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| A07061 | Pages: NA | Aug 2021 | 1031 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Diy Furnitures Market
Request Now !"Do it yourself" ("DIY") is the technique of constructing, upgrading, or fixing items without any of the direct assistance of professionals or experts. To build the DIY furniture products one has to get basic upholstery and carpentry skills. DIY furnitures are used to create multifunctional interiors with a spacious and luxurious look. DIY furniture kits in different size, material, and price are sold in the market. DIY furniture product comes in metal, wood, glass, and other materials. DIY furnitures are easy to repair and come with unique designs.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Type, Application, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), North America (US, Canada and Mexico)[RS1] |
Companies covered | Herman Miller, Kokuyo, Williams-Sonoma, Godrej & Boyce, Global Upholstery, HNI, IKEA, Creative Wood, Kinnarps, Wipro Furniture, Steelcase, AFC Systems, Okamura, Ashley Furniture Industries, Steelcase |
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Rise in disposable income enhances the purchasing power of the people living in the Asia-Pacific countries. People are spending more than before on luxury, comfort, and lifestyle products. This changing spending behavior of consumers and rise in purchasing power increases the demand for DIY furniture products.
Changes in lifestyle and increase in modern home renovation also support the growth of DIY furniture market. Availability of modern home renovation influence people to have an outdoor garden and galleries at their home for which they buy outdoor DIY furnitures to enhance the aesthetic beauty of their home. Rapid globalization and urbanization is the another growth driver of DIY furniture market. Increase in urbanization has led to the rise in standard of living.
The global DYI Furniture market trends are as follows:
Creative DIY furniture products may experience rapid increase in demand due to technological advances. Expansion of e-commerce spaces with appealing websites and product offerings are the factors expected to boost the growth of the market. The emergence of e-commerce platform and the wide usage of online shopping site are expected to give traction to the DIY furniture market.
Not many people know about the DIY furnitures. This lack of awareness hampers the growth of the market. Moreover, the cost associated with maintenance of DIY furniture is very high. This is another factor that limits the growth of the market.
Key Segments Covered:
Segments | Sub-segments |
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Key Benefits of the Report:
Questions Answered in the DYI Furnitures Market Research Report:
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