The increasing popularity of clubs and bars among millennials has led to a rise in the number of clubs and bars in various regions that is supporting the healthy growth of the furniture market around the globe.

The different forms and styles with which the stools are been manufactured are also founding their places in offices and modern homes as a part of the style statement. The rising disposable income among the youth is also increasing the growth of the stool market

In the initial years of the industry limitations in the design and range of bar stools meant that consumer interest in bar stools continued to wane.

With the passage of time experimentation in terms of design, colours and styles has indicated that there are many new consumers who have been introduced to different varieties and designs of the stools and thus the market is witnessing healthy growth.

The steady growth and receptivity of novel designs among high-net-worth individuals have led more designers and manufacturers to launch new designs and thus the market has been witnessing a steady and healthy growth.

Key Market Trends

Every market has its growth determinant and challenges. One of the major factor that has fueled the market growth over the forecast period is the online segment of marketing. Consumers are now in a position to browse various designs, ask for customization and get the product delivered to their homes owing to the popularity of online furniture stores has opened up new avenues of growth for the luxury furniture industry.

Innovation in technology, especially in terms of app and website development is driving sales in the market

The growth of the furniture market across the globe along with the rise in pubs, bars and nightclub industry in many significant economies are the major factors leading to the growth of the market during the forecast period.

On the flip side, the rising unemployment and lowering of disposable income have been driving consumers away from luxuries like trips to bars and nightclubs. Lesser spending of a majority of the customers on the luxuries like costlier stools for households, and visiting bars and nightclubs is hindering the growth of the market.

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Segmental analysis of the Market

Based on Product Type

Wood

Metal

Plastic

Fabric

The market is being estimated to witness growth in the category of wood followed by metal during the forecast period.

Based on Seat Height Type

Counter Height

Bar Height

Extra Tall

Short

Adjustable

In the segment of seat height type it is estimated for the adjustable segment to stand tall in the market.

Based on Arm Type

Armless

With arm

In the segment of arm type the category of armless is estimated to drive the growth for the market.

North America is anticipated to amplify at a considerable CAGR

The Global Stools Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America has dominated the market growth over the forecast period. This is because of the high disposable income and massive pubs, nightclubs and bars are driving the growth of the market in the region. China and India in the region of South East Asia are boosting the growth of the market during the forecast period. Europe is expected to be the substantial market for the product during the forecast period.

Competitive Landscape

Some of the prominent companies operating in the market are Holland Bar Stools Co., Amisco, Regal Seating Co., Richardson Seating Co., Hillsdale Furniture, Florida Seating, Deuster Company, Waco Manufacturing, and Flint Stools Chair Co. and so on.

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