As per Technavio, the increasing number of strategic alliances and partnerships will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Furniture Market: Increasing Number of Strategic Alliances and Partnerships
Several vendors in the global furniture market are entering into strategic alliances and partnerships to enhance their operational efficiency. Such strategic alliances and acquisitions will also allow vendors to offer end-to-end furniture solutions, expand their range of services, and transform themselves into global lifestyle brands. Thus, the increasing number of strategic alliances and partnerships will fuel market growth over the forecast period.
Global Furniture Market: Segmentation Analysis
This market research report segments the global furniture market by product(home furniture, office furniture, and other commercial furniture) and geographical regions (North America, Europe, APAC, South America, and MEA).
APAC region led the market in 2018, followed by Europe, North America, South America, and MEA respectively. During the forecast period, APAC region is expected to maintain its dominance over the global market and register the highest incremental growth. This is due to the growing population and urbanization, and the increasing number of office spaces in emerging economies.
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Some of the key topics covered in the report include:
Five Forces Analysis
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