Global Furniture Market 2023-2027

Global Furniture Market 2023-2027
The furniture market is forecasted to grow by USD 130.4 mn during 2022-2027, accelerating at a CAGR of 4.11% during the forecast period. The report on the furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by evolving consumer demographics in emerging economies, the growth of organized detail, and an increase in residential and commercial construction.

Technavio's furniture market is segmented as below:

By ProductHomeOfficeOthersBy Distribution ChannelOfflineOnlineBy Geographical LandscapeAPACEuropeNorth AmericaSouth AmericaMiddle East and AfricaThis study identifies the increasing number of strategic alliances and partnerships as one of the prime reasons driving the furniture market growth during the next few years. Also, growing environmental concerns due to deforestation and rising wages in manufacturing hubs will lead to sizable demand in the market.

The report on the furniture market covers the following areas:Furniture market sizingFurniture market forecastFurniture market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading furniture market vendors that include Ashley Furniture Industries LLC, Bernhardt Furniture Co., Dare Studio Ltd., Ethan Allen Interiors Inc., Flexsteel Industries Inc., Godrej and Boyce Manufacturing Co. Ltd., HNI Corp., Inter IKEA Holding BV, KOKUYO Co. Ltd., LaZBoy Inc., Masco Corp., MasterBrand Cabinets Inc., MillerKnoll Inc., Nitori Holdings Co. Ltd., Okamura Corp., Roomstogo.com Inc., Steinhoff International Holdings NV, The Home Depot Inc., Wayfair Inc., and Williams Sonoma Inc.. Also, the furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.