Precision Business Insights has published a report on the global furniture market, estimating its value at USD 580.3 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/furniture-market

Market Definition:

The term "furniture" describes moveable pieces made to facilitate a variety of human activities, including eating, sleeping, working, and sitting, as well as to store or exhibit goods. It consists of items that make living and working areas comfortable and useful, such as desks, chairs, tables, mattresses, couches, and cupboards.

Drivers:

1) Rising urbanisation and demand for housing.
2) Increasing disposable income and lifestyle changes.

The global furniture market segmentation:

1) By Type: Ready-to-Assemble (RTA), Non-RTA.
2) By Material: Metal, Wood, Plastic, Glass.
3) By Application: Residential (Upholstered furniture, Non-upholstered furniture, Bedroom, Kitchen Cabinet, Dining Room, Blinds & Shades, Mattresses) ( Commercial (Business/Office, Educational, Healthcare, Hospitality.
4) By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online.

Regional Overview:
The report also examines the current concerns and their Future Effects on the furniture market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the furniture market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like IKEA, Ashley Furniture Industries, Steelcase Inc. Wayfair Inc. Williams-Sonoma, Inc. RH (Restoration Hardware) Global Furniture USA, La-Z-Boy Incorporated, Raymour & Flanigan, American Signature, Oppein Home Group Inc. Jason Furniture (Hangzhou) Co., Ltd, HNI Corporation, Bernhardt Furniture, Haworth Inc. Herman Miller, Leggett & Platt Incorporated, Tempur Sealy International, Inc. Newell Brands, Inc. Kohler Co. Hunter Douglas N.V. Universal Furniture Limited, Suofeiya Home Collection Co. Ltd, Yotrio Group Co. Ltd, Rubbermaid Incorporated, Johnson Controls Inc. AISIN Corporation, Lear Corporation, Owens Corning, Arrow Home Group Co. Ltd, Howden Joinery Group PLC, Yimpas Mobilya Sanayii ve Ticaret A.Ş, Guangdong Huasheng Furniture Manufacturing Co. Ltd, MillerKnoll, Inc. Hatil, Blum GmbH, Hettich, Häfele Group, Friul Intagli Industries S.p.A. Godrej Interio.

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