|By PR Newswire||
|March 24, 2014 07:35 AM EDT||
MILAN, March 24, 2014 /PRNewswire/ --
To know your market of reference means that you can approach it in a more effective way. In 2013, the world furniture market was worth USD 463 billion and forecasts from CSIL, leading Italian independent research centre headquartered in Milan, speak of furniture consumption growth exceeding +3% by the end of 2014 and showing a disomogeneous trend, which varies in different regions of the world. The outlook is for stability in Western Europe, moderate growth in North and South America and fast growth in emerging market economies, particularly in Asia.
As part of a consolidated CSIL programme of international Workshops and Focus Groups and according to a formula, which proved to be effective, every year leading sector operators, corporate and institutional representatives, economists and trade press meet at the 'World Furniture Outlook Seminar' held during the Milan International Furniture Fair (13th edition to take place on Thursday April 10, 2014 at the Milan Fairgrounds Congress Centre), where participants have the opportunity to gather information and exchange data on the key issues regarding production, consumption and world trade of furniture. Keynote speakers presenting the status and prospects of the furniture industries in their countries make a contribution towards outlining an updated global market scenario, in which Africa could become the next frontier for durable consumption goods.
Also, which are the most promising cities for the furniture market in the coming years? The results of a CSIL research on 'Smart & Fast Cities: Forecasting Furniture Demand to 2020' will be also presented at the Seminar, throwing light on 150 cities worldwide accounting for over a quarter of the global furniture consumption and showing good business opportunities as well as promising furniture demand up to 2020, with expected value increases of furniture consumption up to +42% compared to 2012.
Since 35 years CSIL has been studying the furniture and furnishings industry in 70 countries, gathering unique knowledge and experience with the diagnosis and design of business and cluster development strategies, the analysis of competitive approaches to international markets. CSIL's team of experts provide private companies, policy makers and public institutions with custom made innovative solutions and services 'on demand' based on a multidisciplinary approach, using both desk and field analysis, and taking benefits from a worldwide network of associated partners and correspondents.
Contact: +39-02-796630 - Giovanna Castellina
SOURCE CSIL Centre for Industrial Studies