Indonesian Construction Chemicals Market Growing with the Surging developments in End User Sectors of Infrastructure and Real Estate: Ken Research

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“Amplified demand for Concrete Admixtures, especially low water consumption admixtures has driven the growth of Construction Chemicals Market in Indonesia.”

Surging Government Initiatives: The Indonesian Government has launched a massive initiative, National Strategic Projects (PSN) in 2017, with ~ 4197 trillion Indonesian Rp investments on Infrastructure, with over 245 projects in 17 different sectors, such as Road, Dams, etc. The government is also taking various steps to restructure ownership laws to improve foreign investments into residential areas through Omnibus law for Job Creation, and make Indonesian land more appealing to foreign investors. The policies are anticipated to boost investments in the healthcare, education, housing, transportation, and water infrastructure sectors, leading to the growth of the Construction Chemicals industry in Indonesia.

Growing Market Share of Organized Construction Chemical Players: The organized construction chemical companies contribute a market share of ~80% in the Indonesia construction chemical market. The market has witnessed a large number of global construction chemical companies entering this market in the past few decades, leading to the growth in their market share. The surging demand for high quality construction chemical products is leading to the growing demand for the organized construction chemical Companies. These Organized Players have an advantage of procuring raw materials internationally, as local raw material availability is very low in Indonesia. They have also started providing a varied product portfolio with products such as waterproofing, concrete admixtures, sealants, Adhesives and others targeting a larger user segment. High complexity in manufacturing along with limitations related to technical assistance, high import dependence and after sales service are some of the factors leading to the limited entry of Unorganized Players in the market.

Increasing Demand for Concrete Admixtures: Concrete Admixtures are contributing majorly to the construction chemicals market (by Value) in Indonesia. The market for concrete admixture in Indonesia is witnessing a significant growth, owing to the rapid growth and Project Execution in the construction industry. Government initiatives like “One Million Houses per Year” have largely facilitated the growth of the construction sector in the country. Low complexity in manufacturing the concrete admixtures has led to the sustenance of a selected number of local concrete admixture companies in Indonesia. The unorganized concrete admixture companies have a minority market share of ~   20 %, by value.

The report titled “Indonesia Construction Chemicals Market Outlook to 2025: Ongoing and Healthy Pipeline of Ambitious Infrastructure Projects are driving the growth of Construction Chemicals Market” by Ken Research suggested that the Indonesia construction chemicals market is further expected to grow in the near future with the growing Residential construction due to rising demand from a growing younger middle class, along the massive pipeline of Infrastructure Projects anticipated to be executed in the forecasted period. The market is expected to register a positive CAGR of 9.26% in terms of revenue during the forecast period of FY’20-FY’25, with the Organized market anticipated to grow at a faster rate.

Key Segments Covered in Indonesia Construction Chemicals Market: -

By Type of Construction Chemical Market

Organized

Unorganized

By Type of Construction Chemicals

Concrete Additives

Waterproofing

Repair and Rehabilitation Chemicals

Sealants

Tile Adhesives

Flooring

By Type of Concrete Additives Market

Organized

Unorganized

By Type of Waterproofing Market

Organized

Unorganized

By Type of Repair and Rehabilitation Chemicals Market

Organized

Unorganized

By Type of Sealants Market

Organized

Unorganized

By Type of Tile Adhesives Market

Organized

Unorganized

By Type of Flooring Market

Organized

Unorganized

Key Target Audience

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Repair and Rehabilitation Chemical companies

Time Period Captured in the Report:

Historical Period: FY’15-FY’20

Forecast Period: FY’20-FY’25

Construction Chemical Companies in Indonesia:

Aquaproof (PT Adhi Cakra)

PT MBS Indonesia

PT Bostik Indonesia

PT Dow Chemical Indonesia

PT FOSROC Indonesia

PT Sika Indonesia

PT Mapei Indonesia

PT Estop Indonesia

PT Miranila Abadi (Ultrachem)

Bossil (Nippon paint Subsidiary)

PT Propan Indonesia

Mortar Utama-Weber

Key Topics Covered in the Report: -

Global overview of construction chemicals market

Construction Chemical Market Ecosystem

Value chain Analysis of Construction Chemicals market

Demand side analysis of Construction Chemicals market

Porter’s Five Forces Analysis of the Indonesian Construction Chemicals Market

SWOT Analysis of Construction Chemicals Market

Key Trends in Indonesia Construction Chemicals Ecosystem

Government’s Role in the Indonesian Construction Chemical Market

Recent Developments in Indonesian Construction Chemical Market

Import Export Scenario of Raw Materials in Indonesia Construction Chemical Market

