The Furniture Logistics Global Market Report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the furniture logistics market.
Furniture Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size
The furniture logistics market size has grown strongly in recent years. It is projected to grow from $102.25 billion in 2023 to $108.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. Historic growth drivers include international trade expansion, direct-to-consumer sales growth, e-commerce expansion, and increasing logistics outsourcing.
Looking forward, the market is expected to reach $139.27 billion by 2028 at a CAGR of 6.4%. Growth factors include urbanization, consumer demand for fast delivery, last-mile solutions, increased warehouse investment, and a stronger focus on sustainability. Key trends include technological advancements, digital transformation, real-time tracking, green logistics, and data analytics.
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Scope of Furniture Logistics Market
The Business Research Company’s reports cover a broad spectrum of data, including:
- Market Size (Historic and Forecast): Analysis of past and projected growth.
- Drivers: Key factors fueling market growth.
- Trends: Emerging patterns shaping the market.
- Key Segments: Breakdown into primary segments with performance insights.
- Focus Regions and Geographies: Coverage of critical regions.
- Macro Economic Factors: Broader economic influences on the market.
Furniture Logistics Market Overview
Market Drivers
The rising demand for furniture is expected to drive the furniture logistics market forward. With growing home decoration and renovation trends, furniture logistics services support production and distribution. For instance, a 2023 report by Hollywood Mirror noted that furniture manufacturing generated approximately $3.22 billion in 2020.
Market Trends
Leading companies in the furniture logistics market are forming strategic partnerships to enhance in-home delivery capabilities. For instance, in July 2022, Kirkland’s Inc. collaborated with Ryder System Inc. to offer a new in-home delivery service across the U.S., providing last-mile delivery, light assembly, and packaging disposal.
Market Segmentation
The furniture logistics market is segmented by:
- Service Type: Transportation, Warehousing, Distribution, Assembly & Installation, Reverse Logistics
- Furniture Type: Residential, Commercial
- Transportation Mode: Road, Rail, Air, Sea
- Distribution Channel: Direct-to-Consumer, Retailers, E-Commerce, Wholesale, Others
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Regional Insights
In 2023, Asia-Pacific was the largest region in the furniture logistics market. Europe is anticipated to be the fastest-growing region in the forecast period. Key regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Companies
Top companies in the furniture logistics market include Savino Del Bene S.p.A., DB Schenker, Kuehne + Nagel International AG, J.B. Hunt Transport Services Inc., Maersk Logistics and Services, Kerry Logistics Network Limited, XPO Logistics Inc., Röhlig Logistics GmbH & Co. KG, among others.
Table of Contents
1. Executive Summary
2. Furniture Logistics Market Report Structure
3. Furniture Logistics Market Trends And Strategies
4. Furniture Logistics Market - Macro Economic Scenario
5. Furniture Logistics Market Size And Growth
…..
27. Furniture Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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