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Flourishing furniture industry worldwide, coupled with the rise in middle-class population across developing nations will continue to be key growth determinants for the playroom furniture market. Albeit the playroom furniture market presents the occupancy of few established stakeholders, a large number of domestic players collectively account for major shares of the market. This has further inhibited prospects of import penetration of playroom furniture, as local vendors of playroom furniture are first in the line to leverage potential opportunities by attracting consumers through their novel offerings. This, along with lower mass production of playroom furniture owing to rising trend of customization, will continue to constrain its market growth prospects.
Playroom Furniture Market: Significant Prospects for Playroom Furniture in European Countries
The report highlights that developed countries in Europe are expected to substantially contribute to the growth of playroom furniture market with sales increasing at a stellar pace during the period of assessment. Mostly dominated by small and medium size enterprises, Europe region is expected to reflect lucrative growth opportunities as manufacturers develop new designs in response to customer preference for quality products. Moreover, increasing preference for multifunctional and ready-to-assemble (RTA) furniture, given the design innovations, low cost and use of enhanced material composites, is expected to influence sales of playroom furniture in the region, making it an attractive market.
On the other hand, Asia Pacific excluding Japan (APEJ) region is also expected to showcase higher market attractiveness with increasing presence of manufacturers in the region, as emerging economies in APEJ have portrayed favorable business environment from manufacturing standpoint. In addition, given its lucrativeness, international players are tapping the region to launch new products and partner with local companies to extend their global footprint. Countries of India, China and Australia are showing higher inclination towards use of playroom furniture, which is likely to fuel the market’s growth in this region in the coming years.
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Playroom Furniture Market: Online Retailing of Playroom Furniture Gains Traction
Increasing consumer inclination towards online shopping owing to convenience factor and cost effectiveness has been a crucial aspect fuelling sales of playroom furniture. That said, manufacturers have adopted online sales channel as a vital sales funnel that can increase the visibility of their products. Moreover, domestic manufacturers of playroom furniture are opting online portals, for instance, the Trendsutra Platform Service Private Limited and Urban Ladder to highlight their products. Surging online platform is expected to present lucrative growth opportunities for playroom furniture market during the forecast period.
Playroom Furniture Market: Playroom Goes Woody
Wood has been adopted as a favorable material for manufacturing of furniture, as it can be easily disposed after the completion of lifecycle of the furniture. That said, wood as a natural material is widely adopted in playroom furniture manufacturing, not only on accord of its ease in disposal but also its high durability. Moreover, the natural lines and patterns on wooden playroom furniture makes them look aesthetically appealing. This has resulted in increased adoption of wood in playroom furniture as compared to other material including plastics, metal and fabrics.
Table of Content:
- Global Playroom Furniture Market – Executive Summary
- Global Playroom Furniture Market Outlook Overview
2.2. Market Definition
2.3. Scope of Report
2.4. Playroom Furniture Participation
2.5. Mega Trends
- Market Dynamics
3.1. Key Growth Drivers
3.2. Market Challenges
3.3. Industry Trends
3.4. Playroom Furniture Market Growth opportunities
3.5. Wheel of Fortune
- Associated Industry and Key Indicator Assessment
4.1. Supply Chain
4.2. Investment Feasibility Matrix
4.3. Porter’s Five Forces Analysis
4.4. PEST Analysis
4.5. Cost Structure Analysis
4.6. Forecast Scenario
4.7. Global Playroom Furniture Market – Price Point Analysis
4.7.1. Price Point Assessment by Product Type, 2017
- Global Playroom Furniture Market Historical Analysis (2013-2017) and Forecast Analysis (2018-2028)
5.1. Global Playroom Furniture Market Outlook
5.1.1. Global Market Value Forecast and Analysis
5.1.2. Regional Demand Assessment
126.96.36.199. Market Volume Share by Region
5.2. Global Playroom Furniture Market Revenue Analysis (US$ Mn) by Product Type, 2018-2028
5.2.1. Storage Cabinets
5.2.2. Table and Chair Sets
5.2.3. Play Furniture Sets
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