Global Furniture Market is Growing at a CAGR of 4.2% by 2024

Posted on 2018-07-20 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Jul-20 — /EPR Network/ —According to Goldstein Research, the global furniture market is expected to reach USD 550 billion by the end of 2024 from USD 400 billion in 2016, growing at a CAGR of 4.2%. Global furniture market is driven by growing urbanization and simultaneously rising personal disposable income of people. Global furniture market segmentation has been done on the basis of product type, by material type, by end-user, by distribution channel and geography. Furniture market is developing with the rise in personal and office space construction, mainly in urban areas. The furniture market is expanded up to the manufacturing of home interiors and furnishing that show class and high-quality standards.

Global furniture market had the largest share in Asia-Pacific, on the back of expansion in the real estate industry that significantly experienced a rise in demand for furniture. China and India are among the top producers of furniture. APAC is followed by North America and Europe in terms of furniture manufacturing.

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Market Segmentation

On the basis of our in-depth analysis, Global Furniture Market can be segmented as follows:

On the basis of Material Type

Wood
Plastic
Metal
Leather
Glass

On the basis of Product Type

Seating
Sleeping
Tables
Storage

On the basis of End-Users

Residential
Commercial

On the basis of Distribution Channel

Online Channels
Offline Channels (wholesaler, retailers, Agents etc )

On the basis of region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Furniture Market Outlook 2024” contains a detailed overview of the global furniture market. On the basis of our in-depth analysis, a market can be segmented in terms of market segmentation by product type, by material type, by end-user, and by 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 global market research report also includes competitive outlook of some of the major players profiling of companies such as IKEA, Williams-Sonoma, Ashley Furniture, Steel Case, Okamura, 9 to 5 Seating, Godrej Interio, Rooms To Go, TJX, Herman Miller, HNI, Clarin, Creative Wood, Kimball International, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global furniture market size along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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