Furniture is a term that refers to any kind of movable object that is built to support most human activities such as sleeping, eating, and seating. It can also be used for decorative or symbolic purposes. Furniture is made from materials such as wood, plastic, glass, and metal. The Global Furniture market is a low-tech industry, and it has been growing since the days of non-nomadic cultures. Furniture is meant for specific functionality.
Analysts forecast the Global Furniture market on the basis of revenue to grow at a CAGR of 3.38 percent over the period 2013-2018.
The report recognizes the following companies as the key players in the Global Furniture Market: Ashley Furniture Industries Ltd., Inter IKEA Group, Sears Holdings Corp. and Steelcase Inc.
Other Prominent Vendors in the market are: Furniture Brands International, Haworth, Herman Miller, HNI, Kimball International, Klaussner Furniture Industries, Knoll, KOKUYO Furniture, La-Z-Boy, Masco and Poltrona Frau.
One key trend in this market is the increasing demand for luxury furniture. With the increase in the high-net-worth individual population, vendors are offering premium or luxury furniture with unique designs and styles to consumers.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Furniture market for the period 2014-2018. To calculate the market size, the report considers the total sales of furniture.
Global Furniture Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Furniture market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the main drivers of the market is the increased influence of globalization on the market, which has led to easy and wider availability of different furniture styles for consumers. Reduced trade barriers have led to the entry of many players into various markets globally.
Further, the report states that one key challenge that the market faces is the highly fragmented nature of the market, which has led to cluttered product offerings and price wars. This is negatively affecting the vendors in the market, especially the small vendors.
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