at several places. Furniture proposes dissimilar solutions likewise dining, sleeping, seating and storage function. Across the commercial spaces, the furniture plays an imperative role in seating the arrangements and document storage.

Based on our furniture market research reports, growing expenditure on furniture goods among millennials, coupled with the increasing brand consciousness among them, is assisting the market to record increasing revenues during the study period. The proficient growth in the number of e-commerce platforms that propose the various designs and models of furniture products is hastening the growth of the market in the underdeveloped nations. On the basis of furniture industry analysis, the omnichannel distribution practices are also assisting the foremost players record more revenues in the market.

Owing to no of furniture manufacturer significant requirement from the younger generation, key players have come up with several offers on their products. The increasing demand for do-it-yourself (DIY) furniture products and ready-to-assemble (RTA) is also assisting the market grow further, particularly in the home and office furniture sectors, thus assisting the work from home furniture market record more sales around the globe. The increasing residential and commercial construction around the globe and the growing number of strategic alliances and partnerships are predicted to drive the market's growth.

Reliant on our furniture industry research report, owing to the growing global population and the increasing middle class across the majority of regions of the world, the requirement for home furniture is increasing, helping the specific segment of the market to augment further. Coupled with the increasing younger population and their unique furniture preferences, the requirement for multi-functional furniture that feature maximum storage facility, ground-breaking space-saving designs, and stylish design is propelling the growth of global furnishings market. The foremost players are aiming on ways to fascinate more customers by optimizing their products according to the tastes and preferences of customers, which is predicted to influence home furniture sales during the review period. RTA furniture is becoming progressively popular among customers due to the lower costs and compact designs.

The Asia-Pacific region, due to the high population and the increasing residential construction, augmenting at a fast pace. As the standard of living continues to advance in China, customers have begun investing in home decoration and home furniture. Growing consumers’ buying power has also propelled the furniture market to develop around the region. The key players in the global wooden furniture market are also launching their special online platforms and some also entered partnerships with the e-commerce channels to reinforce their distribution networks, which is probable to propel the furniture market’s growth in the region. With the entry of IKEA into the Indian sub-continent during 2018, the competition became more complex around the country and the region, assisting the firm strengthen its global existence. Therefore, it is predicted that during the near future the market of furniture will augment more proficiently around the globe over the review period.

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Furniture Market Research Reports Concludes With Market Projection for Future and Analyst Recommendations: Ken Research

Furniture is utilized in laboratories, spas, offices, clean rooms, restaurants, camping, bedroom, outdoor, library, parks, and stores. Most furniture is produced using a variety of materials and is accessible in different designs. Furniture are movable items such as chairs, beds, cupboards, tables, shelves, or in form of decorative art utilized at several places. Furniture offers dissimilar solutions such as sleeping, dining, seating, and storage function. In commercial spaces, furniture plays an imperative role in seating arrangements and document storage. Contingent on end use, furniture designs can be modified through machine-based procedures and handcrafting.

The positive growth in number of small-size houses has motivated the multi-functional furniture, which has facilitated for extra stowage. It was witnessed that there is augmenting the utilization of extra home spaces for an office which has led to a requirement for office furniture. The office furniture market is highly fragmented, due to multiple vendors in both international and regional players. Booming real estate industry in the present scenario propels the global home furniture market. In addition, the speedy increment in disposable income has propelled individuals to spend more on comfortable lifestyle, which, in turn, is estimated to provide growth opportunities for the global home furniture market. Low-cost furniture producers such as China and Vietnam are also projected to drive growth of the Hospital furniture market. However, scarcity of skilled labor, better transportation facilities, and infrastructure facilities functions as a hindrance for the global furniture market.

Based on the furniture market research reports, Asia Pacific furniture market size generated USD xx billion during the recent past years impelled by the expansion of the hospitality and real estate sectors coupled with growing disposable incomes, specifically in urban locations. However, the abundance of low cost & skilled workforce allows Asian countries to retail their products in the international market at very competitive costs. Population growth, environmental impressions, and urbanization have surged the requirement for smart & sustainable infrastructure solutions. The effective growth in building & construction spending owing to the growing per-capita disposable income along with improved infrastructure in APAC will augment the product requirement.

