Small space furniture typically include foldable beds, retractable and mounted tables, island kitchens, ottomans, foldable kitchens, compact coffee tables, wardrobes, portable book shelves and expanding tables to name a few. In today’s world, small space living has emerged as the new normal. As urbanization gathers momentum, the need for urban housing is surging rapidly. By 2050, over 6 billion people will reside in urban dwelling, with a major chunk of this population being concentrated in cities across the developing world.
Against this backdrop, the nature of housing is bound to undergo a metamorphosis. The trend of studio apartments and small-sized houses is already widespread in countries such as Japan and Singapore.
Consequently, the demand for small-space furniture has witnessed a major upsurge and will remain on a high pedestal during the 2020-2030 forecast.Small-space furniture is manufactured using a range of materials such as glass, wood, leather and plastic.
Most of this furniture is portable, thus making it easier to accommodate more space for navigation and movement within the house. Going further, small space furniture is also touted as a frontrunner of sustainable living.
Request Sample PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12332
Small Spaces Necessitate Smart Solutions- Credible Developments Underway to Design Smart Small Space Furniture
As apartment sizes shrink, the nature of furniture demanded is also shrinking. As a result, manufacturers are increasingly seeking to introduce solutions to address the problem of small spaces. Therefore, the concept of multifunctional furniture and transformable rooms have acquired precedence.
For instance, a table and chair can serve a dual function of offering seating while working or dining. When not using them, these tables and chairs can serve as a bookshelf or storage drawers as well.
With respect to transformable rooms, arrangements such as convertible beds and sofa are becoming increasingly common.
Also, modular couches are becoming highly popular. As space constraints increase, high demand for flexible furniture has bolstered demand for portable sofas, beds and dining furniture.
These add a high degree of versatility, permitting individuals to alter the room layout for different purposes. They also come in different designs, appealing to consumers’ aesthetic indulgences.
Wooden Furniture to Hold Sway across the Forecast Period, Steel Furniture Remains Most Preferred Option
Wood is anticipated to acquire major traction, generating substantial revenue throughout the upcoming decade’s forecast. Wooden furniture is extremely durable, requires minimum maintenance and prevents undesired deterioration through rot and decay.
They do so by secreting natural oils as effective barriers against external agents. Moreover, they impart antiquity to the house.However, steel furniture is anticipated to remain the dominant choice in terms of small space furniture material. High corrosion resistance and robustness are the key drivers behind its surging popularity.
Additionally, it imparts a modern outlook to the home environment. It is also very environmentally friendly as steel can be easily recycled.
Ask Your Query @ https://www.futuremarketinsights.com/ask-question/rep-gb-12332
Global Small Space Furniture Market- Competitive Landscape
The global small space furniture market is characterized by the presence of multiple players, rendering is highly competitive in nature. Some prominent players include IKEA, Walmart, Target Corporation, Crate & Barrel, HomeLane, Godrej Interio, Apt 2B, Joss & Main and Wooden Street among others.
These players are investing in providing small space solutions across different geographical regions. For instance, IKEA offers its kitchen island solution, comprising of four cabinets measuring 30 cm and 80 cm respectively, a custom-cut work top and a rolling trolley. This ensures that users have an enjoyable working experience as well as save space.
The company also offers smart bathroom-cum-laundry solutions in the form of stackable SORTERA bins and an adjustable drying rack in the shower or above the bathtub, thus eliminating the need to acquire a separate laundry spot. Other solutions involve a walk-in closet within a bedroom and an all-purpose living room.
On a similar plane, HomeLane offers the Kivaha 4-seater, Cayman and Altura coffee table sets which consist of compact seating stools which can easily fit under the table when not in use. The company also manufactures the Blaine wall mounted dining table, the Kowloon sofa cum bed and the Travis sofa cum bead.
Companies are also concentrating on forging collaborations with players from other verticals to offer diverse products to consumers. For instance, IKEA partnered with Adidas Group in 2018 to introduce a sports based home décor products line.
Market players are also leveraging the trend of environmental sustainability to manufacture low-cost eco-friendly products by avoiding the usage of toxic chemicals during the manufacturing process. For instance, Cisco Home offers eco-friendly seating, bedroom and lighting accessories and are FSC-certified.
Small Space Furniture Market- Prominent Players
- IKEA
- Crate & Barrel
- Wooden Street
- HomeLane
- West Elm
- Godrej Interio
- Resource Furniture
- Pottery Barn
- Ethan Allen
- Design Within Reach
- Apt 2B
- Etsy
- Joss & Main
- Walmart
- Urban Outfitters
- Target Corporation
Region/Country
- North America (US & Canada)
- Latin America (Brazil, Mexico & Rest of Latin America)
- Europe (EU-5, Russia, Poland & Rest of Europe)
- Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand & Rest of APAC)
- Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)
Report Highlights
- The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
- The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
- The report also maps the qualitative impact of various market factors on market segments and geographies.
Related Reports:
https://www.4shared.com/s/f2utwoX0viq
https://www.mediafire.com/file/33kk0mqn6a186wa/Web+Scraping+Software+Market+free.docx/file
https://www87.zippyshare.com/v/4DgH41jl/file.html
https://www.instapaper.com/read/1512972479
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs