Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Soft Furniture market in this environment.
In terms of revenue, this research report indicated that the global Soft Furniture market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Soft Furniture industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ? Duresta aims at producing XX Soft Furniture in 2020, with XX % production to take place in global market, ? ? Giovanni Visentin accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Soft Furniture Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Soft Furniture Market?
Duresta
Giovanni Visentin
Laura Ashley Holding Plc
Nella Vetrina
Henredon Furniture Industries Inc
...
Major Type of Soft Furniture Covered in XYZResearch report:
Type I
Type II
Application Segments Covered in XYZResearch Market
Application 1
Application 2
Application 3
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Table of Contents
Global Soft Furniture Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Type I -Product Introduction and Major Manufacturers
1.1.2 Type II -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Soft Furniture Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Soft Furniture Market
3.1.1 Top Companies leading Soft Furniture Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Soft Furniture Market
3.2.1 Top Companies leading Soft Furniture Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Soft Furniture Market
3.3.1 Top Companies leading Soft Furniture Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Soft Furniture Market
3.4.1 Top Companies leading Soft Furniture Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Soft Furniture Market
3.5.1 Top Companies leading Soft Furniture Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Soft Furniture Market
3.6.1 Top Companies leading Soft Furniture Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Soft Furniture Market
3.7.1 Top Companies leading Soft Furniture Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Soft Furniture Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Soft Furniture Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Soft Furniture Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Soft Furniture Sales and Growth Rate (2021-2026)
5.2 Global Soft Furniture Sales Value and Growth Rate (2021-2026)
6 Soft Furniture Competitive Analysis
6.1 Duresta
6.1.1 Duresta Company Profiles
6.1.2 Duresta Product Introduction
6.1.3 Duresta Soft Furniture Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Giovanni Visentin
6.2.1 Giovanni Visentin Company Profiles
6.2.2 Giovanni Visentin Product Introduction
6.2.3 Giovanni Visentin Soft Furniture Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Laura Ashley Holding Plc
6.3.1 Laura Ashley Holding Plc Company Profiles
6.3.2 Laura Ashley Holding Plc Product Introduction
6.3.3 Laura Ashley Holding Plc Soft Furniture Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 Nella Vetrina
6.4.1 Nella Vetrina Company Profiles
6.4.2 Nella Vetrina Product Introduction
6.4.3 Nella Vetrina Soft Furniture Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Henredon Furniture Industries Inc
6.5.1 Henredon Furniture Industries Inc Company Profiles
6.5.2 Henredon Furniture Industries Inc Product Introduction
6.5.3 Henredon Furniture Industries Inc Soft Furniture Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
7 Conclusion
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