Market Overview:
The global hospitality furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for luxurious and comfortable hotel rooms, globally. Additionally, the rising disposable income of consumers is also propelling the demand for hospitality furniture in various regions across the globe. The global hospitality furniture market by type is segmented into wooden furniture, leather & fabric furniture, metal furniture and others. Among these segments, wooden furniture held a dominant share in 2017 and is anticipated to maintain its lead throughout the forecast period 2018-2030. This can be attributed to its aesthetic appeal and durability which makes it suitable for use in high-end hotels.
Product Definition:
Hospitality furniture is furniture that is specifically designed for use in a hotel or other type of hospitality environment. It may be used in the guest rooms, in the lobby, or in other common areas. Hospitality furniture is typically designed to be both comfortable and stylish, and it can help create a welcoming and inviting atmosphere for guests.
Wooden Furniture:
Wooden furniture is used in hotels, restaurants and other public places for furnishing the interiors. The growth factor in the hospitality furniture market is driven by increasing demand from developing countries such as India, China and Brazil. Increasing disposable income coupled with changing lifestyles has led to an increase in spending on home furnishings which further propels wooden furniture industry growth.
Leather & Fabric Furniture:
Leather and fabric furniture are used in hospitality furniture market on account of their durability, aesthetic appeal, flexibility and low maintenance characteristics. The leather and fabric furnishing industry is expected to witness significant growth over the forecast period owing to increasing demand for sophisticated interior designs in hotels, restaurants as well as corporate offices.
Application Insights:
The full-service hotel segment dominated the global market in 2017, accounting for more than 45.0% share of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to an increase in demand for midscale and luxury hotels across various regions, including Asia Pacific and Middle East & Africa.
The extended-stay hotel application segment accounted for a revenue share of 34.9% in 2017 owing to increasing product demand from low-end hotels through midscale properties up to high-end luxury hotels at a global level. Demand can be affected by economic conditions, travel destinations, consumer preferences, etc.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the most lucrative markets for hospitality furniture as it has a high concentration of hotels and resorts. Moreover, rising demand for mid-scale and upscale hotels is expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for luxury and customized furniture in the hospitality sector
- Rising number of hotels, resorts, and restaurants across the globe
- Proliferation of budget hotel chains and restaurants
- Growing trend of home-sharing platforms such as Airbnb
- Increasing investments in the hospitality sector by private equity firms
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospitality Furniture Market Research Report
By Type
Wooden Furniture, Leather & Fabric Furniture, Metal Furniture, Others
By Application
Economy Hotel, Extended-Stay Hotel, Full-Service Hotel, Luxury Hotel, Others
By Companies
Louis Interiors, Artone, Bernhardt Furniture Company Inc, Charter Furniture, Buhler Hospitality, Bryan Ashley Inc, Dickson Furniture, AAI (American Atelier Inc), Matrix Hospitality Furniture, BSG, JSP-Industries, Maritime Hospitality, Luxury Hotel Furniture, Edgewood, Iteknia, Eurekka Hospitality
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hospitality Furniture Market Report Segments:
The global Hospitality Furniture market is segmented on the basis of:
Types
Wooden Furniture, Leather & Fabric Furniture, Metal Furniture, 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
Economy Hotel, Extended-Stay Hotel, Full-Service Hotel, Luxury Hotel, 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:
- Louis Interiors
- Artone
- Bernhardt Furniture Company Inc
- Charter Furniture
- Buhler Hospitality
- Bryan Ashley Inc
- Dickson Furniture
- AAI (American Atelier Inc)
- Matrix Hospitality Furniture
- BSG
- JSP-Industries
- Maritime Hospitality
- Luxury Hotel Furniture
- Edgewood
- Iteknia
- Eurekka Hospitality
Highlights of The Hospitality 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:
- Wooden Furniture
- Leather & Fabric Furniture
- Metal Furniture
- Others
- By Application:
- Economy Hotel
- Extended-Stay Hotel
- Full-Service Hotel
- Luxury Hotel
- 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 Hospitality 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?
Hospitality furniture is typically used in hotels, restaurants, and other places where guests are expected to stay. It includes items like chairs, tables, and beds.
