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

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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%.

Increasing demand for online shopping is expected to help the furniture manufacturing market grow.

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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.

Global Furniture Market Segments Include:

By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades

By Type of Material: Metal, Wood, Others

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 was the largest region in the global furniture market, accounting for 45% of the market in 2020.

Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and 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. This also helps customers view the furniture in all angles and positions.

TBRC’s furniture market report covers:

Major Market Players: 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)

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

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

Here Is A List Of Similar Reports From The Business Research Company:

Household Furniture And Kitchen Cabinet Global Market Report 2021

Institutional And Office Furniture Global Market Report 2021

Furniture And Home Furnishings Stores Global Market Report 2021

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