(MENAFN- America News Hour)
Poland is the largest market in the Eastern area of Europe, and it is the third-largest supplier of furniture, after Germany and Italy. Home furniture forms an integral part of home décor and furnishings in the living rooms of consumers. The intensifying focus on decorating their living spaces with creative pieces of furniture innovative design is a key factor boosting the home furniture market. The growing need for shifting and settling down has led to an upsurge in the demand for home furniture. Increasing demand for smart furniture is also projected to contribute toward the growth of the home furniture market significantly.
The number of single- and two-person households has been increasing, resulting in the demand for small and portable furniture. Consumers have also been looking for furniture that is multi-purpose, foldable, and technology-driven, especially when it comes to living in smaller spaces. Factors such as growth in the residential construction market, rising internet penetration, the rising popularity of eco-friendly products, and lifestyle changes are contributing to the growth of the home furniture market.
Click Here to Download Sample Report
Key Market Trends
Increasing Disposable Income is Driving the Market
Poland's home furniture market is expected to grow at a rapid pace due to rising disposable income. An increase in disposable income has influenced the individual to spend more on a comfortable lifestyle, this in turn is expected to provide growth opportunities for the home furniture market. The rising disposable income of the population is believed to positively impact the growth of smart furniture. Further, changing the lifestyle of the people such as increasing preference for smart furniture is anticipated to intensify the growth of the home furniture market over the forecast period. Increase adoption of luxury furniture owing to increased disposable income is the major factor driving the growth of the market.
Living-Room and Dining-Room Furniture Segment
The segment includes furniture found in living rooms, parlors, lounges, lobbies, and dining rooms. Furniture in the house makes the living environment more comfortable. The rising purchasing power of households along with the change in lifestyle, as well as the increasing trend of purchasing the living and dining room furniture through an online channel, are expected to drive the growth of the market. The increasing demand for premium furniture is also one of the key drivers of the market. Factors, such as escalating real estate growth, increasing residential construction, and growing personal disposable income are anticipated to boost the living room and dining room furniture market over the forecast period.
Request For The Sample Report Here:
The report covers major international players operating in the Poland home furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
Request For Full Report poland home furniture market
About SDKI :
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.