Furniture Market

“Global Furniture Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global furniture market. Furniture is household equipment that is widely used in different spaces, such as offices, kitchens, and bedrooms, to enhance the appearance and functionality of the place. Apart from this, furniture can also be used as accessories, such as paintings and lights, that aid in improving the aesthetic appeal of the given space.

Increasing residential and infrastructural development activities across the globe, coupled with the rising population, are primarily fueling the demand for furniture across the globe. Furthermore, due to the inflating disposable incomes of the masses, consumers are now inclining toward the adoption of luxury furniture items, thereby creating a positive outlook for the market. Other factors, such as the easy availability of furniture through online retail stores and rapid urbanization, are also propelling the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the furniture market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the furniture market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the furniture market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the furniture Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the furniture Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the furniture Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the furniture Industry. Furthermore, the value chain analysis of the furniture Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Furniture Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the furniture Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.