Global Furniture Market: Forecasted Growth to USD 886.68 Billion by 2030 with 3.2% CAGR By 2022-2030

𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
In 2021, the furniture market was estimated to be worth USD 648.12 billion. Over the forecast period (2022 - 2030), the furniture market industry is expected to increase at a compound annual growth rate (CAGR) of 3.2%, from 690.21 billion in 2022 to USD 886.68 billion by 2030. The market is expanding due to changes in urban consumers' lifestyles and the expansion of the hospitality and real estate industries.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐅𝐢𝐥𝐞 @ https://www.marketresearchfuture.com/sample_request/7625

The furniture market refers to the industry that produces and sells furniture, including items such as chairs, tables, sofas, beds, and cabinets. The market includes both residential and commercial furniture, with residential furniture being used in homes, and commercial furniture being used in workplaces, hotels, and other public spaces.

COVID-19 has had a significant impact on the furniture market. Due to lockdowns and other restrictions, people have been spending more time at home, leading to an increased demand for home furnishings. At the same time, disruptions to global supply chains have led to delays in the delivery of furniture, as well as increased prices for some materials.

The rapidly growing construction industry is the main market driver for the global furniture market. In the current and future projection years, it aims to effortlessly accelerate the expansion of the furniture market. It's because smart city initiatives are being subjected to a quick investment strategy.

As a result, the demand rise for residential and commercial spaces will soon expand. The industry will grow as a consequence of the years currently predicted. Additionally, the source of discretionary money is anticipated to fuel market expansion in the near future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.marketresearchfuture.com/ask_for_customize/7625

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
In terms of regional analysis, the furniture market varies significantly across different regions. North America and Europe are both major markets for furniture, with a strong focus on high-quality, design-oriented pieces. In Asia, furniture production is centered in countries such as China and Vietnam, where labor costs are lower. The Middle East and Africa are emerging markets for furniture, with a growing demand for both residential and commercial furniture. Latin America is also a significant market, with a strong demand for mid-range furniture.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
The Global furniture market has been segmented into type, category, material and end-user.

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐟𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐭𝐲𝐩𝐞: chairs, sofas, tables, beds, and others.

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐞𝐬: Ready to Assemble (RTA) and Non-Ready to Assemble (Non-RTA).

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥: wood, metal, glass, plastic, and others.
Based on end users: residential and commercial.

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐭 @ https://www.marketresearchfuture.com/reports/furniture-market-7625

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐓𝐡𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞 -
IKEA Group
HNI Corporation
Ashely Furniture Industries Inc
Herman Miller, Inc
Dorel Industries Inc.
Godrej & Boyce Mfg. Co. Ltd.
Steelcase Inc.
Sauder Woodworking Co
Dunn's Furniture
Kimball International, Inc.

𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬
𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐:
Ashley Furniture established a new distribution hub in the Pacific Northwest of North America with the goal of bolstering its distribution networks. The company intends to expand to 1.1 million square feet in order to accommodate its omnichannel presence, which consists of brick-and-mortar stores, brokers, merchants, and online retailers.

𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐:
In Canada, IKEA unveiled a brand-new line of workplace furniture. The set includes its well-known Poäng Chair, which has been around for a long time, along with other amenities like a Wi-Fi speaker, a folding gym mat, and a soap dispenser. Dentsu Creative is the product's social media marketing agency.

𝐑𝐞𝐚𝐝 𝐎𝐮𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 -
𝐂𝐚𝐧𝐨𝐩𝐲 𝐁𝐞𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐢𝐥𝐥 𝟐𝟎𝟑𝟐 -
https://www.marketresearchfuture.com/reports/canopy-beds-market-11820

𝐋𝐮𝐱𝐮𝐫𝐲 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐢𝐥𝐥 𝟐𝟎𝟑𝟎 -
https://www.marketresearchfuture.com/reports/luxury-furniture-market-1305

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬:
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