The global furniture market size was USD 475.4 billion in 2020. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”
Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth
The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe.
List of Key Players Covered in the Furniture Market Report
- Harman Miller Inc. (Michigan, U.S.)
- Steelcase Inc. (Michigan, U.S.)
- HNI Corporation (Lowa, U.S.)
- Ashley Furniture Industries Inc. (Wisconsin, U.S.)
- Duff & Phelps, LLC. (New York, U.S.)
- Global Furniture USA (New Jersey, U.S.)
- ZouYou (Shenzhen, China)
- P & C ArteMobili SA (Nova Prata, Brazil)
- Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
- DEDON GmbH (Luneburg, Germany)
- Dare Studio (Worthing, England)
Drivers and Restraints
Customers with Incapacity and Health Concerns to Augur Market Growth
This has created a necessity for the product.
North America is holding the leading electric toothbrush market share, with a size of USD 1.04 billion in 2020.
What does the Report Include?
The market for Europe paper towel report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
Rising Participation of Women Workers to Aid Market Growth
According to the European Commission, in 2019, around 41% of the European Parliament seats were held by women. This is believed to be a record percentage in the history of the European region. The rising participation of women labor force, along with high disposable income is leading to increased demand for the Europe paper towel products such as sanitary paper towels. Additionally, the rapid-paced urbanization and industrialization activities are likely to contribute to the Europe paper towel market growth in the forthcoming years.
Rolled Paper Towel Segment Held 56.60% Market Share in 2019
The rolled paper towel segment, based on product type, is expected to showcase significant growth owing to its cost-effectiveness and large preference by the residential consumers. The segment held a market share of about 56.60% in 2019.
Germany to Remain Dominant; Presence of Established Players to Promote Growth
Among all countries, Germany is expected to remain at the forefront and hold the highest position in the European paper towel market during the forecast period. This is ascribable to factors such as the presence of established companies such as Mannheim GmbH, Paper + Design GmbH Tabletop, Georgia Pacific Steinfurt GmbH, and others that are focusing on innovations in European paper towel products. The country stood at USD 1.00 billion in 2019.
The market in the U.K. is anticipated to experience exponential growth backed by the rising infrastructural facilities that are driving the demand for hotels and restaurants leading to the broader availability in the Europe paper towel essentials between 2020 and 2027.
Product Type, End-User, and Region Are Studied
In terms of region, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Procurements Instigated by Vital Companies to Endorse Market Growth
One such effective approach is procuring competitive companies and fortifying a profit for both the involved companies.
The report offers valuable insights obtained by thorough study done by our researchers. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth
Asia Pacific to Hold Dominant Position in the Market through 2028
Asia Pacific market was worth USD 223.9 billion in 2020.
March 2021: Colgate and Philips announced their partnership to offer oral advantage of electric toothbrush in South America.
- North America
- Asia Pacific
- South America
- Middle East and Africa
Collaborations among Corporations to Safeguard Their Brand Values in Global Market
One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Based on product, the market is classified into hair care products and hair styling tools. The hair care products segment includes shampoos, hair growth products, hair treatment products, colorants, and others.
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Germany to Witness Strong Demand for Premium-Quality Products
Germany is slated to dominate the Europe hair care products & styling tools market share over 2021-2028. In 2020, the regional market value stood at USD 364.46 million. The country is one of the leading importers of raw materials for haircare and cosmetics products. Growing demand for luxury products with natural ingredients is a key trend across Germany.
The U.K. will experience rapid growth in the forthcoming years led by rising consumer attraction toward organic beauty products.
The company used the new K-Advance Plus professional motor for effective performances. The Parlux ALYON red edition is available in two versions, Standard (with two nozzles) and Pack Parlux ALYON + MagicSense.
Key Industry Development
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