PLASTIC FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The Market is Segmented By Type (Kitchen Furniture, Living and Dining Room Furniture, Bathroom Furniture, Outdoor Furniture, and Others), By End-User (Residential, and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa)

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.5%

Key Players:

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Market Overview

Increasing demand for low-cost, lightweight, and durable plastic furniture in various end-use sectors is driving end-users to adopt plastic furniture instead of traditional, wooden or metal furniture.

  • Ongoing developments in engineered plastics and growing focus on recyclable plastics will remain instrumental in shaping the future of the plastic furniture market, opines the study.
  • The market gained momentum with development of high-performance plastic materials suitable for manufacturing durable plastic furniture.
  • Manufacturers will continue to launch innovative materials and designs of plastic furniture to capitalize on lucrative sales opportunities.
  • Small businesses are entering the plastic furniture market with an environmental conscience by launching new designs of plastic furniture made of recycled plastic, in order to capitalize on the growing consumer demand for eco-friendly products.

Scope of the Report

A complete background analysis of the Plastic Furniture Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report.

By Type
Kitchen Furniture
Living and Dining Room Furniture
Bathroom Furniture
Outdoor Furniture
Other
By End-User
Residential
Commercial
By Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
Others
Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Commercial End-Use Segment is Dominating the Market

The plastic furniture has been witnessing healthy growth with the commercial sector accounting for more than one-third share of the market revenues. However, with the increasing growth of the construction industry worldwide, especially in developing countries, the demand for plastic furniture is expected to surge significantly in the residential sector.

Increasing demand for wood and metal furniture in the commercial real estate is driving commercial buyers away from the plastic furniture market. Moreover, increasing discretionary spending and government incentives boosting developments in the residential construction projects are generating high sales potential for plastic furniture in the residential sector. Leading manufacturers in the plastic furniture market shifting their focus on residential buyers to unlock profitable growth opportunities in the coming future.

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Asia-Pacific is Anticipated to Grow at Highest Rate

The Asia Pacific is expected to grow at a significant growth in the global plastic furniture market due to rising disposable incomes, increasing awareness among the general population regarding its plastic furniture, India and China are the most dominated countries in the region. The market in Africa is expected to grow as a good rate in the plastic furniture industry. The Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

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Competitive Landscape

The report covers major international players operating in the Plastic Furniture Market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.

Major Players

  1. Keter Group
  2. Ashley Furniture Industries, Inc.
  3. IKEA
  4. Nilkamal Limited
  5. Berkshire Hathaway Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Plastic Furniture Market

    6. 4.6 Value Chain Analysis of the Plastic Furniture Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living and Dining Room Furniture

      3. 5.1.3 Bathroom Furniture

      4. 5.1.4 Outdoor Furniture

      5. 5.1.5 Other

    2. 5.2 By End-User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets & Hypermarkets

      2. 5.3.2 Specialty Stores

      3. 5.3.3 Online

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 COMPANY PROFILES

      1. 6.1.1 IKEA

      2. 6.1.2 Ashley Furniture Industries, Inc.

      3. 6.1.3 Keter Group

      4. 6.1.4 Vitra International AG

      5. 6.1.5 Cosmoplast Industrial Company L.L.C.

      6. 6.1.6 Berkshire Hathaway Inc.

      7. 6.1.7 Rooms To Go

      8. 6.1.8 Foliot Furniture

      9. 6.1.9 Nilkamal Limited

      10. 6.1.10 La-z-boy

      11. 6.1.11 Sleep Number

      12. 6.1.12 Telos Furniture*

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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