The Global Household Furniture And Kitchen Cabinet Market Is Valued At Nearly

Posted by praneeth on July 19th, 2018

The household furniture and kitchen cabinet manufacturing market comprises of all the firms which are engaged in producing household furniture including furniture for kitchen, bedroom and living room.

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The market is valued at nearly USD 210 billion in 2017 due to the rising demand for household and office furniture globally.

In the report, the global household furniture and kitchen cabinet market is divided into two segments. Household furniture occupies more than nine-tenth of the market whereas, the remaining one-tenth is occupied by the kitchen cabinet segment.

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China was the largest country in the household furniture and kitchen cabinet manufacturing market in 2017, accounting for nearly one-fourth of the market share. This can be mainly attributed to increasing disposable income of consumers and growing urbanization in China. The USA and Germany followed China as the next largest countries in the market.

The household furniture and kitchen cabinet manufacturing market is fragmented with a number of small organizations. The top five competitors in the market made up almost one-fourth of the total market share in 2017. IKEA AB was the largest competitor of the market, followed by Ashley Furniture Industries Inc., Leggett & Platt, La-Z-Boy and Man Wah Holdings Limited. IKEA AB is a Swedish multinational group of companies that is involved in the design, manufacture and sale of home accessories, appliances and ready-to-assemble furniture. The company is headquartered in Netherlands and employs around 183000 people.

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