Dallas, Texas, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The global metal furniture market is growing as a result of increased technical improvements in furniture. Applications like augmented reality, 3D printing, the Internet of Things, and futons with Bluetooth speakers are some of these technological breakthroughs. Additionally, the global market for metal furniture is expanding due to the expansion of the real estate sector. The real estate market has a number of subcategories, including residential and commercial. Homes with frequently used furniture are included in the residential sector. Likewise, a rising standard of living, the popularity of home decor, and trends in interior and exterior design are anticipated to fuel the global metal furniture market expansion. Metal furniture is an important component of the ambiance and seating arrangements in commercial institutions. Restaurants, workplaces, hotels, and hospitals are examples of commercial institutions.
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Key Players Mentioned in the Global Metal Furniture Industry Research
- Herman Miller
- Urban Office
- Haworth
- HNI
- La-Z-Boy
- Knoll
- Global Furniture Group
- Kimball
- Humanscale
Accordingly, the rising demand for specialized and elaborately crafted metal furniture is favorably affecting the global metal furniture market expansion. Numerous technical developments, such as the introduction of digitally controlled furniture and smartphone applications that offer real-time and virtual interior design ideas, are propelling the market's expansion. Along with the expanding development of smart homes other facts such as customers' rising purchasing power and the accessible availability of products via e-commerce are projected to propel the market toward expansion. For better aesthetics in residential and business buildings, consumers frequently use furniture products equipped with metallic bench legs, handles, and drawers. Likewise, the tendency of consumers to replace worn-out furniture with fashionable and affordable furniture is promoting market expansion.
Metal Furniture Industry Analysis by Metal Type:
- Iron
- Carbon steel
- Aluminium
- Stainless steel
Decorative furniture made from metals like carbon steel, iron, stainless steel, and aluminum is referred to as metal furniture. Some of the frequently seen metal furniture pieces are beds, chairs, sofas, tables, and cabinets with metal frames. Typically, they are produced with distinctive, aesthetically pleasing designs that have improved comfort and durability. Sea-grass and bamboo are used to make metal furniture, which is also produced from recycled materials like salvaged wood and wood pallets. At a CAGR of 4.2% over the projected period, the global metal furniture market is anticipated to increase from USD 145.01 billion to USD 210.02 billion by 2030.
Metal Furniture Industry Analysis by Furniture Type:
- Furniture parts
- Hotel furniture
- Office/corporate furniture
- Domestic furniture
Metal Furniture Industry Analysis by Product Type:
- Sofa
- Chair
- Bed
- Tables
- Shelves
- Cupboards
- Other
Metal Furniture Industry Analysis by Distribution Structure:
- Distributor
- Wholesaler
- Retailer
Metal Furniture Industry Analysis by Applications:
- Industrial
- Commercial
- Residential
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The specialty stores segment held the biggest market share in 2021. Specialty shops sell a broad line and variety of a small selection of products. They arrange the top and finest brands of a particular product. The customer experience at specialty retailers is tailored. Customers enjoy the luxury of selecting the greatest products from specialist shops while also fulfilling their functional needs.
North American region accounted for a substantial percentage of the global market for metal furniture in 2021. The demand for acoustics products is expected to rise, modern offices are predicted to grow in number and demand for their customizable office furniture will rise, and there will be more comfortable upholstered lift chairs, stationary chairs, and recliners in countries like the United States, Canada, Mexico, Germany, and France. All of these factors are expected to contribute to a rapid growth in the market in North America and Europe. The demand for metal furniture is anticipated to increase in the near future as a result of these causes.
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