The market is driven by several factors such as growth in disposable incomes, growth of real estate and hospitality industries, and requirement for luxury and premium furniture from certain consumer sections. In addition, Furniture Market Research Reports Consulting estimate that the emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the aspects that are expected to underwrite toward growth of the market around the globe. In addition, growth in government investments in infrastructural development booms up the furniture market requirement in the residential and commercial sector in the future. Integration of internet of things into furniture products is anticipated to further intensify the market growth.

Development in the manufacturing technology has substantially decreased the cost of furniture, which propels the use of furniture products. Augment in the global economy has augmented the spending capacity of the customers, which, in turn, has impelled the sale of branded furniture items in the market. Not only has this, the development of automated manufacturing system is projected to have a significant impression on the furniture industry during the forecast period.

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Furniture Market Research Reports | Furniture Market Research Reports Consulting | Wooden Furniture Market: Ken Research

 Furniture is a prerequisite for all residential and commercial spaces. It fills office and living spaces and is responsible for comfort and productivity. Therefore, the demand for this market increases enormously over time. Furniture comes in a variety of seating options such as accent chairs, living room sofas to add elegance, sleeping, dining, working, storage and others. The rapid growth of the real-estate industry in the current situation is driving the growth of market. In addition, rise in disposable income and rapidly increasing online shopping are expected to help the furniture market. Some driven factors, which are responsible for growth of the furniture market include growth in organized retail, change in customer preferences in developing economies, and growth in residential & commercial development.

There are various types of Furniture the people use on daily bases for instance tables, beds, desks, chairs, dressers and cupboards. Based on material used to manufacture the furniture, the global furniture market is categorized into plastic, metal and wood. Wood segment is expected to witness higher growth rate due to growth in real-estate sector, rapid urbanization and change in lifestyle pattern of millennial during the forecast period. The main application includes hotels, motels, hospitals and other similar institutions for residential and commercial buildings.

Growth in real estate business, followed by rapid urbanization has considerably bolstered the growth of Furniture market. This market has expanded to the production of home-interiors & furnishing that demonstrate high-class & high-quality. Surge in demand for the online-shopping is projected to support the furniture manufacturing market grow. Key manufacturers can sell their products on a wider platform than before, which will augment their customer base geographically leading to the growth of the furniture manufacturing market.

Furniture market is extremely fragmented because of large presence of industry players at regional & global level. A number of companies are involved in the partnerships & collaborations to support their industry footprint. In order to capture more of the industry, companies are expected to develop their supply chain network to be customer friendly. New market entrants will steadily increase in the expected period due to high profit margins. Mergers & acquisitions will be a key strategy for industry players to increase their market share.

Increased marketing campaigns for apartments in residential and commercial buildings with ready-made furniture will attract new buyers, better offers and drive market development. In addition, rising spending on the luxury lifestyles, repairs & renovations and use of innovative furniture designs are expected to fuel the growth of the industry. In addition, an increase in the income of the middle class is another important factor that will increase the demand for products. In addition, the demand for wooden furniture in Europe is increasing due to the growing demand for ethnic design furniture for living rooms and bedrooms, small decorative items and various ready-to-assemble products, among others. Additionally, the high demand for space-saving multifunctional furniture is also contributing to the growth of the wooden furniture market in Europe. Furthermore, the demand for plastic furniture is also growing rapidly due to its low cost, and it is particularly well known in the Asia-Pacific countries.

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Rapid Change in Production Technology Driving Furniture Market Reports Globally: Ken Research

 Furniture is majorly refers to movable objects intended to support various human activities such as seating (for instance: chairs, stools, and sofas), eating (tables), and sleeping beds and many more.  Moreover, in recent scenario it has been witnessed that the furniture is also used in camping, bedroom, laboratories, school, preschool, spa luxury furniture, office, cleanroom, luxury furniture, restaurants, outdoor, library, folding furniture, parks, stores and many more places.

