Market Research Report
Global Furniture Market 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||961614|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Furniture Market 2020-2024|
|Published: August 21, 2020||Content info: 120 Pages||
Technavio has been monitoring the furniture market and it is poised to grow by $ 113.61 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing residential and commercial construction, growth of organized retail and evolving consumer demographics in emerging economies. In addition, increasing residential and commercial construction is anticipated to boost the growth of the market as well.
The furniture market analysis includes product segment and geographical landscapes
Technavio's ‘furniture market ’ is segmented as below:
By Geographic Landscape:
This study identifies the increasing number of strategic alliances and partnerships as one of the prime reasons driving the furniture market growth during the next few years. Also, growing environmental concerns about deforestation and rising wages in manufacturing hubs will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our furniture market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading furniture market vendors that include Ashley Furniture Industries Inc., Berco Designs, Godrej Consumer Products Ltd., Herman Miller Inc., HNI Corp., Inter IKEA Holding BV, Kimball International Inc., Okamura Corp., Steelcase Inc., and Williams-Sonoma Inc.. Also, the furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.