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The global furniture market size reached a value of US$ 651 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 676 Billion by 2027, exhibiting a CAGR of 1.21% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Furniture refers to movable and ergonomic objects, such as chairs, tables, beds, cupboards, desks, sofas, and cabinets, used in residential and commercial places for seating arrangements, storage purposes, and improving the aesthetic value of space. It is manufactured using durable raw materials, including wood, plastics, glass, iron, and marble. Nowadays, manufacturers are offering multi-functional variants in varied colors, sizes, styles, and designs with enhanced aesthetics, comfort, functionality, and storage capacities for offices, homes, and indoor and outdoor areas.
The growing global population, rapid urbanization, and rising construction of residential and commercial buildings are among the key factors positively influencing the market. In addition, the expansion of the travel and tourism sector, in confluence with inflating income levels, changing lifestyles, and improving living standards, is increasing the usage of lightweight, versatile, and portable furniture with maximum storage facilities across the globe. Apart from this, the increasing number of nuclear families is propelling the sales of foldable and compact furniture that can be easily arranged in smaller spaces. Besides this, the growing number of people suffering from postural dysfunction is catalyzing the demand for ergonomically designed furniture to prevent health and posture problems among children and adults. Furthermore, the easy availability of innovative products through online shopping platforms is propelling market growth. Moreover, leading manufacturers are coming up with new designs and collaborating with interior designers to expand their market reach and capture a wider customer base. They are also introducing sustainable furniture made from recycled items, such as salvaged wood, textiles, and wood pallets, which is anticipated to drive the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global furniture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, distribution channel and end use.
Breakup by Material:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), Heritage Home Group LLC, HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc. and Stickley Furniture Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Material, Distribution Channel, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), Heritage Home Group LLC, HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc. and Stickley Furniture Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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