Import Export Scenario of Specialty Chemicals in Indonesia Construction Chemical Market

Indonesia Construction Chemicals Market End User Analysis

Indonesia Construction Chemicals Market Size and Segmentation

Market Share of Construction Chemical Companies on the basis of Revenue

Financial and Business Landscape of Indonesia Construction Chemicals Players

Product Landscape of Indonesia Construction Chemicals Players

Company Profile of Major Construction Chemical Companies in Indonesia

Indonesia Construction Chemicals Market Future Outlook and Projections

COVID-19 Impact on the Construction Chemicals Industry

Forward Path and Recommendations

Analyst Recommendation

For More Information On the Research Report, Refer to the Below Link: -

Future of Indonesia Construction Chemicals Market

Related Reports by Ken Research: -

India Construction Chemicals Market Outlook to 2025 (Second Edition ): Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market

India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth

Indonesia Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

US Agrochemical Market Outlook to 2025 – Increasing Usage of Integrated Pest Management Activities and Bio Pesticides to Drive Market Growth

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Global Led Chip Market predict to foster owing to higher degree of power efficiency and brightness: Ken Research

LED stands for the light emitting diode, which is a two-lead semiconductor light source. These are utilized in a wide variety of applications that diverge from backlighting in electronic products likewise LCD TVs, laptops, and phones, as well as in street lighting and automotive lighting, and general illumination. This can be accredited to the better picture excellence offered by LEDs owing to their higher degree of power proficiency and brightness. The LED chip, also well-known as the die, represents the most indispensable and cost-intensive component of the LED. It is a critical aspect in determining the light quality. The chips have dissimilar ratings for illumination, wavelength and voltage. After installing the LED chip and passing current through an electrical source, a precise color of light is discharged, which is strong-minded by the dominant wavelength.

According to the report analysis, ‘Global LED Chip Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Nichia, Philips Lumileds, Cree, Toyoda Gosei, OSRAM, Epistar, Tyntek, Genesis Photonics, Lextar, Formosa Epitaxy, OPTO-TECH, Seoul, Semiconductor, Samsung, LG Innotek, San'an Opto, Changelight, Aucksun, ETI, Lattice Power, Tong Fang, HC SemiTek and several others are the key corporates which recently operating in the global LED chip industry more actively for leading the highest market growth and registering the great value of market share around the globe during the near future while improving the qualitative and quantitative measures of such, employing the young and active personnel, delivering the better consumer satisfaction, decreasing the associated prices of such, increasing the applications and benefits of such, analysing the strategies and policies of government and similar entities, implementing the policies of enlargement and profit making, spreading the awareness connected to the applications and features of such, and establishing the several research and development programs.

In addition, it is predicted that the Global LED Chip Market is presently exhibiting double-digit growth. Such lights are more energy-efficient in terms of power consumption and deliver the high luminous intensity. They utilize the electroluminescence to generate the light without producing the heat and convert electricity into energy with minimum wastage. Furthermore, such products have a longer lifespan as linked to incandescent bulbs, which further propels their requirement. However, with technological innovations and research and development, the price of manufacturing LEDs per kilolumen has deducted. This has proficiently decreased the average selling price (ASP) of LEDs, making them a favoured choice among consumers. Moreover, incentives delivered by governments across the globe to encourage the utilization of energy-efficient lighting is also elevating the requirement for LED products.

The organized corporates in the LED chip market are proficiently implementing the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition, and many more for developing the status globally, obtaining the competitive edge, generating the high percentage of revenue and ruling around the globe. Therefore, in the near years, it is predicted that the market of LED chip will increase around the globe more proficiently over the near future.

For More Information, refer to below link:-

Global LED Chip Market Analysis

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Pandemic Becomes a New Opportunity for Used Car Dealers in Thailand as New Car Sales Drop due to Buyer’s Limited Budget: Ken Research

 Key Findings

One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase.

Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups and auto portals present in Southeast Asia are entering the Thailand market or expanding their presence through mergers & acquisitions, seeing the industry’s potential.