Ken Research provides a strong and detailed coverage on the research report over the furniture segment. Some of the various key insights which have been covered in few of our reports include home improvement furniture and office furniture categories account for a majority of the share in the global furniture market. In addition to this, majority of the furniture is being manufactured from the wood, glass, steel, and plastic. Also, the furniture are considered to be a movable item such as chairs, beds, cupboards, tables, shelves, or in form of decorative art used at various places.

Moreover, the report also covers some of the latest trends and developments which are impacting the overall market demand of the research reports on the furniture market globally. As per our company’s report analysis, it has been witnessed that the increase in number of small-size houses has encouraged for multi-functional furniture, which has facilities for extra storage. It was observed that there is a rising utilization of extra home spaces for an office which has led to a demand for home-office furniture.

Furthermore, furniture market is considered to be highly fragmented due to multiple vendors in both international and regional players. Ken Research reports on Furniture sector helps the key decision makers including retailers, wholesalers, Manufacturers, Suppliers, Traders to understand business opportunities in different geographies which help in strategy building and assessing future growth of the company.

Ken Research has completed several research reports on furniture market. However, one of our recent studies on the Bamboo Flooring states that the majority of today's bamboo flooring products originates in China and other portions of Asia. Globally, the Bamboo Flooring industry market is not concentrated as the manufacturing technology of Bamboo Flooring is relatively matures than some high-tech equipment, and some enterprises, such as Yoyu, Dasso, Jiangxi Feiyu, and many more are well-known for the wonderful performance of their Bamboo Flooring and related services.

The furniture market reports will cover the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors. Moreover, the report will also include Global & Regional market status and outlook. In addition to this, the report will provide a break down details about each region & countries covered in the report.

To sum up, the prime objective of furniture reports prepared by our company is to offer detailed insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America, and many more).

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Growth in Real Estate Industry Expected to Drive Global Furniture Market: Ken Research

 Furniture is a movable/mutable object intended to support a variety of human activity including seating, sleeping, fencing and protection. It is also used to hold the object at the proper height for working. It can also be designed & used as a decorative object. Furniture has become a vital part of human life since non-nomadic culture. It is kept in home or other commercial buildings to make the living & working environment comfortable. There are various types of furniture the people use on daily bases for instance tables, desks, chairs, beds, dressers and cupboards. On the basis of the material used to manufacture furniture, the global Furniture Industry can be segregated into metal, plastic and wood. Major application includes residential & commercial building hotels, hospitals, motels, and other similar institution.

Owing to considerable demand from the younger generation, leading players have come up with many offers on their products. Growth in residential & commercial construction across the world coupled with surge in number of the strategic alliances & partnerships are projected to drive the growth of Furniture Market.           

By type, Furniture Market can be divided as residential, commercial and RTA. Residential segment holds major share in global market owing to growth in global economy that has increased the spending capacity of customers. Additionally, growth in commercial infrastructure & real estate sector has fueled the demand for the residential furniture items across the world. In addition, by distribution channel type, market can be divided as supermarkets & hypermarkets, e-commerce, specialty stores, and others. The specialty store segment is expected to witness higher growth rate caused by wide range of furniture category that is provided by specialty store. Furthermore, increase in disposable income levels and changes in lifestyle of consumers are projected to further drive the market growth.

Growth in infrastructure investment in residential & commercial sector, followed by rise in disposable income, increase in inclination of customers toward modular furniture, rise in demand for do-it-yourself (DIY) furniture products and ready-to-assemble (RTA), growth in real estate industry, increase in expenditure on furniture goods among millennial, rise in demand for luxury & premium furniture from certain consumer sections, growth in brand consciousness among people and change in consumer buying behavior owing to transformation in the living styles are some major factors, which are responsible for growth of Furniture market. However, environmental restriction associated with deforestation and rise in raw material price may impact the market. Moreover, growth in e-commerce, development of eco-friendly raw materials and increase in public spending are leading opportunities for global market.

