Global Hotel Furniture Market Sales, Revenue, Demand, Supplier, Type, Key Player
Posted by Deeksha on March 15th, 2019
The market for Hotel Furniture is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Hotel Furniture Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the Hotel Furniture sector is highlighted in the report which indicates a prosperous future.
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Hotel furniture is a series of moveable object, such as seating (e.g., chairs, stools, tables and sofas) and sleeping (e.g., beds), used in hotel room and public area. Hotel furniture can be a product of design and is considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or hotel theme. It is usual made from many materials, including metal, plastic, and wood.
Scope of the Report:
The technical barriers of hotel Furniture are relatively low, and the hotel Furniture market concentration degree is dispersed. The manufacturing bases scatter around the United Stated; the key companies in hotel furniture market include Ashley Furniture, Ashley Furniture, Rooms To Go, Global Group, Foliot Furniture, Mattress Firm, Williams-Sonoma, and others.
In the past few years, the raw material prices were relatively stable, and expected that the hotel furniture raw material price will be stable in the short term. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of hotel furniture. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in hotel furniture market will become more intense.
The worldwide market for Hotel Furniture is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 5130 million US$ in 2024, from 3960 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Hotel Furniture in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Rooms To Go
Gelaimei Hotel Furniture
Fulilai Hotel Furniture Co., Ltd
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Leather & Fabric Furniture
Market Segment by Applications, can be divided into
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Table of Contents
1 Market Overview
1.1 Hotel Furniture Introduction
1.2 Market Analysis by Type
1.2.1 Wooden Furniture
1.2.2 Leather & Fabric Furniture
1.2.3 Metal Furniture
1.3 Market Analysis by Applications
1.3.1 Economy Hotel
1.3.2 Extended-Stay Hotel
1.3.3 Full-Service Hotel
1.3.4 Luxury Hotel
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
220.127.116.11 United States Market States and Outlook (2014-2024)
18.104.22.168 Canada Market States and Outlook (2014-2024)
22.214.171.124 Mexico Market States and Outlook (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
To be continue@@