Furniture Market - Essential Part of Modern Lifestyle worth US$ 1017.5 Billion 2029 with a CAGR of 5.3%-By PMI

covina, March 14, 2023 (GLOBE NEWSWIRE) -- Furniture Market - Essential Part of Modern Lifestyle worth US$ 1017.5 Billion 2029 with a CAGR of 5.3%
The furniture market is a large and diverse industry that encompasses a wide range of products, from basic household furnishings to high-end designer pieces. The global furniture market has been growing steadily in recent years, with a compound annual growth rate (CAGR) of around 5.3%from 2020 to 2029, according to industry reports.

Key Highlights:

• In 2018, La-Z-Boy Incorporated declared the acquisition of the Arizona La-ZBoy Furniture Galleries stores, which compose the largest-volume licensee operator within the 350-store network, from EBCO, Inc., owned by Edward O. Breunig, III, and an independent dealer.
• In 2018, WILLIAMS-SONOMA INC. expanded its online reach to its consumers by expanding augmented reality features, introducing buy online/pickup in-store programs to more stores, and ramping up digital advertising.

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Top companies Covered in Furniture Market:

• Century Furniture LLC
• Ashley Furniture Industries Inc.
• Raymours Furniture Company Inc.
• Herman Miller Inc.
• Masco Corporation
• Okamura Corporation, & J. G.
• Stickley, Inc.
• Steelcase Inc.
• Williams-Sonoma Inc.
• Godrej & Boyce Manufacturing Company Ltd.

Furniture Market segmentation:-

By Material

• Wood
• Plastic
• Metal
• Others (Leather and Glass)

By Application

• Residential
• Kitchen & Dining
• Bedroom
• Living Room
• Outdoor
• Commercial
• Hotels
• Offices
• Educational institutes
• Hospitality

By Sales Channel

• Online
• Offline

Regional analysis:-

North America 

• U.S
• Canada

Europe 

• UK
• Germany
• Spain
• France
• Italy
• Russia
• Rest of Europe

Asia Pacific 

• Japan
• India
• China
• South Korea
• Australia
• Rest of Asia-Pacific

Latin America 

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Middle East & Africa 

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Report Scope:

Attribute	Details
Base year for estimation	2022
Forecast period	2022– 2032
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Scope of the Report:

Global Furniture Market, By Material, 2020 – 2030, (US$ Mn)

• • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Segment Trends
  • Wood
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Plastic
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Metal
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Others
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
      • Leather
      • Glass

2. Global Furniture Market, By Application, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Residential
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Kitchen & Dining
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Bedroom
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Living Room
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Outdoor
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Commercial
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Hotels
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Office
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Educational institutes
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Hospitality
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Competitive Landscape:

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends, which will help companies enlarge their businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant vital players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships, along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Key Questions answered in Furniture Market?

• What is the size and scope of the furniture market?
• What are the major drivers of growth in the furniture market?
• What are the most important trends in the furniture market?
• Who are the key players in the furniture market?
• What is the competitive landscape of the furniture market?

About us:

Prophecy Market Insights is specialized market research, marketing/business strategy, analytics, and solutions that offer strategic support to clients for making well-informed business decisions and identifying and achieving high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome transform and advance their businesses with growth.

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