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Global Furniture Market: Size, Trends, Demand and Forecast 2024
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Global Furniture Market Rapid urbanization and growth in real estate business has significantly bolstered the growth of furniture market. Growing office furniture demand with the rising number of offices in emerging countries also accelerated the growth of office furniture across the globe. The furniture market has expanded to the manufacturing of home interiors and furnishing that exhibit class and high-quality. Furniture industry is not limited to the use of wood; the other materials are use like metal, leather, glass and plastic to increase its durability and elegance. The furniture industry has developed over the years with no longer restricted to the manufacturing of chairs and tables. China is the largest producer and exporter of furniture across the globe, with its vision focused on export-driven industrial production and huge foreign investments, China has witnessed unmatched growth in last two decades. The Chinese furniture market has now become a huge industry incorporated with more than 5 million employees, exporting more than 35% of its total furniture production and satisfying 99% of the domestic demand. Many other well known manufacturers from Italy, Japan and United States also entered the China's furniture market owing to the availability of huge domestic market, lower cost of labor, and declining import tariff rates. Increased merger and acquisition activities can be seen for furniture industry in order to sustain and maintain market position. For instance, Littlejohn & co., a private investment firm based Connecticut, has acquired manufacturer of outdoor furniture and accessories.
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Market Segmentation On the basis of Product Type • Seating • Sleeping • Tables • Storage On the basis of Material Type • Wood • Plastic • Metal • Leather • Glass On the basis of End-Users • Residential • Commercial On the basis of Distribution Channel • Online Channels • Offline Channels (wholesaler, retailers, Agents etc )
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Based on Geography •
North America (U.S., Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and ROAP) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Europe (The UK, Germany, France, Italy, Spain, , Russia, Poland, Sweden, and ROE) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Latin America (Brazil, Mexico and ROLA) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Middle East and Africa (GCC, North-Africa, South Africa and ROMEA) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Rest of the World {Market Share (%), Market Size (USD Million), Product Sales (Units)}
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Market Size and Forecast (2016-2024) Global furniture industry valued more than USD 400 billion in 2016 owing to rising sales in growing economies. Global furniture market is anticipated to expand at a compound annual growth rate of 4.2% over the forecast period i.e.2016-2024. Further, the market is projected to surpass USD 550 billion by the end of 2024. Geographically, Asia Pacific is the largest consumer of furniture accounted for one third of global furniture market in 2016. China and India are the largest producers of furniture in the APAC region which is expected to witness significant growth in production owing to rising domestic demand for furniture. APAC region is followed by the North America which accounted for more than USD 102 billion furniture market in 2016. Europe is the third largest furniture market across the globe with Germany, Italy and France as the largest furniture producers in Europe. Germany accounted for the 5% global furniture production in 2016.
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 “Global Furniture Market Outlook 2024�contains detailed overview of the global furniture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by material type, by end-user and by distribution channel. Further, for the in-depth analysis, Global Furniture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asIKEA, Williams-Sonoma, Ashley Furnitssure, Steel Case, Okamura, 9 to 5 Seating, Godrej Interio, Rooms To Go, TJX, Herman Miller, HNI, Clarin, Creative Wood, Kimball International,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global furniture market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Request fot T.O.C @ https://www.goldsteinresearch.com/toc-request/global-furniture-market-outlook-2024-global-opportunity-and-dem and-analysis-market-forecast-2016-2024 Published By: Goldstein Research
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Scope Background Market Synopsis
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Market Segmentation The Global Furniture Market is segmented as follows: • By Product Type (Market Size, Demand Analysis and Growth Analysis) • By Material Type (Market Size, Demand Analysis and Growth Analysis) • By End-Users Type (Market Size, Demand Analysis and Growth Analysis) • By Distribution Channel Type (Market Size, Demand Analysis and Growth Analysis)
By Country • • • • • •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis} Published By: Goldstein Research
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Global Furniture Market: Size, Trends, Demand and Forecast 2024 Sample Request
For more information Contact Us: +1-646-568-7747
99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America
+1-437-886-1181 +44-203-318-6627
Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
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Published By: Goldstein Research
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Global Furniture Market: Size, Trends, Demand and Forecast 2024
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Published By: Goldstein Research