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Furniture Market Size to Reach USD 701.7 Billion in 2032 | IMARC Group

10-17-2024 01:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Furniture Market

Furniture Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐Š๐ž๐ฒ ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

โ— The global furniture market size reached USD 660.5 Billion in 2023.
โ— The market is expected to reach USD 701.7 Billion by 2032.
โ— North Americaย exhibits a clear dominance in the market, accounting for the largest furniture market share.
โ— Based on material, the market has been segmented into metal, wood, plastic, glass and others.
โ— Specialty stores display clear dominance because they offer a wide range of furniture options and personalized customer service, making them a suitable choice for many buyers.
โ— The growing use of technology in furniture design, like smart furniture with internet of things (IoT) features, is creating a positive market outlook.
โ— The rise of e-commerce and online retail channels is driving market growth. The ease of online shopping and the ability to compare a wide range of products and prices make it a popular choice for buyers.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/furniture-market/requestsample

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ— ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง

The growing use of technology in furniture design, like smart furniture with internet of things (IoT) features, is creating a positive market outlook. This includes items such as beds with sleep-tracking systems, sofas with built-in wireless charging pads, and tables with touchscreen surfaces. Advances in manufacturing technology allow for more efficient production processes, lower costs, and greater customization. Buyers now can customize furniture to fit their specific preferences for size, color, material, and functionality. The combination of technology and customization enhances user experience and helps manufacturers stand out in the market.

โ— ๐„-๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐š๐ง๐ ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ๐ฌ

The rise of e-commerce and online retail channels is driving market growth. The ease of online shopping and the ability to compare a wide range of products and prices make it a popular choice for buyers. Online platforms offer a larger selection of furniture, often at better prices than traditional stores. The improved digital experience, including virtual reality (VR) and augmented reality (AR), lets buyers visualize furniture in their space before they buy, reducing uncertainty. Also, the growing use of social media marketing and influencer endorsements is boosting online furniture sales.

โ— ๐ƒ๐ž๐ฆ๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ ๐’๐ก๐ข๐Ÿ๐ญ๐ฌ ๐š๐ง๐ ๐‡๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ

Changes in demographic profiles and household dynamics are supporting market growth. The increase in single-person households and shifts in family structures are driving demand for different types, sizes, and functionalities of furniture. Single-person households need compact and multi-functional furniture, while families with children look for durable and safe options. The aging population needs ergonomic furniture that aids mobility. Additionally, younger buyers who prioritize design, affordability, and flexibility push manufacturers to enhance their product offerings.

๐๐ฎ๐ฒ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=3936&method=502

๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ:

โ— Metal
โ— Wood
โ— Plastic
โ— Glass
โ— Others

Based on material, the market has been segmented into metal, wood, plastic, glass and others.

๐๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:

โ— Supermarkets and Hypermarketsย 
โ— Specialty Storesย 
โ— Online Stores
โ— Others

Specialty stores display clear dominance because they offer a wide range of furniture options and personalized customer service, making them a suitable choice for many buyers.

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:

โ— Residential
โ— Commercial

The residential sector is the largest sector owing to the growing demand for home furnishings.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ— North America (United States, Canada)
โ— Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ— Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ— Latin America (Brazil, Mexico, Others)
โ— Middle East and Africa

The market is dominated by North America owing to substantial investments in research work, which has led to advanced technological development in the region.

๐“๐จ๐ฉ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ:ย 

The furniture market research report offers a detailed analysis of the competitive landscape, providing in-depth information on the leading companies. Some of the key players in the market are as follows:

โ— Durham Furniture Inc.
โ— Haworth Inc. (Haworth International Ltd.)
โ— HNI Corporation
โ— Inter IKEA Systems B.V. (Interogo Foundation)
โ— Kimball International Inc.
โ— Kohler Co.
โ— Masco Corporation
โ— Okamura Corporation
โ— Steelcase Inc.
โ— Stickley Furniture Inc

๐Ž๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉย 

๐…๐จ๐จ๐ญ๐›๐š๐ฅ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/football-market-size-worth-usd-46-billion-globally-by-2032-at-a-cagr-of-36_715825.html

๐†๐ž๐ง๐ž๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐€๐ˆ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/generative-ai-market-size-to-worth-usd-580-billion-by-2032-cagr-of-1881_716128.html

๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/steel-market-size-to-hit-usd-1279-billion-by-2032-with-a-33-cagr_716698.html

๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/agriculture-equipment-market-size-to-hit-usd-2554-billion-in-2032-grow-cagr-by-423_716730.html

๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/commercial-insurance-market-size-worth-usd-1554-billion-globally-by-2032-at-a-cagr-of-653_717115.html

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž ๐š๐ง๐ฒ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐จ๐ฏ๐ž๐ซ๐ž๐ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:ย sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145ย 

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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