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Global Furniture Market Report by Goldstein Research
Furniture Market Report: Share, Size, Trends, Demand
Furniture market globally has its increasing foothold. With the rapid urbanization in a region real estate market also tends to grow thus driving the growth in demand for furniture. Moreover, the millennial population is majorly creating the demand for advanced and functional furniture, impacting largely the growth of furniture market globally. Global furniture market segmentation has been carried out on the basis of product type, material type, end users, distribution channel, and region. Based on the distribution channel, the online furniture portals is significantly contributing to the growth of world furniture market and over the forecast period, it expected to harness considerable market share. According to Goldstein Research, world furniture market size expected to reach more than USD 550 billion by 2024 from USD 400 billion in 2016, growing at a compounded annual growth rate of 4.2% over the forecast period 2016-2024.
Global furniture market is majorly driven by the Asia Pacific, majorly India and China in terms of both manufacturing and consumption of furniture. The major factors are the immense supply of raw material for the manufacturing of furniture and the highest population of millennial is in APAC region, creating high demand for the furniture market.
On the basis of our in-depth analysis, Global Furniture Market can be segmented as follows:
By Product Type
By Material Type
By End Users
By Distribution channel:
- Online Channels
- Offline Channels (wholesaler, retailers, Agents etc )
- North America
- Middle East and Africa
- Latin America
- Asia Pacific
“Global Furniture Market Outlook 2024” contains a detailed overview of the global furniture market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, material type, end users and distribution channel.
Further, for the in-depth analysis, Global Furniture Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IKEA, Williams-Sonoma, Ashley Furniture, Steel Case, Godrej Interio, Rooms To Go, TJX, Herman Miller, HNI, Okamura, 9to5 Seating, Clarin, Creative Wood, Kimball International, etc.
Furniture market expected to reach more than USD 450 billion by 2024. More than 40% production of furniture comes from high income countries such as Germany, United States, Italy, France and the UK. Growing presence of major furniture market players to tap the unorganized market is one of the major factors driving the growth of global RTA furniture market.
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Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.