Philippines Home Furniture Market is Expected to Contribute 45% to overall Revenue in 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 Growth in international tourism in the country is expected to augment the number of hotels rooms in Philippines to rise from 57,233 in 2016 to 100,682 by 2021. This represents growth at a CAGR of 12.0% for the period 2016-2021. 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. The report titled “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” by Ken Research suggested the furniture market is anticipated to grow at a CAGR of 15.5% during the period 2016-2021. The abundance of natural resources with extensive plantations of bamboo and rattan in the Philippines are anticipated to invite foreign entrants to cater the growing needs for furniture in the country. World’s largest furniture retailer, IKEA, has announced its plans to set up its first store in Philippines by the end of 2017. French furniture manufacturer Gautier forayed into Philippines last year by opening its first store in Shangri-La in March 2016. The company intends to open several new stores in the country in next 2-3 years. The company is renowned worldwide for its high quality, efficient after-sales service and offers long term warranty on several products. 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 44.5 million internet users (penetration rate of over 43.0%) 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. Key Topics Covered in the Report: Children furniture market analysis Kids Furniture Market Size Philippines Industrial Furniture Industry Philippines Cebu Sales Furniture Philippines Mattress market revenue and outlook Wardrobes Market Philippines Home Furniture Sales Manila Center Table Sales Philippines Best Selling Furniture Philippines Challenges Furniture Philippines Dining Room Furniture Philippines Mandaue Foam Furniture Philippines Our Home Furniture Sales Philippines Sofa Furniture Market Philippines Export Sales Furniture Philippines For more information on the market research report please refer to the below link: 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: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 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