Furniture Market Introduction and Overview
According to SPER market research, ‘Global Furniture Market Size- By Product, By Material, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Furniture Market is predicted to reach 1388.89 billion by 2034 with a CAGR of 6.17%.
Furniture is made up of movable objects that facilitate a variety of human activities, including sleeping, sitting, and storing possessions. It is divided into many sorts, including desks, seats, tables, beds, couches, and cupboards. Beds offer a place to relax, tables are utilized for work and dining, chairs and sofas allow seating, and desks and cabinets aid with organizing and storage.
Restraints:Market expansion is expected to be hampered by the existing middle class’s preference for low-cost products and used furnishings over luxury items. Large organizations’ growth is also being hampered by intense competition from unorganized enterprises in other countries. The growth of the furniture industry is expected to be hampered by global variations in the price of raw materials as well as various import and customs levies on furniture components.
Production expenses are directly impacted by the high cost of raw materials, which restricts the market’s demand for furniture. Changes in the price of goods like metal, wood, and fabrics can increase production costs and lower the profit margins of furniture manufacturers.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Material, By Application.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered
Ashley Furniture Industries Inc., IKEA, Jason Furniture (HangZhou) Co., Ltd, La-Z-Boy Inc., Oppein Home Group Inc., Raymour & Flanigan, RH (Restoration Hardware), Steelcase Inc., Williams-Sonoma, Inc., and others.
Furniture Market Segmentation:
By Product:Based on the Product, Global Furniture Market is segmented as; Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves, Others.
By Material:Based on the Material, Global Furniture Market is segmented as; Metal, Wood, Plastic, Glass, Others.
By Application:Based on the Application, Global Furniture Market is segmented as; Residential, Commercial.
By Region:This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Furniture Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Furniture Market
- 7. Global Furniture Market, By Product, (USD Million) 2021-2034
- 7.1. Beds
- 7.2. Tables & Desks
- 7.3. Sofa & Couch
- 7.4. Chairs & Stools
- 7.5. Cabinets & Shelves
- 7.6. Others
- 8. Global Furniture Market, By Material, (USD Million) 2021-2034
- 8.1. Metal
- 8.2. Wood
- 8.3. Plastic
- 8.4. Glass
- 8.5. Others
- 9. Global Furniture Market, By Application, (USD Million) 2021-2034
- 9.1. Residential
- 9.2. Commercial
- 10. Global Furniture Market, (USD Million) 2021-2034
- 10.1. Global Furniture Market Size and Market Share
- 11. Global Furniture Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
- 12. Company Profile
- 12.1. American Signature
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Ashley Furniture Industries Inc.
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. IKEA
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Jason Furniture (HangZhou) Co., Ltd
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. La-Z-Boy Inc.
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Oppein Home Group Inc.
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Raymour & Flanigan
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. RH (Restoration Hardware)
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Steelcase Inc.
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Williams-Sonoma, Inc.
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
- 13. Conclusion
- 14. List of Abbreviations
- 15. Reference Links
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