Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by Infinium Global Research on the DIY furniture market provides an in-depth analysis of segments and sub-segments in the global as well as regional DIY furniture market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional DIY furniture market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global DIY furniture market. According to the report, the global DIY furniture market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Considering the wide range of products on the market, consumers need furniture for home décor. Customers needn't be concerned that they won't find the furniture they're looking for. Sometimes all it takes is knowing where to look or having the correct budget. However, some consumers choose to create their own furniture and accessories. Nowadays, DIY furniture is rather popular, and there are many excellent free tutorials and plans accessible on the internet. Making your own furniture at home can be an excellent method to cut costs on interior design while still producing beautiful results. DIY furniture is available in different types such as small wardrobes, tables, and others.
Consumers nowadays are focusing more on decorating their homes. Furniture is an important aspect of home decoration. The growing focus of consumers on home decoration can be attributed to a significant rise in the living standards of people around the world along with the growing level of income. DIY furniture has emerged as a great option for cutting down on costs associated with furniture and its installation services. DIY furniture also offers a fun way to spend time with each other. Thus, this has greatly impacted the demand for DIY furniture. The growing prominence of the e-commerce industry around the world has also greatly aided the growth of the market. Consumers are now able to buy DIY furniture more conveniently from the convenience of their homes without the need to travel to a furniture store. Additionally, consumers can compare DIY furniture from multiple brands on e-commerce websites and buy what suits them best. By analyzing the reviews on e-commerce websites, consumers can make better-informed decisions nowadays. Though, unfavorable government policies and regulations may hamper the growth of the market. New opportunities are expected to arise as there new products with multi-functionality are being developed.
The covid-19 pandemic was one of the worst global catastrophes the world has seen over the past hundred years. The covid-19 pandemic was deadly in its effect and spanned the world. This pandemic not only shocked the global healthcare system but also the world economy as a whole. Many markets were badly impacted. The DIY furniture market has mostly negative effects with some positive impacts. Most of the Furniture stores were closed as which affected the accessibility to DIY furniture as people were unable to visit stores and buy them. Furthermore, their production was also halted. The only positive outcome of the pandemic was that people started to focus on home décor as they had more leisure time.
Asia-Pacific is anticipated to dominate the market in terms of revenue. Traditionally furniture plays a crucial role in the home décor of developing countries such as India and China as well as developed countries such as Japan. The standard of living is growing rapidly in countries such as India and China. As a result, people are paying more attention to their homes and actively buying the best items such as furniture best suitable for their requirements. Furthermore, local players are also growing rapidly and offer DIY furniture at low prices as compared to western brands. North America is also expected to behold a considerable share in revenue owing to the wide demand for DIY furniture and large retail chains.
The report on the global DIY furniture market covers segments such as type, application, and distributional channel. On the basis of type, the sub-markets include wood, metal, glass, plastic, and others. On the basis of application, the sub-markets include commercial, and residential. On the basis of distributional channel, the sub-markets include offline, and online.
The report provides profiles of the companies in the market such as Inter IKEA Group, HNI Corporation, Herman Miller, Inc., Ashley Furniture Industries, Inc., Okamura Corporation, Steelcase Inc., Wipro Furniture, Kinnarps AB, KOKUYO CO., LTD., and Williams-Sonoma, Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the DIY furniture market. Moreover, the study highlights current market
trends and provides forecast from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings insight into
the market share of the leading players.
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