The Philippines Furniture Market is Expected to Grow at a CAGR of 15% during 2016-2021: 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 Philippines Furniture Market by end users (home, office, hotels and industrial),by organized and unorganized, by cities (Cebu, Davao, Quezon, Manila, Bacolod ad others), by home furniture market Product Categories (Bedroom, Living Room, Dining Room, Kitchen and Others), by Living Room furniture (Sofa, Sofa cum bed, Television, Coffee Table and Center Table), by Bedroom furniture (Bed, Wardrobe, Dressing Table and Others), online furniture market, children furniture, mattress market by size of mattress ( King, Queen, Single), by type of mattress (Spring, Foam and others), by market structure (Organized and unorganized), by urban and rural Demand, by Market share of Major companies (Our Home, Furniture Republic, Home Plus, Mandaue Foam, Philux, Blims Furniture, Murillo, and others) The number of households in Philippines is projected to rise from 23.5 million in 2016 to 26.5 million by 2021, representing growth at a CAGR of 2.5% during the period 2016-2021. The residential sector generated most of the demand for furniture products in the country. The government of Philippines aims to be the global design hub for furniture products using sustainable materials by 2030. Through the efforts of the Chamber of Furniture Industries in the Philippines (CFIP) and the Cebu Furniture Industries Foundation (CFIF), the industry expects to make a global mark through the sustainable production of sophisticated, sturdy and environmentally friendly products. The Board of Investments (BOI) of Philippines agreed to provide incentive of PHP 9.13 million furniture export project in Mandaue City, which is expected to boost the country’s positioning as a global hub for furniture. The project, under Maison Galuchat Inc, is expected to manufacture furniture and accessories and export all of them to countries in Asia, Europe and the US. The company intends to initially employ about 50 craftsmen and gradually expand it to 120 by 2022. Middle class households in the country accounted for approximately 45.0% of overall population of the country and accounted for approximately 66.0% of the country’s household income in 2016. The 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 furniture products in the near future. The diversification of furniture is also marked by the shift from the production of low-end furniture to the medium and high-end lines. This means emphasis on quality, design and material rather than on mass production of pieces. This is attributed primarily to growing competition globally. It has been observed that Furniture manufacturing in Philippines is limited to clusters in Metro Manila, Pampanga and Cebu, while most of the retail sales are still restricted to the regions in Cebu, Davao and Quezon. There are multiple regions that are yet to be catered and tapped by the organized furniture market players operating in Philippines. Ken Research in its latest study, “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” suggests that the increasing demand for bedroom furniture by the growing residential sector in Philippines is projected to be the highest revenue generating segment in the home furniture market. The anticipated rise in number of housing units and middle class population will drive the sales of bed frames, wardrobes, dressing table and other furniture, which are a part of bedroom set. Rise in number of online market players catering to the demand for wooden products and accessories are also estimated to stimulate the market revenues in a positive manner. The report provides information on market size of the Philippines Furniture market, market segmentation on the basis of Organized and Unorganized market, end users and by cities which is sub categorized into home furniture market segmentation. Key Data Points Covered in the Report: Home Furniture Sales Manila Center Table Sales Philippines Dining Room Furniture Philippines Mandaue Foam Furniture Philippines Our Home Furniture Sales Philippines Philippine Furniture Market Size Cebu 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