RESTAURANT CHAIRS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global restaurant chairs market is estimated to be valued at USD 5.89 Bn in 2024 and is expected to reach USD 8.44 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. A rise in the number of foodservice outlets such as cafes, quick service restaurants, and fine dining restaurants has driven the demand for comfortable yet durable chairs that enhance the dining experience of customers. Restaurant owners recognize the importance of providing seating options that match the theme and interiors of their establishments while being ergonomically designed for long hours of usage. Continual innovation in materials and designs coupled with growing consumer preference for stylish yet functional furniture have boosted the sales of restaurant chairs.
Market Dynamics:
The global restaurant chairs market is primarily driven by rapid expansion of the foodservice industry owing to growing urbanization, rising disposable incomes, and changing lifestyles. Additionally, increasing investments by restaurant chains to enhance customer experience through sophisticated ambience and seating arrangements have prompted furniture upgrades. However, rising competition from the unorganized sector offering low-cost substitutes restrains the market to some extent. On the flip side, rising focus of restaurants on sustainable and eco-friendly furnishings presents an opportunity for manufacturers to innovate greener product offerings and capitalize on the growing consumer demand for socially responsible brands.
Key Features of the Study:
- This report provides in-depth analysis of the global restaurant chairs market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global restaurant chairs market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Herman Miller, Inc., Steelcase Inc., HNI Corporation, Knoll, Inc., Global Furniture Group, Ashley Furniture Industries, Inc., IKEA, Kettal, Emeco, Royal Botania, Metalco, SitOnIt Seating, Source International, Modway, and Nardi S.p.A.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global restaurant chairs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global restaurant chairs market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Restaurant Chairs Market' - Global forecast to 2031
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