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

Nepal Household Furniture Market Synopsis

Nepal is a small-sized country with a population of approximately 28 million people. The demand for household furniture in Nepal, especially wooden furniture, has been increasing steadily over the past few years due to rising income levels and growing population. In 2020, it was estimated that the market size of household furniture in Nepal stood at US$ 491 million with an annual growth rate of 7.1%.

The majority of Nepal households are made up of low-income families who purchase lower priced products including conventional wooden items such as beds and chairs. However, there is a rising trend towards purchasing higher quality modern home furnishing products from leading retailers or direct from manufacturers online or through catalogs. This shift in consumer preferences for greater comfort and convenience has led to the emergence of several brands within the woodworking industry providing various types of modern home furnishing products such as sofas, dining tables, cabinets etc., catering to varying price ranges.

Overall competition in this segment remains intense due to the unorganized players offering cheaper alternatives and major players focusing on product quality improvement and marketing initiatives to gain a larger market share. Additionally, government policies have resulted in increased FDI inflows which has further augmented competition among domestic companies by providing them access to better technology and financing options needed for expansion plans.

Key Highlights of the Report:

• Nepal Household furniture Market Outlook
• Market Size of Nepal Household furniture Market, 2019
• Forecast of Nepal Household furniture Market, 2026
• Historical Data and Forecast of Nepal Household furniture Revenues & Volume for the Period 2016 - 2026
• Nepal Household furniture Market Trend Evolution
• Nepal Household furniture Market Drivers and Challenges
• Nepal Household furniture Price Trends
• Nepal Household furniture Porter's Five Forces
• Nepal Household furniture Industry Life Cycle
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Types for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Wood Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Metal Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Plastic Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Area of Use for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By ?Bedroom Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Living Room Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Dining Room Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Household Furniture for the Period 2016 - 2026
• Historical Data and Forecast of Nepal Household furniture Market Revenues & Volume By Others for the Period 2016 - 2026
• Nepal Household furniture Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Area of Use
• Nepal Household furniture Top Companies Market Share
• Nepal Household furniture Competitive Benchmarking By Technical and Operational Parameters
• Nepal Household furniture Company Profiles
• Nepal Household furniture Key Strategic Recommendations