Plastic Furniture Market Report Overview
The report looks at current and future circumstances in the Plastic Furniture Market, providing unique insights and up-to-date data for important segments. The study covers important research issues in the Plastic Furniture industry, such as revenue generation, sales, and total income. To provide a comprehensive view, the study examines two distinct scenarios that include the whole Plastic Furniture market, including expected Plastic Furniture sales during the forecast period.
Anticipated Growth in Revenue:
Plastic Furniture Market size is expected to grow at a CAGR of 7% during the forecast period. Global Plastic Furniture Market is expected to reach US$ 25.18 bn by 2029.
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Plastic Furniture Market Dynamics:
As the number of nuclear families has increased, so has the demand for portable and easy-to-move furniture in compact modular homes. This furniture is easy to mould, create, and shape to fit any application, and it is available in a wide range of sizes. The rising real estate and hospitality industries have created a demand for versatile, lightweight, flexible, and multi-functional furniture that is easily portable. These factors are boosting the plastic furniture industry.
Development of high-performance plastic polymers suitable for producing long-lasting plastic furniture. The advent of new materials and designs is increasing demand for plastic furniture.
Plastic Furniture Market Report Scope and Research Methodology:
The primary purpose of the Plastic Furniture market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Plastic Furniture market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Plastic Furniture market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Plastic Furniture market entrants. Furthermore, the global research for the Plastic Furniture market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.
Plastic Furniture Market Segmentation:
by Type
Kitchen
Living and Dining
Bathroom
Outdoor
by Distribution Channel
Online
Offline
by Application
Residential
Commercial
By application, the Residential segment dominated the market in 2022, accounting for 57%. The segment's market expansion is being driven by increasing demand from the medium-income population, a growing preference for playrooms, expanding urbanisation, soft and safe children's furniture, and a surge in demand for outdoor furniture. Increasing residential projects, the rise of the building sector, and government tenders for low- and middle-income housing societies are all driving market growth in plastic furniture.
The commercial segment is predicted to develop at a 5% CAGR over the projection period. Growing IT sectors, expanding office spaces, an increase in the restaurant and hotel business, and global tourism are all predicted to fuel demand for plastic furniture in commercial segments. Demand for plastic.
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Plastic Furniture Market Regional Insights:
North America dominated the market with a 27 % share in 2022. High-income population and developed IT industry and expanding offices are the factors driving the market growth of the region.
Asia Pacific is expected to grow at a CAGR of 12 % through the forecast period. Growing low-mid population, rise in households, and surge in IT sector, office spaces, etc. are the factors expected to drive the demand in the market. Growing residential infrastructure and the presence of leading manufacturers in countries like India, Japan, etc. are factors expected to drive the market growth of plastic furniture through the forecast period.
Plastic Furniture Market Key Players:
1. IKEA
2. UMA Plastics Limited
3. Patio Furniture Industries
4. Avon Furniture Factory L.L.C
5. Walmart
6. Ashley Furniture Industries, Inc.
7. Keter Group
8. Vitra International AG
9. Cosmoplast Industrial Company L.L.C.
10. Berkshire Hathaway Inc.
11. Foliot Furniture
12. Nilkamal Limited
13. La-z-boy
14. Sleep Number
15. Telos Furniture
16. Tramontina
17. Cello Wim Plast Ltd.
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Table of Content: Plastic Furniture Market
Part 01: Executive Summary
Part 02: Scope of the Plastic Furniture Market Report
Part 03: Plastic Furniture Market Landscape
Part 04: Plastic Furniture Market Sizing
Part 05: Plastic Furniture Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
Past Market Size and Competitive Landscape (2023-2029)
Past Pricing and price curve by region (2023-2029)
Market Size, Share, Size Forecast by different segment | 2024-2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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