Press release
Furniture Market Size to Reach USD 701.7 Billion in 2032 | IMARC Group
๐๐ฅ๐จ๐๐๐ฅ ๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐๐๐ฒ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐๐-๐๐๐๐โ 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/furniture-market/requestsample
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง
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 ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ง๐ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐ก๐๐ง๐ง๐๐ฅ๐ฌ
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 ๐๐๐ฆ๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐ ๐๐ก๐ข๐๐ญ๐ฌ ๐๐ง๐ ๐๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
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.
๐๐ฎ๐ฒ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=3936&method=502
๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
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.
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ:
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.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
โ Residential
โ Commercial
The residential sector is the largest sector owing to the growing demand for home furnishings.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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.
๐๐จ๐ฉ ๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐๐ซ๐ฌ: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
๐๐ญ๐ก๐๐ซ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉย
๐ ๐จ๐จ๐ญ๐๐๐ฅ๐ฅ ๐๐๐ซ๐ค๐๐ญ:ย https://www.abnewswire.com/pressreleases/football-market-size-worth-usd-46-billion-globally-by-2032-at-a-cagr-of-36_715825.html
๐๐๐ง๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐ ๐๐๐ซ๐ค๐๐ญ:ย https://www.abnewswire.com/pressreleases/generative-ai-market-size-to-worth-usd-580-billion-by-2032-cagr-of-1881_716128.html
๐๐ญ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ:ย https://www.abnewswire.com/pressreleases/steel-market-size-to-hit-usd-1279-billion-by-2032-with-a-33-cagr_716698.html
๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ:ย https://www.abnewswire.com/pressreleases/agriculture-equipment-market-size-to-hit-usd-2554-billion-in-2032-grow-cagr-by-423_716730.html
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ ๐๐๐ซ๐ค๐๐ญ:ย https://www.abnewswire.com/pressreleases/commercial-insurance-market-size-worth-usd-1554-billion-globally-by-2032-at-a-cagr-of-653_717115.html
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ ๐๐ง๐ฒ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐
IMARC Group
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Email:ย sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145ย
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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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