One Ton Pickups have gained a significant share in the used cars market in the last five years as they are better aligned with the expectations of Thai consumers. This is mainly due to the reason that they can be used as passenger and commercial vehicle for transportation. Moreover, theses vehicle enjoy a tax rebate if registered as commercial vehicles.

Growth of Digital Platforms: Increasing internet and smart phone penetration in the country has resulted in large number of consumers preferring to buy and sell cars through online auto classifieds and social media. Auction Houses are also increasing their spending on online advertising and generating leads through these platforms. Data from Google Trends also indicates that the market has gained more attention. Searching for major second-hand car brands on the Internet increased in the past two years.

Unorganised dealers dominate the Sales Volume in the Market: Independent dealers (Car Tents) dominate the market due to large presence across the country. These dealers are also increasing their online presence by listing their inventory on their own website/Facebook account or platforms resulting in market growth. The players in the unorganized sector give strong preference to less-aged cars and popular brands with good resale value. Consequently, buyers have limited range of vehicle options to choose from.

Sluggish Growth Rate Due to First Car Buyer Program: From 2011 to 2012, the Thai government implemented the First-Time Buyer Program to encourage automobile consumption, which led to a rapid growth in automobile production and sales. However, by the end of 2017 the market was flooded with second hand cars after the end of program. This caused a decrease of 20%-25% in the price of used car thereby affecting the industry revenue.

Declining Used Car Sales Demand due to Covid-19: The demand for used cars decreased during the corona virus pandemic. This was due to low supply and also due to closure of OEM dealerships and Local Tents during lockdown. This was further fuelled by decrease in purchasing power which led to postponing of new and used car purchases. Also, Thailand has recently recovered from a political and economical instability which has led to a decline in supply. Apart from sales issues, used car companies experienced cash flow difficulties due to the fact that most of the banks were not repossessing cars. The demand for used cars in the country remained low at the starting of 2020, however there was increase in demand in the second half of the year post ease in confinement. Slow recovery is expected in 2021. The manufacturers are expected to shift focus towards digital medium in order to drive sales and increase customer footfall.

Analysts at Ken Research in their latest publication “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” observed that Thailand is a growing used car market in South East Asia and is slowly recovering from the economic crisis after pandemic. The increasing credit availability in the country along exemption in taxes is driving the growth of the industry. Increasing focus on promotional and marketing activities, new product launches, partnerships & collaborations are expected to drive the industry in the future. The Thailand Used Car Market is expected to grow at a CAGR of 7.3% on the basis of GTV over the forecast period 2020-2025.

Key Segments Covered

By Market Type

C2C

B2C/OEM organized

Multi Brand Organized Dealer

Multi Brand Unorganized Dealer

OEM Organized

Auction

By Car Segment

Hatchback

1 ton pickup

Sedan

MPV, HPV/Mini MPV

SUV

By Region

Bangkok

North East

North

South

East

West

By Kilometers Driven

Less than 20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Age of Buyers

20-30 Years

30-50 Years

Above 50 Years

By Source of Lead

Online (Social Media/Car Portals/Official Website)

Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

Toyota Sure Thailand

Honda Used Certified Thailand

Mitsubishi Diamond Used Car

Nissan Intelligence

Mercedes Certified

Volvo

Companies Covered (Online Portals)

ICar Asia (One2Car, Thaicar, Autospinn)

Carsome Thailand

Carro Thailand

Key Target Audience

Used Car Companies

OEMs

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Distributors Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2021-2025

Key Topics Covered in the Report

Executive Summary

Research Methodology

Thailand Used Car Market Overview

Thailand Used Car Market Size, 2014-2020

Thailand Used Car Market Segmentation, 2020

Growth Drivers in Thailand Used Car Market

Issues and Challenges in Thailand Used Car Market

Regulatory Framework

Snapshots on Used Car Financing

Snapshot on Auction Market

Snapshot on Used Bike Market

Ecosystem and Value Chain of Used Car Industry in Thailand

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2021-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

For More Information on the Research Report, refer to below links:-

Thailand Used Car Market

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Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)

Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Global Border Security Market estimate to grow effectively owing to speedy technological improvements: Ken Research

Border security is indispensable for safeguarding the country from intruders and illegal activities. Several systems that are demanded for border security are camera, radars, lasers, etc. supports for better surveillance facility and precise locations of the target. It supports to safeguard the citizens and keep them safe from any illegal activities and the military forces. There are several factors that are accountable for the growth of the border security market. The sudden augment of terrorist attacks and political conflicts is one foremost reason. Also, the augmenting uses of unmanned solutions are accommodating for better investigations by the defence and military in several countries are important factors.

