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The global metal furniture market size reached approximately USD 155.35 billion in 2023. The market is further projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of USD 232.64 billion by 2032.
Metal furniture refers to business and household items including chairs, sofas, tables, desks, and beds, among others that are made from different metals including stainless steel, brass, carbon steel, iron, and aluminium. The durability of metal furniture makes them more resilient to the wear and tear that they are subjected to because of regular utilisation.
On the basis of type, the market is segregated into chair, sofa, table, and bed, among others. Based on distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online, among others.
On the basis of application, the market is bifurcated into commercial and residential. Based on region, the metal furniture market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Speciality stores are expected to account for a significant metal furniture market share. The elevated shopping experience offered by speciality stores through the aid of unmatched customer service and an inviting ambience is supporting the segment growth. Speciality stores often carry more product offerings as opposed to their counterparts, drawing enthusiasts who are looking for specific furniture pieces. The availability of a wider range of products along with the presence of helpful and informative sales professionals is propelling the growth of speciality stores.
The Asia Pacific is expected to witness significant growth in the coming years. This growth can be attributed to the increasing population, rising urbanisation, and growth in number of nuclear families. The expansion of the commercial sector is the Asia Pacific is boosting the metal furniture market demand. The increase is the product requirement can also be attributed to the growth of the hospitality sector in the region owing to rising travel and tourism activities.
Inter IKEA Systems B.V., headquartered in Delft, Netherlands, is dedicated towards providing affordable, high quality, functional, and well-designed furniture for their customers. The company’s product portfolio comprises of storage products, cabinets, sofas, and tables, among others.
Steelcase Inc. is one of the leading manufacturers of seating, furniture, storage and portioning systems, and case goods for residential units, hospitals, offices, and classrooms, among others. Through critical design thinking and human-centred research, the company uncovers insights that allows them to deliver innovative designs.
Kimball International, Inc., headquartered in Indiana, United States, is a furniture and home furnishing manufacturing company that specialises in the production of hotel and hospitality, healthcare, education, and office furniture, among others. The company’s brand portfolio includes Kimball Hospitality and Interwoven, among others.
Other metal furniture market key players include MillerKnoll, Inc., Godrej & Boyce Manufacturing Company Limited, Simpli Home Ltd., CHYUAN CHERN Co Ltd., Dorel Industries Inc., Meco Corporation, and Oliver Metal Furniture, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distribution Channel |
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Breakup by Application |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 155.35 billion in 2023.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 232.64 billion by 2032.
The major market drivers include expansion of the hospitality sector and increased product availability across different distribution channels.
The key trends fuelling the growth of the market include rising availability of metal furniture with intricate designs and detailed patterns and increasing awareness about the various advantages associated with the utilisation of metal furniture.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant distribution channels include supermarkets and hypermarkets, speciality stores, and online, among others.
The key players in the market are Inter IKEA Systems B.V., Steelcase Inc., Kimball International, Inc., MillerKnoll, Inc., Godrej & Boyce Manufacturing Company Limited, Simpli Home Ltd., CHYUAN CHERN Co Ltd., Dorel Industries Inc., Meco Corporation, and Oliver Metal Furniture, among others.
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