The Furniture
Industry across the globe is at a maturity stage, whereas, in UAE in
the recent past, the industry of the furniture was adversely hit owing to a
recession in the real estate segment and reduction in the oil prices. The
people living in UAE economy were observed to augment their expenditure towards
the renovating homes on the things namely kitchens, furniture, bathrooms, and
flooring and are investing in the greater quality products. In Abu Dhabi and
Dubai economy, there are expatriates which instigates from more than 170
nationalities, hence advancing a capabilities market for all varieties of the
furniture.
Foremost raw materials that are demanded in
the introduction of the furniture products involve MDF and solid wood. Several
other contributions involve fittings and finishing materials. Mainstream of the
furniture producing factories in UAE home furniture market are well-appointed
with cut saw, table saw, jointer-planer, band saw, drill press, sharper,
router, boring machine and hot press. Such equipment are effectively utilized
for the semi-mechanized introduction which has become the norm in wooden
furniture producing.
It was witnessed that the requirement for wide
end luxury furniture items has augmented over the years. The Furniture products
which necessitate substantial fabric and leather work were more favored by the
people of the respective economy. However, across Australia, based on the type
of office furniture, the workstation furniture registered the office furniture
market based on the consumer spending followed by the office table, office
chair and office storage. The office/commercial furniture space is government
by the players concentrating in designing, producing and supplying
prefabricated furniture for the schools, offices, government institutions, and
aged care.
The sales for the furniture in Australia have
been registered by the offline retail outlets, franchisee outlets, exclusive
stores and showrooms of the producers and foremost players functioning in the
space. The online players challenge the unbending competition from the brick a
mortar outlets all around the region, which suggested a broad type of the items
at the competitive cost. Mainstream of the corporates selling through the an
online platform had at least one offline store and are yet to dominate the
effective traffic and item orders with the online channel across the globe.
The international corporates are majorly
aiming on growing their number of stores as they desire to reach out the
foremost substantial consumers and augment the walks-ins in the stores.
Corporates are aiming on enlarging their governance positions that can be
linked to the consumers at anytime anywhere and rise the client observations.
Moreover, the growth in the domestic as well export requirement of the
furniture products is predicted to result in the global market growth. Since
the tourism based observations namely hotels, museums, restaurants and leisure
service delivers face increasing requirements to advanced their amenities, the
requirement for the exceptional furniture items is projected to increase more
actively. Beginning of more number of stores by corporates in the dissimilar
positions and augment in the product listing will also foster the growth of the
global furniture market. Therefore, in the coming years, it is anticipated that
the market of global furniture will increase more positively over the near
future.
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Ken Research
Ankur Gupta, Head Marketing &
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