Global Restaurant Furniture Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Restaurant Furniture Market.
Companies Mentioned are IKEA Systems, Herman Miller, Homecrest Outdoor Living, Forever Patio, American Signature, Ashley Furniture Industries, Haverty Furniture, Kimball International, MUEBLES PIC�, Nella Vetrina, Otto (Crate & Barrel), Scavolini, and Steinhoff International
The global Restaurant Furniture market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
Major points covered in Global Restaurant Furniture Market 2017 Research are:-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Restaurant Furniture market?
- What are the key market trends impacting the growth of the global Restaurant Furniture market?
- What are the challenges to market growth?
- Who are the key vendors in the global Restaurant Furniture market?
- What are the market opportunities and threats faced by the vendors in the global Restaurant Furniture market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global Restaurant Furniture market?
This independent 80 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Restaurant Furniture market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Restaurant Furniture in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
MIR Announces the Publication of its Research Report – Global Restaurant Furniture Market 2017-2021
MIR recognizes the following companies as the key players in the global restaurant furniture market: Inter IKEA Systems, Herman Miller, Homecrest Outdoor Living and Forever Patio
Other Prominent Vendors in the market are: American Signature, Ashley Furniture Industries, Haverty Furniture, Kimball International, MUEBLES PICÓ, Nella Vetrina, Otto (Crate & Barrel), Scavolini, and Steinhoff International
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is Greater use of eco-friendly furniture. The awareness of eco-friendly and green furniture, especially in the Americas and Europe, has increased. It is also being witnessed among the consumers of developing countries such as China. Consumers are currently showing more preference toward eco-friendly restaurant furniture such as those made of Moso bamboo, which is harder and more durable than other materials. These materials allow designers to obtain an aesthetic look for their products.”
According to the report, one of the major drivers for this market is Growing millennial population and pub culture. There has been a constant evolution in restaurant and pub culture, mostly due to the increase in the millennial population who frequently visit such places. Pubs and restaurants cater to changing consumer preferences and lifestyle choices. Millennials are health conscious and interested in gourmet and good quality cuisine and beverages. They prefer going to pubs where the ambiance is unique and has an aesthetic appeal. Most pubs these days are theme based, which attract the millennial generation. The increase in the number of pubs will drive the growth of the restaurant furniture market.
Further, the report states that one of the major factors hindering the growth of this market is Long product replacement cycle. Consumers purchase restaurant furniture usually when setting up a restaurant, cafe, or pub. Nowadays, modern interior design trends play a vital role in the purchase decisions of customers. Most restaurant furnishings, especially restaurant furniture, are meant for long-term use and generally do not require frequent replacement. Also, most restaurant furniture products are expensive and are considered to be a one-time expenditure by consumers. Branded restaurant furniture and furnishing products are durable and of superior quality. Consumers only need to take care of maintenance and cleaning costs over the years, which is very less. As consumers do not buy these frequently, marketers find it difficult to build brand loyalty. This reduces the need for frequent purchase of restaurant furniture, which is one of the major challenges for the restaurant furniture market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The report provides a basic overview of the Restaurant Furniture industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Restaurant Furniture industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Restaurant Furniture on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Restaurant Furniture Market and assist manufacturers and investment organization to better grasp the development course of Restaurant Furniture Market.