Learn about the global furniture and home furnishings stores market through The Business Research Company, which provides information on furniture and home furnishings stores market size, furniture and home furnishings stores market drivers and restraints, furniture and home furnishings stores market players, the COVID-19 impact on the furniture and home furnishings stores market, and more.

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The global furniture and home furnishings stores market size 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%.

With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for furniture and home furnishings stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.

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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.

Global furniture and home furnishings stores market segments include:

By Type: Furniture Stores, Home Furnishings Stores

By Ownership: Retail Chain, Independent Retailer

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, North America was the largest region in the global furniture and home furnishings stores market, accounting for 34% of the market in 2020.

Augmented reality (AR) and virtual reality (VR) 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.

TBRC’s furniture and home furnishings stores market report covers:

Major Market Players: 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)

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, analyses and forecasts market size, share, furniture and home furnishings stores market players, furniture and home furnishings stores market segments and geographies, leading competitor revenues, profiles and market shares.

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

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