The market's growth is primarily driven by the increasing demand for multifunctional and multipurpose luxury residential furniture, including foldable beds and extendable sofa sets. ( Herman Miller), Inter IKEA Group (IKEA), Muebles Pico SA (Muebles), and HNI Corp. Major players in this market include Herman Miller Inc. The global luxury residential furniture market encompasses various furniture products such as lounge chairs, ottomans and benches, sofas, side tables and coffee tables, dining and kitchen tables, outdoor seating furniture, dining and side chairs, and stools.
#Herman miller conference table drivers#
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.įind technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players.
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