Furniture Logistics Market 2024: Industry Trends, Growth, and Future Outlook

The furniture logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Furniture Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The furniture logistics market size has grown strongly in recent years. It will grow from $102.25 billion in 2023 to $108.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the increasing international trade, expansion of direct-to-consumer sales channels, growth of the e-commerce sector, increasing outsourcing of logistics, and expansion of e-commerce.

The furniture logistics market size is expected to see strong growth in the next few years. It will grow to $139.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising urbanization, rising consumer expectations for fast delivery, growing importance of last-mile delivery solutions, increasing investment in warehouse infrastructure, and growing focus on sustainability. Major trends in the forecast period include technological advancements, digital transformation, real-time tracking, integration of green logistics, and data analytics.

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Scope Of Furniture Logistics Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Furniture Logistics Market Overview

Market Drivers -
The increasing demand for furniture is expected to propel the growth of the furniture logistics market going forward. 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. Furniture logistics services are crucial in supporting the growth and rising production in the furniture market by providing efficient transportation, storage, and supply chain management solutions. For instance, in February 2023, according to a report shared by Hollywood Mirror, a UK-based interior design company, the manufacturing of furniture generated about $3.22 billion in 2020. Additionally, in 2021, 5.58 million pieces of wooden bedroom furnishings were sold by UK manufacturers. Therefore, the increasing demand for furniture is driving the growth of the furniture logistics market.

Market Trends -
Major companies operating in the furniture logistics market are adopting a strategic partnership approach to develop innovative in-home delivery services. Strategic partnerships help furniture logistics companies by combining resources and expertise, enhancing research and development capabilities, expanding market reach, and accelerating commercialization, ultimately driving innovation and growth in the furniture logistics industry. For instance, in July 2022, Kirkland's Inc., a US-based retail company, partnered with Ryder System Inc., a US-based logistics and transportation company, to launch a new in-home delivery service for its customers across the United States. This initiative aims to enhance the customer experience by providing last-mile delivery, light assembly, and packaging disposal for large home décor and furniture products. The partnership leverages Ryder's extensive logistics capabilities and technology to streamline the delivery process and enhance Kirkland's omnichannel service offerings.

The furniture logistics market covered in this report is segmented -

1) By Service Type: Transportation Services, Warehousing Services, Distribution Services, Assembly And Installation Services, Reverse Logistics Services
2) By Furniture Type: Residential Furniture, Commercial Furniture
3) By Transportation Mode: Road Transportation, Rail Transportation, Air Transportation, Sea Transportation
4) By Distribution Channel: Direct-To-Consumer (DTC), Retailers, E-Commerce Platforms, Wholesale Distributors, Other Distribution Channels

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Regional Insights -
Asia-Pacific was the largest region in the furniture logistics market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the furniture logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the furniture logistics market are Savino Del Bene S.p.A., DB Schenker, Kuehne + Nagel International AG, J.B. Hunt Transport Services Inc., Maersk Logistics and Services, Kerry Logistics Network Limited, XPO Logistics Inc., Röhlig Logistics GmbH & Co. KG, AIT Worldwide Logistics Inc., Noatum Logistics USA LLC, Logistics Plus Inc., Samskip Multimodal, Speed Commerce Inc., Ceva Logistics AG, ColliCare Logistics AS, LGT Logistics AB, DHL Supply Chain, CG Logistics Pvt. Ltd., Massood Logistics Inc., NTG Nordic Transport Group A/S, Ross Furniture Logistics

Table of Contents
1. Executive Summary
2. Furniture Logistics Market Report Structure
3. Furniture Logistics Market Trends And Strategies
4. Furniture Logistics Market - Macro Economic Scenario
5. Furniture Logistics Market Size And Growth
…..
27. Furniture Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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