The global storage and modular furniture market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for space-saving furniture, growing population, and rising disposable income in developing economies.
The tables segment accounted for the largest share of the global storage and modular furniture market in 2017, followed by sofas segment. The tables segment is expected to maintain its dominance throughout the forecast period due to its wide range of applications across various industries such as hospitality industry, healthcare industry, education sector etc, which are driving demand for this product type globally.
Some Of The Growth Factors Of This Market:
- The global population is increasing, which means that there are more people to buy furniture.
- The cost of living is increasing, which means that people need to save money by buying cheaper furniture.
- There are more and more people who live in urban areas, which means that they need to store their belongings in a smaller space than those who live in rural areas do.
- People are becoming increasingly aware of the environmental impact of their purchases and want to buy sustainable products, such as modular furniture made from recycled materials or wood from sustainably managed forests; this has led to an increase in demand for modular furniture made from sustainable materials such as bamboo or corkboard instead of plastic or metal frames with particle board panels and polyurethane foam cushions covered with fabric or leather upholstery.
- Furniture retailers have been expanding into new markets outside the United States because they see potential for growth there.
Industry Growth Insights published a new data on “Storage and Modular Furniture Market”. The research report is titled “Storage and Modular Furniture Market research by Types (Tables, Sofas, Cabinets, Beds, Chairs, Others), By Applications (Household, Office Application, Other), By Players/Companies USM Modular Furniture, Crate and Barrel, Kimball International, Bene, Quama, Martela, Herman Miller, Knoll, KI, Haworth, HNI Corporation, Okamura, Kokuyo, Fursys, ITOKI, Aurora, Steelcase, Global Furniture Group, Teknion, Ahrend, SUNON, BYWAYINDIA, Krishna Office Furniture Systems, DM Modular, AFC SYSTEMS, Yash Modular Furniture”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Storage and Modular Furniture Market Research Report
By Type
Tables, Sofas, Cabinets, Beds, Chairs, Others
By Application
Household, Office Application, Other
By Companies
USM Modular Furniture, Crate and Barrel, Kimball International, Bene, Quama, Martela, Herman Miller, Knoll, KI, Haworth, HNI Corporation, Okamura, Kokuyo, Fursys, ITOKI, Aurora, Steelcase, Global Furniture Group, Teknion, Ahrend, SUNON, BYWAYINDIA, Krishna Office Furniture Systems, DM Modular, AFC SYSTEMS, Yash Modular Furniture
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Storage and Modular Furniture Market Report Segments:
The global Storage and Modular Furniture market is segmented on the basis of:
Types
Tables, Sofas, Cabinets, Beds, Chairs, 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
Household, Office Application, Other
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:
- USM Modular Furniture
- Crate and Barrel
- Kimball International
- Bene
- Quama
- Martela
- Herman Miller
- Knoll
- KI
- Haworth
- HNI Corporation
- Okamura
- Kokuyo
- Fursys
- ITOKI
- Aurora
- Steelcase
- Global Furniture Group
- Teknion
- Ahrend
- SUNON
- BYWAYINDIA
- Krishna Office Furniture Systems
- DM Modular
- AFC SYSTEMS
- Yash Modular Furniture
Highlights of The Storage and Modular 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:
- Tables
- Sofas
- Cabinets
- Beds
- Chairs
- Others
- By Application:
- Household
- Office Application
- Other
- 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 Storage and Modular 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
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- 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?
Storage and modular furniture are two different things. Storage is furniture that can be used to store items like clothes, blankets, or toys. Modular furniture is a type of furniture that can be rearranged to create different looks in a room.
Some of the key players operating in the storage and modular furniture market are USM Modular Furniture, Crate and Barrel, Kimball International, Bene, Quama, Martela, Herman Miller, Knoll, KI, Haworth, HNI Corporation, Okamura, Kokuyo, Fursys, ITOKI, Aurora, Steelcase, Global Furniture Group, Teknion, Ahrend, SUNON, BYWAYINDIA, Krishna Office Furniture Systems, DM Modular, AFC SYSTEMS, Yash Modular Furniture.
The storage and modular furniture market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Storage and Modular 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. Storage and Modular Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Storage and Modular Furniture Market - Supply Chain
4.5. Global Storage and Modular Furniture Market Forecast
4.5.1. Storage and Modular Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Storage and Modular Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Storage and Modular Furniture Market Absolute $ Opportunity
5. Global Storage and Modular 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. Storage and Modular Furniture Market Size and Volume Forecast by Type
5.3.1. Tables
5.3.2. Sofas
5.3.3. Cabinets
5.3.4. Beds
5.3.5. Chairs
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Storage and Modular 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. Storage and Modular Furniture Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Office Application
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Storage and Modular 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. Storage and Modular 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 Storage and Modular 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. Storage and Modular 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 Storage and Modular Furniture Demand Share Forecast, 2019-2026
9. North America Storage and Modular 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 Storage and Modular 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 Storage and Modular Furniture Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Office Application
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Storage and Modular Furniture Market Size and Volume Forecast by Type
9.7.1. Tables
9.7.2. Sofas
9.7.3. Cabinets
9.7.4. Beds
9.7.5. Chairs
9.7.6. 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 Storage and Modular Furniture Demand Share Forecast, 2019-2026
10. Latin America Storage and Modular 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 Storage and Modular 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 Storage and Modular Furniture Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Office Application
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Storage and Modular Furniture Market Size and Volume Forecast by Type
10.7.1. Tables
10.7.2. Sofas
10.7.3. Cabinets
10.7.4. Beds
10.7.5. Chairs
10.7.6. 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 Storage and Modular Furniture Demand Share Forecast, 2019-2026
11. Europe Storage and Modular 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 Storage and Modular 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 Storage and Modular Furniture Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Office Application
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Storage and Modular Furniture Market Size and Volume Forecast by Type
11.7.1. Tables
11.7.2. Sofas
11.7.3. Cabinets
11.7.4. Beds
11.7.5. Chairs
11.7.6. Others
11.8. Basis Point 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 Storage and Modular Furniture Demand Share, 2019-2026
12. Asia Pacific Storage and Modular 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 Storage and Modular 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 Storage and Modular Furniture Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Office Application
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Storage and Modular Furniture Market Size and Volume Forecast by Type
12.7.1. Tables
12.7.2. Sofas
12.7.3. Cabinets
12.7.4. Beds
12.7.5. Chairs
12.7.6. 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 Storage and Modular Furniture Demand Share, 2019-2026
13. Middle East & Africa Storage and Modular 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 Storage and Modular 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 Storage and Modular Furniture Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Office Application
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Storage and Modular Furniture Market Size and Volume Forecast by Type
13.7.1. Tables
13.7.2. Sofas
13.7.3. Cabinets
13.7.4. Beds
13.7.5. Chairs
13.7.6. 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 Storage and Modular Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Storage and Modular Furniture Market: Market Share Analysis
14.2. Storage and Modular Furniture Distributors and Customers
14.3. Storage and Modular Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. USM Modular Furniture
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Crate and Barrel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kimball International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bene
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quama
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Martela
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Herman Miller
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Knoll
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Haworth
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HNI Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Okamura
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kokuyo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fursys
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ITOKI
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Aurora
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Steelcase
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Global Furniture Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Teknion
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ahrend
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
