Furniture and Furnishing Research:CAGR of 5.4% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Furniture and Furnishing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The furniture and furnishing industry is a manufacturing sector in global with a long history. It includes the production of household, office and kitchen furniture, as well as mattresses, bedding and parts of furniture. A large variety of raw materials are used in production, including wood, rattan, plastic and metal. Wooden furniture is the industry's leading category in terms of production and exports.



【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/2324449/furniture-and-furnishing





Furniture and Furnishing Market Summary

According to the new market research report "Global Furniture and Furnishing Market Report 2023-2029", published by QYResearch, the global Furniture and Furnishing market size is projected to grow from USD 552.4 billion in 2023 to USD 755.8 billion by 2029, at a CAGR of 5.4% during the forecast period.

Global Furniture and Furnishing MarketSize(US$ Billion), 2018-2029
241118-172607.webp (14 KB)

Above data is based on report from QYResearch: Global Furniture and Furnishing Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.



Global Furniture and Furnishing Top18Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
241118-172625.webp (23 KB)

Above data is based on report from QYResearch: Global Furniture and Furnishing Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Furniture and Furnishing include IKEA, Ashley Furniture Industries, Tempur Sealy International, Williams-Sonoma, Restoration Hardware, Steelcase, Herman Miller, Kuka Home, Oppein Home Group, Okamura, etc. In 2022, the global top 10 players had a share approximately 10.0% in terms of revenue.

Furniture and Furnishing,Global Market Size, Split by Product Segment
241118-172648.webp (17 KB)

Based on or includes research from QYResearch: Global Furniture and Furnishing Market Report 2023-2029.

In terms of product type, currently Home Furniture is the largest segment, hold a share of 64.5%.



In terms of product application, currently Residential is the largest segment, hold a share of 75.0%.











Market Drivers:

Rising Disposable Income: Increased disposable income, especially in emerging economies, leads to higher consumer spending on furniture and home furnishings. As people's financial capabilities improve, they are more likely to invest in quality and aesthetically pleasing furniture for their homes.

Changing Consumer Lifestyles: Evolving consumer lifestyles, including a focus on home aesthetics, interior design, and the desire for comfortable living spaces, drive the demand for new and stylish furniture. Consumers seek innovative and functional designs that complement their lifestyles.

Urbanization and Housing Construction: Rapid urbanization and a growing global population contribute to increased demand for housing. As more homes are built, there is a parallel rise in demand for furniture and furnishings, providing opportunities for growth in the market.

E-Commerce and Online Retailing: The growth of e-commerce platforms has expanded the reach of furniture and furnishing manufacturers. Online retailing provides consumers with a convenient way to explore a wide range of products, compare prices, and make purchases, driving the overall market growth.

Restraint:

Economic Uncertainty and Cyclical Nature: Economic fluctuations and periods of uncertainty can influence consumer confidence and spending patterns. During economic downturns, consumers may postpone or scale back purchases of non-essential items, including furniture and furnishings. The furniture market, being sensitive to economic conditions, may experience reduced demand during recessions or times of financial instability.

Raw Material Price Volatility: The furniture industry relies on various raw materials, including wood, metal, fabrics, and foam. Fluctuations in the prices of these raw materials can impact production costs for furniture manufacturers. Price volatility can lead to challenges in maintaining profit margins and may, in turn, affect pricing strategies and overall market dynamics.

High Competition and Price Wars: The furniture and furnishing market is highly competitive, with numerous manufacturers and retailers vying for consumer attention. Intense competition can lead to price wars, where companies may lower prices to attract customers. While this can benefit consumers, it may squeeze profit margins for businesses and impact the overall health of the market.

Changing Consumer Preferences: Rapid changes in consumer preferences and trends can pose challenges for furniture manufacturers who need to adapt quickly to evolving styles and designs. Failure to keep up with changing tastes may result in excess inventory or outdated product lines, impacting the competitiveness of companies in the market.





The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Furniture and Furnishing market is segmented as below:

By Company

IKEA
Ashley Furniture Industries
Tempur Sealy International
Williams-Sonoma
Restoration Hardware
Steelcase
Herman Miller
Kuka Home
Oppein Home Group
Okamura
HNI Corporation
Sleep Number
Haworth
La-Z-Boy
Serta Simmons Bedding
KOKUYO
Sofia Furniture
Sleemon



Segment by Type

Home
Office
Hotel
Healthcare
Educational
Furnishing
Others



Segment by Application

Residential
Commercial



Each chapter of the report provides detailed information for readers to further understand the Furniture and Furnishing market:

Chapter 1: Introduces the report scope of the Furniture and Furnishing report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Furniture and Furnishing manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Furniture and Furnishing market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Furniture and Furnishing in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Furniture and Furnishing in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Furniture and Furnishing competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Furniture and Furnishing comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Furniture and Furnishing market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Furniture and Furnishing Market Research Report 2024
Global Home Furniture and Furnishing Market Insights, Forecast to 2030
Global Home Furniture and Furnishing Market Research Report 2024
Home Furniture and Furnishing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Hotel Furniture and Furnishing Market Insights, Forecast to 2030
Global Hotel Furniture and Furnishing Market Research Report 2024
Hotel Furniture and Furnishing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Luxury Furniture and Furnishing Market Insights, Forecast to 2030
Global Luxury Furniture and Furnishing Market Research Report 2024
Global Contract Furniture and Furnishing Market Insights, Forecast to 2030
Global Contract Furniture and Furnishing Market Research Report 2024
Global Commercial Furniture and Furnishing Market Research Report 2024
Global and United States Commercial Furniture and Furnishing Market Report & Forecast 2024-2030
Global Commercial Furniture and Furnishing Market Insights, Forecast to 2030
Commercial Furniture and Furnishing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Furniture and Furnishing E-commerce Market Insights, Forecast to 2030
Global Furniture and Furnishing E-commerce Market Research Report 2024
Global Residential Furniture and Furnishing Market Insights, Forecast to 2030
Global and United States Residential Furniture and Furnishing Market Report & Forecast 2024-2030
Residential Furniture and Furnishing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

About Us：

QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
Tel: 001-626-842-1666(US)  
JP: https://www.qyresearch.co.jp

This release was published on openPR.