Owing to benefits such as resilience to everyday wear & tear, durability, flame & weather resistance, indestructible by common household pets and pests, harder, stronger, and heavier, metal furniture is experiencing rapid adoption as opposed to other furniture like wood and plastics, this fostering progress in global metal furniture market.
The global Metal Furniture market worth USD 184.52 billion by 2030, growing at a CAGR of 18.9 %
Covid-19 Impact & Market Status
The covid-19 led complete and partial lockdowns both impacted the demand and supply side of global metal furniture market. However, for market fortification and sustenance, manufacturers sought alternative strategies steadily improving the overall market performance of global metal furniture market. Furthermore, the subsequent gradual reopening of the economy helped global metal furniture market regain momentum.
This global metal furniture market gives a detailed study on metal furniture giving you access to decisive data such as growth drivers, limiting factors, latest trends, global metal furniture market financial structure, and major market highlights and other comprehensive details of global metal furniture market.
Stainless Steel Metal Furniture Type to Emerge as the Most Lucrative Segment
Global Metal Furniture market is classified into iron, carbon steel, aluminium, stainless steel on the basis of metal type. Among these, the stainless steel Metal Furniture is poised to incur the highest revenue streams and offers attractive growth options to multinational players owing to several advantages such as resilience to everyday wear & tear, durability, flame & weather resistance, indestructible by common household pets & pests and others.
Office/Corporate Furniture Is Biggest Segment in Terms of Volume
Global Metal Furniture market is classified into domestic furniture, office/corporate furniture, hotel furniture and furniture parts on the basis of Type. Among these the office or corporate furniture segment is the most attractive segment and gathered largest market value in 2020. The key factors like changing consumer, booming corporate industry, demand for creation of new office space, and demand for renovation of existing offices are driving the segment market share in global metal furniture market.
Chair Segment To Remain Price Sensitive and Ensure Maximum Revenue for Well-known Brands
The global metal furniture market is classified into chairs, tables, shelves, cupboards, sofa, and others on the basis of Product Type. Among these, the chair segment accounted for largest market share of global metal furniture market due to key factors like manufacturers coming up with stylish metal chair designs, customised options suitable for indoor and outdoor settings, and other key factors.
Commercial Application Segment has Become Significant In Recent Years
The global metal furniture market is classified into industrial, commercial, and residential on the basis of application. Among these, the Commercial application segment is the biggest segment in terms of volume. The key factors like changing consumer demographics, booming real estate, and rapid growth in tourism and hospitality are driving Commercial Application Segment growth in global metal furniture market
Retailer Segment to Ensure Revenue Maximisation
The global metal furniture market is classified into distributor, wholesaler and retailer on the basis of Distribution Structure. Among these, the retailer segment accounted for rapid growth and is expected to grow substantially in forecast span.
North American Region to Render Ample Investment Avenues
North America is the largest shareholder of global metal furniture market due to abundant supply of raw materials and labour, growing domestic market, demand for lifestyle products, good supply chain management, manufacturers catering to diverse tastes & preferences as well as customising their products to meet different customer needs while providing products at best prices, and brand becoming significant factor in metal furniture buying.
The need for furniture that is far more resilient to everyday wear and tear and has survivability in destructive weathers and high resistance to flame has accentuated the reliance on metal furniture.
Rapid production of different types of metal furniture such as chairs, tables, shelves, cupboards, sofa, etc for indoor and outdoor settings like are fostering remarkable progress in the global metal furniture market. Furthermore, other factors like stylish metal furniture from the simplest to elegant designs available in the market has also increased the demand of metal furniture accelerating the global metal furniture market.
Advantages such as superlative flame & weather resistant capabilities, safe, environmentally friendly, and commercial or residential benefits encourage further adoption of metal furniture.
Metal furniture is a type of metal furniture that uses metals like iron, carbon steel, aluminium, stainless steel to make extensive applications ranging from office furnishings to outdoor settings. The Owing to multiple advantages such as durability and resistance to weather and every day wear and tear global metal furniture market is witnessing remarkable progress.
Conversely global metal furniture market is hampered by several factors. Metal furniture is tough to move around, causes injuries due to sharp points, highly heat absorbent, and is not suitable for all the floors. This is shifting user preferences from metal furniture to other furniture like that of wood. Furthermore, shifting user preferences, COVID-19 pandemic have led to global metal furniture market sink.
However, benefits such as superlative designs, light weight, fireproof, waterproof and reliable in terms of quality have increased the demand for metal furniture in different markets across the world like construction, residential, and others. Furthermore, the market factors like changing consumer demographics, booming real estate or housing, and rapid growth in tourism and hospitality are driving the global metal furniture market. The above factors are also anticipated to be growth opportunities to the global metal furniture market.
The main companies in global metal furniture market are Steelcase, Herman Miller, Urban Office, Haworth, HNI, La-Z-Boy, Knoll, Global Furniture Group, Kimball, and Humanscale among others. The companies have in-house team of experienced technocrats & experts ensuring products efficient in customer needs. These companies have built reputation in global metal furniture market by providing designs that meet criteria like value creation and continuous quality upgradation, optimized functionality, stability, and durability increasing their performance in global metal furniture market.
Latest Innovations in the Global Metal Furniture Market: a Snapshot
- In 2021, Zinus launched its new product Florence Metal Bed. It is crafted with durable metal structure, stylish design while ensuring durability, easy assembly and many other features.
- In March 2021, Steelcase introduced more than 40 products for new employee needs in office. The products named Steelcase® Work Tent, Steelcase Flex Active Frames, Steelcase Roam®, and many other products were launched in the market.
Metal Furniture Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 184.52 billion|
|Growth Rate||CAGR of 18.9 % during 2022-2030|
|Segment Covered||Product, Material , By Application , Region|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Williams Sonoma Inc., Billion Dollar Baby Co., Wayfair Inc., Blu Dot, First Cry, KidKraft, Sorelle Furniture, Circu Magical Furniture, Crate and Barrel, Casa Kids|
Key Segments of the Global Metal Furniture Market
Metal Type Overview, 2018-2028 (USD Billion)
- Carbon steel
- Stainless steel
Product Type Application Overview, 2018-2028 (USD Billion)
- Domestic furniture
- Office/corporate furniture
- Hotel furniture
- Furniture parts
Application Overview, 2018-2028 (USD Billion)
Distribution Channel Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa