Ikea emerges as the largest company in the household furniture market, says tbrc report (companies: inter ikea holding b.v., ashley furniture industries, inc., la-z-boy incorporated, and more)
ABN Newswire is a press release distribution service. On April 10, 2019, it released an article on the household furniture market, sourced from TBRC`S household furniture market report.The global household furniture market size is expected to grow to over $347 billion in 2023 at an annual rate of about 8%. Factors such as growth in the residential construction market, rising internet penetration, the rising popularity of eco-friendly products and lifestyle changes are contributing to the growth of the market. The household furniture market is expected to benefit from steady economic growth forecast for many developed and developing countries. The US economy is expected to register a stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow faster than the developed markets in the forecast period.