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Global Furniture Market Become Dominant At CAGR Of 4.27% By 2021

Press Release   •   Aug 17, 2017 05:19 EDT

Latest industry research report on: Global Furniture Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Furniture is generally used for symbolic or decorative purposes. Wood, steel, plastic, glass, and many other materials are used in making furniture. It is built with some specific functionality like sleeping, studying, eating, and seating. Convenience and comfort play an important role in a consumers hectic lifestyle and schedule. With greater brand consciousness, the demand for branded furniture and home furnishings products has increased. Consumers worldwide are spending more on home decor products and are aware of the latest interior design trends and unique designer furnishings. This drives the global furniture market.

Technavios analysts forecast the global furniture market to grow at a CAGR of 4.27% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global furniture market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and excludes retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

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Technavios report, Global Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Ashley Furniture Industries
  • IKEA
  • Steelcase
  • Williams-Sonoma

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Other prominent vendors

  • Rooms To Go
  • TJX
  • Herman Miller
  • HNI
  • Okamura
  • 9to5 Seating
  • Clarin
  • Creative Wood
  • Kimball International

Market driver

Innovations in design

For a full, detailed list, view our report

Market challenge

Risks of international trade

For a full, detailed list, view our report

Market trend

Rising demand for multi-functional furniture

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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