Furniture Industry Report

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. Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19. Furniture Market is poised to grow at a CAGR of 5.2% by 2023.

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Indian Furniture Industry As of 2006, the Indian furniture market is estimated to be worth US$ 7,922 million.

Furniture industry report. In 2023, the worldwide Office Furniture segment revenue is. Of this, wooden furniture accounts for US$ 1,358 million. Office furniture market report on the basis of product:

Amazon has announced their intention to open brick and. Furniture is used in laboratories, spa, office, clean room, restaurants, camping, bedroom, outdoor, library, parks, stores, and many more places. About 11 per cent (US$ 152 million) of this (wooden furniture) is imported and imports are growing at 50 to 60 per cent every year.

The furniture industry is broken down into retail stores, office furniture merchants, warehouse showrooms, and specialty furniture. Most of the furniture is manufactured using a variety of materials and is available. Trend setting - EU furniture manufacturers set global trends.

For the purpose of this study, Grand View Research has segmented the U.S. The furniture industry in India employs a total of around 300,000 workers and the total production of furniture in 2001-02 was USD 3580 million. Furniture Stores in Canada industry outlook (2020-2025) poll Average industry growth 2020-2025:

High-end segment - the EU is a world leader. Get more details on this report - Request Free Sample PDF Global furniture market is anticipated to gain high momentum in the projected time frame supported by growing infrastructural investments and economic growth of various developing nations. Ports Authority President and CEO Jim Newsome.

Furniture Report Store is a digital library of market and industry research reports segmented by category for manufacturers, retailers and suppliers. Segments covered in the report. 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..