The Furniture Global Market Report 2023 by The Business Research Company, provides furniture market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.



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https://www.thebusinessresearchcompany.com/report/furniture-global-market-report


According to The Business Research Company’s Furniture Global Market Report 2023, the market size is expected to grow from $691 billion in 2022 to $739.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global furniture is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%.

Increasing demand for online shopping is expected to help the furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography.

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The furniture market is segmented:
1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades

2) By Type of Material: Metal, Wood, Other Materials

3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels
Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and customers in decision-making. Augmented reality mobile applications allow customers to place a virtual 3D model of furniture in a real room in real-time. This also helps customers view the furniture from all angles and positions. For instance, IKEA’s augmented reality application Place allows customers to preview over 2,000 pieces of furniture at home before purchasing them.

The furniture market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Furniture Market Characteristics
4. Furniture Market Product Analysis
5. Furniture Market Supply Chain
..............
21.3.5.4. Financial Performance
22. Key Mergers And Acquisitions In The Furniture Market
23. Market Background: Paper, Plastics, Rubber, Wood And Textile Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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