Global Household Furniture And Kitchen Cabinet Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The household furniture and kitchen cabinet market consists of sales of household furniture and kitchen cabinets by entities (organizations, sole traders and partnerships) that produce household furniture including furniture for kitchens, bedrooms and living rooms. This market includes built-in kitchen cabinets. The household furniture and kitchen cabinet is segmented into household furniture and kitchen cabinet.

Global Household Furniture And Kitchen Cabinet Market Size And Drivers:

The global household furniture and kitchen cabinet market is expected to grow from $282.6 billion in 2020 to $343 billion in 2021 at a compound annual growth rate (CAGR) of 21%. The market is expected to reach $426.7 billion in 2025 at a CAGR of 6%. Increasing demand for online shopping is expected to help the household furniture and kitchen cabinets market grow.

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Trends In The Global Household Furniture And Kitchen Cabinet Market

RTA furniture is gaining traction among homeowners and renters globally. This is primarily because RTA furniture is cheap and serves the purpose of quick furnishings. RTA furniture, also known as Knock Down furniture, is not assembled by the manufacturer, and is available in parts with instructions to assemble the piece of furniture. Already popular in developed countries, RTA furniture has been gaining traction in developing economies such as China and India. RTA furniture also benefits manufacturers by eliminating the assembly time and cost of manufacturing, which allows manufacturers to focus only on design and production of parts.

Global Household Furniture And Kitchen Cabinet Market Segments:
The global household furniture and kitchen cabinet market is further segmented based on type, type of material, distribution channel and geography.
By Type:Household Furniture, Kitchen Cabinet.
By Type of Material: Metal, Wood, Others.
By Distribution Channel: Online, Offline.
Subsegments Covered: Wooden Household Furniture, Metal Household Furniture, Plastic Household Furniture, Other Household Furniture.
By Geography:The global household furniture and kitchen cabinet market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global household furniture and kitchen cabinet market, accounting for 51% of the total market.

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Household Furniture And Kitchen Cabinet Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides household furniture and kitchen cabinet market overviews, analyzes and forecasts market size and growth for the global household furniture and kitchen cabinet market, household furniture and kitchen cabinet market share, household furniture and kitchen cabinet market players, household furniture and kitchen cabinet market segments and geographies, household furniture and kitchen cabinet market’s leading competitors’ revenues, profiles and market shares. The household furniture and kitchen cabinet market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.