“Furniture Market Report: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global furniture market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.

Report Metrics

Historical Year: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

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Furniture represents the movable and ergonomic objects used in commercial or residential spaces for storage and seating arrangements. They generally comprise tables, chairs, beds, cupboards, desks, cabinets, etc., that support various essential functions, such as dining, sleeping, eating, etc. Furniture is manufactured by using several raw materials, such as glass, wood, plastic, steel, leather, etc. It is widely utilized in different corners of a home, such as kitchens, offices, bedrooms, etc., to improve the appearance and functionality of the place. In line with this, furniture can find extensive applications as accessories, such as lights and paintings, that aid in enhancing the aesthetic appeal of the given space.

Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.

Global Furniture Industry Trends and Drivers:

The increasing residential and infrastructural development activities, coupled with the expanding population across the globe, are primarily driving the furniture market. Additionally, the escalating demand for space-saving and versatile furnishings that can easily be accommodated in smaller spaces, owing to the growing number of nuclear families, is further catalyzing the market growth. Besides this, the inflating need for smart workplace furniture that promotes better posture and movement support is acting as another significant growth-inducing factor. Moreover, the rising consumer inclination towards luxury items that act as status symbols and add value to a space is also augmenting the global market. Apart from this, the introduction of sustainable product variants that are produced from numerous recycled items, such as textiles, salvaged wood, wood pallets, etc., along with natural materials, including rattan, bamboo, seagrasses, etc., is anticipated to fuel the furniture market over the forecasted period.

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Global Furniture Market Segmentation:

The market is segmented in on the basis of type, end use and region.

• Type

• End use

• Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Competitive Landscape:

The report also provides insights on the competitive landscape of the global furniture industry with the leading players profiled in the report.

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