Furniture Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Furniture Market
The furniture market size was valued at USD 516.66 billion in 2022, and the market is now projected to grow from USD 541.52 billion in 2023 to USD 780.43 billion by 2030, exhibiting a CAGR of 5.36% during the forecast period of 2024-2030.
The unsure occurrence of COVID-19 lockdown suggestions has delivered approximately the shutting down of upholstery shops worldwide, ensuing in a decline in earnings. Additionally, humans are limiting their visits to the ones shops to keep away from coronavirus infection. These elements pose notable disturbing conditions to the general organization growth at some level in the pandemic. For example, in March 2020, the U.S. Department of Commerce stated a 26.Eight% drop in U.S. Furnishings shops' profits in evaluation to the preceding month.
The steady creation of pricey domestic conveniences by means of groups entices consumers to purchase this high-stop merchandise, thereby driving market increase. For instance, in February 2020, BAXTER, an Italian home fixture company, along with its Indian supplier, Sources Unlimited, released steeply-priced, innovative, and distinctly crafted fixture merchandise in India.
The excessive use of formaldehyde-based objects has induced fitness issues inclusive of respiratory troubles and skin infection. To keep away from these problems, customers are increasingly more choosing formaldehyde-unfastened fixtures crafted from sustainable materials like rattan, bamboo, and recycled textiles. In 2020, an American e-change enterprise stated a 171% boom in searches for ""sustainable fixtures"" in the U.K in evaluation to 2019. This developing interest in sustainable objects is predicted to force market increase at some stage in the forecast length.
Comprehensive Analysis of Furniture Market
The furniture market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by raw material analysis, by category analysis and by end-user analysis. By raw material analysis include, metal, plastic and others. By category analysis include, indoor and outdoor. By end-user analysis includes, residential, office, hotel and others.
The Asia Pacific region lead the furniture market share by benefitting a market size of USD 247.49 billion in 2023 due to the largest market part is held by Asia Pacific region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Harman Miller Inc. (U.S.), Steelcase Inc. (U.S.), HNI Corporation (U.S.), Ashley Furniture Industries Inc. (U.S.), Duff & Phelps, LLC. (U.S.), Global Furniture USA (U.S.), ZouYou (China), P & C ArteMobili SA (Brazil), Saudi Modern Factory Co. (Saudi Arabia), DEDON GmbH (Germany), Dare Studio (England), these market players provide a level-playing competitive landscape.
In July 2022, Harman Miller Inc. partnered with G2 Esports to supply gaming chairs, desks, and monitor arms, aiming to increase sales revenue and gross profit.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.36% from 2023 to 2030
Unit Value (USD Billion)
By Raw Material
Wood
Metal
Plastic
Others
By Category
Indoor
Outdoor
By End-User
Residential
Office
Hotel
Others
Segmentation North America (By Raw Material, Category, End-User, and by Country)
- U.S. (By Raw Material)
- Canada (By Raw Material)
- Mexico (By Raw Material)
Europe (By Raw Material, Category, End-User, and Country)
- Germany (By Raw Material)
- France (By Raw Material)
- Italy (By Raw Material)
- Spain (By Raw Material)
- U.K. (By Raw Material)
- Rest of Europe (By Raw Material)
Asia Pacific (By Raw Material, Category, End-User, and by Country)
- China (By Raw Material)
- India (By Raw Material)
- Japan (By Raw Material)
- Australia (By Raw Material)
- Rest of Asia Pacific (By Raw Material)
South America (By Raw Material, Category, End-User, and by Country)
- Brazil (By Raw Material)
- Argentina (By Raw Material)
- Rest of South America (By Raw Material)
Middle East and Africa (By Raw Material, Category, End-User, and by Country)
- South Africa (By Raw Material)
- UAE (By Raw Material)
- Saudi Arabia (By Raw Material)
- Rest of the Middle East and Africa (By Raw Material)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis (in relation to COVID-19)
- 5. Global Electric Toothbrush Market Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type (Value)
- 5.2.1.1. Battery Powered
- 5.2.1.2. Rechargeable
- 5.2.2. By End-User (Value)
- 5.2.2.1. Male
- 5.2.2.2. Female
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Electric Toothbrush Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type (Value)
- 6.2.1.1. Battery Powered
- 6.2.1.2. Rechargeable
- 6.2.2. By End-User (Value)
- 6.2.2.1. Male
- 6.2.2.2. Female
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S
- 6.2.3.1.1. By Product Type (Value)
- 6.2.3.1.1.1. Battery Powered
- 6.2.3.1.1.2. Rechargeable
- 6.2.3.2. Canada
- 6.2.3.2.1. By Product Type (Value)
- 6.2.3.2.1.1. Battery Powered
- 6.2.3.2.1.2. Rechargeable
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Product Type (Value)
- 6.2.3.3.1.1. Battery Powered
- 6.2.3.3.1.2. Rechargeable
- 7. Europe Electric Toothbrush Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type (Value)
- 7.2.1.1. Battery Powered
- 7.2.1.2. Rechargeable
- 7.2.2. By End-User (Value)
- 7.2.2.1. Male
- 7.2.2.2. Female
- 7.2.3. By Country (Value)
- 7.2.3.1. U.K.
