Hospitality Furniture Market Type (Wooden Furniture, Leather & Fabric Furniture, Metal Furniture, Others) Application (Economy Hotel, Extended-stay Hotel, Full-service Hotel, Luxury Hotel, Others) Industry Vertical (Hotels & Restaurants, Public Places, Corporate Offices, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
|
A06986
|
Pages: NA
|
Sep 2020 |
42 Views
|
|
|
|
Author(s) :
NA
|
Tables: NA
|
Charts: NA
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Hospitality Furniture Market
Request Now !Hospitality furniture are fixtures used for commercial purpose in a hotel, restaurant or commercial areas where people tend to use more luxurious furniture. It is designed in a manner to resist wear and tear as they will be used for long period of time by many people and are expected to be more durable and of commercial grade quality to sustain longer period of time. The various hospitality furniture are sofas in lounge and hotel rooms, wardrobes, table and chair, luxurious beds, shoe rack, dressing table sets and other furniture used in these places. There has been a high demand for customized and themed furniture that suits the interiors of the building from the hotel owners and other hospitality furniture buyers. The growing demand related to customized and themed furniture has created opportunities for new players to enter the market.Â
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, Industry Vertical, and Region |
|
 Regions covered |
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
|
 Companies covered |
Louis Interiors, Artone, Bernhardt Furniture Company Inc., Charter Furniture, Buhler Hospitality., Bryan Ashley Inc, Dickson Furniture, AAI American Atelier Inc., Matrix Hospitality Furniture, BSG, JSP-Industries, Maritime Hospitality, Luxury Hotel Furniture, Edgewood, Iteknia, Eurekka Hospitality |
Â
COVID-19 Scenario Analysis:Â
- The current situation has made all the production process of hospitality furniture to halt as the major industry is based on labor power and there is unavailability of labor due to pandemic.Â
- The demand for hospitality furniture will be steady as there will be a major drop in tourism due to restrictions in international travelling and the outbreak of COVID-19.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in usage of hospitality furniture at lounges in airport, railway station and other commercial buildings and demand for hospitality furniture due to high durability and stability by hotels, restaurants, and resorts drive the growth of the global hospitality furniture market. In addition, the rise of tourism and craze of travelling worldwide has made the millennial go crazy about visiting new countries and exploring which has increased the demand of hotels and resorts hence increasing demand of hospitality furniture. However, the major constraints of the industry are the competition from local players who provide the furniture at lower price than the ongoing market scenario. Innovation in the industry is related to customized and themed furniture for different themes of hotels, airports, resorts and other commercial space.Â
The global hospitality furniture market trends are as follows:
New trend of Mix-Material for Bold looks
The global hospitality furniture demand has been changing from fine quality wood to use of other materials such as metals, textiles and other eye-catching materials. The hotel and resort owners are changing the preference as per customers demand of more attractive and photogenic furniture. This has made the manufacturers to design the furniture using a mixture of wood, textured textile and colorful metals. In addition, the craze of geometrical patterned background and furniture to suit the same interior are in high demand. Â
Surge in demand of Green Furniture
With the rise in pollution and environmental issues the travelers are now more concerned about the eco-friendly nature of their hotel owners and other things they use. This has become a reason the commercial and hospitality owners are demanding green furniture that are made using sustainable forest woods and have low-toxic materials that do not harm the nature. The market leaders have come up with different green furniture such chairs by Herman Miller are made up of fewer raw materials than regular chairs but the chair supports all the features of a normal chair.
Key Segments Covered:
|
          Segments |
                    Sub-segments |
|
 Type |
|
|
 Application |
|
|
 Industry Vertical |
|
Â
Key Benefits of the Report:
- This study presents the analytical depiction of the global hospitality furniture industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hospitality furniture market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global hospitality furniture market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global hospitality furniture market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions Answered in the Hospitality Furniture Market Research Report:
- What are the leading market players active in the hospitality furniture market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
REQUEST TOC/SAMPLE
Purchase Full Report of
Hospitality Furniture Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. Â T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.