Based on geography, the North-America region dominates the Global Furniture Market owing to development of automated manufacturing system, rise in disposable income coupled with change in lifestyle of consumer across the region. The Asia-Pacific and Europe regions are estimated to exhibit considerable growth rate due to expansion of the hospitality and real estate sectors over the forecast period. It is anticipate that global Furniture market will be bright because of growth in development of new residential projects during the forecast period.

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Positive Landscape of Virtual Reality (VR) Technology in the Furniture Market Outlook: Ken Research

Furniture industry is undergoing with the more development in the technology and companies are also started making smart furniture with the facility of IoT that is Internet of Things. Not only has this, with the technology of Augmented Reality the phase of furniture industry is also enhancing with the more development in this technology. Moreover, with the more development in the technology and efficient innovations in the existing technology the market is become more attractive and lead to significant growth across the globe. According to the report analysis, ‘Market Research Reports for Furniture’ states that in the forecasted period the more development in the technology of Virtual reality transform the industry of furniture totally as virtual reality not only provide consumers with an opportunity to test-drive products but also to attract and retain their fickle attention. Additionally, significant increase in the disposable income and digitalization, the industry of furniture is growing more efficiently with the more development in the specifications of furniture.

However unsurprisingly, the development in the technology totally turned up the industry of furniture and the introduction of Virtual Reality into the retail of furniture world is revolutionary. Moreover, many of the companies such as Microsoft, Google and others are struggling to keep up with all of the technological advancement and providing better experience to the customers. Virtual Reality systems include immersive applications, such as head-mounted display and large projective displays. With the technology of VR in the smart phones, laptops, desktops shoppers can rotate, zoom in and out, and change the color or context of the product they are viewing. Moreover, the user of VR can participate in modifying the form and content of a mediated environment with the immediate feedback and it creates the most prominent shopping surrounding for learning product information. Additionally, with the enhanced learning opportunities, VR furnishing online shoppers with practical product experience. According to the report analysis, ‘Furniture Industry Research and Market Reports’ states that the VR technology initially encourage Web site engagement and thus constructs continuing relationships between online retailers and its customers. Furthermore, VR allows not only close inspection of an individual item but also visual inspection of how furniture items coordinate, which is difficult in physical stores. VR offers unlimited choices without the temporal and physical constraints of a brick-and-mortar store, along with the potential of finding choices that shopper want. The many companies are doing significant development in the applications of VR which lead to a significant increase in the industry of furniture.

The usage of VR is very much done in the both developed and developing countries as VR offers shoppers realistic product experience, with the selective product according to individual tastes which involves actual visualization of several furniture combinations. The market of VR in furniture industry is majorly dominating by the North America and Europe whereas; the Asia Pacific region is also doing so many innovations for acquiring a handsome amount of share in this market. IKEA (Swedish Furniture Company) and Lowe’s (North America home Improvement Company) are the major players of this market and providing better consumer experience.  Moreover, Microsoft, Electrolux, Panasonic and others are the major players of this market and welcoming the new investors which support the market and build ecommerce for VR. Therefore, it is expected that in the coming years the technology of VR in the furniture industry will grow more significantly over the decades.

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Dynamic Landscape of Augmented Reality (AR) Technology in the Furniture Market Outlook: Ken Research

Increase in the disposable income and urbanization, the market of furniture is growing significantly with the more development in the specifications of furniture and adaptation of new technologies has also lead to the market growth. Moreover, retailing of furniture is doing well in the online market and the players are projecteing more projects related to the furniture industry. Technology such as virtual reality, augmented reality, IoT (Internet of Things) and others are playing significant role in the market of furniture and make it more fruitful for the both the buyer and the seller. According to the report analysis, ‘Furniture Research Industry and Market Report’ suggests that the augmented reality technology is growing rapidly in the furniture industry which make effective purchase by the consumers as with the online buying of the consumer will not able to get the exact fitted size furniture for their home. But the introduction of augmented reality solves this problem of online buying and increases the sales of the furniture.

