PUBLISHER: The Business Research Company | PRODUCT CODE: 1605602
PUBLISHER: The Business Research Company | PRODUCT CODE: 1605602
Furniture logistics encompasses the specialized management of transporting, storing, and delivering furniture from manufacturers to retailers, businesses, or end consumers. This process includes several stages to ensure that furniture items are moved safely and efficiently from one site to another, necessitating careful handling due to the items' size, weight, and delicacy. Due to the complexity, size, and customer expectations involved, furniture logistics often requires meticulous planning and coordination.
The primary categories of furniture logistics services include transportation, warehousing, distribution, assembly and installation, and reverse logistics services. Furniture transportation services focus on the secure packing, loading, transporting, and delivering of furniture from one site to another, frequently associated with moving or relocation. These services cater to both residential and commercial furniture and can utilize various transport methods such as road, rail, air, and sea. Distribution occurs through multiple channels, including direct-to-consumer (DTC) sales, retail outlets, e-commerce platforms, and wholesale distributors, among others.
The furniture logistics market research report is one of a series of new reports from The Business Research Company that provides furniture logistics market statistics, including furniture logistics industry global market size, regional shares, competitors with a furniture logistics market share, detailed furniture logistics market segments, market trends and opportunities, and any further data you may need to thrive in the furniture logistics industry. This furniture logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The furniture logistics market size has grown strongly in recent years. It will grow from $102.25 billion in 2023 to $108.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The expansion observed during the historical period can be linked to the rise in international trade, the development of direct-to-consumer sales channels, the growth of the e-commerce industry, increased outsourcing of logistics, and further e-commerce expansion.
The furniture logistics market size is expected to see strong growth in the next few years. It will grow to $139.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period is driven by factors such as increased urbanization, heightened consumer expectations for speedy delivery, the growing significance of last-mile delivery solutions, rising investments in warehouse infrastructure, and an enhanced emphasis on sustainability. Key trends during this period include advancements in technology, digital transformation, real-time tracking, the integration of green logistics, and the use of data analytics.
The growing demand for furniture is projected to drive the expansion of the furniture logistics market in the coming years. Furniture encompasses movable items designed to facilitate various human activities, including seating, dining, and storage, such as tables, chairs, desks, and cabinets. A surge in home decoration and renovation trends among consumers worldwide is fueling this rising demand. Furniture logistics services play a vital role in supporting this growth by providing effective transportation, storage, and supply chain management solutions. For example, a report from Hollywood Mirror, a UK-based interior design firm, noted that furniture manufacturing generated approximately $3.22 billion in 2020. Additionally, in 2021, UK manufacturers sold 5.58 million pieces of wooden bedroom furniture. Thus, the increasing need for furniture is propelling the furniture logistics market.
Key players in the furniture logistics sector are forming strategic partnerships to create innovative in-home delivery services. These collaborations enable furniture logistics companies to combine resources and expertise, enhancing research and development, expanding market reach, and accelerating commercialization, which ultimately fosters innovation and growth within the industry. For instance, in July 2022, Kirkland's Inc., a U.S.-based retailer, teamed up with Ryder System Inc., a logistics and transportation company, to launch a new in-home delivery service for customers across the U.S. This initiative aims to improve customer experience by offering last-mile delivery, light assembly, and packaging disposal for large home decor and furniture items. The partnership capitalizes on Ryder's extensive logistics capabilities and technology to streamline the delivery process and enhance Kirkland's omnichannel offerings.
In June 2023, Logistics Plus Inc., a U.S.-based logistics firm, acquired Jan Krediet, a Netherlands-based furniture logistics company, for an undisclosed amount. This acquisition is expected to benefit both organizations, given their strong cultural alignment and shared values. The partnership between Logistics Plus and Jan Krediet signals mutual confidence and a commitment to a promising long-term collaboration.
Major companies operating in the furniture logistics market are Savino Del Bene S.p.A., DB Schenker, Kuehne + Nagel International AG, J.B. Hunt Transport Services Inc., Maersk Logistics and Services, Kerry Logistics Network Limited, XPO Logistics Inc., Rohlig Logistics GmbH & Co. KG, AIT Worldwide Logistics Inc., Noatum Logistics USA LLC, Logistics Plus Inc., Samskip Multimodal, Speed Commerce Inc., Ceva Logistics AG, ColliCare Logistics AS, LGT Logistics AB, DHL Supply Chain, CG Logistics Pvt. Ltd., Massood Logistics Inc., NTG Nordic Transport Group A/S, Ross Furniture Logistics
Asia-Pacific was the largest region in the furniture logistics market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the furniture logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the furniture logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The furniture logistics market includes revenues earned by entities by freight services, white-glove delivery, packing and crating services, inventory management and last-mile delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Furniture Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on furniture logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for furniture logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The furniture logistics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.