- 7.2.3.1.1. By Product Type (Value)
- 7.2.3.1.1.1. Battery Powered
- 7.2.3.1.1.2. Rechargeable
- 7.2.3.2. Germany
- 7.2.3.2.1. By Product Type (Value)
- 7.2.3.2.1.1. Battery Powered
- 7.2.3.2.1.2. Rechargeable
- 7.2.3.3. France
- 7.2.3.3.1. By Product Type (Value)
- 7.2.3.3.1.1. Battery Powered
- 7.2.3.3.1.2. Rechargeable
- 7.2.3.4. Italy
- 7.2.3.4.1. By Product Type (Value)
- 7.2.3.4.1.1. Battery Powered
- 7.2.3.4.1.2. Rechargeable
- 7.2.3.5. Spain
- 7.2.3.5.1. By Product Type (Value)
- 7.2.3.5.1.1. Battery Powered
- 7.2.3.5.1.2. Rechargeable
- 7.2.3.6. Russia
- 7.2.3.6.1. By Product Type (Value)
- 7.2.3.6.1.1. Battery Powered
- 7.2.3.6.1.2. Rechargeable
- 7.2.3.7. Rest of Europe
- 7.2.3.7.1. By Product Type (Value)
- 7.2.3.7.1.1. Battery Powered
- 7.2.3.7.1.2. Rechargeable
- 8. Asia-Pacific Electric Toothbrush Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type (Value)
- 8.2.1.1. Battery Powered
- 8.2.1.2. Rechargeable
- 8.2.2. By End-User (Value)
- 8.2.2.1. Male
- 8.2.2.2. Female
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Product Type (Value)
- 8.2.3.1.1.1. Battery Powered
- 8.2.3.1.1.2. Rechargeable
- 8.2.3.2. India
- 8.2.3.2.1. By Product Type (Value)
- 8.2.3.2.1.1. Battery Powered
- 8.2.3.2.1.2. Rechargeable
- 8.2.3.3. Japan
- 8.2.3.3.1. By Product Type (Value)
- 8.2.3.3.1.1. Battery Powered
- 8.2.3.3.1.2. Rechargeable
- 8.2.3.4. South Korea
- 8.2.3.4.1. By Product Type (Value)
- 8.2.3.4.1.1. Battery Powered
- 8.2.3.4.1.2. Rechargeable
- 8.2.3.5. Rest of Asia-Pacific
- 8.2.3.5.1. By Product Type (Value)
- 8.2.3.5.1.1. Battery Powered
- 8.2.3.5.1.2. Rechargeable
- 9. South America Electric Toothbrush Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type (Value)
- 9.2.1.1. Battery Powered
- 9.2.1.2. Rechargeable
- 9.2.2. By End-User (Value)
- 9.2.2.1. Male
- 9.2.2.2. Female
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Product Type (Value)
- 9.2.3.1.1.1. Battery Powered
- 9.2.3.1.1.2. Rechargeable
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Product Type (Value)
- 9.2.3.2.1.1. Battery Powered
- 9.2.3.2.1.2. Rechargeable
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Product Type (Value)
- 9.2.3.3.1.1. Battery Powered
- 9.2.3.3.1.2. Rechargeable
- 10. Middle East & Africa Electric Toothbrush Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type (Value)
- 10.2.1.1. Battery Powered
- 10.2.1.2. Rechargeable
- 10.2.2. By End-User (Value)
- 10.2.2.1. Male
- 10.2.2.2. Female
- 10.2.3. By Country (Value)
- 10.2.3.1. UAE
- 10.2.3.1.1. By Product Type (Value)
- 10.2.3.1.1.1. Battery Powered
- 10.2.3.1.1.2. Rechargeable
- 10.2.3.2. South Africa
- 10.2.3.2.1. By Product Type (Value)
- 10.2.3.2.1.1. Battery Powered
- 10.2.3.2.1.2. Rechargeable
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Product Type (Value)
- 10.2.3.3.1.1. Battery Powered
- 10.2.3.3.1.2. Rechargeable
- 11. Competitive Matrix
- 11.1. Global Electric Toothbrush Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. Colgate-Plamolive Company
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. The Procter & Gamble Company
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Koninklijke Philips N.V.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Xiaomi
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Ionsei USA
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Panasonic Corporation
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Water Pik, Inc.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. DenMat Holdings, LLC
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Shenzhen Risun Technology Co. Ltd.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Foreo
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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