Thailand Wardrobes Market (2024-2030) | Industry, Revenue, Outlook, Trends, Growth, Analysis, Companies, Share, Value, Forecast & Size

Market Forecast By Type (Finished Wardrobes, Customized Wardrobes), By Application (Residential Use, Commercial Use) And Competitive Landscape
Product Code: ETC043565 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Wardrobes Market Synopsis

The Thailand wardrobes market is estimated to reach USD 815.1 million in 2020 and is projected to register a CAGR of 6.9% during the forecast period (2020-2026). The increasing desire for space-saving and well-organized furniture among consumers, along with the growing affordability of wardrobe products due to their mass production has been driving the demand for wardrobes in Thailand. Additionally, an increase in awareness regarding modular furniture solutions, made available through online retail platforms such as Lazada, Shopee, etc., which offer customized solutions based upon user preferences have further propelled the growth of this market. Moreover, rising urbanization coupled with growing spending power among middle-income households are expected to drive product sales over the coming years.

Market Drivers

The Thailand wardrobes market is estimated to reach USD 815.1 million in 2020 and is projected to register a CAGR of 6.9% during the forecast period (2020-2026). The increasing desire for space-saving and well-organized furniture among consumers, along with the growing affordability of wardrobe products due to their mass production has been driving the demand for wardrobes in Thailand. Additionally, an increase in awareness regarding modular furniture solutions, made available through online retail platforms such as Lazada, Shopee, etc., which offer customized solutions based upon user preferences have further propelled the growth of this market. Moreover, rising urbanization coupled with growing spending power among middle-income households are expected to drive product sales over the coming years.

Challenges of the Market

Wardrobe manufacturers tend to provide a limited selection range when compared with other types of bedroom furnishings limiting consumer choices resulting into reduced sales volumes. Demand fluctuations during different seasons can severely impact profitability if not managed properly hampering business operations.

Covid-19 Impact on the Market

Wardrobe manufacturers tend to provide a limited selection range when compared with other types of bedroom furnishings limiting consumer choices resulting into reduced sales volumes. Demand fluctuations during different seasons can severely impact profitability if not managed properly hampering business operations.

Key Players of the Market

IKEA (Sweden), Home Pro Co Ltd (Thailand), Nichii Sdn Bhd (Malaysia ), Fotile Kitchenware Co.

Key Highlights of the Report:

  • Thailand Wardrobes Market Outlook
  • Market Size of Thailand Wardrobes Market, 2023
  • Forecast of Thailand Wardrobes Market, 2030
  • Historical Data and Forecast of Thailand Wardrobes Revenues & Volume for the Period 2020-2030
  • Thailand Wardrobes Market Trend Evolution
  • Thailand Wardrobes Market Drivers and Challenges
  • Thailand Wardrobes Price Trends
  • Thailand Wardrobes Porter's Five Forces
  • Thailand Wardrobes Industry Life Cycle
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Finished Wardrobes for the Period 2020-2030
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Customized Wardrobes for the Period 2020-2030
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Residential Use for the Period 2020-2030
  • Historical Data and Forecast of Thailand Wardrobes Market Revenues & Volume By Commercial Use for the Period 2020-2030
  • Thailand Wardrobes Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Thailand Wardrobes Top Companies Market Share
  • Thailand Wardrobes Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Wardrobes Company Profiles
  • Thailand Wardrobes Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Thailand Wardrobes Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Wardrobes Market Revenues & Volume, 2020 & 2030F

3.3 Thailand Wardrobes Market - Industry Life Cycle

3.4 Thailand Wardrobes Market - Porter's Five Forces

3.5 Thailand Wardrobes Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Thailand Wardrobes Market Revenues & Volume Share, By Application, 2020 & 2030F

4 Thailand Wardrobes Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Thailand Wardrobes Market Trends

6 Thailand Wardrobes Market, By Types

6.1 Thailand Wardrobes Market, By Type

6.1.1 Overview and Analysis

6.1.2 Thailand Wardrobes Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Thailand Wardrobes Market Revenues & Volume, By Finished Wardrobes, 2020-2030F

6.1.4 Thailand Wardrobes Market Revenues & Volume, By Customized Wardrobes, 2020-2030F

6.2 Thailand Wardrobes Market, By Application

6.2.1 Overview and Analysis

6.2.2 Thailand Wardrobes Market Revenues & Volume, By Residential Use, 2020-2030F

6.2.3 Thailand Wardrobes Market Revenues & Volume, By Commercial Use, 2020-2030F

7 Thailand Wardrobes Market Import-Export Trade Statistics

7.1 Thailand Wardrobes Market Export to Major Countries

7.2 Thailand Wardrobes Market Imports from Major Countries

8 Thailand Wardrobes Market Key Performance Indicators

9 Thailand Wardrobes Market - Opportunity Assessment

9.1 Thailand Wardrobes Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Thailand Wardrobes Market Opportunity Assessment, By Application, 2020 & 2030F

10 Thailand Wardrobes Market - Competitive Landscape

10.1 Thailand Wardrobes Market Revenue Share, By Companies, 2023

10.2 Thailand Wardrobes Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All