The flourishing food industry is expected to create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Restaurant Chairs Market Size, Share & Industry Analysis, By Type (Wood, Metal, Plastic), By End-Use (Casual Dining, Cafe or Coffee House, Food Court or Cafeteria, Others), By Distribution Channel (E-commerce, Retail Store) and Regional Forecast, 2024-2032.” The growing popularity of franchise food outlets is predicted to enable speedy expansion of the market.
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Information Source: https://www.fortunebusinessinsights.com/restaurant-chairs-market-102565
Top Company in the Restaurant Chairs Market
- Baker Furniture
- Bernhardt Furniture Company
- Drexel Heritage Furnishings Inc.
- Crate & Barrel Holdings, Inc
The restaurant chairs market emphasizes:
- A thorough scrutiny of the market
- Esteemed facts and statistics
- In-depth data about various regions
- Foremost developments in the market
- Main strategies adopted by the key players
Market Driver:
Introduction of Modern and Advanced Chairs to Augment Growth
The gathering of people at restaurants and food joints is expected to create growth opportunities for the market. The rising predisposition of millennials towards restaurants is likely to boost the healthy growth of the market. The increasing number of sports events is expected to offer an impetus to the food industry, which in turn, will augur well for the market. As per Sports Pro Media, Premier League global had an estimated 3.2 billion viewers during the period of 2018/19 season. The growing proclivity of consumers towards food outlets such as Mc Donalds, Burger King, Subway, and others is expected to promote the growth of the market. The advent of business meetings and family dinners in restaurants is expected to further aid the expansion of the market. The ongoing customer flow at restaurants and food joints is likely to accelerate the growth of the market. According to Upserve.Inc, in 2018, more than 200 million U.S. consumers estimated to visit a dining restaurant. Additionally, the introduction of folding and lightweight chairs is expected to support the development of the market.
However, the emergence of food delivery systems and mobile applications is expected to have a negative effect on the market. Besides, the growing awareness about the latest food offers available on food delivery is likely to impede the growth of the restaurant chairs market during the forecast period.
Regional Analysis:
Evolving Lifestyle of People to Influence Growth in Asia Pacific
The market in Asia Pacific is expected to witness a rapid growth rate during the forecast period owing to the growing population in emerging countries such as India and China. The lifestyle change and shifting economic condition are factors predicted to create lucrative business opportunities for the market. The surge in restaurants and dining places is expected to bode well for the market in the region. Moreover, the high acceptance of corporate working culture is likely to drive the market. According to FICCI, in 2017, the Indian Food Services market in India (organized and unorganized) stood at USD 47044.6 million. Besides, the rising investment by major companies is expected to further accelerate the growth of the market in the region. The market in North America is expected to dominate the global market due to the prevalence of bars, hotels, motels, restaurants, and others in the US and Canada. The booming hospitality industry is expected to spur sales opportunities for the market in the region.
Key Development:
January 2019: Interlude Home introduced a new dining collection that comes with stylishly designed tables, chairs, and bar cabinets.
October 2019: Cuero Celebrates announced the release of Outstanding Quality & Artistically Pleasing Cactus Modern Leather Dining Chair.
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