Manikanta B’s Post

𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size was estimated at $534 billion in 2023, projected to grow at a CAGR of 4.8% during the forecast period 2024-2030. as per IndustryARC™ Latest Market Research Report.   Check Market Research 𝑹𝒆𝒑𝒐𝒓𝒕 Here @ https://lnkd.in/gVsyYtHf   𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 Furniture market has witnessed huge demand for its role in comfort, aesthetics, and functionality in living spaces. Furniture market includes sale of furniture by various entities that manufacture furniture including Accent Chairs, Hoosier Cabin, Fainting Couch, desks, various cabinets or fixtures that are used in spa, laboratories, office, restaurants, residential purpose, outdoor, library, stores and many other places to support human activities. Various types of materials are used in making a furniture, such as plastic, wood, metal, silver and other. However, wood furniture is often preferred for both manufacturing and exportation. The growth in the market is mainly attributed to the companies that are now re-arranging their work places and recovering from COVID-19 impact that has led to social distancing, closure of commercial activities resulting in operational challenges. 𝐓𝐨 𝐁𝐮𝐲 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 / 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @ https://lnkd.in/g57Tfatf   Furniture comes in wide range varieties for seating like accent chairs, fainting couches for living rooms to add elegance, dining, sleeping, working, storage and others. Rapid growth in real estate industry in current situation is boosting the market growth. Moreover, increased disposable income, adapting comfortable lifestyle coupled with rapidly growing online shopping is anticipated to aid the furniture market. For instance, in countries like India, e-commerce platforms has propelled the sales of furniture manufacturers by providing larger exposure to producers that are confined to one geography. However, poor transportation facilities, lack of skilled labor are projected to hamper the furniture market growth.   𝐤𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬  : ▪ IKEA ▪ Ashley Furniture Industries ▪ Wayfair ▪ La-Z-Boy Incorporated ▪ Bassett Furniture Industries, Inc. ▪ Williams-Sonoma, Inc. ▪ Herman Miller ▪ Steelcase ▪ Bernhardt Design ▪ Haworth ▪ Kimball International ▪ RH ▪ Roche Bobois ▪ poltronesofà ▪ Actona Group A/S ▪ Steinhoff International

𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size was estimated at $534 billion in 2023, projected to grow at a CAGR of 4.8% during the forecast period 2024-2030. as per IndustryARC™ Latest Market Research Report.   Check Market Research 𝑹𝒆𝒑𝒐𝒓𝒕 Here @ https://lnkd.in/ey9Dqpxd   𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 Furniture market has witnessed huge demand for its role in comfort, aesthetics, and functionality in living spaces. Furniture market includes sale of furniture by various entities that manufacture furniture including Accent Chairs, Hoosier Cabin, Fainting Couch, desks, various cabinets or fixtures that are used in spa, laboratories, office, restaurants, residential purpose, outdoor, library, stores and many other places to support human activities. Various types of materials are used in making a furniture, such as plastic, wood, metal, silver and other. However, wood furniture is often preferred for both manufacturing and exportation. The growth in the market is mainly attributed to the companies that are now re-arranging their work places and recovering from COVID-19 impact that has led to social distancing, closure of commercial activities resulting in operational challenges. 𝐓𝐨 𝐁𝐮𝐲 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 / 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @ https://lnkd.in/ec5KtmQJ   Furniture comes in wide range varieties for seating like accent chairs, fainting couches for living rooms to add elegance, dining, sleeping, working, storage and others. Rapid growth in real estate industry in current situation is boosting the market growth. Moreover, increased disposable income, adapting comfortable lifestyle coupled with rapidly growing online shopping is anticipated to aid the furniture market. For instance, in countries like India, e-commerce platforms has propelled the sales of furniture manufacturers by providing larger exposure to producers that are confined to one geography. However, poor transportation facilities, lack of skilled labor are projected to hamper the furniture market growth.   𝐤𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬  : ▪ IKEA ▪ Ashley Furniture Industries ▪ Wayfair ▪ La-Z-Boy Incorporated ▪ Bassett Furniture Industries, Inc. ▪ Williams-Sonoma, Inc. ▪ Herman Miller ▪ Steelcase ▪ Bernhardt Design ▪ Haworth ▪ Kimball International ▪ RH ▪ Roche Bobois ▪ poltronesofà ▪ Actona Group A/S ▪ Steinhoff International

