Global Street Furniture Market Size By Product (Wood, Metal), By Application (Benches and Seats, Street Lightings and Traffic Signals, Barriers and Bollards), By Geographic Scope And Forecast
Published on: 2024-08-14 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Street Furniture Market Size By Product (Wood, Metal), By Application (Benches and Seats, Street Lightings and Traffic Signals, Barriers and Bollards), By Geographic Scope And Forecast
Street Furniture Market Size And Forecast
Street Furniture Market size was valued at USD 10.38 Billion in 2024 and is projected to reach USD 16.52 Billion by 2031, growing at a CAGR of 6.45% from 2024 to 2031.
The growing demand for the traffic light and traffic signals to reduce road accidents is a major factor likely to drive the growth of the market over the forecast period. The Global Street Furniture Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Street Furniture?
Street furniture is a collective term used for items and equipment that is placed alongside streets and roads for several purposes. Items inclusive of benches, traffic barriers, bollards, post boxes, phone boxes, street lamps, traffic lights, traffic signs, bus stops, tram stops, taxi stands, public lavatories, fountains, watering troughs, memorials, and waste receptacles are termed as street furniture. The street furniture provides the framework for resting, sitting, and eating as well as socializing. Such settings can be of great significance to the elderly, people with limited mobility, and adults who’ve small children; however further to their purposeful aspect, objects of city furniture inclusive of benches and tables in parks and squares also can be socially significant, as they provide these sites a comforting and attractive air and draw human beings in collectively.
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Global Street Furniture Market Overview
Rising urbanization is a factor that helps to stimulate market growth. Street furniture is the facilities and objects that located in urban public spaces which deliver numerous functions as well as services to the public. Traffic light is the utmost significant street furniture and that is about to obtain enormous importance as the nations are working on the growth of infrastructures that contains roadways within the cities and across the borders. The growing demand for traffic light and traffic signals to reduce road accidents is a major factor likely to drive the growth of the market over the forecast period. However, growing production cost of aluminium, iron and other metal leads to the growth of furniture production cost, which leads to the decrease in the profit of furniture, manufacture that further hampers the market growth.
Global Street Furniture MarketSegmentation Analysis
The Global Street Furniture Market is segmented on the basis of Product, Application, and Geography.
Street Furniture Market, By Product
• Wood• Metal• Others
To Get Summarized Market Report By Product-
Based on Product, the market is bifurcated into Wood, Metal, and Others. Wood accounted for the largest market share in 2020. Wood is a popular choice of material for street furniture, due to the fact it is a natural material that feels hotter in a cold climate and cooler in a warm climate, unlike metals.
Street Furniture Market, By Application
• Benches and Seats• Street Lightings and Traffic Signals• Barriers and Bollards• Other
To Get Summarized Market Report By Application-
On the basis of Application, the Global Street Furniture Market has been segmented into Benches and Seats, Street Lightings and Traffic Signals, Barriers and Bollards, and Other. Benches and Seats accounted for the largest market share in 2020. Timber seats and benches offer a comfortable and aesthetically pleasing solution.
Street Furniture Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
To Get Summarized Market Report By Geography-
On the basis of regional analysis, the Global Street Furniture Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America is expected to hold the largest market share of the Street Furniture over the forecast period followed by Europe. Increasing urban population and rising investment in the infrastructure boosting the United States Street furniture market during the forecast period.
Key Players
The “Global Street Furniture Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Glasdon International Limited, Streetlife, Bailey Street Furniture Group, Furnitubes International, Langley Design Limited, All Urban Limited, Urbastyle, and Others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Transforming Urban Spaces with Exciting collaborated of Leading Street Furniture Brands
• All Urban joined with FinBin to Distribute Innovative Smart Bins to UK Market
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Glasdon International Limited, Streetlife, Bailey Street Furniture Group, Furnitubes International, Langley Design Limited, All Urban Limited, Urbastyle, and Others. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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