Precision Business Insights has published a report on the global home furniture market, estimating its value at USD 256.82 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/home-furniture-market
The Home Furniture Market refers to the industry that manufactures, distributes, and sells furniture for domestic environments. This comprises living room, bedroom, kitchen, and outdoor furniture, as well as ornamental and utilitarian elements to improve house interiors.
Drivers:
- Growing Residential Construction – Increasing housing developments and urbanization boost demand for home furniture.
- Rising Disposable Income – Higher purchasing power encourages spending on premium and customized furniture.
The global home furniture market segmentation:
1) By Product: Living Room and Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, Plastic and Other Furniture
2) By Material Type: Wooden, Metal, Glass, Plastic, Others
3) By Distribution Channel: Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels
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Regional Overview:
The report also examines the current concerns and their Future Effects on the home furniture market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the home furniture market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Ashley Furniture Industries Inc., Bernhardt, Ethan Allen, Flexsteel, Godrej Interio, Heritage Home Group, Ikea, La-Z-Boy, Nitori Co. Ltd, Stanley Furniture, ACTIU Berbegal y Formas S.A.
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