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Furniture Stores Market Size, Share, Unique Trends Analysis Report By Product And Segment Forecasts 2023-2032
Furniture Stores Global Market
The Business Research Company's Furniture Stores Global Market Report 2023 identifies increasing demand for furniture as the major driver for the Furniture Stores market's growth in the forecast period. 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.
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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Major competitors in the Furniture Stores market are 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.
A key trend in the Furniture Stores market includes Technological advancement. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the market.
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The Furniture Stores market is segmented -
1) By Material: Wood, Metal, Plastic, Other Material types
2) By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture
3) By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels
4) 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.
The Business Research Company's "Global Furniture Stores 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 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
……
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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