Furniture Segmentation
Product (Beds, Tables & Desks, Sofa, Couch, Chairs & Stools, Cabinets & Shelves)
Beds segment is poised to dominate around 35% furniture market share by the end of 2037. The segment is growing owing to the changing consumer preferences, aging population, and lifestyle variations. There are many types of beds available in the market e.g. single, double, queen size, king size, etc. offering comfort and covering desired space. Additionally, the older population finds bed a comfortable option for giving full rest to the body. According to a report, the bed sector has generated a revenue of around USD 8 billion globally in 2024.
Material (Metal, Wood, Plastic, Glass)
Through 2037, wood segment is expected to grow substantially. The segment growth is attributed to the investments in residential construction and the presence of large-scale manufacturers. Also, wood furniture is highly durable and reports say that the estimated revenue generated by wood in 2024 is USD 174 billion.
Application (Residential, Commercial)
The residential segment is anticipated to hold a significant share in the coming years. Rising disposable income, the flourishing e-commerce sector, the increasing real-estate sector, and lifestyle changes are the primary growth drivers for the segment. Nowadays, consumers are willing to spend their money on home furniture that has low cost and is ready to assemble. According to IBEF, the real estate sector will reach a value of USD 9.30 Billion by 2040 simultaneously increasing the demand for residential furniture.
Our in-depth analysis of the market includes the following segments:
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