According to Goldstein Market Intelligence, the global furniture market is expected to reach USD 550 billion by 2024 from USD 400 billion in 2016, growing at a CAGR of 4.2% over the forecast period through 2024. Rising urbanization and growing office-based sectors are significantly driving the growth of home and office furniture market. Furniture market segmentation has been carried out on the basis of product, by packaging, by material, by end users and by distribution channel. By distribution channel, online sales of furniture accounted for 30% share in total sales which is further expected to expand at a CAGR of 11% over the forecast period.
 
Global furniture market is dominated by Asia-Pacific estimated to reach USD 184.7 billion by 2024 owing to rising personal disposable income of people and readiness to spend on luxury and antique furniture.
 
Market Segmentation
On the basis of our in-depth analysis, Global Furniture Market can be segmented as follows:
By Product Type
Seating
Sleeping
Tables
Storage
By Material Type
Wood
Plastic
Metal
Leather
Glass
By End Users
Residential
Commercial
By Distribution channel
Online Channels
Offline Channels (wholesaler, retailers, Agents etc )
 By Region
North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
 
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“Global Furniture Market Outlook 2024” by Goldstein Market Intelligence contains detailed overview of the global furniture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by material, by end users and by distribution channel.
 
Further, Global Furniture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asIKEA, Williams-Sonoma, Ashley Furniture, Steel Case, OKAMURA, 9 to 5 Seating, Godrej Interio, Rooms To Go, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
 
Overall, the report represents the global furniture market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
 
The Report is Available @ https://www.goldsteinresearch.com/report/global-furniture-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
 
About Goldstein Market Intelligence
 
Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory and research related services to clients. We, at Goldstein Intelligence Group (GIG) practice works side by side with chief executives and their teams to create effective strategies and secure alignment across the organisation. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world.
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