Upholstered Furniture Market Size to Grow by USD 15.96 billion, Growing Influence of Different Retailing Channels to Drive Growth

NEW YORK, Sept. 26, 2022 /PRNewswire/ — The growth of the global upholstered furniture market is driven by the growing influence of different retailing channels. This growth is influenced by the increasing popularity of online and offline retailing channels across the world. Offline retailers include organized retailers such as manufacturer-branded stores, traditional stores, rental stores, discount stores, warehouse clubs, and designer stores. The number of these retailers has increased owing to rapid industrialization. They have become one of the primary sources of selling and distributing upholstered globally. The influence of e-commerce-based shopping and online retailing has increased due to the rising internet penetration. Various players have launched new online stores or e-commerce-based outlets. They are also focusing on selling their products through channels such as mobile apps to target alternative retailing channels. Thus, the rising influence of different retailing channels will drive the market during the forecast period.

Technavio has announced its latest market research report titled Global Upholstered Furniture Market 2022-2026

The upholstered furniture market size is expected to grow by USD 15.96 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.04% during the forecast period, according to Technavio.

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Upholstered Furniture Market: Distribution Channel Landscape
By distribution channel, the market has been segmented into offline and online. The offline segment will be the largest contributor to market growth during the forecast period. Offline stores enable consumers to physically examine upholstered furniture, unlike online distribution channels. Offline upholstered furniture stores are popular in developed and developing countries across the world.

Upholstered Furniture Market: Geographic Landscape
By geography, the market has been segmented into APAC, North America, Europe, South America, and the Middle East and Africa. APAC is expected to have lucrative growth during the forecast period. About 47% of the market’s overall growth is expected to originate from APAC. China and Japan are the key countries for the upholstered furniture market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.

Companies Covered

  • Ashcomm LLC

  • Bassett Furniture Industries

  • Century Furniture LLC

  • Craftmaster Furniture Inc.

  • DELTA furnishers

  • DFS Furniture PLC

  • Ekornes Ltd.

  • Flexsteel Industries Inc.

  • Hooker Furniture Corp.

  • Hughes Furniture Industries Inc.

  • Inter IKEA Holding BV

  • Intermountain Furniture Manufacturing

  • LaZBoy Inc.

  • LEEINDUSTRIES.COM LLC

  • Mayo Manufacturing Corp.

  • Norwalk Custom Order Furniture LLC

  • Palliser Furniture Ltd.

  • Rowe Fine Furniture Inc.

  • Sherrill Furniture

  • ShowroomSoftware

This report provides a full list of key vendors, their strategies, and the latest developments in the upholstered furniture market. Request a FREE PDF Sample Now

What our reports offer

  • Market share assessments for regional-level as well as country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2021, 2022, until 2026

  • Market trends (opportunities, drivers, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimates

  • Competitive landscaping highlighting the key common trends

  • Company profiling with detailed strategies, recent developments, and financials

  • Supply chain trends mapping the latest technological advancements

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Upholstered Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.04%

Market growth 2022-2026

USD 15.96 billion

Market structure

Fragmented

YoY growth (%)

4.1

Regional analysis

APAC, North America, Europe, South America, and Middle
East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer
engagement scope

Companies profiled

Ashcomm LLC, Bassett Furniture Industries, Century
Furniture LLC, Craftmaster Furniture Inc., DELTA
furnishers, DFS Furniture PLC, Ekornes Ltd., Flexsteel
Industries Inc., Hooker Furniture Corp., Hughes Furniture
Industries Inc., Inter IKEA Holding BV, Intermountain
Furniture Manufacturing, LaZBoy Inc.,
LEEINDUSTRIES.COM LLC, Mayo Manufacturing Corp.,
Norwalk Custom Order Furniture LLC, Palliser Furniture
Ltd., Rowe Fine Furniture Inc., Sherrill Furniture, and
ShowroomSoftware

Market Dynamics

Parent market analysis, market growth inducers and
obstacles, fast-growing and slow-growing segment
analysis, COVID-19 impact and future consumer
dynamics, and market condition analysis for the forecast
period

Customization purview

If our report has not included the data that you are looking
for, you can reach out to our analysts and get segments
customized

 

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Upholstered Furniture Market 2022-2026

Global Upholstered Furniture Market 2022-2026

Cision

Cision

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SOURCE Technavio