Global Furniture Stores Market Size and Forecast 2023-2032|Steelcase Inc., HNI Corporation, Ashley Furniture Industries Inc., Inter IKEA Systems B.V., Herman Miller Inc.

The Furniture Stores Global Market Report 2023, provides comprehensive information on the furniture stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global furniture stores market size is expected to grow from $250.71 billion in 2022 to $272.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.71%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global furniture stores market size is expected to reach $366.10 billion in 2027 at a CAGR of 7.7%.

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Technological advancement is a key trend gaining popularity in the furniture stores market. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in June 2022, IKEA, a Sweden-based home furnishings company, launched IKEA Kreativ, an AI-powered experience empowering customers to create lifelike room designs. IKEA Kreativ is software with spatial computing, machine learning, and 3D mixed reality technology that helps in room design. This advancement provides customers with the first lifelike, completely integrated way to design and visualize their living areas on smartphones and desktops.

The furniture stores market is segmented:

1) By Material: Wood, Metal, Plastic, Other Material types

2) By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture

3) By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels

4) By End-User: Residential, Office, Hotel, Other End-Users

Asia-Pacific was the largest region in the furniture stores market in 2022.

The table of contents in TBRC’s furniture stores market report includes:

1. Executive Summary

2. Furniture Stores Market Characteristics

3. Furniture Stores Market Trends And Strategies

4. Furniture Stores Market – Macro Economic Scenario

5. Furniture Stores Market Size And Growth

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26. Africa Furniture Stores Market

27. Furniture Stores Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Furniture Stores Market

29. Furniture Stores Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players:

• Steelcase Inc
• HNI Corporation
• Ashley Furniture Industries Inc
• Inter IKEA Systems B.V
• Herman Miller Inc

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