Albany, NY -- (SBWIRE) -- 04/07/2016 -- About Global Furniture Market

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.

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Technavios analysts forecast the Global Furniture Market to grow at a CAGR of 4.18% during the period 2016-2020.

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:

Americas
APAC
Europe
MEA

Technavio's 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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Key vendors

Ashley Furniture
IKEA
Steelcase
Williams-Sonoma

Other prominent vendors

9to5 Seating
Amazon
ATG Stores
AFC Systems
Bed Bath & Beyond
Berco Furniture Solutions
Clarin
Carrefour
Costco Wholesale
Creative Wood
Global Upholstery
Godrej & Boyce
HNI
Herman Miller
J.C. Penney
KI
Kimball International
Kinnarps
Knoll
Kokuyo
Okamura
Otto
Sears Holdings
Steinhoff International
Target
Tesco
Walmart
Wayfair

Market driver

Increase in number of office spaces and declining vacancy rate
For a full, detailed list, view our report

Market challenge

Complexity in supply chain operations
For a full, detailed list, view our report

Market trend

Online retailing
For a full, detailed list, view our report

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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