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