The household
furniture and kitchen cabinet manufacturing market comprises of all the firms
which are engaged in producing household furniture including furniture for
kitchen, bedroom and living room.
The market is
valued at nearly $210 billion in 2017 due to the rising demand for household
and office furniture globally.
In the report,
the global household furniture and kitchen cabinet market is divided into two
segments. Household furniture occupies more than nine-tenth of the market
whereas, the remaining one-tenth is occupied by the kitchen cabinet segment.
China was the
largest country in the household furniture and kitchen cabinet manufacturing
market in 2017, accounting for nearly one-fourth of the market share. This can
be mainly attributed to increasing disposable income of consumers and growing
urbanization in China. The USA and Germany followed China as the next largest
countries in the market.
The household
furniture and kitchen cabinet manufacturing market is fragmented with a number
of small organizations. The top five competitors in the market made up almost
one-fourth of the total market share in 2017. IKEA AB was the largest
competitor of the market, followed by Ashley Furniture Industries Inc., Leggett
& Platt, La-Z-Boy and Man Wah Holdings Limited. IKEA AB is a Swedish
multinational group of companies that is involved in the design, manufacture
and sale of home accessories, appliances and ready-to-assemble furniture. The
company is headquartered in Netherlands and employs around 183000 people.
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