Furniture And Home Furnishings Stores Market
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Global Furniture And Home Furnishings Stores Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Furniture And Home Furnishings Stores Market Report by The Business Research Company covers furniture and home furnishings stores market drivers and restraints, furniture and home furnishings stores market size, major players, and the impact of COVID-19 on the furniture and home furnishings stores market.

The furniture and home furnishings stores market consists of sales of furniture and home furnishings by entities (organizations, sole traders and partnerships) that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products. The furniture and home furnishings stores market is segmented into furniture stores and home furnishings stores.

The furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management. The global furniture and home furnishings stores market is expected to grow from $372.83 billion in 2020 to $404.7 billion in 2021 at a compound annual growth rate (CAGR) of 8.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $481.11 billion in 2025 at a CAGR of 4%.

 

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Some furniture and home furnishings stores market trends include augmented reality (AR) and virtual reality (VR) to empower the customer experience by letting them connect to the product with interactive and personalized options. While AR is a real-time integration of digital information with the user’s environment, VR is a three-dimensional, computer generated environment that can be explored and interacted with. This allows the customers to understand the experience of owning a product. Furniture and home furnishings companies should consider using virtual reality technology to enhance customer experience.


Global furniture and home furnishings stores market segments include:

1) By Type: Furniture Stores, Home Furnishings Stores.

2) By Ownership: Retail Chain, Independent Retailer.

3) By Type Of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, Asia Pacific is the largest region in the global furniture market, accounting for 45% of the market.

 

Read More On The Furniture And Home Furnishings Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:

https://www.thebusinessresearchcompany.com/report/furniture-and-home-furnishings-stores-global-market-report-2020-30-covid-19-impact-and-recovery

 

The Furniture And Home Furnishings Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides furniture and home furnishings stores market overviews, analyzes and forecasts market size, share, furniture and home furnishings stores market players, furniture and home furnishings stores market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The furniture and home furnishings stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Where To Learn More:

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Furniture And Home Furnishings Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Ashley Furniture Industries, Heritage Home Group, Herman Miller, Inter IKEA Systems, Steelcase.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Furniture And Home Furnishings Stores Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Furniture And Home Furnishings Stores Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


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