Furniture Market Analysis 2020 – Global Industry Market Report 2025
Market Highlights The global Furniture Market Analysis is estimated to be valued at USD 654.60 billion by 2025 and expected to grow at a CAGR of 2.64% during the forecast period. The wood segment of the furniture accounted for the largest market share in the material type segment. However, melamine segment has been projected to grow at the highest CAGR on account of increasing demand in Asia-Pacific and its low cost. Among the furniture type, sofas accounted for the largest market share of 23.3% in 2018, closely followed by beds in the second place. However, the cabinets segment is expected to grow with the highest growth rate of 3.00% during the forecast period. However, the only bottleneck in a growth trajectory of the global Furniture Market Analysis is the high prevalence of the unorganized sector in the furniture industry. Segment analysis Global Furniture Market Analysis has been segmented on the basis of type, material type, furniture type, end-use, and region. On the ba