New York, July 18, 2022 (GLOBE NEWSWIRE) -- According to the report published by Next Move Strategy Consulting, the global furniture market generated USD 637.26 billion in 2021, and is estimated to reach USD 945.53 billion by 2030, manifesting a CAGR of 4.5% from 2022 to 2030. The report provides a detailed analysis of key segments based on regions and countries with the help of graphical and tabular formats. In addition, the research profiles and analyzes key market players and outlines driving factors & opportunities.
Explaining each and every aspect in 459 pages and including 382 tables and 358 figures, the report highlights factors and analysis that would help in strengthening the market position in the coming years. In addition, the research outlines the impact of the Covid-19 pandemic on the furniture market size and strategies adopted by market players in tackling the impact of the pandemic.
Request a free sample: https://www.nextmsc.com/furniture-market/request-sample
| Report Coverage | Details |
| Forecast Period | 2022–2030 |
| Base Year | 2021 |
| Market Size in 2021 | USD 637.26 billion |
| Market Size in 2030 | USD 945.53 billion |
| CAGR | 4.5% |
| No. of Pages | 459 |
| Tables | 382 |
| Figures | 358 |
| Segments covered | Type, Product Type, Material Type, End Use, Distribution Channel, Price Range, and Geography. |
| Drivers | Rise of the real estate and hospitality industries |
| Surge in demand for luxury and premium furniture | |
| Opportunities | The emergence & proliferation of smart furniture with smart city projects |
| Availability of low-cost furniture from countries including China and Vietnam |
The research offers an extensive analysis of drivers, restraints, and opportunities of the global furniture market. This analysis is helpful in determining the factors to be tapped on to increase the market stake. Rise of the real estate and hospitality industries, surge in demand for luxury and premium furniture, and increase in government investments for infrastructural development drive the growth of the market. However, lack of excellent transportation facilities and scarcity of skilled labor restrain the market.
Explaining the opportunities that are present in the furniture industry, the Lead Analyst for the Consumer Goods category at Next Move Strategy Consulting, stated, “The emergence & proliferation of smart furniture with smart city projects create lucrative opportunities in the coming years. Moreover, availability of low-cost furniture from countries including China and Vietnam offer opportunities for the sustainable growth.”
Buy this report directly from here: https://www.nextmsc.com/report/furniture-market
The report analyzes segments and their sub-segments of the global furniture market based on type, product type, material type, end use, distribution channel, price range, and geography. Through tables and figures, each segment and sub-segment is analyzed in the report. Based on report, the type segment is sub-segmented based on RTA and non-RTA. On the basis of product type, the report further classifies the market into beds and mattresses, entertainment units, sofas and armchairs, tables and desks, storage units, and other furniture.
Based on material type, the research sub-segments the market into plastic, melamine, wood, steel, glass, finished foils, wrapped panels, laminates, and lacquered panels. On the basis of end use, the research bifurcates the market into residential and commercial. Based on distribution channel, the report sub-segments the market into home centers, specialty stores, flagships stores, e-commerce, and other distribution channels. The report sub-divides the price range segment into high-end price furniture, medium price range furniture, and low-price range furniture.
Need a customized report, get in touch with us here: https://www.nextmsc.com/contact
Based on geography, the report classifies the market into North America, Europe, Asia-Pacific, and RoW. According to the report, North America contributed to the highest market share based on revenue in 2021, and is projected to maintain its dominance during the forecast period. This is due to rise in usage of designer furniture containing new textures along with rise in spending capacity of consumers in real estate in the region. However, Asia-Pacific is projected to attain the highest growth rate in the coming years, owing to surge in investments in home decoration and furniture along with rise in development activities for residential buildings.
.The report analyzes each region and country on the basis of each segment and sub-segment. This will help market players, investors, and new entrants in determining the scenario in different regions and adopt strategies to raise the furniture market share.
If you have any queries, you can enquire before purchasing: https://www.nextmsc.com/furniture-market/inquire-before-buying
The research offers detailed analysis of leading market players based on product portfolio, key strategies adopted, and competitive landscape. Leading players analyzed in the research include Ashley Furniture Industries, Inc., Herman Miller, Bassett Furniture Industries, Inc., Inter Ikea Group, Cymax Group Technologies Ltd., Godrej & Boyce Manufacturing Co., Ltd., Kimball International, Inc., Kohler Company, Hooker Furniture, Steelcase Inc., HNI Corp., Home Depot, Inc., Herman Miller Inc., Bene GmbH, and others.
Buy a full report here: https://www.nextmsc.com/report/furniture-market
Also, Browse Related Reports:
Smart Furniture Market by Product Type (Smart Table and Desks, Smart Stools and Benches, Smart Sofas, Smart Chairs, and Smart Bed), by End Use (Residential and Commercial), and by Distribution Channel (Online and Offline) – Global Opportunity Analysis and Industry Forecast 2022-2030
Upholstered Furniture Market by Type (Chair, Sofas, Table, Beds and Other Types), by Price Range (Mass and Premium), by End Use (Residential and Commercial) and by Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Channels and Others) - Global Opportunity Analysis and Industry Forecast 2022-2030
E-Commerce Furniture Market by Type (RTA and Non-RTA), by Product Type (Beds and Mattresses, Sofas and Armchairs, Entertainment Units, Storage Units, Tables and Desks, and Other Furniture), by Material Type (Plastic, Wood, Melamine, Glass, Steel, Wrapped Panels, Finished Foils, Laminates, and Lacquered Panels), by End Use (Residential and Commercial), and by Price Range (High-End Price Furniture, Medium Price Range Furniture, and Low-Price Range Furniture) – Global Opportunity Analysis and Industry Forecast 2022-2030
About Us:
Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analyzed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top quality research and the obsession of turning data into knowledge by dissecting every bits of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enable them to move beyond time and have competitive edge in the industry.
We have been servicing over 1,000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
