Asia Pacific with 1/3rd share dominates the Global Furniture Market

According to Goldstein Research, global furniture market is largely witnessed to be driven by rising urbanization and simultaneously rising personal disposable income of people. Global furniture market is expected to reach USD 550.0 billion by 2024 from USD 400 billion in 2016, growing at a CAGR of 4.2% over the forecast period 2016–2024. Global furniture market breakdown includes material types such as wood, plastic, metal, leather and glass.

The fast development in real estate business coupled with rapid urbanization across the world has significantly bolstered the growth of the furniture market. The furniture market has expanded to the manufacturing of home interiors and furnishing that exhibit class and high-quality. Global furniture market is dominated by the Asia Pacific with a 1/3rd share of global furniture market in 2016. China and India are the largest producers of furniture in the APAC region which is expected to witness significant growth in production owing to rising domestic demand for furniture.

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Market Segmentation

Global Furniture Market can be segmented as follows:

On the basis of Product Type

  • Seating Furniture Market Analysis, 2016–2024
  • Sleeping Furniture Market Analysis, 2016–2024
  • Tables Furniture Market Analysis, 2016–2024
  • Storage Furniture Market Analysis, 2016–2024

On the basis of Material Type

  • Wood Based Furniture Market Analysis, 2016–2024
  • Plastic Based Furniture Market Analysis, 2016–2024
  • Metal-Based Furniture Market Analysis, 2016–2024
  • Leather Based Furniture Market Analysis, 2016–2024
  • Glass Based Furniture Market Analysis, 2016–2024

On the basis of End-Users

  • Residential
  • Commercial

On the basis of Distribution Channel

  • Online Distribution Channels
  • Offline Distribution Channels (wholesaler, retailers, Agents etc )

By Region

  • North America Furniture Market Analysis, 2016–2024
  • Europe Furniture Market Analysis, 2016–2024
  • The Middle East And Africa Furniture Market Analysis, 2016–2024
  • Latin America Furniture Market Analysis, 2016–2024
  • Asia Pacific Furniture Market Analysis, 2016–2024
  • Rest Of The World Furniture Market Analysis, 2016–2024

Global Furniture Market Report by Goldstein Research contains the detailed overview of the global furniture market. The report highlights the in-depth analysis of furniture market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major global players discussed in the global furniture market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities and investments.

Major players of the global furniture market discussed in the report are IKEA, Williams-Sonoma, Ashley Furniture, Steel Case, Okamura, 9 to 5 Seating, Godrej Interio, Rooms To Go, TJX, Herman Miller, HNI, Clarin, Creative Wood, Kimball International, etc.

Further, the Global Furniture Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The report also comprises key challenges, global furniture industry growth factors, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The market analysis report also highlights the expert analysis to provide the complete overview of the market including the PESTLE analysis of each region and country.

Browse Full Report: https://www.goldsteinresearch.com/report/global-furniture-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

For more reports related to consumer & retail industry, visit: https://www.goldsteinresearch.com/industries/consumer-retail

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