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Furniture Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5238009
  • Report
  • January 2021
  • Region: Global
  • 400 pages
  • The Business Research Company
1 of 5

FEATURED COMPANIES

  • IKEA AB
  • Steelcase Inc
  • MORE
Furniture Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global furniture market as it emerges from the COVID-19 shut down.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for furniture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Furniture market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider furniture market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The furniture market section of the report gives context. It compares the furniture market with other segments of the paper, plastics, rubber, wood and textile market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, furniture indicators comparison.
Scope

Markets Covered:
1) By Type: Institutional and Office Furniture; Household Furniture and Kitchen Cabinet; Mattresses, Blinds and Shades
2) By Type of Material: Metal; Wood; Others
3) By Distribution Channel: Exclusive Showrooms; Online; Hypermarkets; Others

Subsegments Covered: Institutional Furniture; Office Furniture; Household Furniture; Kitchen Cabinet; Mattresses; Blind and Shade

Companies Mentioned: IKEA AB; Ashley Furniture Industries Inc; Steelcase Inc; Tempur Sealy International Inc; Leggett & Platt Incorporated

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, furniture indicators comparison.

Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • IKEA AB
  • Steelcase Inc
  • MORE
1. Executive Summary

2. Report Structure

3. Furniture Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Furniture Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Furniture Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Furniture Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Furniture Market Trends and Strategies

8. Impact of COVID-19 on Furniture

9. Furniture Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market

10. Furniture Market Regional Analysis
10.1. Global Furniture Market, 2020, by Region, Value ($ Billion)
10.2. Global Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Furniture Market, Growth and Market Share Comparison, by Region

11. Furniture Market Segmentation
11.1. Global Furniture Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Institutional and Office Furniture
  • Household Furniture and Kitchen Cabinet
  • Mattresses, Blinds and Shades
11.2. Global Furniture Market, Segmentation by Type of Material, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Metal
  • Wood
  • Others
11.3. Global Furniture Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Exclusive Showrooms
  • Online
  • Hypermarkets
  • Others
12. Furniture Market Segments
12.1. Global Institutional and Office Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Institutional Furniture; Office Furniture
12.2. Global Household Furniture and Kitchen Cabinet Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Household Furniture; Kitchen Cabinet
12.3. Global Mattresses, Blinds and Shades Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Mattresses; Blind and Shade

13. Furniture Market Metrics
13.1. Furniture Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Furniture Market Expenditure, 2015-2025, Global

14. Asia-Pacific Furniture Market
14.1. Asia-Pacific Furniture Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
14.2. Asia-Pacific, Furniture Market, 2020, by Country, Value ($ Billion)
14.3. Asia-Pacific, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Asia-Pacific, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Asia-Pacific, Furniture Market Metrics
14.5.1. Per Capita Average Furniture Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Furniture Market: Country Analysis
14.7.1. China Furniture Market
14.7.1.1. China Furniture Market Overview
14.7.1.2. China Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Furniture Market
14.7.2.1. Australia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Furniture Market
14.7.3.1. Hong Kong Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Furniture Market
14.7.4.1. India Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Furniture Market
14.7.5.1. Indonesia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Furniture Market
14.7.6.1. Japan Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Furniture Market
14.7.7.1. Malaysia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Furniture Market
14.7.8.1. New Zealand Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Furniture Market
14.7.9.1. Philippines Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Furniture Market
14.7.10.1. Singapore Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Furniture Market
14.7.11.1. South Korea Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Furniture Market
14.7.12.1. Thailand Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Furniture Market
14.7.13.1. Vietnam Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

15. Western Europe Furniture Market
15.1. Western Europe Furniture Market Overview
15.2. Western Europe, Furniture Market, 2020, by Country, Value ($ Billion)
15.3. Western Europe, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Western Europe, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Western Europe, Furniture Market Metrics
15.5.1. Per Capita Average Furniture Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Furniture Market: Country Analysis
15.7.1. Austria Furniture Market
15.7.1.1. Austria Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Furniture Market
15.7.2.1. Belgium Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Furniture Market
15.7.3.1. Denmark Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Furniture Market
15.7.4.1. Finland Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Furniture Market
15.7.5.1. France Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Furniture Market
15.7.6.1. Germany Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Furniture Market
15.7.7.1. Ireland Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Furniture Market
15.7.8.1. Italy Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Furniture Market
15.7.9.1. Netherlands Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Furniture Market
15.7.10.1. Norway Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Furniture Market
15.7.11.1. Portugal Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Furniture Market
15.7.12.1. Spain Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Furniture Market
15.7.13.1. Sweden Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.14. Switzerland Furniture Market
15.7.14.1. Switzerland Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Furniture Market
15.7.15.1. UK Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

16. Eastern Europe Furniture Market
16.1. Eastern Europe Furniture Market Overview
16.2. Eastern Europe, Furniture Market, 2020, by Country, Value ($ Billion)
16.3. Eastern Europe, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. Eastern Europe, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. Eastern Europe, Furniture Market Metrics
16.5.1. Per Capita Average Furniture Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Furniture Market: Country Analysis
16.7.1. Czech Republic Furniture Market,
16.7.1.1. Czech Republic Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Furniture Market
16.7.2.1. Poland Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Furniture Market
16.7.3.1. Romania Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Furniture Market
16.7.4.1. Russia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

