Furniture Market Report: Global Opportunity Analysis and Industry Forecast, 2021–2030


Posted September 27, 2021 by ramtbrc

The global furniture market is expected to grow from $564.7 billion in 2020 to $671.7 billion in 2021 at a compound annual growth rate (CAGR) of 18.%.
 
Furniture Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the furniture industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected furniture market growth numbers 2021-2030.

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https://www.thebusinessresearchcompany.com/report/furniture-global-market-report-2020-30-covid-19-impact-and-recovery

The Furniture Global Market Report 2021-30 by The Business Research Company provides an in-depth analysis of the global furniture market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Furniture Global Market Report 2021 covers furniture market drivers, furniture market trends, furniture market growth rate, furniture market major players, player-adopted strategies in the market, and furniture market size.

The global furniture market is expected to grow from $564.7 billion in 2020 to $671.7 billion in 2021 at a compound annual growth rate (CAGR) of 18%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $850.8 billion in 2025 at a CAGR of 6%.

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The report covers the furniture market segments-
1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades
2) By Type of Material: Metal, Wood, Others
3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Others
Subsegments Covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade

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Tags furniture market , global furniture market
Last Updated September 27, 2021