Furniture Market Scope, Demands and Supply 2019-2024
Posted by Pradeep Zende on September 19th, 2019
Global Furniture Market has been segmented on the basis of type, material type, furniture type, end-use, and region. On the basis of type, the market has been divided into RTA and non-RTA. Ready-to-assemble furniture (RTA), also referred to as knock-down furniture (KD), flat pack furniture, or kit furniture, is a form of furniture that requires customer assembly. The popularity of RTA furniture is rising since it has become consumer-friendly owing to improved materials, hardware, and design innovation. Non-RTA furniture is fully assembled furniture that does not require the need for assembling and are sold by suppliers after completing the required fitting and assembling. The non-RTA furniture is finished with the highest quality and high appeal since it comes assembled from the supplier. The non-RTA accounts for a higher market share compared to the RTA furniture type. However, non-RTA is expected to propel with the highest growth rate of 3.83% during the forecast period.
Geographically, the global furniture market is segmented into Asia-Pacific, Europe, North America, and Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounted for the largest share of the market in 2018, and expected to grow with the highest CAGR of 2.78%. The furniture market in North America is expected to have the second position after Asia-Pacific in terms of market share which was 31.38% in 2018. Europe is estimated to reach USD 158.3 billion by the end of 2025. Asia-Pacific is expected to reach USD 223.22 billion by 2025.
This research report provides the insights, on various levels of analyses such as industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Furniture Market, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Access Market Data and Information @ https://www.marketresearchfuture.com/reports/furniture-market-7625
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
+1 646 845 9312
Like it? Share it!
About the AuthorPradeep Zende
Joined: February 12th, 2019
Articles Posted: 396
More by this author