Furniture Market Witnesses Emergence of Herman Miller Inc., and Inter IKEA Holding BV as Key Vendors | Technavio
NEW YORK , June 29, 2021 |PRNewswire| -- Technavio has been monitoring the furniture market, operating under the consumer discretionary industry. The latest report on the furniture market, 2021-2025 estimates it to register an incremental growth of USD 134.70 bn, at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio''s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- post-COVID-19 analysis. Download Free Sample The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Furniture Market Witnesses Emergence of Herman Miller Inc., and Inter IKEA Holding BV as Key Vendors | Technavio
NEW YORK , June 29, 2021 |PRNewswire| -- Technavio has been monitoring the furniture market, operating under the consumer discretionary industry. The latest report on the furniture market, 2021-2025 estimates it to register an incremental growth of USD 134.70 bn, at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio''s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- post-COVID-19 analysis. Download Free Sample The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.