Gurgaon, Haryana -- (ReleaseWire) -- 04/06/2016 --Gurgaon | April 2016
Malaysia Furniture Market Outlook to 2020 - Growth in Furniture Export & Rise in Trend of Online Furniture Sales to Drive Future is the latest publication released by Ken Research in the month of March 2016.
The furniture industry in Malaysia has undergone a dynamic change from traditional operations to technology driven industry over the last few years 2010-2015. The growth in the furniture industry in past decades was phenomenal and was quite evident through consistent surge in exports. It has been forecasted that the furniture market of Malaysia will increase at a CAGR of 10.6% during 2015-2020.
The country is famous for its wooden furniture worldwide. The availability and natural abundance of raw materials is the greatest strength of Malaysia furniture industry. Malaysia has strong position in the global furniture industry. It is one of the largest exporters of furniture in the world. During 2015, it has been observed that around 80% of the furniture produced in the country was exported to other countries such as US, UAE, UK, India, Japan and other countries.
In the import furniture market, the country majorly imports metal furniture and Plastic furniture from China, Thailand and Vietnam, since the country lacks specialization in plastic and metal furniture. The government plays an important role by taking initiatives to boost the export of furniture from Malaysia by tax exemption, reducing government levy and introducing number of policies in the favour of furniture market of Malaysia.
Key Topics Covered:
1. Malaysia Furniture Market Size by Revenue, 2010-2015
2. Malaysia Furniture Market Segmentation
- By Organized and Unorganized Market, 2010-2015
- By Residential and Non Residential Sector, 2010-2015
3. Malaysia Residential Furniture Market Segmentation
- By Major Room Segment - Bed Room, Living Room, Dining Room, Kitchen, Kids Room
- By Product Categories - Bed, Sofa, Sofa Beds, Dining Table, Dressers, Cabinet, Center Table
- By Demand From Major Cities - Kuala Lumpur, George Town, Ipoh, Johor Bharu and Muar
- By Distribution Channel - Carpenters, Exclusive Store, Destination Store, E-Commerce Websites, SIS Formats
- By Material - Wooden, Metal, Plastic, Other Furniture
4. Competitive Analysis in Residential Furniture Market in Malaysia
5. Malaysia Non Residential Furniture Market Size by Revenues, 2010-2015
6. Malaysia Non Residential Furniture Market Segmentation
- By Material - Wooden, Plastic, Metal, Other Furniture
- By Utility - Retail, Hotel, Industrial and Office
7. Trends and Growth Drivers in Malaysia Furniture Market
8. Issues and Challenges in Malaysia Furniture Market
9. Government Role In Malaysia Furniture Market
10. Company Profile of Major Players in Malaysia Furniture Market
- Lorenzo
- POH HUAT
- SHH Furniture Industries Sdn Bhd
- Hinlim
- TA Furniture
- Artsystem
- Maju Home
- Teakia Furniture
- Kian Furniture
- Marcoco
- IKEA
11. Malaysia Furniture Market Future Outlook and Projections, 2016-2020
Browse full report:
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/malaysia-furniture-market-report/7201-95.html
Related Reports:
India Furniture Market Outlook to 2018 - Online Furniture Sales Gaining Traction
Malaysia Furniture Market Is Expected to Grow and Reach USD 5550 Million by 2020: Ken Research
The market is dominated by leading domestic players including Morocco, Hinlim, TA furniture, SHH furniture and others.