The analysts forecast global furniture market to grow at a CAGR of 4.18% during the period 2016-2020.
With the growing population, increase in the number of single-parent families, and the booming real estate industry worldwide, the market has been growing steadily year-on-year over the last few years. Vendors are sometimes unable to cope with the costs of production for reasons such as the rapid obsolescence of production technologies and the high cost of modernization and power, which are challenges that hinder the growth of the market. Revenue growth in the market will be driven by the rising demand for premium and designer furniture.Covered in this report
The report covers the present scenario and the growth prospects of the global furniture market for 2016-2020. To calculate the market size, the report takes into account revenue generated from retail sales of home and office furniture. Home office furniture has been considered under the office furniture segment.
The market is divided into the following segments based on geography:
The report, Global Furniture Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Ashley Furniture
Other prominent vendors
- 9to5 Seating
- ATG Stores
- AFC Systems
- Bed Bath & Beyond
- Berco Furniture Solutions
- Costco Wholesale
- Creative Wood
- Global Upholstery
- Godrej & Boyce
- Herman Miller
- J.C. Penney
- Kimball International
- Sears Holdings
- Steinhoff International
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- Increase in number of office spaces and declining vacancy rate
- Complexity in supply chain operations
- Online retailing
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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