LAMEA Metal Furniture Market By Application (Residential and Commercial), By Type (Bed, Chair, Sofa, Table and Others), By Distribution Channel (Specialty Stores, E-Commerce, Supermarket/Hypermarket and Direct distribution), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Metal Furniture Market would witness market growth of 10.9% CAGR during the forecast period (2021-2027).
Metal is more durable than other materials, and can last a lifetime if maintained properly. In comparison to metal, other materials such as wood, plastic, fabric, and leather furnishings are far more delicate. Metal furniture is significantly more resistant to ordinary wear and tear, which is one of the primary reasons boosting its demand among the customers. Metal is considerably harder, stronger, and heavier than other types of furniture, such as wood and plastics, and this makes it highly durable.
As compared to the wood furniture, metal furniture is better as they don’t get spoiled due to bugs. Metal furniture is easy to clean but there are some places where bugs can hide but this furniture is still better than wood ones. Metal furnishings are an easy surface to treat and clean pesticides. On the other hand, there is no evidence that metal furnishings are less attractive when compared to wood furniture.
The increasing urbanization among various nations of the region is among the key aspects fuelling the growth of the metal furniture market in this region. In addition, people are increasingly spending on the interior or décor of their homes, which would open new growth opportunities for the key players of the metal furniture market.
Moreover, the expanding real-estate sector of this region is creating lucrative opportunities for metal furniture manufacturers. Governments of this region are increasing their focus on developing a strong real-estate industry, which would augment the growth of the regional market. In addition, the high investment of the governments in the tourism, education, and healthcare sector would spur the growth of the regional metal furniture market over the forecast period.
The Residential market dominated the South Africa Metal Furniture Market by Application in 2020, thereby, achieving a market value of $2,290.4 million by 2027. The Commercial market is expected to witness a CAGR of 11.9% during (2021-2027).
Based on Application, the market is segmented into Residential and Commercial. Based on Type, the market is segmented into Bed, Chair, Sofa, Table and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, E-Commerce, Supermarket/Hypermarket and Direct distribution. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Metal Furniture Market is Predict to reach $266.7 Billion by 2027, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Godrej Group, Dorel Industries, Inc. (Dorel Home Products Furniture), Inter IKEA Systems B.V., Chyuan Chern Furniture Co., Ltd., Meco Corporation (Unaka Corporation), Hillsdale Furniture, Simpli Home, Oliver Metal Furniture, and Zinus, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Specialty Stores
- Direct distribution
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Godrej Group
- Dorel Industries, Inc. (Dorel Home Products Furniture)
- Inter IKEA Systems B.V.
- Chyuan Chern Furniture Co., Ltd.
- Meco Corporation (Unaka Corporation)
- Hillsdale Furniture
- Simpli Home
- Oliver Metal Furniture
- Zinus, Inc.
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