The global hotel furniture market is anticipated to grow at a significant CAGR of 3.6% during the forecast period (2022-2028). The global hotel furniture market is growing due to the changing demand for fine quality wood to use other materials, such as metals, textiles, and other eye-catching materials. The changing preference of the hotel and resorts as per customer choice and demand is generating opportunities for innovation in the market. The rising trend of interior designing and the craze for geometrical patterned backgrounds and furniture to suit the same interior is further boosting the growth of the market. The increasing tourist traffic globally and their choice of staying in luxury hotels and resorts are further boosting the growth of the global hotel furniture market in the forecast period.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In March 2022, Carnyx Group Ltd. announced the launch of a concept hotel curated using products from the high street brand, influenced by the social media platform’s annual trends report with the collaboration of Pinterest.
- In October 2020, Hotel Furniture announced the launch of an all-in-one, brand-approved platform that streamlines guest room design, brand submissions and approvals, orders, and deliveries, all designed to help hotels save time and money with renovations and new builds.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Bernhardt Furniture Co., Charter Furniture, Buhler Furniture, Bryan Ashley, DICKSON Furniture, and American Atelier, Inc., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hotel Furniture Market Report by Segment
By Type
- Table & Chairs
- Hotel Beds
- Hotel Case Goods
- Others
By Application
- Business Hotel
- Luxury Hotel
- Boutique Hotel
- Others
Global Hotel Furniture Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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