Hotel Furniture Market Report 2019 Foresees the Market to reach USD 4.8 BN by 2026
Posted On October 01, 2020
The report by Value Market Research on the Global Hotel Furniture Market anticipates the market growth to reach CAGR of 3.5% during 2020-2026. The market was valued close to USD 3.8 BN in 2019 and is expected to reach USD 4.8 BN by 2026. The booming hospitality and tourism industry will be the foremost contributor to the hotel furniture market. The rising trend of frequent official traveling among business people and entrepreneurs will be a market booster. Significant improvement in the energy sector, transportation costs, employee wages, and depreciation of equipment costs will play an essential role in promoting the hotel furniture market. Process improvements, technological innovations, equipment upgrades will further propel market growth by reducing costs and improving quality. This market's main hindrances will be the cost of raw materials, labor, and production.
Hotel furniture includes moveable objects found in the hotel room and other public areas. When choosing furniture, the hotel's size and its rooms and the type of guests expected are considered. A hotel is furnished with beds, side tables, shelving units, comfortable seats in resting areas, polyvalent furniture in the salons, and hospitality tables and chairs. The quality of the furniture plays a significant role in the ambiance and reputation of a hotel. Outdated furniture can tarnish the image of a hotel. The furniture's various characteristics that play a substantial role in guests' satisfaction are comfort, functionality, style, design, warmth, size, and practicality. Hotel furniture can be made of metal, plastic, or wood.
The report “Global Hotel Furniture Market Report By Product (Wooden Furniture, Leather And Fabric Furniture, Metal Furniture, Other), By Application (Economy Hotel, Luxury Hotel, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of Product the market is segmented into Wooden Furniture, Leather and Fabric Furniture, Metal Furniture, Other. By Application the hotel furniture market is categorised as Economy Hotel, Luxury Hotel, Other. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global Hotel Furniture Market -
- Wooden Furniture
- Leather and Fabric Furniture
- Metal Furniture
- Economy Hotel
- Luxury Hotel
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Ashley Furniture, Rooms To Go, Foliot Furniture, Mattress Firm, Williams-Sonoma, LE-AL Asia, Hmart Limited, Berkshire Hathaway, Laz Boy, American Signature, Others.
Download the FREE SAMPLE of Global Hotel Furniture Market Research Report
About Value Market Research -
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information. Our analysts’ team is well equipped with all research tools and techniques and hold deep knowledge of the industry they are working for.
We ensure intellectual, precise and quality data is delivered to our client. We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
Value Market Research
401/402, TFM, Nagras Road, Aundh, Pune-7.
Email: [email protected]