Furniture Market Size, Share Analysis information: by Type (RTA & Non-RTA), Material Type (Wood, Melamine, Glass, Steel, Wrapped Panels, Finished Foils), Furniture Type (Chairs, Sofas, Tables, Beds), End-Use (Commercial & Household), and by Region – Global Forecast till 2025
1. Furniture Market Research Report -Global Forecast
till 2025
IndustrySurvey, Growth, Competitive Landscape
and Forecasts to 2025
PREPARED BY
MarketResearch Future
(Part of Wantstats Research & Media Pvt. Ltd.)
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Furniture MarketResearch Report- Forecast to 2025
The global furniture market is estimated to be valued at USD 654.60 billion by 2025 and expected to grow at a CAGR of 2.64% during the forecast
period. The wood segment of the furniture accounted for the largest market share in the material type segment. However, melamine segment has
beenprojectedtogrowatthehighestCAGR on accountofincreasingdemand inAsia-Pacificanditslowcost.
Among the furniture type, sofas accounted for the largest market share of 23.3% in 2018, closely followed by beds in the second place. However,
the cabinetssegmentisexpected to growwith the highestgrowthrateof3.00% duringthe forecastperiod.
However, the only bottleneck in a growth trajectory of the global furniture market is the high prevalence of the unorganized sector in the furniture
industry.
Furniture Market 2020:Industry Survey,Growth, Competitive Landscape and Forecasts to2025
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Furniture Market Research Report- Forecast to 2025
Global furniture market has been segmented on the basis of type, material type, furniture type, end-use, and region. On the basis of type, the
market has been divided into RTA and non-RTA. Ready-to-assemble furniture (RTA), also referred to as knock-down furniture (KD), flat pack
furniture, or kit furniture, is a form of furniture that requires customer assembly. The popularity of RTA furniture is rising since it has become
consumer-friendly owing to improved materials, hardware, and design innovation. Non-RTA furniture is fully assembled furniture that does not
require the need for assembling and are sold by suppliers after completing the required fitting and assembling. The non-RTA furniture is finished
withthe highest quality and highappeal since itcomes assembled from the supplier.The non-RTA accounts for a higher market share compared to
the RTA furnituretype. However,non-RTA isexpectedto propelwiththehighestgrowthrateof3.83% duringthe forecastperiod.
“Taste the market data and market information presented through more than 50market datatables and figures
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Furniture Market Research Report- Forecast to 2025
Regional Analysis
Geographically, the global furniture market is segmented into Asia-Pacific, Europe, North America, and Rest of the World. As per MRFR analysis,
Asia-Pacific dominated the market, accounted for the largest share of the market in 2018, and expected to grow with the highest CAGR of 2.78%.
The furniture market in North America is expected to have the second position after Asia-Pacific in terms of market share which was 31.38% in
2018. Europeis estimatedto reachUSD158.3 billionby the endof2025. Asia-Pacificisexpected to reachUSD223.22 billionby 2025.
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Furniture Market Research Report- Forecast to 2025
Application &Major Playersin this Research:
FurnitureMarketProminent Players:
DorelIndustriesInc.(Canada)
SauderWoodworking Company (US)
InterIKEA SystemsB.V. (Netherlands)
Cymax GroupInc.(Canada)
HermanMillerInc.(US)
HNICorporation(US)
Venture HorizonCorporation(US)
Dunn’s Furniture(US)
The GodrejandBoyce Mfg. Co. Ltd (India)
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Furniture Market Research Report- Forecast to 2025
Furniture Market Segmented on the basis of
ByProductType
RTA
Non-RTA
ByFurnitureType
Chairs,
Sofas,
Tables,
Beds
By Region
NorthAmerica,
Europe,
Asia-Pacific