17. North America Furniture Market
17.1. North America Furniture Market Overview
17.2. North America, Furniture Market, 2020, by Country, Value ($ Billion)
17.3. North America, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. North America, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. North America, Furniture Market Metrics
17.5.1. Per Capita Average Furniture Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, North America Countries
17.6. North America Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Furniture Market: Country Analysis
17.7.1. Canada Furniture Market
17.7.1.1. Canada Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Furniture Market
17.7.2.1. Mexico Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Furniture Market
17.7.3.1. USA Furniture Market Overview
17.7.3.2. USA Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

18. South America Furniture Market
18.1. South America Furniture Market Overview
18.2. South America, Furniture Market, 2020, by Country, Value ($ Billion)
18.3. South America, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. South America, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. South America, Furniture Market Metrics
18.5.1. Per Capita Average Furniture Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, South America Countries
18.6. South America Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Furniture Market: Country Analysis
18.7.1. Argentina Furniture Market
18.7.1.1. Argentina Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Furniture Market
18.7.2.1. Brazil Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Furniture Market
18.7.3.1. Chile Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Furniture Market
18.7.4.1. Colombia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Furniture Market
18.7.5.1. Peru Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Furniture Market
18.7.6.1. Venezuela Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

19. Middle East Furniture Market
19.1. Middle East Furniture Market Overview
19.2. Middle East, Furniture Market, 2020, by Country, Value ($ Billion)
19.3. Middle East, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Middle East, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Middle East, Furniture Market Metrics
19.5.1. Per Capita Average Furniture Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Furniture Market: Country Analysis
19.7.1. Saudi Arabia Furniture Market
19.7.1.1. Saudi Arabia Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Furniture Market
19.7.2.1. Israel Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Furniture Market
19.7.3.1. Turkey Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Furniture Market
19.7.4.1. UAE Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

20. Africa Furniture Market
20.1. Africa Furniture Market Overview
20.2. Africa, Furniture Market, 2020, by Country, Value ($ Billion)
20.3. Africa, Furniture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
20.4. Africa, Furniture Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
20.5. Africa, Furniture Market Metrics
20.5.1. Per Capita Average Furniture Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Furniture Market, Furniture Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Furniture Market, Furniture Market/Number of Employees, 2020, Africa Countries
20.6. Africa Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Furniture Market: Country Analysis
20.7.1. Egypt Furniture Market
20.7.1.1. Egypt Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Furniture Market
20.7.2.1. Nigeria Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Furniture Market
20.7.3.1. South Africa Furniture Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

21. Furniture Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. IKEA AB
21.3.1.1. Company Overview
21.3.1.2. Products and Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. Ashley Furniture Industries Inc
21.3.2.1. Company Overview
21.3.2.2. Products and Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. Steelcase Inc
21.3.3.1. Company Overview
21.3.3.2. Products and Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Tempur Sealy International Inc
21.3.4.1. Company Overview
21.3.4.2. Products and Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. Leggett & Platt Incorporated
21.3.5.1. Company Overview
21.3.5.2. Products and Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance

22. Key Mergers and Acquisitions in the Furniture Market

23. Market Background: Paper, Plastics, Rubber, Wood and Textile Manufacturing Market
23.1. Paper, Plastics, Rubber, Wood and Textile Manufacturing Market Characteristics
23.2. Paper, Plastics, Rubber, Wood and Textile Manufacturing Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Growth, by Segment, Value ($ Billion), Global
23.3. Global Paper, Plastics, Rubber, Wood and Textile Manufacturing Market, 2020, by Region, Value ($ Billion)
23.4. Global Paper, Plastics, Rubber, Wood and Textile Manufacturing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
23.5. Global Paper, Plastics, Rubber, Wood and Textile Manufacturing Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)

24. Recommendations
24.1. Global Furniture Market in 2025- Growth Countries
24.2. Global Furniture Market in 2025- Growth Segments
24.3. Global Furniture Market in 2025- Growth Strategies

25. Appendix
25.1. NAICS Definitions of Industry Covered in This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. About the Publisher

26. Copyright and Disclaimer
Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • IKEA AB
  • Steelcase Inc
  • MORE
Major companies in the furniture market include IKEA AB; Ashley Furniture Industries Inc; Steelcase Inc; Tempur Sealy International Inc and Leggett & Platt Incorporated.

The global furniture market is expected to grow from $564. 17 billion in 2020 to $671. 07 billion in 2021 at a compound annual growth rate (CAGR) of 18. 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $850. 38 billion in 2025 at a CAGR of 6%.

The furniture market consists of sales of furniture by entities (organizations, sole traders and partnerships) that produce furniture including tables, chairs, desks, cabinets or fixtures that are used in a room or building to support various human activities. The furniture market is segmented into institutional and office furniture; household furniture and kitchen cabinet and mattresses, blinds and shades.

Asia Pacific was the largest region in the global furniture market, accounting for 45% of the market in 2020. North America was the second largest region accounting for 21% of the global furniture market. Africa was the smallest region in the global furniture market.

Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and customers in decision making. Augmented reality mobile applications allow customers to place a virtual 3D model of a furniture in a real room in real time. This also helps customers view the furniture in all angles and positions. For instance, IKEA’s augmented reality application Place allows customers to preview over 2,000 pieces of furniture at home before purchasing them.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the furniture manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the furniture manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Increasing demand for online shopping is expected to help the furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. in countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography.
Note: Product cover images may vary from those shown
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  • IKEA AB
  • Ashley Furniture Industries Inc
  • Steelcase Inc
  • Tempur Sealy International Inc
  • Leggett & Platt Incorporated
Note: Product cover images may vary from those shown
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