I was looking around my living room and thinking it could do with a freshen up ready for Christmas. I thought about the furniture in it and it struck me that everything in there had come from a different manufacturer. For example the sofa is from DFS, the lamps from Amazon, the table units from DunElm and the TV stand from a private shop. Why? To get exactly what I wanted, I didn’t have to compromise by only shopping at one place and having to make do with items that weren’t therefore right for the space or functionality. So why then do businesses restrict themselves by tying in to a supplier who in turn is tied in to one manufacturer? If you purchase furniture from only one manufacturer , your may face several challenges, including: 1. Limited product range:This can limit your company’s ability to meet diverse needs or preferences, forcing you to compromise on aesthetics or functionality. 2. Higher Costs: Without the ability to compare prices across multiple manufacturers, you may miss out on more competitive pricing or better deals. 3. Supply Chain Vulnerability: If the manufacturer experiences production delays, shipping issues, or supply shortages, your company may face disruptions in getting products. 4. Dependency on Manufacturer Quality: Your company is fully reliant on the chosen manufacturer for product quality. If the manufacturer’s standards slip or they stop offering key products, you have fewer options for addressing the issue. 5. Inflexibility with Customization: Working with only one manufacturer may limit customization options, as your company is restricted to that manufacturer’s capabilities and catalog. 6. Slower Adaptation to Trends: A single manufacturer may not be as quick to adopt new trends or innovations in design, technology, or sustainability. This could leave your company behind the competition if it cannot offer newer or more innovative furniture solutions. The good news is that Wagstaff Interiors Group is not only the largest direct seller of commercial furniture in the UK, but we are independent. We source furniture from any manufacturer, our loyalty is to you, the customer, not the manufacturer. You benefit from customised solutions, unbiased recommendations, competitive pricing and access to niche products. If you want to discuss this further, please message me and we can go from there, Thanks, Julie

Consumer Preferences Analysis in the German Furniture Market The German furniture market, renowned for its quality craftsmanship and design innovation, has long been a subject of interest for industry analysts and furniture manufacturers alike. By delving into the nuanced preferences of German consumers, businesses can better tailor their products and marketing strategies to meet the evolving demands of this discerning market. One of the key trends emerging from the German furniture market is a strong emphasis on sustainability and environmental consciousness. German consumers are increasingly seeking out furniture made from renewable, responsibly sourced materials, with a growing preference for eco-friendly production processes and transparent supply chains. Brands that can demonstrate a commitment to sustainable practices are likely to resonate strongly with this environmentally-aware consumer base. Another notable characteristic of the German furniture market is the high value placed on timeless, durable design. Rather than chasing short-lived trends, German consumers tend to gravitate towards furniture that exhibits exceptional craftsmanship and can withstand the test of time. Pieces that offer a harmonious blend of classic aesthetics and modern functionality are particularly prized, as they allow homeowners to invest in furnishings that will serve them well for years to come. Personalization and customization also play a significant role in shaping consumer preferences in Germany. Homeowners often seek out furniture that can be tailored to their specific space and lifestyle requirements, whether it's adjustable desks for home offices or modular seating arrangements for expanding families. By offering flexible, customizable solutions, furniture brands can better cater to the individualized needs of the German market. In addition to these overarching trends, regional variations in consumer preferences can also be observed within Germany. For instance, customers in urban centers may gravitate towards more compact, space-saving furniture designs, while those in rural areas may favor larger, more traditional pieces. Understanding these regional nuances can help furniture companies develop targeted strategies that resonate with local consumers. As the German furniture market continues to evolve, a deep understanding of consumer preferences will be crucial for businesses seeking to capture and maintain a strong presence in this discerning and sophisticated market. By staying attuned to the changing values and needs of German homeowners, furniture companies can position themselves for long-term success and sustainable growth. Contact us via Whatsapp: https://lnkd.in/eqJY9tKc Visit us: www.asktfurniture.net Email: sales@sinoaskt.com/inquiry@sinoaskt.com

