Myanmar Furniture Market (2020-2026) | Forecast, COVID-19 IMPACT, Trends, Companies, Growth, Outlook, Analysis, Size, Industry, Value, Revenue & Share

myanmar furniture market Synopsis

Myanmar furniture market is expected to witness a CAGR of 6.9% during the forecast period 2020-2026. The market growth is attributed due to rise in urban population, increasing investments by foreign companies and government initiatives including fiscal incentives for domestic production as well as import duty reduction on select furniture items. Additionally, rapid expansion of home improvement, decoration outlets and shopping malls are also driving the market growth. However, limited access to skilled labor force along with low purchasing power of Myanmar consumers hinders the growth of furniture industry in Myanmar.

The residential sector dominated the Myanmar furniture market revenue share owing to rising disposable incomes among middle class households and higher demand for contemporary designs coupled with affordable prices from local manufacturers and suppliers are further propelling product sales across this segment. On other hand, office / commercial segments will gain traction over forecast period due to increasing government spending on office infrastructure projects along with growing number of offices across major cities such as Yangon & Mandalay which have witnessed significant economic development activities in recent years.

Key Highlights of the Report:

• Myanmar Furniture Market Outlook
• Market Size of Myanmar Furniture Market, 2019
• Forecast of Myanmar Furniture Market, 2026
• Historical Data and Forecast of Myanmar Furniture Revenues & Volume for the Period 2016 - 2026
• Myanmar Furniture Market Trend Evolution
• Myanmar Furniture Market Drivers and Challenges
• Myanmar Furniture Price Trends
• Myanmar Furniture Porter's Five Forces
• Myanmar Furniture Industry Life Cycle
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Material Types for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Plastic for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Wood for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Metal for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Myanmar Furniture Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Myanmar Furniture Import Export Trade Statistics
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By Applications
• Myanmar Furniture Top Companies Market Share
• Myanmar Furniture Competitive Benchmarking By Technical and Operational Parameters
• Myanmar Furniture Company Profiles
• Myanmar Furniture Key Strategic Recommendations