The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Throughout the projected period, rising online shopping demand is anticipated to fuel innovation in the furniture manufacturing industry.

The global furniture market is expected to grow from $691 billion in 2022 to $739.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The furniture market is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%.

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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, Other Materials
• By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels
• 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 in 2021.

Major Market Players in the furniture market include Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas N.V., Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc.

Furniture manufacturers intend to use augmented reality technologies to assist salespeople in presenting their products and assisting clients in making decisions. Customers can use augmented reality mobile applications to instantly install a virtual 3D model of furniture in a real environment. As a result, customers can view the furniture from all angles and postures. For example, IKEA’s Place augmented reality app allows users to preview over 2,000 furniture pieces at home before purchasing.

The Furniture Global Market Report 2023  provides a furniture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The furniture market forecast analyzes furniture market size, furniture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Tables, chairs, beds, desks, dressers, and cabinets are used in a room for sitting, lying down, or storing items. These items are referred to collectively as furniture. Unlike less expensive woods such as plywood, particleboard, and fiberboard, hardwood tabletops, desktops, and shelves will not sag over time.

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