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Furniture Stores Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Furniture Stores Market Size, Growth Rate, And Forecast
The global furniture stores market size is expected to grow from $250.71 billion in 2022 to $272.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.71%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global furniture stores market size is expected to reach $366.10 billion in 2027 at a CAGR of 7.7%.
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Furniture Stores Market Drivers
The increasing demand for furniture is expected to propel the growth of the furniture stores market going forward. Furniture refers to movable objects intended to support various human activities such as seating, eating, and storing items such as tables, chairs, desks, and cabinets. Due to rowing home decoration and renovation trends among the global population, the demand for furniture is rising which will propel the growth of the furniture stores.
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Furniture Stores Market Segments
• By Material: Wood, Metal, Plastic, Other Material types
• By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture
• By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels
• By End-User: Residential, Office, Hotel, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the furniture stores market.
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Furniture Stores Market Key Players
Major competitors in the furniture stores market include Steelcase Inc., HNI Corporation, Ashley Furniture Industries Inc., Inter IKEA Systems B.V., Herman Miller Inc., Global Furniture USA, Heritage Home Group LLC, Restoration Hardware Inc. (RH), Williams-Sonoma Inc., La-Z-Boy Inc., Raymour and Flanigan Furniture and Mattresses.
The Business Research Company's "Global Furniture Stores Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Furniture Stores Market Include:
1. Executive Summary
2. Furniture Stores Market Characteristics
3. Furniture Stores Market Trends And Strategies
4. Furniture Stores Market - Macro Economic Scenario
5. Furniture Stores Market Size And Growth
……
26. Africa Furniture Stores Market
27. Furniture Stores Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Furniture Stores Market
29. Furniture Stores Market Future Outlook and Potential Analysis
30. Appendix
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