PUBLISHER: TechNavio | PRODUCT CODE: 1544323
PUBLISHER: TechNavio | PRODUCT CODE: 1544323
The upholstered furniture market is forecasted to grow by USD 16.8 bn during 2023-2028, accelerating at a CAGR of 4.89% during the forecast period. The report on the upholstered furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing influence of different retailing channels, growing demand for premium furniture, and rising popularity of multi-functional upholstered furniture.
Technavio's upholstered furniture market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.65% |
CAGR | 4.89% |
Incremental Value | $16.8 bn |
By Distribution Channel
By Geographical Landscape
This study identifies the rapid emergence of eco-friendly and organic upholstered furniture as one of the prime reasons driving the upholstered furniture market growth during the next few years. Also, increase in m and a activities and technological innovations in upholstered furniture will lead to sizable demand in the market.
The report on the upholstered furniture market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading upholstered furniture market vendors that include Ashley Global Retail LLC, Bassett Furniture Industries Inc., Century Furniture LLC, Craftmaster Furniture Inc., DELTA furnishers, DFS, Ekornes Ltd., Flexsteel Industries Inc., Hooker Furniture Corp., Hughes Furniture Industries Inc., Inter IKEA Holding B.V., Intermountain Furniture Manufacturing, LaZBoy Inc., Lee Industries, Mayo Manufacturing Corp., Norwalk Custom Order Furniture LLC, Palliser Furniture Ltd., Rowe Fine Furniture Inc., Sherrill Furniture, and ShowroomSoftware. Also, the upholstered furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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