Global Furniture Retailing Market to Reach $690.06 Billion by 2028, Driven by Growing Demand for Stylish and Comfortable Furnishings

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Aug 09, 2023, 12:45 ET

DUBLIN, Aug. 9, 2023 /PRNewswire/ -- The "Global Furniture Retailing Market (2023-2028) by Types of Market, Application, Distribution Channel, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Furniture Retailing Market is estimated to be USD 432.39 Bn in 2023 and is expected to reach USD 690.06 Bn by 2028, growing at a CAGR of 9.80%.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Furniture Retailing Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Furniture Retailing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

The report offers a comprehensive evaluation of the Global Furniture Retailing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

A complete analysis of the market, including the parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers:

Regular introduction of innovative and luxurious items.
Growing popularity of stylish and comfortable furnishings among residential buyers.

Restraints:

Rising demand for second-hand furniture items.

Opportunities:

Escalating demand for smart furniture.
Government investments in infrastructural development.
Awareness and importance of environment protection measures.

Challenges:

Growing cost of production.

Companies Mentioned

ArredissimA
Ashley Furniture Industries, LLC
Conforama
Dare Studio Ltd.
DEDON GmbH
Duff and Phelps, LLC
Global Furniture Group
Harman Miller, Inc.
HNI Corp.
IKEA Systems B.V.
JYSK
Mondo Convenienza
P & C ArteMobili SA
Poltronesofa
Ricci Casa
Saudi Modern Factory Co.
Steelcase, Inc.
ZouYou

Market Segmentation

The Global Furniture Retailing Market is segmented based on Types of Market, Application, Distribution Channel, and Geography.

By Types of Market, the market is classified into Organized and Unorganized.
By Application, the market is classified into Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture.
By Distribution Channel, the market is classified into Home Centers, Flagships Stores, Specialty Stores, Online, and Other Distribution Channels.
By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

For more information about this report visit https://www.researchandmarkets.com/r/z034n8

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