What Does The Latest Report Say About The Global Furniture Stores Market Size and Growth?
The global furniture stores market size has been exhibiting strong growth in recent years. From $295.17 billion in 2024, it is anticipated to grow to $320.1 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. Such robust growth during the historic period can be attributed to housing market trends, homeownership rates, consumer spending, economic conditions, interior design trends and aesthetics, urbanization, and population demographics.
Furthermore, the furniture stores market size is projected to continue this strong growth in the years to come. By 2029, the market is expected to reach $421.77 billion at a CAGR of 7.1%. This forecast period growth is expected to be driven by factors like e-commerce and online furniture retail, sustainability, eco-friendly furniture, customization and personalization trends, flexible and multifunctional furniture designs, and an increasing emphasis on home décor.
For a detailed perspective, get a free sample of The Global Furniture Stores Market Report here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9773&type=smp
What Are The Key Drivers Of The Furniture Stores Market?
An integral growth driver for the furniture stores market is the increasing demand for furniture. Furniture plays a pivotal role in supporting various human activities, be it seating, eating, or storing items. The rising trends related to home decoration and renovation have significantly influenced the global demand for furniture which, in turn, fuels the growth of the market. In fact, the manufacturing of furniture generated about $3.22 billion in February 2023, according to a UK-based interior design company, Hollywood Mirror. Furthermore, in 2021, UK manufacturers sold 5.58 million pieces of wooden bedroom furnishings.
How Is The Global Furniture Stores Market Segmented?
The report segments the furniture stores market by:
1) Material: Wood, Metal, Plastic, Other Material types
2) Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture
3) Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels
4) End-User: Residential, Office, Hotel, Other End-Users
Get a comprehensive analysis of the market, order your report now:
https://www.thebusinessresearchcompany.com/report/furniture-stores-global-market-report
Who Are The Major Players In The Global Furniture Stores Market?
Key players in the furniture stores market include Steelcase Inc., HNI Corporation, Ashley Furniture Industries Inc., Inter IKEA Systems B.V., Herman Miller Inc., Global Furniture USA, Restoration Hardware Inc., Williams-Sonoma Inc., La-Z-Boy Inc., Raymour and Flanigan Furniture and Mattresses, and several others.
What Are The Emerging Trends In The Global Furniture Stores Market?
Technological advancements form a significant trend in the furniture stores market. Major players are focusing on innovation to strengthen their market positions. An instance of this is the IKEA Kreativ, an AI-powered experience launched by home furnishings company IKEA in June 2022, allowing customers to create lifelike room designs.
Which Regions Are Dominant In The Global Furniture Stores Market?
Asia-Pacific was the leading region in the furniture stores market in 2024 and is predicted to be the fastest-growing region during the forecast period. The report covers several other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Furniture Stores Market Report 2025 Offer?
A furniture store typically offers a wide selection of furniture goods and carpets. The store is often large and equipped with storage areas, allowing customers to try out the furniture and explore all options.
Unlock valuable market insights; purchase the detailed report here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9773
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
