The furniture market consists of sales of furniture by entities (organizations, sole traders and partnerships) that produce furniture including tables, chairs, desks, cabinets or fixtures that are used in a room or building to support various human activities.The furniture market is segmented into institutional and office furniture; household furniture and kitchen cabinet and mattresses, blinds and shades.
The global furniture market is expected to grow from $564.7 billion in 2020 to $671.7 billion in 2021 at a compound annual growth rate (CAGR) of 18.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $850.8 billion in 2025 at a CAGR of 6%.