According to the report analysis, ‘Global Border Security Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Airbus group, Boeing, Cobham, DRS Technologies, Northrop Grumman, Elbit Systems, FLIR Systems, General Atomics Systems, General Dynamics and several others are the foremost corporates which presently operating in the global border security industry more proficiently over the near future for leading the highest market growth and registering the great value of market share around the globe during the near future while establishing the several research and development programs, delivering the better consumer satisfaction, employing the young and active personnel, decreasing the connected prices, spreading the awareness connected to the benefits and applications of such, analysing the strategies and policies of government as well as corporates, implementing the policies of enlargement and profit making, increasing the applications and specifications of such, improving the qualitative and quantitative measures of such and establishing the several research and development programs.

By types, the market of border security is sectored into laser, radar, camera, wide band wireless communication, perimeter intrusion, unmanned vehicles, C2C and biometric systems. By applications, the market of border security is classified into ground, aerial and naval.

Moreover, there are several aspects that can affect the automated border control market. One of them is the deducting the budgets for the defence and military particularly by the US and other regions. Other than that, the limited policies and rules, and regulations by the government can distress the Global Border Security Market growth. However, foremost key players are trying to manage the regulation to manufacture proficient products. Developing regions in the Asia-Pacific region such as India and China are also aggressive the market towards growth. There are several key players that are improving new technologies for better surveillance and security systems for border fortification. However, North America also controls a proficient share in the border security market for speedy technological advancements. 

Although, the coronavirus pandemic has led to the declination of budgets by the governments for the advancement of health facilities. Owing to the outbreak, the economic situations of several countries were severely affected. Numerous manufacturing units were forced to shut down owing to shortage of supplies, skilled labour, and further supply. However, several companies are aiming upon technological developments in the automated border control that will revive the border security market. 

For More Information, refer to below link:-

Global Border Security Market Analysis

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Global Automotive Pedestrian Protection System Market Predict to augment significantly during reviewed duration: Ken Research

A pedestrian protection system is utilized to safeguard the pedestrians in the event of a sudden collision so that it leads to less damage. This system has sensors that are structured for detecting collisions with pedestrians and an airbag control unit that can initiation the actuators for lifting the engine hood. When the system is stimulated, the rear section of the bonnet gets elevated and the driver obtains an automatic alarm. Systems such as popup hood & speed airbags and flexible air tubes are utilized for pedestrian safety throughout the time of sudden accidents. The several systems majorly concentrate on safeguarding the pedestrians’ heads and limbs. Moreover, as per the core definition, the automotive pedestrian protection system industry is only contingent on the sales and latest modernization is done in active hoods and external airbags to save the pedestrian from the collision.

According to the report analysis, ‘Global Automotive Pedestrian Protection System Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Nissan, Volvo, Audi, Toyota, Ford, Honda, Mercedes Benz, BMW, Subaru, Denso, Delphi, Hitachi Automotive, Clarion, Valeo, Magna and several others are the foremost entities which recently functioning in the global automotive pedestrian protection system industry for leading the highest market growth and registering the great value of market share around the globe in the near future while increasing the applications and benefits of such, delivering the better consumer satisfaction, employing the young and active personnel, decreasing the linked prices of such, analysing the strategies and policies of entities and government, accepting the strategies of enlargement and profit making, establishing the several research and development programs, spreading the awareness connected to the benefits and features of such, and improving the qualitative and quantitative measures of such.

By types, the global automotive pedestrian protection system industry is classified into passive and active. By application, the global automotive pedestrian protection system industry is categorized into passenger vehicle and commercial vehicle.

The Global Automotive Pedestrian Protection System Market is propelled by rise in number of road accidents, high implementation rate of advanced emergency braking system & collision control system, and augment in demand for developed visibility and safety features in vehicles. Furthermore, the moving consumer preference to enhance propelling experience and rise in requirement for premium cars propel the growth of the automotive pedestrian protection system market. In addition, technological steps taken by giant entities for the development of safety features further boost the growth of the worldwide market. The market reviewed by considering all the propelling factors that propel equally to the automotive pedestrian protection system market report.

