Global Furniture Contract Manufacturing Market Research and Forecast, 2018-2023

Global furniture contract manufacturing market, size, share, market intelligence, company profiles, market trends, growth, insider, strategy, research and analysis report, forecast 2018-2023

Furniture contract manufacturers intend to provide customized furniture to their clientele. Furniture serves for storage, work, eating, sitting, lying down, sleeping and relaxing. Commercial, residential, government, healthcare among others are some of the major applications of furniture. Commercial furniture is developed to meet established industry standards. The institution named BIFMA (Business and Institutional Furniture Manufacturers Association) serves North American furniture manufacturers & suppliers and carries out the testing and a certification process of the furniture to be developed. They have developed voluntary safety and performance standards using the American National Standards Institute (ANSI) consensus process.

The key factors contributing to the growth of the global furniture contract manufacturing market include growing building and construction industry across the globe and an increase in the disposable income in emerging economies. In addition, rising demand for customized furniture is further escalating the market. However, contract manufacturing risks such as quality and supply concerns, stringent government policies regarding the usage of woods, and lack of a skilled workforce are the factors that hindering the market. Besides this, the development of multifunctional furniture is an opportunity for the market.

Browse full report at Global Furniture Contract Manufacturing Market

The global furniture contract manufacturing market is segmented on the basis of material types and end-user. On the basis of material types, the market is segregated into the wooden, metal, and others. Wooden furniture segment is expected to have the highest market share followed by metals furniture owing to high consumer preference of wooden furniture. Furthermore, the end-user segment is segmented into residential, commercial, government, healthcare and others.

The global furniture contract manufacturing market is further analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. North America holds a dominant position in the global furniture contract manufacturing market, followed by Europe. This is mainly rising adoption of manufacturing contracts in hospitality furniture and growing residential and commercial properties significantly contributing towards the market growth in the region. The Asia Pacific is projected to exhibit the fastest growth in the global furniture contract manufacturing market over the forecast period. This is due to the increase in disposable income.

Some of the key players operating in the global furniture contract manufacturing market are IKEA Systems BV, Baker Interior Group, Brodart Contract Furniture, Gilmore Furniture, Inc. Grand Rapids Chair Co. and others. In order to sustain in the competitive market, these players adopt various strategies such as acquisitions, mergers, expansions, joint ventures and product development for the growth of the market.

The report covers

• Comprehensive research methodology of global furniture contract manufacturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key                             recommendations.
• Analysis of regional regulations and other government policies impacting the global furniture contract       manufacturing market.
• Insights about market determinants which are stimulating the global furniture contract manufacturing         market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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