Some of the key players operating in the hospitality furniture market are Louis Interiors, Artone, Bernhardt Furniture Company Inc, Charter Furniture, Buhler Hospitality, Bryan Ashley Inc, Dickson Furniture, AAI (American Atelier Inc), Matrix Hospitality Furniture, BSG, JSP-Industries, Maritime Hospitality, Luxury Hotel Furniture, Edgewood, Iteknia, Eurekka Hospitality.
The hospitality furniture market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hospitality Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hospitality Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hospitality Furniture Market - Supply Chain
4.5. Global Hospitality Furniture Market Forecast
4.5.1. Hospitality Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hospitality Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hospitality Furniture Market Absolute $ Opportunity
5. Global Hospitality Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hospitality Furniture Market Size and Volume Forecast by Type
5.3.1. Wooden Furniture
5.3.2. Leather & Fabric Furniture
5.3.3. Metal Furniture
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hospitality Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hospitality Furniture Market Size and Volume Forecast by Application
6.3.1. Economy Hotel
6.3.2. Extended-Stay Hotel
6.3.3. Full-Service Hotel
6.3.4. Luxury Hotel
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hospitality Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hospitality Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hospitality Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hospitality Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hospitality Furniture Demand Share Forecast, 2019-2026
9. North America Hospitality Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hospitality Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hospitality Furniture Market Size and Volume Forecast by Application
9.4.1. Economy Hotel
9.4.2. Extended-Stay Hotel
9.4.3. Full-Service Hotel
9.4.4. Luxury Hotel
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hospitality Furniture Market Size and Volume Forecast by Type
9.7.1. Wooden Furniture
9.7.2. Leather & Fabric Furniture
9.7.3. Metal Furniture
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hospitality Furniture Demand Share Forecast, 2019-2026
10. Latin America Hospitality Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hospitality Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hospitality Furniture Market Size and Volume Forecast by Application
10.4.1. Economy Hotel
10.4.2. Extended-Stay Hotel
10.4.3. Full-Service Hotel
10.4.4. Luxury Hotel
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hospitality Furniture Market Size and Volume Forecast by Type
10.7.1. Wooden Furniture
10.7.2. Leather & Fabric Furniture
10.7.3. Metal Furniture
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hospitality Furniture Demand Share Forecast, 2019-2026
11. Europe Hospitality Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hospitality Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hospitality Furniture Market Size and Volume Forecast by Application
11.4.1. Economy Hotel
11.4.2. Extended-Stay Hotel
11.4.3. Full-Service Hotel
11.4.4. Luxury Hotel
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hospitality Furniture Market Size and Volume Forecast by Type
11.7.1. Wooden Furniture
11.7.2. Leather & Fabric Furniture
11.7.3. Metal Furniture
11.7.4. Others
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hospitality Furniture Demand Share, 2019-2026
12. Asia Pacific Hospitality Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hospitality Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hospitality Furniture Market Size and Volume Forecast by Application
12.4.1. Economy Hotel
12.4.2. Extended-Stay Hotel
12.4.3. Full-Service Hotel
12.4.4. Luxury Hotel
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hospitality Furniture Market Size and Volume Forecast by Type
12.7.1. Wooden Furniture
12.7.2. Leather & Fabric Furniture
12.7.3. Metal Furniture
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hospitality Furniture Demand Share, 2019-2026
13. Middle East & Africa Hospitality Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hospitality Furniture Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hospitality Furniture Market Size and Volume Forecast by Application
13.4.1. Economy Hotel
13.4.2. Extended-Stay Hotel
13.4.3. Full-Service Hotel
13.4.4. Luxury Hotel
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hospitality Furniture Market Size and Volume Forecast by Type
13.7.1. Wooden Furniture
13.7.2. Leather & Fabric Furniture
13.7.3. Metal Furniture
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hospitality Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hospitality Furniture Market: Market Share Analysis
14.2. Hospitality Furniture Distributors and Customers
14.3. Hospitality Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Louis Interiors
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Artone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bernhardt Furniture Company Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Charter Furniture
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Buhler Hospitality
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bryan Ashley Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dickson Furniture
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AAI (American Atelier Inc)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Matrix Hospitality Furniture
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BSG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JSP-Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Maritime Hospitality
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Luxury Hotel Furniture
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Edgewood
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Iteknia
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Eurekka Hospitality
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
