Market Overview:
The global contract furniture market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for contract furniture from residential, office, hotel, restaurant, bar and other applications across the globe. Additionally, rising disposable income and growing urbanization are also propelling the demand for contract furniture in various regions across the globe. The chairs segment is expected to hold a dominant position in the global contract furniture market during the forecast period owing to its wide applicability in various end-use industries such as residential, office and hospitality sectors. The tables segment is also anticipated to witness significant growth during the forecast period on account of increasing demand from restaurants and bars applications globally.
Product Definition:
Contract Furniture is furniture that is designed for use in public or commercial spaces. It is often made from durable materials that can withstand heavy use. Contract Furniture is important because it can help create a functional and comfortable space for people to work or relax in.
Chairs:
Chairs are used in offices, restaurants, hotels and other public areas on a contractual basis. The growth factor for chairs is dependent on the usage of the space it occupies. For instance; if a small office occupant requires only office furniture then there is no need to purchase expensive chairs as they serve no purpose.
Tables:
Tables are used in contract furniture market for serving food and beverages to a group of people. They are available in different sizes, shapes and can be found at every price range. The most important factor that influences the tables' demand is their function or purpose. For instance, small round tables with four chairs would be ideal for an office setting whereas large rectangular ones might be more suitable for a restaurant-style setting.
Application Insights:
The residential application segment led the global contract furniture market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization, which has created a demand for comfortable houses with proper furnishing including chairs and sofas. Moreover, rising disposable income levels coupled with growing population has resulted in increased production of home dĩcor products such as carpets, rugs and cushion covers which is expected to drive the product demand further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing business process outsourcing in countries, such as India and China. Furthermore, rising number of corporate offices in countries like China and India are driving the demand for contract furniture over the forecast period. Moreover, growing tourism industry will also drive growth through this region’s key markets including Thailand, Malaysia and Singapore among others.
North America was valued at USD X million in 2017 owing to presence of a large number of global players operating within U.S., Canada and Mexico offering high quality products at competitive prices along with favorable government policies promoting domestic manufacturing activities that support small businesses within respective economies have been encouraging investors toward establishing their base here over past few years which is further anticipated to boost market growth during the forecast period – 208 8%.
Growth Factors:
- Increasing demand from the hospitality and healthcare sectors
- Rising disposable income of consumers
- Proliferation of online retailing platforms
- Growing popularity of co-working spaces
- Emergence of new design trends
Scope Of The Report
Report Attributes
Report Details
Report Title
Contract Furniture Market Research Report
By Type
Chairs, Tables, Sofas, Others
By Application
Residential, Offices, Hotels, Restaurants, Bars, Parks, Hospital, Education, Others
By Companies
Ashley, IKEA, Copeland, Masco, Badcock, Baker, Glenarbor, Cheese Kingdom, Giorgi Bros, Lexington, Ashley, Henredon, Christopher Guy, HHG, Stanley, Kindel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Contract Furniture Market Report Segments:
The global Contract Furniture market is segmented on the basis of:
Types
Chairs, Tables, Sofas, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Offices, Hotels, Restaurants, Bars, Parks, Hospital, Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashley
- IKEA
- Copeland
- Masco
- Badcock
- Baker
- Glenarbor
- Cheese Kingdom
- Giorgi Bros
- Lexington
- Ashley
- Henredon
- Christopher Guy
- HHG
- Stanley
- Kindel
Highlights of The Contract Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chairs
- Tables
- Sofas
- Others
- By Application:
- Residential
- Offices
- Hotels
- Restaurants
- Bars
- Parks
- Hospital
- Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contract Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contract furniture is furniture that is made to order, typically for a short period of time. This type of furniture can be more expensive than traditional furniture, but it may be worth the extra expense because it is often more unique and customizable.
Some of the major players in the contract furniture market are Ashley, IKEA, Copeland, Masco, Badcock, Baker, Glenarbor, Cheese Kingdom, Giorgi Bros, Lexington, Ashley, Henredon, Christopher Guy, HHG, Stanley, Kindel.
The contract furniture market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contract Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Contract Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contract Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Contract Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Contract Furniture Market Size & Forecast, 2020-2028
4.5.1 Contract Furniture Market Size and Y-o-Y Growth
4.5.2 Contract Furniture Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chairs
5.2.2 Tables
5.2.3 Sofas
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Offices
6.2.3 Hotels
6.2.4 Restaurants
6.2.5 Bars
6.2.6 Parks
6.2.7 Hospital
6.2.8 Education
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contract Furniture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Contract Furniture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chairs
9.6.2 Tables
9.6.3 Sofas
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Offices
9.10.3 Hotels
9.10.4 Restaurants
9.10.5 Bars
9.10.6 Parks
9.10.7 Hospital
9.10.8 Education
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chairs
10.6.2 Tables
10.6.3 Sofas
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Offices
10.10.3 Hotels
10.10.4 Restaurants
10.10.5 Bars
10.10.6 Parks
10.10.7 Hospital
10.10.8 Education
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chairs
11.6.2 Tables
11.6.3 Sofas
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Offices
11.10.3 Hotels
11.10.4 Restaurants
11.10.5 Bars
11.10.6 Parks
11.10.7 Hospital
11.10.8 Education
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chairs
12.6.2 Tables
12.6.3 Sofas
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Offices
12.10.3 Hotels
12.10.4 Restaurants
12.10.5 Bars
12.10.6 Parks
12.10.7 Hospital
12.10.8 Education
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chairs
13.6.2 Tables
13.6.3 Sofas
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Offices
13.10.3 Hotels
13.10.4 Restaurants
13.10.5 Bars
13.10.6 Parks
13.10.7 Hospital
13.10.8 Education
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Contract Furniture Market: Competitive Dashboard
14.2 Global Contract Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ashley
14.3.2 IKEA
14.3.3 Copeland
14.3.4 Masco
14.3.5 Badcock
14.3.6 Baker
14.3.7 Glenarbor
14.3.8 Cheese Kingdom
14.3.9 Giorgi Bros
14.3.10 Lexington
14.3.11 Ashley
14.3.12 Henredon
14.3.13 Christopher Guy
14.3.14 HHG
14.3.15 Stanley
14.3.16 Kindel
