Furniture Market is projected to reach $800,596 million by 2025, registering a CAGR of 3.5% from 2018 to 2025

According to a new report published by Allied Market Research, titled, "Global Furniture Market by Type, Distribution Channel, and Region: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," the global furniture market size was valued at $583,159 million in 2017 and is projected to reach $800,596 million by 2025, registering a CAGR of 3.5% from 2018 to 2025

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
Durham Furniture Inc.

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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 income, 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 demand for the furniture products in the residential and commercial sector in the future. 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 also drives the market growth.

Speaking about this research report in particular, it includes:
• Five Types of Segmentations (by Product Type, Power, Application, Distribution Channel, Region)
• Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
• Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
• Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
• Industry Landscape Analysis
• Analysis of COVID-19 Impact on this market at Global and Regional Level.

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Key findings of the study

By type, the residential segment accounted for the highest furniture market share in 2020, growing at a CAGR of 3.6% from 2022 to 2031.
By distribution, the specialty stores segment accounted for about 48.8% share of the furniture market share in 2020, and is expected to experience growth at CAGR of 3.5%.
Region wise, North America accounted for about 37.1% of the furniture market size in 2020, and is expected to grow at a CAGR of 3.6%.
By type, the commercial segment accounted for 29.3% market share in 2020, growing at a CAGR of 4.1% from 2022 to 2031.
Region wise, Asia-Pacific market and is expected to grow at the highest CAGR of 4.6%.

TABLE OF CONTENT :-
CHAPTER 1:INTRODUCTION

1.1.Report Description
1.2.Key Market Segments
1.3.Key Benefits
1.4.Research Methodology

1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst Tools and Models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO Perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market Definition and Scope
3.2.Key Findings

3.2.1.Top Investment Pockets
3.2.2.Top Winning Strategies

3.3.Porter's Five Forces Analysis

3.3.1.Bargaining Power of Suppliers
3.3.2.Threat of New Entrants
3.3.3.Threat of Substitutes
3.3.4.Competitive Rivalry
3.3.5.Bargaining Power among Buyers

3.4.Market Share Analysis/Top Player Positioning

3.4.1.Market Share Analysis/Top Player Positioning 2020

3.5.Market Dynamics

3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities

3.6.COVID-19 Impact Analysis
3.7.Market Share Analysis
3.8.Competitive Heatmap

CHAPTER 4:FURNITURE MARKET, BY TYPE

4.1.Market Overview

4.1.1Market Size and Forecast, By Type

4.2.RTA

4.2.1.Key Market Trends, Growth Factors and Opportunities
4.2.2.Market Size and Forecast, By Region
4.2.3.Market Share Analysis, By Country

4.3.Residential

4.3.1.Key Market Trends, Growth Factors and Opportunities
4.3.2.Market Size and Forecast, By Region
4.3.3.Market Share Analysis, By Country

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Reasons to Buy This Furniture Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you're looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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