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Global Furniture Contract Manufacturing Industry
New Study On “Global Furniture Contract Manufacturing Market Share, Supply, Analysis and Forecast to 2023” Added to Wise Guy Reports Database
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The global furniture contract manufacturing market has been segmented in terms of type and applications.
By material types, the market segments into metal, wooden, and others. The wooden segment is anticipated to lead the market with the highest share percentage to its name over the forecast period due to the high preference of consumers for wooden furniture.
By end-user, the market includes government, residential, commercial, healthcare, and others.
The global furniture contract manufacturing market is moving at a notable pace and growth was identified to be influenced by a number of factors. The increasing disposable income of consumers across developing and emerging economies and the expanding construction and building industry across the globe are slated to be the biggest driving factors of the market. Additionally, increasing demand for customized and personalized furniture is accelerating the market growth. The development of multi-functional furniture is reported to be a major opportunity for the players to capitalize upon in the coming years. The report published in Orion Market Research Pvt. Ltd. on the global furniture contract manufacturing market revealed the growth to be at a notable pace.
However, risks associated with contract manufacturing risks like supply concerns and quality of the product, lack of proficient or skilled workforce, and the strict government policies concerning the usage of woods are expected to hamper the market growth.
The global furniture contract manufacturing market comprises a host of key players. This includes names like AFD Contract Furniture, Inc., Curtis Furniture Co., Baker Interior Group, Arcadia Contract, Cape Contract Furniture, Inc., Brodart Contract Furniture, Far East Sourcing International Ltd., Fairfield Chair Co., Davis Furniture, Fairlawn Tool, Inc., Grand Rapids Chair Co., Krueger International Inc., Global Furniture Group, Hickory Contract, Fuse Contract Furniture Ltd., IKEA Systems BV, Gilmore Furniture Inc., Pasquier Panel Products, Inc., iBal Designs, Metal Avenues, Morgan Contract Furniture Ltd., Levine Contract Furniture Group, Redline Contract Furniture, Madison Furniture Mfg., Inc., Noble Russell Ltd., Witley Jones Furniture Ltd., Moment Furniture NV
The global furniture contract manufacturing market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The regional analysis was done in an extensive manner to garner precise understanding about the geographical footprints of the market across the globe. The analysis revealed that the North America leads the global market for furniture contract manufacturing and is followed up by Europe. The growth and market position of the North American region is due to the increasing number of residential and commercial properties and the proliferating adoption rate of manufacturing contracts in hospitality furniture.
Elsewhere, the market in Asia Pacific is expected to gain fast-paced growth over the forecast period. The regional market is moving at a fast pace due to the rising disposable income of individuals herein. The European market for furniture contract manufacturing is set to stand firm in its second position in the global standings in the forthcoming years.
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