Furniture Industry Outlook

The global furniture market is projected to grow at the rate of 5.2% during the forecast period 2018 to 2023.

Furniture industry outlook. Market Size & Industry Statistics. Global Furniture Mark et Outlook. Industry market size for Furniture Stores:

Global furniture market is projected to reach $800,596 million by 2025 end, with a CAGR of 3.5% from 2018 to 2025. Furniture industry is not limited to the use of wood; Companies in this industry manufacture household, office, and institutional furniture and related products, including mattresses.

Growing brand consciousness and increasing expenditure for furniture goods among millennial is supporting the market growth from last few years. The post Furniture Market Trends 2019 Global Industry Analysis, Share, Top Manufacturers, Application, Growth, Regional Outlook, Opportunities & Forecast to 2024 appeared first on America News. Why the EU furniture industry is important.

Additionally, easy availability of furniture in various regions through the online platform is influencing the. The product certainty and distribution efficiency of an omnichannel strategy moves furniture from a “bottom left” to a “top right” category online, when brick-and-mortar players are enabled with the right technology.. The Furniture market centers on different movable.

The Furniture market centers on different movable. The global furniture market size was valued at USD 480.7 billion in 2017 and is expected to grow at a CAGR of 5.1% from 2018 to 2025. According to the US Census Bureau, there are approximately over 87,000 establishments bringing in annual revenue of $120 million a year and employing more than 500,000 employees.

Rapid urbanization and growth in real estate business has significantly bolstered the growth of furniture market. Revenue in the Furniture market amounts to US$205,052m in 2020. CSIL Market Research Report Upholstered furniture: