Smart furniture market was valued at US$ 135.2 Mn in 2017 and expected to grow at a CAGR of 21.8% (2018 to 2026) and reach US$ 794.8 Mn in 2026. Smart furniture combines smart home technology along with network-connected household goods such as dressing tables, chairs, shelves and cabinet doors.
In terms of market volume, the global market for wood pellets stood at 34,033.8 Kilo Tons in 2020 and expected to reach 49,595.5 Kilo Tons by 2026, expanding at a CAGR of 6.6% during the forecast period from 2021 to 2026. Europe dominated the wood pellets market in 2020 and expected to retain market dominance throughout the forecast period. However, Asia Pacific is identified as the fastest growing market during the forecast period.
Sitting for long periods of time may have harmful effects on human body, resulting into injury to spine as well as cardiovascular disorders. Regardless of the nature of work, it is highly important for human body to have an active lifestyle. According to the World Health Organization (WHO), nearly 2 Mn deaths per year are caused due to physical inactivity.
Modern firing techniques require modern kiln furniture, and higher energy costs have driven the desire for energy efficient products in recent years. Manufacturers of advance ceramics have become aware of important role that kiln furniture plays in the quality and economics of finished products. There are two fundamental requirements of kiln furniture: the kiln furniture arrangement should physically with stand the firing cycle and after surviving the cycle, kiln furniture should not affect, damage or ruin the finished product being fired.
The global market for furniture is expected to reach US$ 864.93 Bn by 2030, expanding at a CAGR of 4.6% during the forecast period from 2021 to 2029. North America dominated the global furniture market in 2021, followed by Europe. However, Asia Pacific is identified as the fastest growing market for furniture during the forecast period.
Preferences of people to stay in small houses due to high maintenance cost and other related costs has inclined the demand for folding furniture all over the world as it can be tucked and folded when not in use. Besides being multifunctional it can also enhance the décor of home.
The global folding furniture market is growing at a fast pace and is anticipated to achieve significant growth over the next seven years till 2023.
Furniture has become an integral part for human life since past. It is generally made up of plastic, wood and metal. Furniture is generally kept in house in order to make living environment comfortable. Tables, chairs, and sofa set are the major furniture being used in living room.
The global living room furniture market is growing at a fast pace and is anticipated to attain significant growth over the next seven years from 2026-2023.
The furniture industry utilizes logistics for the management of way resources are obtained, stored and enthused. The utilization of logistics provide the furniture industry with a consistent and regular supply of different furniture from dealers/distributors and suppliers in varied locations.
The global furniture logistics market is growing at a rapid pace and is likely to achieve significant growth over the next seven years till 2023.
Luxury furniture are comprises of furniture manufactured with the help of high quality materials and refined process. It increases the aesthetic value of commercial as well as residential establishments. The rising disposable income and increasing purchasing power of households has stimulated the demand for luxury furniture all across the globe.
Since centuries, the unique comparative and characteristics abundance of wood have made it a natural material for homes and other architectural structures, tools, furniture, decorative objects and vehicles. Today, the same wood is prized for wide range of uses in various end-user markets.
Furniture Market Research Reports
The furniture market mainly consists of office furniture, hospitality furniture and home furniture. The needs of every market section varies. So the office furniture features items like computer desks, computer tables, storage cabinets, conference tables, file cases, books, pantry devices and cafeteria. The home furniture consists of items like chairs, sofas, beds, cabinets, cupboards and other decorative products that are produced particularly for home use. The hospitality sector encompasses such kind of products that are used in restaurants, cafeterias, resorts and hotels. Furniture generally makes use of raw materials like glass, metal, wood and plastic.
The design specialties and ergonomics of furniture are decided by their applications and functions. Furniture can be sold in do it on your own format in which consumers are required to gather fabricated components. The dynamics of the furniture sector be it office, home or hospitality industry are decided by the aspects like global economic conditions, accessibility of raw materials at lesser costs, availability of skilled labor and changes in the life styles & tastes of the consumers.
Industry players in this section of market deal with the related items like decor items and soft furnishings.
Acute Market Reports constantly upgrades its compilation of market reports related with the furniture section to provide you access to the latest, most accurate, authentic and relevant data about the furniture section. We have a large collection of market reports sourced from the best global publishers of the industry.
Our market reports will prove an asset to your business and will help you in increasing your profits. It will also facilitate your business growth helping you to earn maximum Returns on your Investment (ROI).