Global Furniture Market Growth 2024-2030

Global Furniture Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Furniture market size was valued at US$ 401910 million in 2023. With growing demand in downstream market, the Furniture is forecast to a readjusted size of US$ 537960 million by 2030 with a CAGR of 4.3% during review period.

The research report highlights the growth potential of the global Furniture market. Furniture are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Furniture. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Furniture market.

Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (tables), and sleeping (e.g., beds). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards and shelves). Furniture can be a product of design and is considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from many materials, including metal, plastic, and wood.

The home furniture segment accounts for the largest revenue share due to the evolution of flat-pack and RTA furniture. To cater to the rising demand, the vendors in the market are focusing on manufacturing flat-pack furniture for medium-price segments and solid wood furniture targeted at the high-end market.

Key Features:

The report on Furniture market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Furniture market. It may include historical data, market segmentation by Type (e.g., Metal Furniture, Plastic Furniture), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Furniture market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Furniture market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Furniture industry. This include advancements in Furniture technology, Furniture new entrants, Furniture new investment, and other innovations that are shaping the future of Furniture.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Furniture market. It includes factors influencing customer ' purchasing decisions, preferences for Furniture product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Furniture market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Furniture market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Furniture market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Furniture industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Furniture market.

Market Segmentation:

Furniture market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type

Metal Furniture

Plastic Furniture

Wood Furniture

Segmentation by application

Household

Office

Hospitality & Hotel

Education

Healthcare

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Steelcase

Herman Miller

Haworth

HNI Corporation

Okamura Corporation

Kokuyo

ITOKI

Global Furniture Group

Teknion

Knoll

Kimball International

KI

Kinnarps Holding

Nowy Styl

Ahrend

Henglin Chair Industry

Flokk

Fursys

SUNON

Uchida Yoko

Changjiang Furniture Company

Sedus Stoll

EFG Holding

Aurora

Bene

Quama

Martela

USM Holding

VS

Lanlin

IKEA

Ashley Furniture Industries

Steinhoff

Kimball

Hill-Rom

Stryker

Key Questions Addressed in this Report

What is the 10-year outlook for the global Furniture market?

What factors are driving Furniture market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Furniture market opportunities vary by end market size?

How does Furniture break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.