Global “Contract Furniture and Furnishing Market in Europe Market” report offers a specified analysis of the different patterns and parameters affecting the development of the global Contract Furniture and Furnishing Market in Europe market. The report also delivers an assessment of the effect of the current patterns in the market including the other essential information about the market’s future development. The report comprises detailed information relating to the growth factors of the Contract Furniture and Furnishing Market in Europe market and also provides a forecast for the market growth.
Analysts forecast the global Contract Furniture and Furnishing Market in Europe Market to grow at a CAGR of almost 6% during the period 2019-2023. Contract Furniture and Furnishing Market in Europe Industry is the greatest segment of Contract Furniture and Furnishing Market in Europe applications, types with a share of 5.03% in 2018.
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About Contract Furniture and Furnishing Market in Europe Market:
Contract furniture is purchased under a written agreement, involving furniture manufacturers and end-users. Our contract furniture and furnishing market analysis considers sales from hospitality and food services, offices and home offices, retail stores, institutions and others. Our analysis also considers the sales of contract furniture and furnishing in Germany, France, the UK, and rest of Europe. In 2018, the hospitality and food services segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growth of different sectors under the hospitality and food services industries will play a significant role in the hospitality and food services segment to maintain its market position. Also, our global contract furniture and furnishing market report also looks at factors such as declining preference for buying new furniture, growing number of office spaces, growing demand for modern furniture in educational institutions. However, fluctuating labor cost and raw material prices and high transportation cost and freight loss, may hamper the growth of the contract furniture and furnishing industry over the forecast period.
The Top Contract Furniture and Furnishing Market in Europe Market Manufacturers/Key Players:
Market Segment by Regions, regional analysis covers
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Contract Furniture and Furnishing Market in Europe Market Research Report 2019-2023 provides Market characteristics, Opportunities, Development Factors, Segmentation analysis, Industry growth, sales, and Forecast 2023
Market Driver: growing demand for modern furniture in educational institutionsMarket Trend: increased introduction of smart furnitureMarket Challenge: fluctuating labor cost and raw material prices.Growing demand for modern furniture in educational institutionsEducational institutions such as schools, colleges, and universities are some of the major end-user of furniture and furnishing products. Educational institutions have limited financial budgets, which makes it a tough task for them to evolve frequently with modern furniture and furnishing products. Therefore, they prefer contract furniture and furnishing solutions over buying brand new furniture. In addition, the growing economy and increased focus on aesthetics have fueled the demand for modern furniture in schools across Europe. This demand for modern furniture is expected to grow rapidly due to the growing number of international schools with aesthetically-appealing learning centers. This will lead to the expansion of the global contract furniture and furnishing market at a CAGR of almost 6% during the forecast period.Increased introduction of smart furnitureThe concept of monitoring and controlling the furniture and furnishing products with smart devices is gaining popularity among end-users. Smart furniture offers the convenience of remote location operability through wireless technology operated by the use of the appropriate application on their smart devices. This development is expected to have a positive impact on the overall market growth.
Highlighted points of Market Report:
Some TOC Points Covered in this Contract Furniture and Furnishing Market in Europe Market Report are:
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 03: MARKET LANDSCAPE• Market ecosystem• Market characteristics• Market segmentation analysisPART 04: MARKET SIZING• Market definition• Market sizing 2018• Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSIS• Bargaining power of buyers• Bargaining power of suppliers• Threat of new entrants• Threat of substitutes• Threat of rivalry• Market conditionPART 06: MARKET SEGMENTATION BY PRODUCT• Market segmentation by product• Comparison by product• Major household appliances – Market size and forecast 2018-2023• Small household appliances – Market size and forecast 2018-2023• Market opportunity by productPART 07: CUSTOMER LANDSCAPEPART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL• Market segmentation by distribution channel• Comparison by distribution channel• Offline – Market size and forecast 2018-2023• Online – Market size and forecast 2018-2023• Market opportunity by distribution channelPART 09: GEOGRAPHIC LANDSCAPE• Geographic segmentation• Geographic comparison• APAC – Market size and forecast 2018-2023• EMEA – Market size and forecast 2018-2023• Americas – Market size and forecast 2018-2023• Key leading countries• Market opportunityPART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES• Market drivers• Market challengesPART 12: MARKET TRENDS• Increased adoption of multi-functional and advanced products• Growing adoption of smart household appliances• Increase in MandA and strategic alliance activities• Other trendsPART 13: VENDOR LANDSCAPE• Overview• Landscape disruption• Competitive scenarioPART 14: VENDOR ANALYSIS
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