The Business Research Company’s latest report Furniture Global Market Report 2020 covers Furniture market drivers, Furniture market trends, Furniture market segments, Furniture market growth rate, Furniture market major players, and Furniture market size. The report provides in-depth analysis of the impact of COVID-19 on the Furniture industry, along with revised market numbers due to the effects of the coronavirus.
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Furniture Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global furniture market is expected to decline from $731.6 billion in 2019 to $705.7 billion in 2020 at a compound annual growth rate (CAGR) of -3.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $842.2 billion in 2023.
The report covers the Furniture market’s segments-
1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades
2) By Type of Material: Metal, Wood, Others
3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Others.
Subsegments covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade.
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