Wardrobe Market is estimated to be US$ 201.06 billion by 2030 with a CAGR of 4.1% during the forecas

Author: Suraj Jadhav

In furniture, wardrobe market is a large cupboard, usually equipped with drawers, a mirror, and other devices, used for storing clothes. The word wardrobe is a French word, in which ‘warder’ means "to keep, to guard" and ‘robe’ means "garment". Cupboards is totally different from wardrobe, a wardrobe is a tall piece of furniture, usually in a bedroom, that has space for hanging clothes. It also contains extra space for putting garments. One can also design the wardrobe according to preferences as he/she wants. Recent introduction of innovative wardrobes is likely attracting the customers for buying such items, thereby driving the market growth. Shifting preferences of consumers of buying wood materials is likely to drive the demand of wardrobe. Additionally, the rapid urbanization and globalization of the global population is further driving the market growth.

Region Analysis:

Asia Pacific region is expected to dominant market owing to presence of the large production capacity of the different kinds of cabinetry items. Significant growth of the European region is attributed to the expansion of prominent manufacturers. Moreover, increasing favorability of colored kitchen wardrobes among the houses further drives the region’s market growth. North America is projected to register highest share in terms of revenue during the forecast period.

Key Development:

  • In 2020, the Samsung company introduced a smart wardrobe the residence of U.K. It is designed in such ways to prevent the growth of viruses and bacteria in clothes.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/2106

Segmentation:

The Global Wardrobe Market accounted for US$ 192.74 billion in 2020 and is estimated to be US$ 335.50 billion by 2030 and is anticipated to register a CAGR of 5.8%. The Global Wardrobe Market is segmented by Type, Application and Region.

  • By type, the Global Wardrobe Market is segmented into frame structure wardrobe and plate structure wardrobe.
  • By application, the Global Wardrobe Market is classified into household, and hotel.
  • By region, Asia-pacific wardrobe market is expected to account for major revenue share in Global Wardrobe Market, followed by other regions.

Competitive Analysis:

The key players operating in the Global Wardrobe Market includes Rochebobois SA, Kartell Inc., Baker Spa, Restoration Hardware, USM Modular Furniture, Poliform Spa, Varaschin Spa, LES JARDINS, Red apple Inc., And GINGER BRO