Press release
Furniture Market Report 2023-28 | Share, Size, Trends, Industry Analysis and Forecast
Furniture is a portable article that supports various human activities, such as sleeping, seating, and dining. It encompasses tables, chairs, desks, and cabinets that find use in homes, offices, and institutions. It has also become a vital requirement in the educational sector with the advent of interactive classrooms. It is now being constructed using recycled materials, such as salvaged wood, textiles, and wood pallets and natural elements, such as bamboo, rattan, and seagrasses, due to increasing environmental consciousness. AT present, furniture is gaining immense traction across the globe as it adds to the aesthetic appeal of space while providing the necessary functionality and comfort to the user.
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Furniture Market Trends and Drivers:
The global furniture market is primarily driven by rising product demand from the real estate and hospitality industries. Moreover, increasing investments in the tourism, healthcare, and education sectors have augmented the demand for portable and adjustable furniture that can be easily reconfigured. Additionally, inflating sales of ergonomically designed furniture that helps prevent health and posture problems in adults and children due to the emergence of the work-from-home trend and online classes for children, especially amid the coronavirus disease (COVID-19) outbreak, has catalyzed the market growth. Furthermore, the introduction of eco-friendly, versatile, and multi-functional products that offer easy accommodation in small spaces is contributing to the market growth. Other factors, including the rising number of nuclear families, the rapid expansion of e-commerce platforms, and inflating consumer disposable incomes, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
Metal
Wood
Plastic
Glass
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
Breakup by End Use:
Residential
Commercial
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
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Competitive Landscape with Key Player:
The competitive landscape of the market has also been analyzed, with some of the top furniture manufacturers.
Durham Furniture Inc.
Haworth Inc. (Haworth International Ltd.)
Heritage Home Group LLC
HNI Corporation
Inter IKEA Systems B.V. (Interogo Foundation)
Kimball International Inc.
Kohler Co.
Masco Corporation
Okamura Corporation
Steelcase Inc.
Stickley Furniture Inc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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