In the recent trend, it is observed that with the more development in the technology so many of the biggest players in home furniture introducing Augmented Reality applications. Moreover, this technology helps in increasing consumer confidence when purchasing big-ticket item and AR (Augmented Reality) can also decrease return rates by helping consumers. Additionally, with the recent market trend Apple ARKit and Google ARCore, 2018 is dignified to witness a mainstream tipping for augmented reality technology. As mainstream awareness of AR starts to explode in 2018, expect to see plethora of new mobile AR apps for ARKit and ARCore. With this technology users can simply hold up a mobile and scan the encompasses room, the Ikea Place app then enables the users to fix 3D furniture objects around the room in a systematic relevant manner. Not only has this, the consumer or user of this technology can rearrange furniture, change its color whereas the application offering the opportunity to add items to the basket and purchase online. Therefore, the applications of AR will continue to transform all aspects of the commercial landscape of furniture industry. According to the report analysis, ‘Market Research Reports for Furniture’ suggests that more innovations in the Augment Reality market of furniture will result in the significant growth and make the market more attractive and further increase the sales of furniture with the increase in the disposable income of the people and rise in urban population.

Europe is doing effective management in this industry and makes the market more gainful for all the key players whereas, the North America is dominating the huge market share in AR in the furniture industry. Not only has this, Asia Pacific Region also started projects and programs related to this and expected to gain handsome amount of share in this industry. This industry is very much prominent in both developed and developing countries.

DAQRI, Imaginate Technologies, Kudan, ViewAR, Ikea, Google, Apple, Total Immersion, Holition, Sephora, Microsoft, Zugara, Marxent Labs, Amazon and others are the major players of the Augmented Reality in the furniture industry. Whereas, Ikea, Apple,  ARKit are dominating the major portion of this market with the more innovations in the applications of existing AR technology and with rise in the introduction of new apps for the better consumer experience and expanding the business profile. Therefore, it is expected that in the coming years the AR technology in furniture market will lead to a positive role and results the more growth over the decades with the further development in the economic system.

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Growing Landscape of Smart Furniture Market: Ken Research

Market of furniture is growing rapidly with the increase in the urban population and more development in the technology of internet. Moreover, the e-retailers in India is growing and playing a significant role and making the market more innovative. In the recent trend, it is expected that the Indian online retail market is condemned to gross around USD 15 billion. Whereas, furniture as an online commodity has a certain specific set of problems such as problem of warehousing of pre-made furniture products and others. On the other hand, manufactures can expand their geographical presence with the help of online retailing, and the consumers can make better purchase decision by referring to the reviews online. Online retailers have helped the customers, vendors and other players of this market to indulge in the trade with the much convenient and easier way. Therefore, the major portion of this market is enjoyed by online furniture retailers. According to the report analysis, ‘Furniture Market Research Reports’ suggests that changing lifestyle is one of the more prevailing factor which the lead the growth to this market.

Major portion of the population is becoming more technology orientated and the furniture industry is being shaped by new technology for comfort and ease of use. E-commerce furniture industries leading the significant growth to this market and now furniture makers are not just bearing how comfortable a chair is but how easy it is to use technology while sitting on that chair. With the wide usage of power of virtual reality the number of store are trying out this internet technology and shopping for furniture is becoming even easier as time moves on. According to the report analysis, ‘Market Research Report for Furniture’ suggests that the internet technology is changing the industry of furniture across the globe and unsurprisingly it is going meet the needs of the modern population. In the developed countries the internet technology is prominent across the population and make the furniture industry more profitable as the buyer can buy any type of verified and secured furniture online at a reasonable cost rather than the offline market with the warranty of the product and other facilities such as free delivery and others.

In the North America it is expected that the industry of furniture is becoming more innovative and lead to significant growth with the expansion of business online whereas, Europe is dominating the huge market share in the furniture industry and plays a significant role in the smart furniture market. Not only has this, Asia Pacific region is also playing significant role followed by rest of the world in this industry. Moreover, both developed and developing countries are doing efficient innovations in the internet which make the site of online retailers more attractive and helpful in increasing their sells.

