PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383492
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383492
According to Stratistics MRC, the Global Furniture Testing Market is accounted for $3079.8 million in 2023 and is expected to reach $5142.9 million by 2030 growing at a CAGR of 7.6% during the forecast period. Furniture testing is the process of subjecting furniture products to a series of standardized tests and assessments to ensure that they meet safety, durability, and quality standards. These tests are conducted to evaluate the performance and reliability of furniture items, including factors such as structural integrity, resistance to wear and tear, safety, capacity and stability.
According to the statistical data presented by the International Tropical Timber Organization, in 2019, wooden furnishings consumption in Europe reached USD 45.3 billion, 0.6% up from 2018.
Growing customer consciousness regarding product quality and safety is a major factor propelling the furniture testing market. Manufacturers and retailers are forced to give quality and compliance top priority as consumers become more aware of their health and demand guarantees that the furniture they buy is sturdy and safe. Customers can feel secure knowing that their furniture purchases are long-lasting and free of hazards because testing guarantees that furniture products meet strict safety and quality standards. In addition to increasing consumer demand for certified and tested furniture, this increased awareness also pushes industry participants to invest in thorough testing in order to meet consumer expectations, which propels market expansion.
Furniture testing frequently requires complex and specialized procedures due to the wide range of diverse materials, designs, and performance criteria involved. Smaller manufacturers or those looking for affordable solutions may find these intricacies especially difficult. Moreover, the cost of hiring qualified staff to administer and interpret the tests has increased. Because of this complexity, testing becomes more time-consuming and expensive, making it difficult for testing labs and manufacturers to stay up-to-date with the rapidly changing industry.
The furniture testing market is poised for substantial growth due to the growing prevalence of online furniture shopping. The need for trustworthy, vetted, and certified products is growing as more customers choose to buy furniture online. The necessity of rigorous testing and quality control to guarantee consumers the longevity and safety of their purchases is underscored by this trend. To build consumer trust, stand out in a crowded market, and make sure manufacturers and online retailers follow rules and regulations, furniture testing labs can be indispensable. This opportunity supports safer and more transparent online furniture shopping experiences by fostering the growth of the testing industry.
Concerns about sustainability and the environment could pose a threat to the furniture testing industry. Environmentally responsible practices and materials are becoming more important as the furniture industry responds to the growing global emphasis on sustainability and eco-friendliness. New standards for furniture testing need to be included, like evaluating a product's sustainability, recyclability, and effect on the environment. These extra requirements may make testing more difficult and expensive, which could be problematic for retailers and manufacturers as it restricts their ability to expand into new markets.
The COVID-19 pandemic had a substantial impact on the market. Lockdowns, supply chain disruptions, and economic uncertainties led to reduced consumer demand for furniture, affecting the production and sales of furniture products. As a result, furniture manufacturers and retailers faced financial constraints and sought to reduce costs, potentially affecting their investment in testing and certification services. Additionally, restrictions on physical presence and on-site inspections posed challenges for testing laboratories.
Over the course of the forecast period, durability testing is anticipated to be the largest segment in the furniture testing market. The necessity of making sure furniture products can endure regular use and retain their structural integrity over time is what drives their prominence. Customers are looking for furniture that is both long-lasting and of high quality. As a result, there will probably be a continued need for extensive durability testing, which will increase this market segment's prominence.
Over the course of the forecast period, the interior designers and architects is anticipated to grow at the fastest rate in the market. This growth is attributed to the increasing emphasis on creating aesthetically pleasing and functional spaces. Interior designers and architects play a pivotal role in specifying and recommending furniture for various projects, necessitating rigorous testing to ensure compliance with safety, quality, and design requirements. Their influence in shaping the selection of furniture and the demand for specialized, customized solutions are driving the need for comprehensive testing services, making this segment a key driver of growth in the market.
North America is expected to register the largest market share in the furniture testing industry. North America has a well-established and mature furniture market, characterized by high consumer demand for a wide range of furniture products. Moreover, stringent safety and quality regulations and standards drive the need for comprehensive furniture testing and certification services. The presence of numerous furniture manufacturers and retailers, coupled with a strong emphasis on consumer safety and product quality, underpins the significant demand for testing services in North America.
The Asia Pacific region is poised for substantial growth in the market. Asia Pacific is experiencing robust economic expansion, urbanization, and a burgeoning middle-class population, driving increased demand for a wide variety of furniture products. As consumers become more quality-conscious, there is a heightened focus on safety and durability standards, thus spurring the need for comprehensive furniture testing services. Additionally, with a rapidly evolving consumer market and increasing regulatory scrutiny, Asia Pacific is set to play a pivotal role in the future of the global furniture testing industry.
Some of the key players in Furniture Testing Market include: Applus+ Laboratories, Bureau Veritas Group, Eurofins Scientific SE, FIRA International, Global Testing Corporation, Intertek Group Plc, Micom Laboratories, QAI Laboratories, QIMA, QPS Evaluation Services Inc., SGS North America Inc., Testex, TUV SUD and UL LLC.
In November 2023, Bureau Veritas and the British Board of Agrement (BBA), a UK certification body for construction products, join forces to deliver dual CE and UKCA marking to manufacturers of construction products according to EU and UKCA Construction Products Regulations.
In September 2023, EAS' laboratory in Columbia, Missouri has expanded its instrumentation to include the Mastersizer 3000 Particle Size Analyzer. This best-in-class analyzer enables the onsite Product Chemistry team to now conduct in-house analyses following guidelines OPPTS 830.7520, CIPAC MT 187, and OECD 110 for particle size distribution, fiber length and diameter distributions. The Mastersizer 3000 will provide quicker turnaround times for analyses under these guidelines, which are required for Technical Grade Active Ingredient (TGAI) and End Use Product (EUP) for EPA submission.
In June 2023, Applus+, a global leader in the testing, inspection and certification (TIC) sector, is pleased to announce the acquisition of the entire share capital of Rescoll, a leading materials testing and R&D technological partner based in France.