DUBLIN--(BUSINESS WIRE)--The "Furniture - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Furniture estimated at US$545.9 Billion in the year 2022, is projected to reach a revised size of US$872.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.
Wood, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$335.5 Billion by the end of the analysis period. Growth in the Metal segment is estimated at 6.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $119.7 Billion, While China is Forecast to Grow at 8.2% CAGR:
- The Furniture market in the U.S. is estimated at US$119.7 Billion in the year 2022.
- China, the world's second largest economy, is forecast to reach a projected market size of US$159.3 Billion by the year 2030, trailing a CAGR of 8.2% over the analysis period 2022 to 2030.
- Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Companies Mentioned:
- Ace Hardware Corporation
- Ac Pacific Corporation
- A.R.T. Furniture, Inc.
- AAA State of Play
- Abbyson Living
- Adams Manufacturing
- Agio International Co., Ltd.
- Alfresco Home LLC
- Allagash Wood Products, Inc.
- American Chair & Seating Corporation
- American Holtzkraft, Inc.
- ACTIU Berbegal y Formas S.A.
- Ak-47 S.R.L.
- 13CASA.COM Srl
What's New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Notable Trends Influencing Growth Outlook in the Furniture Market
- Pandemic-Driven Changes to Propel Furniture Industry's Growth
- Technology Trends Influencing Growth of Furniture Industry
- 3D Modelling & Visualization Adds New Capabilities in Furniture Design
- Tech-Enabled Smart Furniture Comes to the Fore
- Growing Popularity of Eco-Friendly Furniture
- Rising Obesity Levels Drive the Need for Larger Furniture
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Average Per Capita Annual Health Expenditure (In US$) due to Obesity
- Restaurants Look to Accommodate Obese Customers
- Plus-Sized Furniture for Addressing Needs of Overweight People
- Rise in Demand for Multi-Functional Furniture for Homes and Flexible Workspaces
- Select Types of Multipurpose Furniture for Space Constrained Homes
- Changing Trends in the Choice of Materials Used in Furniture
- Increasing Trend Towards Smart Homes Drives Demand for Smart Furniture
- Smart Home Penetration Rate (%) by Region/Country: 2020
- Global Smart Home Penetration Rate (%): 2017-2025
- A Review of Select Smart Furniture Products
- Challenges Facing Smart Furniture Manufacturers
- Pre-assembled or Ready-to-assemble (RTA) Furniture Gets Popular
- Office Furniture Market Facing Challenging Times Amidst the Pandemic
- Multifunctional and Personalized Office Furniture to Drive Market Gains
- Eco-Friendly Office Furniture Find Favor
- Private Sector Drives Growth in Office Furniture Market
- Infrastructure Transformation in Emerging Economies: Potential for Growth
- Office Furniture Design Trends in the Post-COVID Era
- Varied Designs for Different Customers' Needs
- Advent of Innovative and Inexpensive Furniture
- Low Imports in Developed Countries Affect Market Development
- Online Sales of Office Furniture Gather Pace
- Global Office Furniture Market by Distribution Channel (in %) for 2020
- Fierce competition in the Office Furniture Market
- Home Furniture Market: Stable Growth Ahead
- Wooden Furniture Continue to Hold Prominence among Customers
- Plastic Furniture: Lightweight and Low Cost Attributes Propel Sales
- Plastic Furniture Market Worldwide by Distribution Channel (in %) for 2022E
- Customers Exhibit Inclination towards Recycled Plastic Furniture
- Need for High-End Goods to Foster Demand for Luxury Furniture
- Luxury Furniture Market by Material Type (in %) for 2022E
- Luxury Furniture Sales Hit Hard by the Pandemic
- Transforming Luxury Furniture Designs: A Review
- Folding Furniture Sales Benefit from the Growing Needs of Constrained Spaces
- Outdoor Furniture Continues Gain Momentum
- Branded Furniture Finds Favor
- Competitive Scenario
- Healthcare Industry Creates Strong Demand for Aesthetic and Ergonomically Designed Furniture Post-Pandemic
- DTC (Direct To Consumer) Channel Gains Popularity in Furniture Market
- Benefits of DTC model in Furniture Brand Businesses
- Marketing DTC Furniture
- Digital Sales of Furniture Products Gain Traction Worldwide
- e-Commerce Platforms Boost Sales of Furniture
- Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
- B2B E-Commerce Driving Growth in Furniture Industry During COVID-19 Pandemic
- Noteworthy E-commerce Trends in Furniture & Furnishings Marketplace
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6pk5wv
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
