Korean Home Furnishings Market: Size, Trends & Forecasts 2016-2020 Featuring Hanssem, Hyundai Livart Furniture & Enex - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Korean Home Furnishings Market: Size, Trends & Forecasts (2016-2020)" report to their offering.

The report titled Korean Home Furnishings Market: Size, Trends & Forecasts (2016-2020), provides an in-depth analysis of the Korean home furnishings market. The report also gives an insight of the Korean home furnishings market by segments.

Furthermore, it includes the analysis of the Korean furnishing market by branding and distribution channels along with the key opportunities in the market.

Growth of the overall Korean housing furnishings market has also been forecast for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the Korean home furnishings market is fragmented with numerous individual non-brand furniture makers accounting for a large proportion of the total market. But due to the changing consumers' preferences and increasing penetration of the branded furniture makers by partnering with local furniture makers, the Korean home furnishings market is dominated by the three big players, Hanssem Co. Ltd, Hyundai Livart Furniture Co. Ltd and Enex Co. Ltd.

The Korean home furnishings market is expected to increase at a significant CAGR during the years 2016-2020. The Korean home furnishings market is expected to increase due to growth in real demand for houses for living purpose than investment purpose, increased interest in cooking, growing housing market of Korea, rising supply of houses and increasing 1-2 member households, etc. Yet the market faces some challenges such as, volatile macro economic factors, oversupply of houses and increasing aging population.

Market Dynamics

Growth Drivers

  • Real Demand Driving Furniture Demand
  • Increased Interest in Cooking
  • Growing Housing Market
  • Rising Housing Supply/Completion
  • Rising Home Remodeling Demand
  • Increasing 1-2 Member Households
  • Increasing Income in Korea

Challenges

  • High Dependence on Macro Economic Factors
  • Oversupply of Houses
  • Aging Population

Market Trends

  • Opportunities for Branded Furniture Makers
  • Comprehensive Home Remodeling
  • Favourable De-regulation in Housing Construction Market
  • Gender Equivalence in Managing the Household Tasks
  • Brand Manufacturers Offering Home Remodeling Services
  • No Threat from New Players
  • Rising Brand Makers Sales
  • Persistent Downsizing of Households

Company Coverage

- Hanssem Co. Ltd.

- Hyundai Livart Furniture Co. Ltd.

- Enex Co. Ltd.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Korean Market Analysis

4. Market Dynamics

5. Competitive Landscape

6. Company Profiles

For more information visit http://www.researchandmarkets.com/research/jz7dqt/korean_home

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716