Furnishing Fabric Fashion January/February 2019

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Furnishing Fabric Fashion
Rising inclination towards
renovation and remodeling projects in residential
sectors will enhance the furniture industry size over the forecast
timeframe. Increasing investments in renovation projects, particularly in
the North America & Europe is anticipated to stimulate the product demand.
According to the European Federation of DIY Manufacturers (FEDIYMA), Europe
led by Germany, France, Belgium, and the Netherlands will foresee substantial
growth in the home improvement market size. An appreciation in the prices
of new houses is driving the renovation and remodeling market development.
Further, escalating household spending towards home
renovation & furniture replacement will induce
significant industry growth.
Favorable FDI policies to enhance the GDP
growth are fueling the commercial sector
advancement. Growing FDI investments,
particularly in hospitality, education, hospitals,
and other commercial sector, is strongly supporting
the commercial market expansion.
Low cost along with increasing penetration
of the online distribution channel
in emerging economies is stimulating
the industry development.