Global Furniture Market (2021-2027) | Revenue, Trends, Forecast, Industry, COVID-19 IMPACT, Analysis, Value, Share, Growth, Size, Companies & Outlook

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.

Global Furniture Market Synopsis

Global furniture market is gaining momentum supported by growing infrastructural investment and economic growth of various developing nations. Currently, the growth in the real estate industry, increasing construction activities majorly supported by smart city developments throughout the globe, urbanization, and increasing disposable income positively supported the furniture industry. The demand for multi-functional furniture is growing because of various features such as the maximum storage facility, stylish design, and innovative space-saving designs. Furniture which has a growth in the future is eco-friendly, customer-friendly, easy to handle, and ready to assemble furniture (RTA).

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 for the production of 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.

Market Analysis by Material Segments

In terms of material segments, the wood segment is estimated to contribute significant revenue shares in Global market, due to its properties like durability and ease of availability. Additionally, among the application segments, the residential segment is anticipated to register significant growth, due to increasing standards of living and rising income.

Market Analysis by Sales Channels

Among the sales channels, the uses of the online segment increasing rapidly and revenue shares increasing rapidly, owing to various discounts and after-sales services offered by retailers. The easy availability of furniture in different regions through the online platform is influencing the sales of domestic furniture products over the last few years.

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
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Global Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of North America Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Europe Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Africa Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Global Furniture Market - Key Performance Indicators
• Global Furniture Market - Import Export Trade Statistics
• Global Furniture Market - Opportunity Assessment By Regions
• Global Furniture Market - Opportunity Assessment By Material Types
• Global Furniture Market - Opportunity Assessment By Applications
• Global Furniture Market - Top Companies Market Share
• Global Furniture Market - Top Companies Profiles
• Global Furniture Market - Comparison of Players in Technical and Operating Parameters
• Global Furniture Market - Strategic Recommendations

Markets Covered

The Market report includes the following segments:

By Material Types:

• Plastic
• Wood
• Metal
• Others

By Applications:

• Residential
• Commercial

By Regions:

• North America
• Latin America
• Europe
• Africa
• Asia Pacific
• Middle East

Frequently Asked Questions About the Market Study (FAQs):