Market Overview:
The global furniture components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furniture from the commercial sector and rising disposable income of consumers in developing countries. In terms of type, drawer slides are expected to lead the market with a share of more than 30% by 2030. This is due to their growing demand in household applications across different regions. Hinges are also anticipated to witness high growth during the forecast period, owing to their increasing use in both household and commercial applications.
Product Definition:
Furniture components are the various pieces that make up a piece of furniture. These components can include things like legs, arms, backs, and seats. Furniture components are important because they help to create the overall look and feel of a piece of furniture. They also play an important role in its function, allowing it to be used for sitting, sleeping, or storage.
Drawer Slides:
The global drawer slides, also known as pullers or drawers, are used in furniture components such as dressers, chest of drawers and nightstands to provide ease of access while keeping the contents inside the closed compartments. The growth factor for this market is primarily attributed to growing demand from developing countries across the globe. Increasing disposable income coupled with changing lifestyles has led to a surge in demand for different varieties of furniture which include storage units with doors or drawers.
Hinges:
Hinges are the most important components of furniture. They have a major role to play in supporting and holding the various parts of furniture together. The hinges used in furniture are mainly classified into two types: metal and wooden. The selection depends on the material or construction of the hinge, for example, if it is made from wood then it can only be used with wooden pieces while if it is made from metal then it can be used with any material including plastic & wood.
Application Insights:
The household application segment accounted for the largest share of more than 50.0% in 2017. The growth can be attributed to increasing demand for furniture at affordable prices among emerging middle-class families in developing countries including India, China and Brazil. In addition, rising purchasing power of the working class is expected to fuel industry expansion over the forecast period.
Commercial application witnessed a significant rise in demand with a CAGR of XX% from 2018 to 2030 owing to an increase in renovation activities across various end-use industries including hospitality, healthcare.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from developing countries such as India, China, and Indonesia. Furthermore, rising disposable income coupled with a growing population has resulted in an increased number of residential construction projects which will fuel industry expansion further.
Europe accounted for more than 25% share of the overall revenue in 2017 owing to high acceptance among consumers for innovation and design features incorporated by manufacturers. Moreover, presence of prominent furniture manufacturing companies such as Dansk Design A/S; Arango S.L.; Hager Group; Vitra Design Museum; Massivit© Inglese SNC di Massimo Cinque e Pier Giorgio Frassetto will drive regional growth over the next eight years.
Growth Factors:
- Increasing demand from the construction sector for furniture components is expected to drive the market growth.
- Rising disposable income of consumers is anticipated to boost the demand for furniture components in the near future.
- Growing popularity of modular kitchens and wardrobes is projected to fuel the market growth over the forecast period.
- Proliferation of online retailing is likely to provide impetus to market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Furniture Components Market Research Report
By Type
Drawer Slides, Hinges, Knobs & Pulls
By Application
Household, Commercial
By Companies
Blum Inc, Hettich, ASSA ABLOY, Accuride, Hafele, GRASS, Taiming, Formenti & Giovenzana S.p(FGV), Allegion, Spectrum Brands Holdings (HHI), Salice, King Slide Works Co. Ltd, The J.G. Edelen, Yajie
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Furniture Components Market Report Segments:
The global Furniture Components market is segmented on the basis of:
Types
Drawer Slides, Hinges, Knobs & Pulls
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
Household, Commercial
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:
- Blum Inc
- Hettich
- ASSA ABLOY
- Accuride
- Hafele
- GRASS
- Taiming
- Formenti & Giovenzana S.p(FGV)
- Allegion
- Spectrum Brands Holdings (HHI)
- Salice
- King Slide Works Co. Ltd
- The J.G. Edelen
- Yajie
Highlights of The Furniture Components 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:
- Drawer Slides
- Hinges
- Knobs & Pulls
- By Application:
- Household
- Commercial
- 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 Furniture Components 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?
Furniture components are the individual parts that make up a piece of furniture. These parts can include wood, metal, plastic, and other materials.
Some of the key players operating in the furniture components market are Blum Inc, Hettich, ASSA ABLOY, Accuride, Hafele, GRASS, Taiming, Formenti & Giovenzana S.p(FGV), Allegion, Spectrum Brands Holdings (HHI), Salice, King Slide Works Co. Ltd, The J.G. Edelen, Yajie.
The furniture components 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 Furniture Components 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 Furniture Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furniture Components 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 Furniture Components 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 Furniture Components Market Size & Forecast, 2020-2028
4.5.1 Furniture Components Market Size and Y-o-Y Growth
4.5.2 Furniture Components 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 Drawer Slides
5.2.2 Hinges
5.2.3 Knobs & Pulls
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Furniture Components 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 Furniture Components 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 Drawer Slides
9.6.2 Hinges
9.6.3 Knobs & Pulls
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 Household
9.10.2 Commercial
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 Drawer Slides
10.6.2 Hinges
10.6.3 Knobs & Pulls
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 Household
10.10.2 Commercial
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 Drawer Slides
11.6.2 Hinges
11.6.3 Knobs & Pulls
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 Household
11.10.2 Commercial
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 Drawer Slides
12.6.2 Hinges
12.6.3 Knobs & Pulls
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 Household
12.10.2 Commercial
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 Drawer Slides
13.6.2 Hinges
13.6.3 Knobs & Pulls
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 Household
13.10.2 Commercial
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 Furniture Components Market: Competitive Dashboard
14.2 Global Furniture Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blum Inc
14.3.2 Hettich
14.3.3 ASSA ABLOY
14.3.4 Accuride
14.3.5 Hafele
14.3.6 GRASS
14.3.7 Taiming
14.3.8 Formenti & Giovenzana S.p(FGV)
14.3.9 Allegion
14.3.10 Spectrum Brands Holdings (HHI)
14.3.11 Salice
14.3.12 King Slide Works Co. Ltd
14.3.13 The J.G. Edelen
14.3.14 Yajie
