Philippines Furniture Market Outlook to 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research announced its latest publication on “Philippines Furniture Market by Type (Home – Bed Room, Living Room, Dining Room, Kitchen Furniture; Office; Hotel & Industrial), by Sales (Domestic and Export) – Outlook to 2021” provides a comprehensive analysis of the furniture market in Philippines. The report focuses on the home furniture product segments of the industry. The report covers aspects such as furniture market by its key segments including end users, major cities, organized and unorganized sectors. It also covers the home furniture market by its product categories including bedroom (Bed, Wardrobe, Dressing Table and Others), living room (Sofa, Sofa cum bed, Television, Coffee Table and Center Table), dining room and kitchen, online furniture market, children furniture, mattress market by size of mattress (King, Queen, Single), by type of mattress (Spring, Foam and others). The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their product portfolio. The reports also provides in depth case studies for setting up modular kitchen and home furniture in Philippines. Furthermore, the report includes snapshot on the online furniture market. The future analysis of overall Philippines Furniture Market has also been discussed along with recommendations from analyst view. Philippines Furniture Market The furniture market of Philippines witnessed growth at a CAGR of 16.7% during the period 2012-2016. Rise in number of furniture manufacturers and retail outlets largely contributed to the growth in market revenues. Furthermore, rise in urbanization generated increased demand for furniture from residential, hotels, office and industrial sectors during the period. Over ~ furniture manufacturers directly employed over ~ workers, with another ~ being indirectly employed. Additionally, increasing awareness among the customers about online sales and e-commerce portals for furniture along with the expansion in services of e-retailers including Lorenz Furniture has also been a significant factor which has positively impacted Philippines furniture market during recent years. Philippines Furniture Market Segmentation By End Users: Retailers existing in the space catered to the varied requirements across all categories of end users. The growing middle class population in Philippines coupled with increasing GDP of the country boosted the demand for residential property. Growing demand for housing structures was the major reason behind the augmented demand for furniture in the country. Home furniture therefore dominated the overall Philippines furniture market in 2016, followed by office, hotel and industrial sector. By Product Categories in Home Furniture: There has been a rapid growth in real estate sector due to the demand for residential property in the country. Bedroom furniture was the highest selling product category in home furniture segment as of 2016, followed by living room furniture, kitchen furniture, dining room furniture and all other home furniture. By Organized and Unorganized Sector: Unorganized sector dominated the market, in terms of number of manufacturers, and about 3,720 unorganized furniture companies operated in the country in 2016. Abundance of raw materials and availability of cheap, skilled labor has led to the growth of the Philippines furniture market. Lower cost of production by using the locally available resources assists them in selling products at a lower price than the one sold by established companies with multiple retail outlets in Philippines. Snapshot on Philippines Online Furniture Market Sales for furniture in Philippines have been dominated by offline retail outlets, franchisee outlets, showrooms and exclusive stores of manufacturers and major players operating in the space. Despite having approximately 44.5 million internet users in the country during 2016, online sales of furniture contributed poorly to the overall market revenues during the same year. Online players faced stiff competition from brick and mortar stores all across the country, which offered a wide variety of products at competitive prices. All companies selling via online channel had at least one offline store and are yet to register significant traffic and product orders through online in the country. The major players which have dominated the revenues of online furniture sales in 2016 are Lorenz Furniture, Urban Concepts, Homeplus, Blims Furniture, Philux, Murillo, Furniture Republic, Bonny Furniture and others. Competition The furniture industry in Philippines is highly competitive owing to large number of companies, both domestic and international, offering furniture products at competitive prices with limited variations in design and aesthetics. Furniture products of all price segments, including cheap, mid-segment and luxurious/premium ones are designed by several manufacturers to cater to customers of all classes. Generally, manufacturers and retailers focus on targeting a particular customer segment based on purchasing power of consumers. Despite the presence of international brands, the unorganized players largely cater to the furniture demands of the country. They offer cheaper and customized solutions for furniture needs across the country. The unorganized sector poses a stiff competition to organized players existing or entering the space due to abundance of raw material and availability of reasonably priced skilled labor. Organized players have been successful in marketing modern furniture products largely in the metro cities of the country. Philippines Furniture Market Future Outlook and Projections The furniture market is expected to grow at an impressive rate during 2017-2021. Rise in domestic as well export demand of furniture products is anticipated to result in market growth. Since tourism based enterprises such as hotels, restaurants, museums and leisure service providers face growing needs to update their amenities; the demand for unique furniture items is expected to rise sharply. Apart from the robust hotel sector, construction of more condominiums and residential houses in the country is expected to drive the growth of the industry in the coming years. The property sector’s strong growth and families’ easier access to housing credit will also increase demand for household items and most importantly furniture products. Key Topics Covered in the Report: Bed Room Furniture Market Philippines Home plus Furniture Products Philippines Future Furniture Philippines Home Furniture Sales Manila Center Table Sales Philippines Online furniture market analysis Unorganized Segment Furniture Philippines Challenges Furniture Philippines Online Furniture GMV Philippines Our Home Furniture Sales Philippines Business Model Furniture Philippines Mattress market revenue and outlook Value Chain Furniture Philippines Dining Room Furniture Philippines Mandaue Foam Furniture Philippines Philux Sales Furniture Philippines Philippines Home Furniture Market Segmentation Growth Dining Room Furniture Market Philippines Furniture Market by Organized and Unorganized Sectors Market Share of Major Players in Philippines Furniture Market For More Information on the Research Report, refer to below links:- https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/philippines-home-furniture-market/142263-95.html Related Report by Ken Research https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/indonesia-home-furniture-market/141094-95.html https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/china-furniture-market-report/35851-95.html https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/india-furniture-market-research-report/8520-95.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Bed Market Sales Philippines, Bed Room Furniture Market Philippines, Best Selling Furniture Philippines, Business and Working Model in Philippines Furniture Market, Business Model Furniture Philippines, Cebu Sales Furniture Philippines, Center Table Sales Philippines, Challenges Furniture Philippines, Children furniture market analysis, Dining Room Furniture Philippines, Export and Import in Philippines Furniture Market, Export Sales Furniture Philippines, Forecast Furniture Market Philippines, Furniture Market by Organized and Unorganized Sectors, Furniture Market Cities in Philippines, Furniture Market End Users Philippines, Furniture Republic Competition Philippines, Future Furniture Philippines, Growth Dining Room Furniture Market Philippines, Home Furniture Sales Manila, Homeplus Furniture Products Philippines, Industrial Furniture Industry Philippines, Kids Furniture Market Size Philippines, Living Room Furniture Market Philippines, Mandaue Foam Furniture Philippines, Market Share of Major Players in Philippines Furniture Market, Mattress market revenue and outlook, Office Furniture Market Philippines, Online Furniture GMV Philippines, Online furniture market analysis, Our Home Furniture Sales Philippines, Philippine Furniture Market Size, Philippines Home Furniture Market Segmentation, Philux Sales Furniture Philippines, Regulatory Scenario in Philippines Furniture Market, Sofa Furniture Market Philippines, Unorganized Segment Furniture Philippines, Value Chain Furniture Philippines, Wardrobes Market Philippines