The organized and large corporates in the automotive pedestrian protection system market are significantly accepting the policies and strategies of enlargement such as partnership, new product development, merger and acquisition, joint venture, amalgamation and several other for generating the high percentage of revenue, ruling around the globe and obtaining the competitive edge. Therefore, in the near years, it is predicted that the market of automotive pedestrian protection system will increase around the globe more effectively over the forthcoming years.

For More Information, refer to below link:-

Global Automotive Pedestrian Protection System Market Analysis

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support@kenresearch.com

+91-9015378249

Global Community and Individual Services Market Research Report: Ken Research

 Western Europe was the largest region in the global community and individual services market, accounting for 44% of the market in 2019. Asia Pacific was the second largest region accounting for 29% of the global community and individual services market. Middle East was the smallest region in the Global Community and Individual Services Market.

Food banks are becoming popular and are adopting technologies and exploring alternatives to distribute food to people in temporary shelters, community centers and other low income group locations. Food banks are non-profit organizations that collect, store, and distribute food to those in need. Many food banks now have mobile food pantries or food trucks to deliver refrigerated and dry foods directly to people in schools and low-income and senior housing facilities.

The community and individual services market consists of the revenues from community and individual services and related goods by entities (organizations, sole traders and partnerships) that provide non-residential social assistance to children and youth, the elderly, persons with disabilities, and all other individuals and families or collect, prepare, and deliver food for the needy; provide short-term emergency shelter, temporary residential shelter, transitional housing, volunteer construction or repair of low-cost housing, and/or repair of homes for individuals or families in need; or provide food, shelter, clothing, medical relief, resettlement, and counseling to victims of domestic or international disasters or conflicts (e.g., wars).

The global community and individual services market is expected to grow from USD 1137 billion in 2019 to USD 1178.5 billion in 2020 at a compound annual growth rate (CAGR) of 3.7%. The low growth 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 8% from 2021 and reach USD 1490.2 billion in 2023.

For More Information, Click on the Link Below:-

Global Community and Individual Services Market

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+91-9015378249

Global Thin Clients Hardware Market Research Report and Analysis: Ken Research

The report forecast global Thin Clients in Hardware market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025.

The report offers detailed coverage of Thin Clients in Hardware industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Thin Clients in Hardware by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Thin Clients in Hardware market for 2015-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Oceania], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Thin Clients in Hardware according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Thin Clients in Hardware company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Global Market by company, Type, Application & Geography

Part 3-4:

Asia-Pacific Market by Type, Application & Geography

Part 5-6:

Europe Market by Type, Application & Geography

Part 7-8:

North America Market by Type, Application & Geography

Part 9-10:

South America Market by Type, Application & Geography

Part 11-12:

Middle East & Africa Market by Type, Application & Geography

Part 13:

Company information, Sales, Cost, Margin etc.

Part 14:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Oceania]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Dell(Wyse)

HP

NComputing

Centerm

Igel

Fujitsu?

Sun Microsy

VXL Technology

Start

GWI

Guoguang

Market by Type

Industrial Thin Clients

Enterprise Thin Clients

Market by Application

Finance & Insurance

Manufacturing

Logistics

Government

Education

Telecom

Others

For More Information, refer to below link:-

Global Thin Clients Hardware Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Global Furniture and Home Furnishings Stores Market Research Report: Ken Research

 North America was the largest region in the global furniture and home furnishings stores market, accounting for 34% of the market in 2019. Asia Pacific was the second largest region accounting for 33% of the global furniture and home furnishings stores market. Africa was the smallest region in the Global Furniture and Home Furnishings Stores Market.

In 2014, many e-commerce retailers started offline stores. Birchbox, an e-commerce store opened its first physical store in Soho, New York and companies like Bonobos and Warby Parker doubled the number of their brick and mortar stores in 2014. E-commerce retailers setting up offline stores are good news for brick and mortar concept because it validates the need for physical stores.

The furniture and home furnishings stores market consists of sales of furniture and home furnishings by entities (organizations, sole traders and partnerships) that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products.

The global furniture and home furnishings stores market is expected to decline from USD 408.3 billion in 2019 to USD 402.2 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%. 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 5% from 2021 and reach USD 459.4 billion in 2023.

For More Information, Click on the Link Below:-

Global Furniture and Home Furnishings Stores Market

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+91-9015378249