Global Furniture Market Report 2022 by The Business Research Company: Market Size, Trends and Forecast to 2026
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According to The Business Research Company’s “Furniture Global Market Report 2022”, the market share of furniture is expected to be worth 634.53 billion. The war in Ukraine affected prospects for a global economic recovery from the COVID-19 pandemic, at least in the short term .The war between these two countries has resulted in economic sanctions against several countries, a spike in commodity prices and supply chain disruptions that have affected many markets around the world. The furniture market is expected to grow to US$846.93 billion in 2026 at a CAGR of 5.60%. The increasing demand for online shopping is expected to contribute to the growth of the furniture manufacturing market.
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Important trends in the furniture market
Furniture manufacturers are investing in augmented reality technologies to help salespeople showcase their products and help customers make decisions. Mobile augmented reality applications allow customers to place a virtual 3D model of furniture in a real space in real time. This also helps customers view the furniture from all angles and positions. For example, IKEA’s augmented reality application Place allows customers to view over 2,000 pieces of furniture at home before making a purchase.
Overview of the furniture market
The furniture industry consists of the sale of furniture by companies (organizations, sole proprietorships and partnerships) that manufacture furniture, including tables, chairs, desks, cabinets or furnishings used in a room or building to support various human activities.
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TBRC Furniture Global Market Report 2022 provides the following information:
Market size data
• Forecast Period: Historical and Future
• By region: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
• By type: interior and office furniture, household furniture and kitchen cabinets, mattresses, blinds and blinds
• By material type: metal, wood, other materials
• By distribution channel: exclusive showrooms, online, hypermarkets, other distribution channels
• By Geography: The global furniture market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Major market players such as Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas NV, Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc., Masco Corporation, Man Wah Holdings and Sleep Number Company.
Trends, opportunities, strategies and much more.
The Furniture Global Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides furniture market research, furniture market forecasts and overview of the global furniture market. The market report analyzes the global Furniture Market size, the global Furniture Market growth drivers, the global Furniture Market segments, the major players of the Global Furniture Market, the growth of the Global Furniture Market in all regions, and the revenue and market positioning of the Furniture Market competitors. The Furniture Market report allows you to gain insights into opportunities and strategies, as well as to identify countries and segments with the highest growth potential.
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The Business Research Company has published over 3000 industry reports covering over 3000 market segments and 60 regions. The reports are backed by 150,000 datasets, extensive secondary research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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