PORTLAND, Ore., July 27, 2021 /PRNewswire/ — Allied Market Research recently published a report, titled, “Global Metal Furniture Market by Type (Bed, Sofa, Chair, Table, and Others), Application (Commercial and Residential), and Distribution Channel (Direct distribution, Supermarket/Hypermarket, Specialty Stores, and E-Commerce): Global Opportunity Analysis and Industry Forecast 2021–2028″. As per the report, the global metal furniture industry was pegged at $141,444.0 Million in 2020, and is expected to reach $191,734.0 million by 2028, growing at a CAGR of 3.9% from 2021 to 2028.

Major determinants of the market growth

Rise in consumer interest toward home décor, surge in the number of offices, and rapid growth of online retail platforms have boosted the growth of the global metal furniture market. However, rise in cost of raw materials hinders the market growth. On the contrary, rise in the standard of living owing to increase in disposable income and advent of customized furniture and technology are expected to create lucrative opportunities for the market players in the future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/11782

Covid-19 scenario:

  • The pandemic has severely affected the metal furniture business due to prolonged lockdown and temporary closure of manufacturing units. This led to loss in production and sales.
  • The prolonged lockdown resulted in delay in the construction of infrastructure. Moreover, as customers are more focused on health and safety, the demand for metal furniture has reduced.

The commercial segment to manifest the highest CAGR through 2028

By application, the residential segment held the lion’s share in 2020, accounting for more than half of the global metal furniture market, due to population growth, increase in number of nuclear families, and customization of furniture. However, the commercial segment is expected to register the highest CAGR of 3.9% during the forecast period, owing to rapid growth in the real estate industry and rise in the number of hotels, restraints, schools, homes, offices, and hospitals.

The specialty stores segment held the lion’s share

By distribution channel, the specialty stores segment dominated the market in 2020, contributing to nearly one-third of the global metal furniture market, as the specialty stores used to stock selective furniture in the store, which increased availability of furniture. However, the direct distribution segment is expected to register the highest CAGR of 3.8% during the forecast period, owing to direct interaction between manufacturer and customer reduces the risk of errors in in manufacture the metal furniture.

North America to portray the highest CAGR through 2028

By region, the global metal furniture market across North America is projected to portray the highest CAGR of 4.5% during the forecast period. Moreover, the market across Asia-Pacific held the largest share in 2020, accounting for nearly two-fifths of the market, due to increase in trend of home décor and presence of numerous manufactures.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/11782

Major market players

  • Cymax Group Inc.
  • Chyuan Chern Furniture Co., Ltd.
  • Godrej Furniture
  • DHP Furniture
  • Inter IKEA systems B.V.
  • Hillsdale Furniture
  • Oliver Metal Furniture
  • Meco Corporation
  • Simpli Home
  • Zinus

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Plastic Furniture Market: Global Opportunity Analysis and Industry Forecast 2021–2027

Pepper spray Market: Global Opportunity Analysis and Industry Forecast 2021–2028

Water Cooler Market: Global Opportunity Analysis and Industry Forecast 2021–2027

Bathtub Market: Global Opportunity Analysis and Industry Forecast 2021–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research