Global Furniture Market is Expected to Reach $800,596 Million by 2025
The residential segment in the furniture market is anticipated to have the highest market share during the forecast period. The rise in global economy has increased the spending capacity of the consumers, which in turn has impelled the sale of branded furniture items in the furniture market. The growing phase of infrastructure and real estate market has boosted the demand for residential furniture products in the various country across the globe.
Ask for sample copy of this report@:https://www.alliedmarketresearch.com/request-sample/5147
The furniture market is driven by emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the factors that are expected boost the market growth. Furthermore, the furniture market is driven by various factors such as rise in disposable incomes, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections. In addition, increase in government investments in infrastructural development boosts the demand for the furniture products in the residential and commercial sector in the near future.
The integration of internet of things into furniture products is projected to further escalate the furniture market growth. Moreover, development of automated manufacturing system is anticipated to have a significant impact on the industry during the forecast period. Furthermore, demand for versatile and multi-functional products that offer portability and can easily be accommodated in small spaces is also driving the market growth.
Get detailed COVID-19 impact analysis@ Request For Customization:- https://www.alliedmarketresearch.com/request-for-customization/5147?reqfor=covid
The global market is segmented based on type, distribution channel, and region. Based on type, it is classified as RTA, residential, and commercial. The distribution channel comprises supermarkets & hypermarkets, specialty stores, e-commerce, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The commercial segment is expected to grow comparatively faster than other types witnessing a CAGR of 4.5%. The growth of the segment is driven by large enterprises, corporates, and even emerging small companies that are investing heavily in furnishing and interiors of office spaces to provide employees with comfortable and productive environments. Thus, vendors are designing office furniture that offers better comfort and minimizes stress. In addition, smart furniture is also gaining popularity.
Based on region, the market is dominated by North America, particularly owing to large domestic demand coupled with rise in disposable income and change in lifestyle of consumer across the region. Moreover, integration of internet of things into furniture products and development of automated manufacturing system are anticipated to have a significant impact on the furniture industry during the forecast period. In addition, LAMEA is expected to witness a 4.4% CAGR during the forecast period.
Interested in Procuring this Report? Visit Here >>> https://www.alliedmarketresearch.com/purchase-enquiry/5147
Key findings of the Furniture Market:
Based on type, the residential segment accounted for the highest furniture market share in 2017, growing at a CAGR of 3.5% from 2018 to 2025.
Based on distribution, the specialty stores segment accounted for about 49.3% share of the furniture market share in 2017 and is expected to experience growth at the highest CAGR of 3.4%.
Based on region, North America accounted for about 37.7% of the furniture market size and is expected to grow at a CAGR of 3.4%.
Based on type, the commercial segment accounted for 28.9% market share in 2017, growing at a CAGR of 4.5% from 2018 to 2025.
Based on region, Asia-Pacific market and is expected to grow at the highest CAGR of 5.7%.
The key players operating in the furniture industry are Haworth, Inc., Inter IKEA Systems BV, Steelcase Inc., Masco Corporation, HNI Corporation, L. & J.G. STICKLEY, INC., Kimball International, Inc., Okamura Corporation, Heritage Home Group LLC, and Durham Furniture Inc.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Furniture Market is Expected to Reach $800,596 Million by 2025 here
News-ID: 2303351 • Views: 134
More Releases from Allied Market Research
Cream Cheese Market Overview 2020, In-depth Analysis with Impact of COVID-19, Ty …
Cream Cheese is a soft fresh acid-coagulated unripen cheese that have smooth texture made from milk or cream. It is very versatile product and can be used in a various dishes, snack dips, and desserts such as cheesecake or cake frostings. It acts as an excellent topping for crackers, bagels, and sandwiches. Cream cheese can be soft, semi-hard, hard ripened, or unripen. Cream cheese can be classified into natural cheese,
Feta Cheese Market Expected to Reach $15.6 Billion by 2028-Allied Market Researc …
The German and French feta cheese segments are the highest growing type in the global market, owing to preference of consumers to natural food products. In addition, the European feta cheese market is quite mature and have the lowest CAGR among other regions, thus, feta cheese suppliers over there should remake their business models and find new opportunities for the growth of the market. According to a new report published by
Energy Bar Market Expected to Reach $1,010.9 million by 2028-Allied Market Resea …
The rise in number of health-conscious consumers, increase in awareness of the benefits of energy bars, entry of new market players, and growth of digital marketing are the primary drivers of the market. Moreover, as more athletes and social media influencers continue to endorse energy bars, the global sale of energy bars is expected to rise steadily in the coming years. During the forecast period, these factors are expected to
Microgreens Market Expected to Reach $2,049.3 million by 2028—Allied Market Re …
Rise in area under protected cultivation which majorly includes indoor vertical and greenhouse farming methods and increasing increase in spending on healthy, fresh, and nutritious agriculture produce are expected to garner the growth of the microgreens market. Adoption of the internet of things (IoT) in the farming and farm mechanization is promoting farmers to grow high valued crops, which directly supports to the growth of the microgreens market According to a
More Releases for Furniture
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives
Bedroom Furniture Market 2019 By Vaughan-Bassett Furniture Company, Century Furn …
Global Bedroom Furniture Market 2019-2024: According to the Global Bedroom Furniture Market report, the market is expected to reach the value of $XX million at the end of the forecast period of 2019 – 2024, showing good progress, rising at a CAGR of XX%. The global Bedroom Furniture Market report covers a detailed analysis of the Bedroom Furniture Market including the various parameters on which the Bedroom Furniture Market is analyzed
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry
The English word “furniture” is derived from a French word “fourniture”, which means to supply or provide.Furniture is a product of design and is also considered as a form of decorative art.The term refers to movable objects that are deliberately used to support different human activities such as seating (for example, chairs, stools, tables, and sofas) and sleeping (for example, beds). It is also used to hold objects at an
Contemporary furniture by TOSH Furniture
Los Angeles, CA, July 25, 2011 - Furnishing a house is considered to be a very integral part of decorating any type of house and thus, it has evolved into the modern trend setting factor in the contemporary market. TOSH furniture has emerged as a major provider of modern furniture and now they are supposedly one of the leading furniture providing companies. The company has recently launched a latest range
Modern patio furniture by TOSH Furniture
Los Angeles, CA, July 16, 2011 - The latest trend in the market in case of furniture is the modern patio furniture. Most of the companies are getting into this business and are designing various kinds of patio furniture in order to attract more and more customers. The customers are no longer happy with the same old wooden furniture and as a result, they are turning their attention to the