Furniture Market To Witness Strong Sales Outlook $718.3 Billion By 2025 “The global furniture market size is projected to account for USD 718.3 billion by 2025. It is projected that the market would register over 5% CAGR from 2018 to 2025. With increasing consumer spending, the demand for branded furniture has increased over the past few years.”
The Global Furniture Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Furniture Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Furniture Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Furniture Market based on current & future analysis depending on historic data also featured in this Report. The global furniture market size is projected to account for USD 718.3 billion by 2025. It is projected that the market would register over 5% CAGR from 2018 to 2025. With increasing consumer spending, the demand for branded furniture has increased over the past few years. In addition, emerging countries are witnessing significant growth in the commercial and residential construction, which in turn, offer lucrative growth opportunity. In 2017, the commercial division accounted for over 30% share in the market. Hotels, public buildings and offices together contribute to the growth of the commercial sector. With the growing infrastructural development, the commercial segment is projected to witness lucrative demand over the next few years. Especially, countries such as China and India are going through the industrial revolution.
Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/furniture-market/request-sample
Growing urbanization and population worldwide is fostering the demand for furniture. With the increasing urbanization, there has been significant growth in the construction of restaurants, hotels, residential and commercial building. Furniture not only assists with day to day functions such as eating, resting and sleeping, but it has become an essential part for home décor as well. Key players operating in the furniture market are HNI Corporation, Herman Miller, Inc., AFC SYSTEMS, BERCO DESIGNS, OKAMURA CORPORATION and Ashley Furniture Industries, Inc. among others. These players are increasingly focusing on the development of cost-effective sports furniture owing to the increasing demand from consumers.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/furniture-market
Further key findings from the report suggest: • Based on the material, the wood segment accounted for over 30% share in the market in 2017. • MEA region is projected to register significant growth owing to rising tourism industry coupled with increasing construction of residential and commercial buildings. • Asia Pacific held more than 40.0% share in the global market in 2017, owing to a rise in demand from China and India. • Residential category held the highest share in the market in 2017 as increasing urbanization has led to the rise in the residential construction. Million Insights segmented the global furniture market based on material, end use and region: Furniture Material Outlook (Revenue, USD Billion, 2014 - 2025) • Metal • Wood • Plastic
• Glass • Others Furniture End-Use Outlook (Revenue, USD Billion, 2014 - 2025) • Residential • Kitchen & Dining • Living Room • Bedroom • Outdoor • Others • Commercial • Offices • Hotels • Others
Furniture Regional Outlook (Revenue, USD Billion, 2014 - 2025) • North America • U.S. • Canada • Europe • U.K. • Germany • France • Italy • Asia Pacific • China • India • Japan • Singapore
• Malaysia • Latin America • Brazil • Mexico • Middle East & Africa
See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose, CA 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com
Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-8956380892