Jul 30, 2021 (The Expresswire) -- Global “ Contract Furniture and Furnishing Market in Europe Market ” research report presents a comprehensive overview of market share, trends, growth opportunities, historical and futuristic data, key manufacturers, grooming regions, and countries. Major factors that are boosting the growth of the market, and provides in-detailed information of global industry with market dynamics such as internal and external driving forces, restraining factors, risks, challenges, threats, and opportunities. Also, global leading players are profiled with their revenue, market share, profit margin, major product portfolio, and SWOT analysis.
Global Contract Furniture and Furnishing Market in Europe market size is estimated to grow at a CAGR of almost 6% during the forecast period 2021-2023.
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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 research analysts provide an extensive description of the value chain and its distributor analysis. This market study provides a comprehensive analysis that enhances the industry growth, scope, and application of this report. It also includes information on market drivers that could impact the market’s growth. The report provides an analysis of the technological expenditure in the Contract Furniture and Furnishing Market in Europe market over the forecast period. This gives you a unique insight into the global Contract Furniture and Furnishing Market in Europe market for several segments. Additionally, the global Contract Furniture and Furnishing Market in Europe Market Report helps consumers identify market opportunities and threats. This report provides the most up-to-date Contract Furniture and Furnishing Market in Europe market forecast for the period.
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Major Key Players of Global Contract Furniture and Furnishing Market in Europe Market:
● Haworth Inc. ● Herman Miller Inc. ● Kinnarps AB ● Knoll Inc. ● and Steelcase Inc.
Global Contract Furniture and Furnishing Market in Europe Market Overview:
growing demand for modern furniture in educational institutions
Market Trend: increased introduction of smart furniture
Market Challenge: fluctuating labor cost and raw material prices.
Growing demand for modern furniture in educational institutions
Educational 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 furniture
The 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.
Impact of COVID-19:
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The Primary Objectives of Contract Furniture and Furnishing Market in Europe Market Report Are:
The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The report also focuses on global major leading industry players of the Global Contract Furniture and Furnishing Market in Europe market providing information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.
The Contract Furniture and Furnishing Market in Europe market has been created based on an in-depth market analysis with inputs from industry experts. The report covers the growth prospects over the coming years and a discussion of the key vendors. The reports contain an overview and review of the leading companies operating in the industry that are considered to be revenue-driving for the market.
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