Carlo Ratti, Tabula Sense, Kamarq Holdng, Ori Systems, Ikea Group, Fonesalesman, Herman Miller, Inc, Milano Smart Living and others are major players of this industry whereas, Seebo Interactive Ltd., Ori systems are the major leading players in this market who are dominating the huge share in this market followed by Herman Miller, Inc. Moreover, many of the companies are collaborating with the Flipkart and Amazon for selling their furniture products online which make the online market of furniture more competitive as the existence of numerous online players. Therefore, it is expected that the furniture industry will grow significantly in the coming years over the decades with more innovations in the applications of online apps and sites.

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Multipurpose Furniture: Commitment to Sustainability Market Outlook: Ken Research

Furniture Market Research Reports that theme of maximalist, flexibility, self care will shape homes in the new era of worldwide ergonomics and furniture designs. Due to rising home prices, apprehension from the burst house bubble, educational loan and delaying marriages- buying house is not the priority of youth. Therefore they look for furniture that could easily get accommodated in their small rented apartment and is comfortable in all sense. Furniture manufacturers may have to equip themselves with inventory of inexpensive, streamlined or multipurpose furniture to suit the situation, as multifunctional furniture is rapidly gaining popularity. Multipurpose furniture is a broad category of products that include wall beds, transforming tables, compact seating and many more.

Quality multipurpose furniture is versatile in its ability to adapt too many situations. Modular, reconfigurable elements are the driving force behind palette of creative and elegant furniture. For instance the Cortesi convertible chair bed which can be folded into lounge- chair- style bed. Its color combination and elegancy is what makes it so popular followed by the HUK table which is practically super hero consisting of table to set your coffee on, or a plucky perch for laptop or papers and there are many more multipurpose furniture walking beside changing lifestyle.

Benefits of Multipurpose Furniture

•                    Maximize Size: One the most important feature of multipurpose furniture is they maximize size by being folded into compact furniture piece. For instance Sofa-cum-Bed  can be unfold to use it as bed and when not in use could be folded back to sofa which requires less space and is more compact and comfortable to sit on .

•                    Lower Cost: Hiring a contractor to make structural changes to your home will cost a lot of money. Those same changes could be accomplished with multi-functional furniture.

•                    Minimize Clutter: Clutter not only makes a room look smaller than it is, but it also detracts from the beauty of the room and makes it less inviting. Multi-functional furniture helps to reduce clutter by reducing the number of pieces in a room.

Furniture Industry Analysis states that Resource furniture in North America is the largest and most experienced multifunctional furnishing retailer with more than 18 years of experience are using European made furniture which cost more than Asian made furniture for high quality so that they are more reliable and last longer followed by Alibaba, multinational Chinese retailer is one of the major players in furniture industry with high range of multipurpose furniture. In India, multipurpose furniture is highly in demand through online retailers such as urban ladder, pepperfry as the ordinary furniture are expensive and not creative enough. Therefore consumers are hesitant to buy these days. The future of multipurpose furniture can easily be predicted according to recent trends of modern and inexpensive micro motors and sensors to utilize it for home and office furniture. Multipurpose furniture is more sustainable and is expected to have great market share in furniture industry in the nearby future.

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Wireless Charging Furniture Market Outlook: Ken Research

The furniture industry today is one of the leading industries that incorporate technology in their products. Today wireless charging has grown more than ever. More and more devices are coming with built-in wireless charging and others with accessories to allow wireless charging. Furniture Market Research Reports Consulting highlights the fact that customers today are demanding furniture that is innovative whilst being comfortable.

Wireless charging furniture has been a result of technology being incorporated into furniture. Such furniture is mainly being developed to cater to the wireless charging feature of modern cellular phones such as Apple i-Phone X and Samsung Galaxy S9 among others. There have been recent developments in this respect-

1.      London based Fonesalesman has developed FurniQi. Which is a wireless charging side table that aims to function efficiently while still looking elegant. The simple bamboo design features a Qi wireless charging spot marked with a subtle laser engraving capable of charging a range of phones and devices. It also has an optional audible notification, making the table simple to use when the lights are off.

