Published on: December 18, 2019
The global furniture market will grow by $134.70 billion during 2021-2025. The growth of the real estate sector will greatly influence the demand for furniture. Moreover, significant investments towards infrastructural development in developed economies and the rising residential and commercial construction will also drive furniture market growth. During this period, APAC will be a key market for furniture. About 48% of the global market’s growth will originate from this region and the maximum demand for furniture in this region will be from countries such as China, Japan, and India.
Our furniture market analysis provides market size and forecast, value chain analysis, analyzes key trends, growth drivers, challenges, and a detailed vendor analysis into the various sectors in the global furniture market. Our reports also provide a scenario-based analysis of the market taking into consideration of the macro and micro factors by studying around 25 vendors.
Latest Reports
The global furniture market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level furniture market analysis identifies the market share, growth momentum, and key leading countries in the regions:
The growing demand for luxury furniture and the growth of the real estate and construction industry are significantly influencing the growth of the wooden furniture market. During 2020-2024, the maximum demand for wooden furniture will be from APAC and this region will contribute to about 47% of the market’s growth.
During 2020-2024, the wooden furniture market size will increase by $44.86 billion. China and India will be the key markets for wooden furniture during this period.
For more insights on the growth of the Wooden Furniture Market Request for a FREE sample now!
During 2020-2024, the luxury furniture market will grow by over $6.43 billion. The growing demand for portable, foldable, and technologically-influenced luxury furniture especially among single and two-person households is a major factor driving market growth.
With the growing number of single-occupancy households and the rising trend of online retailing, Europe will be a key market for luxury furniture during the forecast period. Almost 40% of the market’s growth will originate from this region and UK and Italy will be the major markets for luxury furniture in Europe.
For more insights on the growth of the Luxury Furniture Market Request for a FREE sample now!
The global pet furniture market will grow at a steady rate during 2020-2024 and the market size will increase by USD 4.11 billion during 2020-2024. The growing adoption of pets coupled with the availability of a wide range of fashionable and multifunctional pet furniture will drive pet furniture market growth.
North America will be the key market for pet furniture and during 2020-2024, about 37% of the market’s growth will be from this region.
For more insights on the growth of the Pet Furniture Market Request for a FREE sample now!
For More Details on the Vendor Analysis, Acquisitions, Divestitures, Advancements, and Маrkеt Ѕhаrе of Companies Request for your FREE sample now
In our furniture market analysis, the revenue of the major vendors are identified from various secondary sources to estimate the market. Our research gathers information related to vendor revenue and offerings from multiple sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications & magazines, and other relevant sources. The reports identify vendors who have pure play, category focused, or diversified offerings.
The reports provide a detailed vendor landscape to identify the strengths and strategies of vendors operating in the market. Vendor landscape identifies key and contributing players across the value chain based on the influence index developed in-house based on industry and market parameters.
In the furniture market analysis, we cover and analyze the revenue and offerings of around 25 vendors including:
Backed with competitive intelligence and benchmarking, our global market analysis provides insights into the market size at global and regional levels, detailed analysis of sub-segments, identifies the key dynamics impacting the market, and also provides detailed customer and vendor landscapes. The reports incorporate the Porter’s Five Forces analysis to determine the competitiveness, profitability, and attractiveness of the market. The five forces analysis, combined with detailed market and competitive landscape analysis, highlights the influence of potential new market entrants, suppliers, customers, and substitute products on the market offers valuable industry knowledge and guidance for companies interested in the market.
Our reports identify high value opportunities across industries that are being revolutionized by technology and research advancements. Digital transformation initiatives and the advent of technologies such as Artificial Intelligence, Blockchain, Cloud Computing, and Big Data are disrupting the dynamics of multiple industries from healthcare to banking and manufacturing. Our market reports highlight the impact of the integration of such technologies and the potential revenue opportunities created for the stakeholders across the market value chain.
Our reports are designed to offer go-to-market support and assist in strategic decision making for the key stakeholders in the furniture market ecosystem.
Need a report tailored to your specific requirements? We can help! From Customer Assessment to Entry Barriers and Risk Factors, our Custom Research Solutions can help you gain insights on several niche segments
LinkedIn
Facebook 
Twitter
Email
Reddit
Tumblr
Quora
Pinterest
WhatsApp