Furniture Market Size to Worth USD 720.2 Billion by 2028 | Furniture Industry Registering 5.5% CAGR [2021-2028] – QNT Press Release

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Pune, India, Feb. 18, 2022 (GLOBE NEWSWIRE) — The global furniture market size was USD 475.4 billion in 2020. The market is projected to grow from USD 493.6 billion in 2021 to USD 720.2 billion by 2028 at a CAGR of 5.5% in the 2021-2028 period. This information is provided by Fortune Business Insights™in its report, titled, “Furniture Market, 2021-2028.”

According to our analysts, rising home decoration and renovation trends among the global population are principally promoting the demand for such products.

Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth
The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.

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List of Key Players Covered in the Furniture Market Report

  • Harman Miller Inc. (Michigan, US)
  • Steelcase Inc. (Michigan, US)
  • HNI Corporation (Lowa, US)
  • Ashley Furniture Industries Inc. (Wisconsin, US)
  • Duff & Phelps, LLC. (New York, US)
  • Global Furniture USA (New Jersey, US)
  • ZouYou (Shenzhen, China)
  • P & C ArteMobili SA (Nova Prata, Brazil)
  • Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
  • DEDON GmbH (Luneburg, Germany)
  • Dare Studio (Worthing, England)

Report Coverage

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the…

Full story available on Benzinga.com

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