2.      Argentina based smart furniture company Curvilux has recently launched its modern nightstand which has a built in wireless charger.

3.      Sweden’s IKEA has developed its Wireless Charging Collection which has increased the scope of wireless charging by incorporating it in a wide range of furniture items that go beyond lamps and nightstands to charging pads which can be installed anywhere.

4.      Ecommerce companies are also investing in the field Amazon has also taken steps in this direction and has launched a few of its original furniture pieces that adhere to the concept of wireless charging. The Ampulla Charging Lamp and Sierra Modern Home Smart Table are some examples. Even eBay has developed products like Wooden Portable Speaker and Woody Wireless Charger.

Furniture Business Review reveals that most of the developments taking place in wireless charging furniture are made either by tech giants or e-commerce companies. This constantly developing field has led to a business partnership between the two for instance; Curvilux launched its nightstand on Indiegogo. Moreover, many discounts and offers are also being laid on such products to give incentive to the public to buy them. IKEA is seen as a major player in technological developments and its products and future projects that incorporate the concept of wireless charging are believed to be key drivers for future growth. Apart from major tech giants wireless charging is also capturing the attention of educational institutions like Stanford University and big companies like Disney. The former is working on wireless transmission whereas the latter has developed a wireless charging room.

Furniture as an industry is growing rapidly and incorporating technical developments like wireless charging is expected to further its growth. The current scenario may suggest modest use of wireless charging furniture but its technological innovation is capturing the attention of many people. Along with already established world leaders like IKEA, many other companies and institutions are also experimenting with the technology, further highlighting its immense potential. Wireless charging is said to be the next step in innovation and wireless charging furniture is said to pave the way for future developments.

For more information, click on the link below:

https://www.kenresearch.com/tag/consumer-products-and-retail/furniture/25.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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Touch Screen Tables and Panel Technology Market Outlook: Ken Research

Overview: In the modern digital age technology is tapping at the doors of commercial industries. The furniture industry is no exception as developments like tabletop tablets and touch screen tables are revolutionizing the way people and technology coordinatetogether. From restaurants to residential developers, everyone is trying to better incorporate the developments in technology in order to attract customers. Touchscreen tables are a revolutionary step in the furniture industry. These are enlarged tablets incorporated in normal tables the result of which is a stable platform which is both responsive to touch and is able to hold normal objects without getting damaged.

Evolution: Technology and furniture have started integrating despite the industry being primitive. The concepts of technology modifying furniture are still in their testing phase with major tech giants experimenting by pushing the boundaries of already developed gadgets. Many institutions especially hotels and eating joints are now adopting modern tableware that will make operations easier to conduct and bring customers closer to technology. Recent applications and developments include-

·         Microsoft Surface whichisan I-Phone like touch interface for tables being used in the Rio Hotel & Casino in Las Vegas.

·         Lenovo Idea Centre Horizon 27.

·         Dell XPS 18.0

Market Scenario: Furniture industry analysis reveals that technical upgrades are being made to the industry now, more than ever. The touch screen market is expected to surge by 2020.United States has by far the largest number of touch screen technology users in the world. Asia-Pacificis the fastest growing touch screen market with a 20%CAGR.Apart from major Asian technological hubs like South Korea and Singapore, India is also rapidly developing its digital market. The Indian market sees modest players like Touch Screen India, Control Electric Co Pvt. Ltd, Calista and Edutek Instrumentation all of which are specialized in touch screen panels.

Competitors: There are more than 250 touch screen suppliers in the world most of which have been investing in touch screen technology from as recently as five years ago. Developers such as Design Café are innovating and have released 4K Multi touch Tables .According to furniture market research reports Design Café has become a leader in the industry by providing the most hi-tech tables. Immersion Corporation

For more information, click on the link below:

https://www.kenresearch.com/tag/consumer-products-and-retail/furniture/25.html

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

0124-4230204