Turkey Home and Office Furniture Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Turkey Home And Office Furniture Market report comprehensively covers the market by Material, by Product, by Distribution Channel, by Regions. Turkey Home and Office Furniture market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Turkey Home and Office Furniture Market Synopsis

 

Turkey Home and Office Furniture market witnessed a significant growth in recent years owing to growing urbanization and construction sector which include development of residential and commercial sector. Furthermore, Turkish Citizenship Programme 1,07,000 properties with a total capital of 54 billion USD has been owned by foreigners during the period of 2020-2021 drive the demand for furniture in the residential sector and various industries. However, Home and Office Furniture market witnessed contraction, in revenues, during 2020 on the account of fall in revenues from the commercial sector, manufacturing and halting of several projects on account of nationwide lockdowns owing to the spread of COVID-19. Further the market is expected a slow growth owing to the on-going economic crises in turkey with rising inflation with 40% due to which prices of raw material or final product would increases.

According to 6wresearch, the Turkey Home and Office Furniture Market revenue size is projected to grow at a CAGR of 4.3% from 2022E-28F. The market would register a slow growth on account of tight financial conditions, high inflation, and exchange rate volatility in Turkey are one of the major reasons which leads to rise in prices of Home and office furniture. However, with upcoming construction project along with rising investment to US$400,000 through turkey citizenship program, would further boost the demand of home and office furniture market.

Market by Product Types

Based on product type, seating segment acquired the highest revenue share in Turkey owing to the larger deployment in domains such as residential, commercial offices, etc as this is the most essential and basic furniture needed in a home or office. Further, the demand would boost up in the coming years on account of several projects such as new office projects are under construction such as Mahall bomonti izmir, cyber–Ankara B Blok and increasing foreign direct investments in housing sector would further augment the demand for seating product type in the forecast period. 

Market by Material Type

Based on Material type, wood segment acquired the highest revenue share in Turkey as it is commonly used in all type furniture, such as seating, desk, sofas, beds etc and also with rising demand of sustainable products and with upcoming residential projects would boost the demand of wood furniture in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Turkey Home and Office Furniture Market Overview
• Turkey Home and Office Furniture Market Outlook
• Turkey Home and Office Furniture Market Forecast
• Turkey Home and Office Furniture Market Ranking, By Companies
• Historical Data and Forecast of Turkey Home and Office Furniture Market Revenues, for the Period 2018-2028F
• Historical Data and Forecast of Turkey Home and Office Furniture Market Revenues, By Material Type, for the Period 2018-2028F
• Historical Data and Forecast of Turkey Home and Office Furniture Market Revenues, By Product Type, for the Period 2018-2028F
• Historical Data and Forecast of Turkey Home and Office Furniture Market Revenues, By Distribution Channel, for the Period 2018-2028F
• Historical Data and Forecast of Turkey Home and Office Furniture Market Revenues, By Regions, for the Period 2018-2028F
• Turkey Home and Office Furniture Market Drivers and Restraints
• Turkey Home and Office Furniture Market Trends
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Player’s Revenue Ranking
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Material Type

• Wood
• Plastic

By Product Type

• Seating
• Table and Desks
• Storage Units
• Others (Bed, Dressers)

By Distribution Channel

• Online
• Offline

By Regions

• Central
• Eastern
• Western