Global Furniture Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Furniture Market Report by The Business Research Company covers furniture market drivers and restraints, furniture market size, major players, and the impact of COVID-19 on the furniture market.
The furniture market consists of sales of furniture by entities (organizations, sole traders and partnerships) that produce furniture including tables, chairs, desks, cabinets or fixtures that are used in a room or building to support various human activities. The furniture market is segmented into institutional and office furniture, household furniture and kitchen cabinet and mattresses, blinds and shades.
Increasing demand for online shopping is expected to help the furniture manufacturing market grow. The global furniture market is expected to grow from $564.7 billion in 2020 to $671.7 billion in 2021 at a compound annual growth rate (CAGR) of 18.%.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 $850.8 billion in 2025 at a CAGR of 6%.
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Some furniture market trends include manufacturers investing in augmented reality technologies to help sales representatives present their products and aid customers in decision making. Augmented reality mobile applications allow customers to place a virtual 3D model of a furniture in a real room in real time.
Global furniture market segments include:
1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades.
2) By Type Of Material: Metal, Wood, Others.
3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Others
Subsegments Covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade.
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.
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The Furniture 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 market overviews, analyzes and forecasts market size, share, furniture market players, furniture market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The furniture market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Furniture 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: IKEA AB, Ashley Furniture Industries Inc, Steelcase Inc, Tempur Sealy International Inc, Leggett & Platt Incorporated.
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 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 Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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