A coffee table is a low table designed to be placed in a sitting area for convenient support of beverages, remote controls, magazines, books, decorative objects, and other small items. A coffee table book, also known as a cocktail table book, is an oversized, usually hard-covered book whose purpose is for display on a table intended for use in an area in which one entertains guests and from which it can serve to inspire conversation or pass the time.
MARKET SCOPE
The "Global Coffee Table Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the coffee table market with detailed market segmentation by mmaterial, user, distribution channel, and geography. The report provides key statistics on the market status of the leading coffee table market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global coffee table market is segmented into wood, metal, glass, stoneware, and others.
- Based on user, the global coffee table market is segmented into residential and commercial.
- Based on distribution channel, the global coffee table market is segmented into stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Growing living standards and increased urbanization.
- Increasing disposable income.
Restraints:
- Relatively higher price of the coffee table.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The coffee table market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the coffee table market in these regions.
IMPACT OF COVID-19 ON COFFEE TABLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the coffee table market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from coffee table market are anticipated to lucrative growth opportunities in the future with the rising demand for coffee table in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coffee table market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ashley Furniture Home Store
- Ikea
- Living Spaces
- Ethan Allen
- American Furniture Warehouse
- Durham Furniture
- Abstracta
- Huihe Furniture
- Besana
- Herman Miller