According to Goldstein Research, furniture market is driven by growing urbanization and simultaneously rising personal disposable income of people. Global furniture market is expected to reach USD 550.0 billion by 2024 from USD 400 billion in 2016, growing at a CAGR of 4.2% over the forecast period 2016-2024. Global furniture market breakdown includes material types such as wood, plastic, metal, leather and glass. Rapid urbanization and growth in real estate business has significantly bolstered the growth of furniture market. The furniture market has expanded to the manufacturing of home interiors and furnishing that exhibit class and high-quality.

Global furniture market is dominated by Asia Pacific with 1/3rd share of global furniture market in 2016. China and India are the largest producers of furniture in the APAC region which is expected to witness significant growth in production owing to rising domestic demand for furniture.

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Market Segmentation
On the basis of our in-depth analysis, Global Furniture Market can be segmented as follows:

On the basis of Product Type

o Seating
o Sleeping
o Tables
o Storage

On the basis of Material Type

o Wood
o Plastic
o Metal
o Leather
o Glass

On the basis of End-Users

o Residential
o Commercial

On the basis of Distribution Channel

o Online Channels
o Offline Channels (wholesaler, retailers, Agents etc )

On the basis of region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Furniture Market Outlook 2024” 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 type, by end-user and by distribution channel.

Further, for the in-depth analysis, 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 as IKEA, Williams-Sonoma, Ashley Furniture, Steel Case, Okamura, 9 to 5 Seating, Godrej Interio, Rooms To Go, TJX, Herman Miller, HNI, Clarin, Creative Wood, Kimball International, 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 size 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.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on consumer goods industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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