Global furniture market Overview
Global furniture market report thoroughly covers the market by material type, end-users, and by regions including North America, Latin America, Europe, Asia Pacific, Africa, and the Middle East. The Global Furniture market outlook report provides an unbiased and detailed analysis of the ongoing Global Furniture market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, Global Furniture Market is projected to witness high growth during 2021-2027. The rising investment in the development of smart cities coupled with the growing development of residential projects is adding to the Furniture Market Share. Surging disposable income and rising population along with improvement in the standard of living are some of the key factors driving the development of the market. The COVID-19 outbreak slows down the growth rate of the industry. The COVID-19 crisis will have a substantial impact on the global economy. The major impact of Covid-19 on the furniture industry will be through the supply chains. Furniture brands need to develop an effective supply chain response plan to mitigate risk and prepare for any interruptions. Based on the region, the furniture market in the Asia Pacific is projected to account for substantial revenue shares in the target market. A strong manufacturing base and availability of labor and raw material required to produce various kinds of furniture at lower cost are creating opportunities for manufacturers in the Asia Pacific. North America furniture market is estimated to register significant growth in overall Furniture Market Growth, owing to increasing demand for premium furniture.
Key Highlights of the Report:
- Global Furniture Market Outlook
- Market Size of Global Furniture Market, 2020
- Forecast of Global Furniture Market, 2027
- Historical Data and Forecast of Global Furniture Revenues & Volume for the Period 2017 – 2027
- Global Furniture Market Trend Evolution
- Global Furniture Market Drivers and Challenges
- Global Furniture Price Trends
- Global Furniture Porter's Five Forces
- Global Furniture Industry Life Cycle
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