Furniture Market To Witness Strong Sales Outlook $718.3 Billion By 2025 “The global furniture market size is projected to account for USD 718.3 billion by 2025. It is projected that the market would register over 5% CAGR from 2018 to 2025. With increasing consumer spending, the demand for branded furniture has increased over the past few years.”
The Global Furniture Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Furniture Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Furniture Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Furniture Market based on current & future analysis depending on historic data also featured in this Report. The global furniture market size is projected to account for USD 718.3 billion by 2025. It is projected that the market would register over 5% CAGR from 2018 to 2025. With increasing consumer spending, the demand for branded furniture has increased over the past few years. In addition, emerging countries are witnessing significant growth in the commercial and residential construction, which in turn, offer lucrative growth opportunity. In 2017, the commercial division accounted for over 30% share in the market. Hotels, public buildings and offices together contribute to the growth of the commercial sector. With the growing infrastructural development, the commercial segment is projected to witness lucrative demand over the next few years. Especially, countries such as China and India are going through the industrial revolution.
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