Living Room Furniture Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Sofas and Couches, Chairs and Tables, Others); Distribution Channel (Specialty Stores, Online Retail, Others) and Geography
Living room furniture primarily consists of wooden sofas, teapoy, TV Cupboards, wall-shelves, and etc. A living room is a room in a home that's used for entertaining friends, talking, reading, or watching television. A typical Western living room may contain furnishings such as a sofa, chairs, occasional tables, coffee tables, bookshelves, televisions, electric lamps, rugs, or other furniture.
The "Global Living Room Furniture Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the living room furniture market with detailed market segmentation by product type, distribution channel, and geography. The report provides key statistics on the market status of the leading living room furniture market players and offers key trends and opportunities in the market.
Based on product type, the global living room furniture market is segmented into sofas & couches, chairs and tables, and others.
Based on distribution channel, the global living room furniture market is segmented into specialty stores, online retail, and others.
MARKET DYNAMICS Drivers:
Growing living standards and increased urbanization.
Increasing disposable income.
Relatively higher price of the sofas and couches.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The living room furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the living room furniture market in these regions.
IMPACT OF COVID-19 ON LIVING ROOM FURNITURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
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The report covers key developments in the living room furniture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from living room furniture market are anticipated to lucrative growth opportunities in the future with the rising demand for living room furniture in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the living room furniture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Ashley Furniture Industries
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