Furniture Market Size &Share is Expected to Rise at Higher CAGR Value, Driving Factors and Growth Forecast 2030

 

Furniture Market

Furniture Market -Overview:

Elegant home decor successfully accentuates the beauty of the living area. The market for such products is primarily driven by expanding home remodelling and decoration trends among the global population. Customers like to purchase intricately engineered furniture for their dining and living rooms, such as sofas, stools, and chairs. Additionally, with greater flexibility, employees can hold meetings and conversations in their offices by using sectional sofas. Households' growing need for chairs and stools in various sculptural forms, such as a pyramid, curves, and others, is anticipated to open up new prospects for market expansion.

The demand for more modern office furnishings in such settings is projected to decrease due to the growing acceptance of interior designs like cubicles, anchoring points, and others in corporate infrastructure settings. Growing consumer interest in outdoor recreation activities like gardening and planting will open up new markets for patio furniture like garden chairs. Furthermore, the popularity of PC and laptop gaming is projected to reduce the need for ergonomic chairs and gaming tables worldwide. Furniture Market Size was valued at USD 648.12 billion in 2021. The furniture market industry is projected to grow from 690.21 billion in 2022 to USD 886.68 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period (2022 - 2030).

Detailed Regional Analysis:

The growth of the hotel and real estate industries and rising disposable incomes, particularly in urban areas, are driving the Asia-Pacific furniture market. However, the quantity of competent workers at low costs allows Asian nations to sell their goods at highly attractive prices on the global market. The demand for smart and sustainable infrastructure solutions has increased due to population growth, environmental effects, and urbanization. Growing spending on buildings and construction due to rising per-capita disposable income and improved infrastructure in APAC would increase the demand for the goods.

Many wood furniture producers in nations like China and India are credited with expanding the Asia-Pacific area. This will encourage the populace in these nations to consume more of these products and fuel market expansion in the region. The growing popularity of high-end home décor among the populace in nations like Australia and India also contributes to expanding the furniture market in the region. Because a major portion of the United States and Canada population consumes these items, North America has a sizable proportion of the market and generates higher product revenues.

Segmental Analysis: 

By type, the global Furniture Market Overview is categorized into Non-RTA and RTA types. By material type, the global furniture market is categorized into wood, finished foils, laminates, wrapped panels, melamine, steel, glass, and lacquered panels. The global furniture market is categorized into commercial and household segments by end-user. By furniture type, the global furniture market is categorized into tables, sofas, chairs, beds, and cabinets.

Competitive Analysis:

In the projected term, it is anticipated that the spike in innovative items in the global supply chain will create new opportunities. Market output stabilization is thought to take a variety of forms. It is anticipated that the reorganization and enhancement of global supply networks and trade agreements will optimize the market in its entirety for the upcoming stage of development. Governments have moved quickly to the economic crisis to avoid the collapse of banks and financial institutions and lessen the impact of the banking crisis on the economy. These actions aim to speed up economic recovery and maintain economic stability. Throughout the projection period, the market expansion is anticipated to be encouraged by improved public policy. The need to evaluate and seize business possibilities is projected to produce attractive options soon. The repercussions of the ongoing epidemic on the world economy have made business continuity increasingly necessary. It is anticipated that the market will be impacted shortly by restructuring its main businesses.

The central players in the furniture market are Inter IKEA Systems B.V., Cymax Group Inc., HNI Corporation, Herman Miller, Inc., Dunn's Furniture, Kimball International, Inc., Dorel Industries Inc., Sauder Woodworking Company, The Godrej and Boyce Mfg. Co. Ltd and Venture Horizon Corporation.

Related Reports:

Above ground pools Market: Information By Type (Steel Pools, Aluminum Pools, Resin Pools, Wooden Pools and Hybrid Pools), Shape (Round, Square, Oval and Rectangular), Distribution Channel (Store-Based and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

Informations sur le marché de l'aromathérapie ; par produit (huiles essentielles (huiles essentielles (florales, agrumes, vertes/végétatives, herbacées/camphrées, épicées, autres), huiles de support et huiles mélangées), équipement (diffuseur nébuliseur, diffuseur à ultrasons, diffuseur de chaleur), application (tropicale, inhalation, diffusion aérienne) ; Application thérapeutique (Relaxation et sommeil, gestion de la douleur, soins de la peau et des cheveux, autres remèdes) - Prévisions jusqu'en 2030

Globaler Marktforschungsbericht für Tierpflegeprodukte: Informationen nach Produkttyp (Tiernahrung, Tierpflegeprodukte und andere), Haustiertyp (Hunde, Katzen und andere), Vertriebskanal (im Geschäft und nicht im Geschäft) und Region (Nordamerika, Europa, Asien-Pazifik und der Rest der Welt) - Prognose bis 2027

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

Comments

Post a Comment

Popular posts from this blog

European Protein Ingredients Market Size, Share, Regional Trends, Demand and Forecast 2033|MRFR

  Protein Ingredients Market Overview: AS per the MRFR reports, the global protein ingredients market is anticipated to record a healthy CAGR of over 8.71% during the review timeframe to acquire a size of approximately USD 90.173 Million by 2032. The European Protein Ingredients Market is a vital sector of the continent's food and beverage industry, characterized by increasing consumer demand for protein-rich products, changing dietary habits, and the growing emphasis on health and wellness. Protein ingredients, which encompass a variety of sources such as dairy, plant, and animal proteins, serve as essential components in a wide range of food and beverage applications, including sports nutrition, functional foods, and meal replacements. Key drivers of market growth in Europe include rising consumer awareness of the health benefits associated with protein consumption, the growing popularity of vegetarian and flexitarian diets, and the increasing demand for clean label and sustai...
Read more

Mexico Whiskey Market Detailed Summary, Present Industry Size and Future Growth Prospects to 2032

Whiskey Market Scope: The global whiskey market can reach a valuation of USD 83.32 billion by 2032. It is predicted to expand at a CAGR of 3.80% over the forecast period. Health benefits associated with consumption of the beverage in losing weight and prevention of diabetes can drive the market demand. It is useful in the treatment of sore throat and common cold. The demand is fueled by health-conscious consumers. Mexico Whiskey Market is an emerging and dynamic industry, fueled by changing consumer preferences, urbanization, and a growing taste for international spirits. While tequila and mezcal remain the country's most iconic spirits, whiskey is gaining popularity among Mexican consumers, particularly in urban centers and tourist destinations. Moreover, Mexico's whiskey industry is characterized by its diverse range of products, from imported Scotch and American bourbon to locally produced whiskies and blends. The market is witnessing increasing demand for premium and age...
Read more

Europe Savory Yogurt Foods Market Segmentation Detailed Study with Forecast To 2030

Savory Yogurt Foods Market Overview: The MRFR report projects that the global market for savory yogurt foods will grow substantially over the assessment era from 2022 to 2030. Europe Savory Yogurt Foods Market stands as a pivotal within the global dairy industry. Savory yogurt, characterized by its savory flavors and savory ingredients such as herbs, spices, and vegetables, holds significant appeal among European consumers seeking innovative and health-conscious food options. In Europe, savory yogurt foods find applications in diverse culinary traditions, ranging from Mediterranean-inspired dips to Indian-inspired raitas. With consumers increasingly prioritizing taste, convenience, and nutrition in their food choices, savory yogurt emerges as a favored choice, driving its market growth in Europe's competitive dairy market. Savory Yogurt Foods Market is expected to grow at Significant 3.89% CAGR from 2022 to 2030 as per MRFR Analysis Nutritious, savory yogurt foods are glute...
Read more