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Global Furniture Market 2017-2021

Global Furniture Market 2017-2021

  • August 2017
  • 85 pages
  • ID: 3588307
In this report:
The global commercial furniture market was valued at $##.## billion in 2016 and is expected to reach $##.## billion by 2021 at a CAGR of ##.##%.
Product innovations such as deeper, wider, bariatric, and programmable ergonomic seating, which enhance the comfort of users who sit for prolonged periods, are also expected to contribute to the market's growth over the forecast period.
The furniture market in Germany was valued at $##.## billion in 2016 and is expected to reach $##.## billion by 2021 at a CAGR of ##.##%.

Summary

Table of Contents

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About Furniture

Furniture is generally used for symbolic or decorative purposes. Wood, steel, plastic, glass, and many other materials are used in making furniture. It is built with some specific functionality like sleeping, studying, eating, and seating. Convenience and comfort play an important role in a consumer’s hectic lifestyle and schedule. With greater brand consciousness, the demand for branded furniture and home furnishings products has increased. Consumers worldwide are spending more on home decor products and are aware of the latest interior design trends and unique designer furnishings. This drives the global furniture market.

Technavio’s analysts forecast the global furniture market to grow at a CAGR of 4.27% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global furniture market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and excludes retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Furniture Market 2017-2021, 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.

Key vendors
• Ashley Furniture Industries
• IKEA
• Steelcase
• Williams-Sonoma

Other prominent vendors
• Rooms To Go
• TJX
• Herman Miller
• HNI
• Okamura
• 9to5 Seating
• Clarin
• Creative Wood
• Kimball International

Market driver
• Innovations in design
• For a full, detailed list, view our report

Market challenge
• Risks of international trade
• For a full, detailed list, view our report

Market trend
• Rising demand for multi-functional furniture
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 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?

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