Household Furniture Market set for Thriving growth in Turkey
Western culture influence along with growing affordability of high end product segments will drive household furniture demand to grow 16.5% by 2013, says RNCOS.
- (1888PressRelease) February 08, 2011 - According to our recent research report "Turkey Furniture Market Analysis", furniture market in Turkey has grown manifold during the past few years on the back of improving income levels and growing household consumption. Even in the tough post recessionary scenario, the industry stood strong and posted positive year on year growth in 2009. Further, emergence of western style furniture products and construction boom has resulted in an ever-growing household furniture industry, which is all set to register 16.5% CAGR growth during 2011-2013.
The research identified that demand for bedroom furniture such as, beds (twin size, full size, queen and king size etc), nightstands and bedside tables, dressers, bedroom vanities etc. is growing at brisk pace in the country. Turks prefer to change their bedroom furniture on occasions like, marriage and consider it to be the act of necessity. The trend is transforming an increasing demand for related furniture items and is expected to prevail in coming years also, which will help industry to sustain its double-digit growth in the coming years.
Further, in terms of office furniture, it has been identified that the segment was not fully immune to the economic slowdown and showed a sluggish growth result with a subdued job market performance. However, during early 2010, the market started showing signs of inevitable recovery and offices started executing their expansion plans. Demand for office furniture products have started picking pace, which is anticipated to intensify during our forecast period.
Our report, "Turkey Furniture Market Analysis", has been authored to evaluate market potentials of Turkish furniture sector and to identify future growth opportunities. Besides historical and current market performance analysis, the report provides segment wise furniture production and demand forecasts to facilitate cutting edge market intelligence. The report facilitates consumer behavior analysis, and presents information on regional market developments. Brief overview of key industry participants has been also added to provide a balanced research outlook of the concerned industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM290.htm
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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