Furniture Industry Report

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.

Furniture industry report. 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. Download sample report now! Furniture Market Size was over USD 575 billion in 2018 and will witness a CAGR around 5 % between 2019 and 2026..

Ports Authority President and CEO Jim Newsome. The US furniture industry has been on a steady growth curve driven by a strong economy, with consumer spending on furniture reaching $114.2 billion in 2018, up 6.7%, according to the US Bureau of Economic Analysis (BEA). Also, report offers latest trends, growth factors, top players, value/supply chain, forecast to 2024.

The report covers a detailed analysis and forecast for the furniture market on a global and regional level from 2015 to 2024. 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. Find the most up-to-date industry trends, top 10 lists and industry information to help you create better sales and marketing strategy plans, know what markets to enter or avoid, and to guide a variety of business decisions.

Companies in this industry manufacture household, office, and institutional furniture and related products, including mattresses. Most of the furniture is manufactured using a variety of materials and is available. 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.

The furniture industry is broken down into retail stores, office furniture merchants, warehouse showrooms, and specialty furniture. We review the recent development of, and outlook for, the $114 billion US furniture retail market. 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 Stores in Canada industry outlook (2020-2025) poll Average industry growth 2020-2025: 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.. Indian Furniture Industry As of 2006, the Indian furniture market is estimated to be worth US$ 7,922 million.