The furniture industry comprises establishments that manufacture tables, chairs, desks, cabinets or fixtures that are used in a room or building to support various human activities. The most common material used in furniture manufacturing is wood and metal.
Furniture Manufacturing Global Market Size
The global furniture manufacturing market was valued at above $680 billion in 2017. Asia Pacific was the largest region in the furniture manufacturing market in 2017, accounting for under 44% market share. China was the largest country in the market in 2017, accounting for under 26% market share.
Furniture Manufacturing Global Market Trend
Furniture manufacturing companies are integrating technology with furniture products to offer customers innovative and functional products. Technological advancements are helping furniture companies to offer customers convenience to address their day to day needs.
The top five companies covered are IKEA AB, Ashley Furniture Industries Inc., Steelcase Inc., Tempur Sealy International Inc. and Leggett & Platt . IKEA was the largest company in the furniture manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Furniture Manufacturing Global Market Segmentation
The furniture manufacturing market is segmented into Household Furniture And Kitchen Cabinet Manufacturing, Institutional And Office Furniture (Including Fixtures) Manufacturing And Mattresses, and Blinds And Shades Manufacturing.
Household Furniture And Kitchen Cabinet Manufacturing establishments engage in manufacturing household furniture such as living room, kitchen, bedroom furniture and public building furniture.
Institutional And Office Furniture (Including Fixtures) Manufacturing segment comprises establishments that manufacture office furniture and store fixtures. The furniture can either be stock or custom designed and may be assembled or unassembled.
Mattresses, Blinds And Shades Manufacturing establishments produce products related to furniture such as mattresses, blinds and shades.