PRN: Global Restaurant Furniture Market 2017-2021 - Major Drivers for this Market is Growing Millennial Population and Pub Culture

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Global Restaurant Furniture Market 2017-2021 - Major Drivers for this Market is Growing Millennial Population and Pub Culture

 
[22-August-2017]
 

DUBLIN, August 22, 2017 /PRNewswire/ --

The "Global Restaurant Furniture Market 2017-2021" report has been added to Research and Markets' offering.

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The global restaurant furniture market to grow at a CAGR of 4.72% during the period 2017-2021.

Global Restaurant Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the value sales of furniture products.

According to the report, one of the major drivers for this market is Growing millennial population and pub culture. There has been a constant evolution in restaurant and pub culture, mostly due to the increase in the millennial population who frequently visit such places. Pubs and restaurants cater to changing consumer preferences and lifestyle choices. Millennials are health conscious and interested in gourmet and good quality cuisine and beverages. They prefer going to pubs where the ambiance is unique and has an aesthetic appeal. Most pubs these days are theme based, which attract the millennial generation. The increase in the number of pubs will drive the growth of the restaurant furniture market.

The latest trend gaining momentum in the market is Greater use of eco-friendly furniture. The awareness of eco-friendly and green furniture, especially in the Americas and Europe, has increased. It is also being witnessed among the consumers of developing countries such as China. Consumers are currently showing more preference toward eco-friendly restaurant furniture such as those made of Moso bamboo, which is harder and more durable than other materials. These materials allow designers to obtain an aesthetic look for their products.

Further, the report states that one of the major factors hindering the growth of this market is Long product replacement cycle. Consumers purchase restaurant furniture usually when setting up a restaurant, cafe, or pub. Nowadays, modern interior design trends play a vital role in the purchase decisions of customers. Most restaurant furnishings, especially restaurant f! urniture, are meant for long-term use and generally do not require frequent replacement. Also, most restaurant furniture products are expensive and are considered to be a one-time expenditure by consumers. Branded restaurant furniture and furnishing products are durable and of superior quality.

Key vendors

  • Inter IKEA Systems
  • Herman Miller
  • Homecrest Outdoor Living
  • Forever Patio

Other prominent vendors

  • American Signature
  • Ashley Furniture Industries
  • Haverty Furniture
  • Kimball International
  • MUEBLES PICÃ�“
  • Nella Vetrina
  • Otto (Crate & Barrel)
  • Scavolini
  • Steinhoff International

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by distribution channel

Part 07: Market segmentation by product

Part 08: Market segmentation by end-user

Part 09: Geographical segmentation

Part 10: Key leading countries

Part 11: Decision framework

Part 12: Drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/d5wvsh/global_restaurant

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Laura Wood, Senior Manager
press@researchandmarkets.com

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