Global Furniture And Home Furnishing Market 2024-2028
The furniture and home furnishing market is forecasted to grow by USD 118.88 bn during 2023-2028, accelerating at a CAGR of 3.46% during the forecast period. The report on the furniture and home furnishing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by evolving consumer demographics in emerging economies, growth of organized retail sale, and increase in residential and commercial construction.
Technavio's furniture and home furnishing market is segmented as below:
By Application
By Distribution Channel
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing demand for personalized furniture and home furnishings as one of the prime reasons driving the furniture and home furnishing market growth during the next few years. Also, increasing number of strategic alliances and partnerships and rising emphasis on circular economy principles will lead to sizable demand in the market.
The report on the furniture and home furnishing market covers the following areas:
- Furniture and home furnishing market sizing
- Furniture and home furnishing market forecast
- Furniture and home furnishing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading furniture and home furnishing market vendors that include Ashley Global Retail LLC, Bernhardt Furniture Co., Blu Dot Design and Manufacturing Inc., Ethan Allen Interiors Inc., Flexsteel Industries Inc., Godrej and Boyce Manufacturing Co. Ltd., Heritage Home Furnishings, Hickory Chair LLC, Hooker Furniture Corp., Inter IKEA Holding B.V., Kartell SpA, Kohler Co., LaZBoy Inc., MillerKnoll Inc., Minotti S.p.A., Oppein Home Group Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Stanley Lifestyles Ltd., and Williams Sonoma Inc.. Also, the furniture and home furnishing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.