Press release
Furniture Stores Market: Strong Growth Expected with $320.1 Billion Projected for 2025 and 8.4% CAGR
Furniture Stores Market Size
Exploring the Key Growth Drivers and Market Trends Shaping the Future of Furniture Stores Market_x000D_
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What Is The Projected Market Size Of The Global Furniture Stores Market And Its Growth Rate?_x000D_
The global furniture stores market has been witnessing strong growth, driven by factors such as housing market trends, homeownership rates, and consumer spending. The key statistics include:_x000D_
• The market size has grown from $295.17 billion in 2024 to an estimated $320.1 billion in 2025, with a CAGR of 8.4%._x000D_
• Continued growth is predicted in the next few years, with an expected market size of $421.77 billion in 2029 and a CAGR of 7.1%._x000D_
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What Is Driving The Growth In The Furniture Stores Market?_x000D_
The increasing demand for furniture is the key driver for the growth of the global furniture stores market. The demand stems from burgeoning global trends of home decoration and renovation. Furniture manufacturers are seeing strong sales as consumers increasingly look towards enhancing their living spaces with innovative and aesthetically pleasing furniture. A notable illustration is from the UK-based interior design firm, Hollywood Mirror, who reported that the manufacturing of furniture generated about $3.22 billion in February 2023. Furthermore, in 2021, UK manufacturers were successful in selling around 5.58 million pieces of wooden bedroom furnishings, indicative of the robust demand for furniture._x000D_
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Who Are the Key Players Driving Furniture Stores Market Growth?_x000D_
There are numerous notable contributors to the growth of the furniture stores market, including:_x000D_
• Steelcase Inc._x000D_
• HNI Corporation_x000D_
• Ashley Furniture Industries Inc._x000D_
• Inter IKEA Systems B.V._x000D_
• Herman Miller Inc._x000D_
• Global Furniture USA_x000D_
• Restoration Hardware Inc._x000D_
• Williams-Sonoma Inc._x000D_
• La-Z-Boy Inc._x000D_
• Raymour and Flanigan Furniture and Mattresses_x000D_
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What Are The Key Trends In The Furniture Stores Market?_x000D_
Key trends which will continue to shape the furniture markets outlook include:_x000D_
• Augmented reality for shopping_x000D_
• Rise of direct-to-consumer brands_x000D_
• Global supply chain challenges_x000D_
• Health and wellness in design_x000D_
• Experiential retail_x000D_
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What Are The Segments Of The Global Furniture Stores Market?_x000D_
The global furniture stores market is divided into the following segments for easier analysis:_x000D_
• Material: Wood, Metal, Plastic, Other Material types_x000D_
• Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture_x000D_
• Distribution Channel: Home Centers, Flagship Stores, Specialty Stores, Online, Other Distribution Channels_x000D_
• End-User: Residential, Office, Hotel, Other End-Users_x000D_
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Which Region Leads The Furniture Stores Market?_x000D_
Asia-Pacific region led the furniture stores market in 2024 and is expected to continue its supremacy during the forecast period. It's anticipated to be the fastest-growing region due to various factors like rising disposable incomes, urbanization, and changing consumer lifestyles, among others._x000D_
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https://www.thebusinessresearchcompany.com/report/furniture-stores-global-market-report_x000D_
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What Is Covered In The Furniture Stores Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Furniture Stores Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Furniture Stores Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Furniture Stores Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Furniture Stores Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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