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Furniture Global Market Expected to Grow to $935.9 Billion at a CAGR of 6.1% By 2027 | Key Players: Tempur Sealy International, Inc., Hunter Douglas N.V., Steelcase Inc., Haworth Inc., Herman Miller Inc.
Furniture Global Market
The Business Research Company's Furniture Global Market Report 2023 identifies the Increasing demand for online shopping is expected to help the furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market.
The global furniture market size will grow from $691 billion in 2022 to $739.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. 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 market size of global furniture is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%.
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Major companies in the furniture market include Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas N.V., Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc., Masco Corporation, Man Wah holdings and Sleep Number company.
The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.
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The Rear-View Mirror market is segmented -
• By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades
• By Type of Material: Metal, Wood, Other Materials
• By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Furniture market.
The Business Research Company's "Global Furniture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Furniture Market Include:
1. Executive Summary
2. Furniture Market Characteristics
3. Furniture Market Trends And Strategies
4. Furniture Market - Macro Economic Scenario
5. Furniture Market Size And Growth
.....
26. Africa Furniture Market
27. Furniture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Furniture Market
29. Furniture Market Future Outlook and Potential Analysis
30. Appendix
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