𝐔𝐩𝐡𝐨𝐥𝐬𝐭𝐞𝐫𝐞𝐝 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟓𝟕 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓% 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞: https://lnkd.in/gbFQQype The global 𝐔𝐩𝐡𝐨𝐥𝐬𝐭𝐞𝐫𝐞𝐝 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 is poised for steady growth, driven by increasing consumer demand for stylish and comfortable home furnishings. The market is projected to exceed 𝐔𝐒𝐃 𝟓𝟕 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2030, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓%. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 1. 𝘿𝙚𝙨𝙞𝙜𝙣 𝙖𝙣𝙙 𝙈𝙖𝙩𝙚𝙧𝙞𝙖𝙡 𝙏𝙧𝙚𝙣𝙙𝙨: Innovative designs and the use of sustainable materials are prominent trends in the market. Manufacturers are focusing on eco-friendly fabrics, ergonomic designs, and multifunctional furniture to meet consumer preferences. 2. 𝘼𝙥𝙥𝙡𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝘼𝙘𝙧𝙤𝙨𝙨 𝙎𝙚𝙜𝙢𝙚𝙣𝙩𝙨: Upholstered furniture is widely used in residential spaces such as living rooms and bedrooms, as well as in commercial spaces like offices, hotels, and restaurants. The versatility and comfort of these pieces make them a preferred choice across different settings. 3. 𝙍𝙚𝙜𝙞𝙤𝙣𝙖𝙡 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨: North America and Europe are significant markets for upholstered furniture, driven by high consumer spending on home furnishings. The Asia-Pacific region is also experiencing growth, with rising urbanization and increasing demand for modern interiors. 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 include Ashley Furniture Industries, La-Z-Boy Incorporated, IKEA, Herman Miller, and Steelcase. As consumer preferences shift towards personalized and sustainable home furnishings, the market is expected to grow. Innovations in design and materials, along with the expansion of online retail channels, will further drive market growth in the coming years. #upholsteredfurniture #furnitureindustry #architecture #homefurnishing #homedecor #constructionandmanufacturing #markettrends

Several trends could potentially contribute to the boom of the furniture industry in India in 2024-2025: Sustainable and Eco-friendly Design: With increasing environmental consciousness among consumers, there's a growing demand for sustainable and eco-friendly furniture. Manufacturers and designers incorporating sustainable materials such as bamboo, reclaimed wood, and recycled plastics into their designs can attract environmentally-conscious consumers. Modular and Multi-functional Furniture: There's a rising demand for modular and multi-functional furniture that maximizes space utilization. Furniture pieces that serve multiple purposes, such as sofa-cum-beds, extendable dining tables, and storage-integrated seating solutions, are likely to gain popularity. Tech-Integrated Furniture: Integration of technology into furniture design is becoming increasingly common. Furniture equipped with features like wireless charging, built-in speakers, adjustable lighting appeals to tech-savvy consumers who seek convenience and connectivity in their living spaces. Customization and Personalization: Consumers are increasingly seeking furniture pieces that reflect their individual style and preferences. Options such as choice of materials, colors, finishes, and configurations, allow customers to create bespoke furniture that suits their unique needs and aesthetic preferences. Heritage and Artisanal Craftsmanship: There's a growing appreciation for traditional craftsmanship and indigenous design elements in furniture. Furniture pieces showcasing local craftsmanship techniques and cultural heritage are gaining popularity among consumers looking for unique and authentic pieces that tell a story. Online Retail and Direct-to-Consumer Models: The growth of e-commerce and digital platforms has transformed the furniture retail landscape. Online furniture retailers offering a wide selection of products, convenient shopping experiences, hassle-free delivery, and attractive discounts appeal to a large segment of consumers, particularly millennials and Gen Z. Wellness-Centric Design: With a growing emphasis on health and wellness, there's a demand for furniture designs that prioritize comfort, ergonomics, and well-being. Furniture pieces designed to promote relaxation, posture support, and stress relief, such as ergonomic chairs, adjustable standing desks, and wellness-focused seating solutions, are expected to gain traction. Rental and Subscription Models: The rise of subscription-based furniture models provides consumers with flexibility and affordability. This allows consumers to access high-quality pieces without the commitment of ownership, making it an attractive option for those living in temporary accommodations. By aligning with these emerging trends and catering to the evolving needs and preferences of consumers, the furniture industry in India has the potential to experience significant growth and expansion in 2024-2025. #furnituredesign #furnitureindia

What’s next for smart power reclining furniture? 🚀 After reading the recent article on the motion furniture category, it’s clear that innovation, technology, and consumer comfort are shaping the future of the industry. Manufacturers like La-Z-Boy, Lifestyle, and others are focusing on adding value through functionality and technology, which is exactly where the market is heading. But beyond the basics—comfort and functionality—what truly sets the future apart is the seamless integration of technology, modular designs, and a commitment to wellness. Consumers are no longer satisfied with just motion; they demand personalization, modular flexibility, and health-focused features like massage, heat, and ergonomic design. The rise of smart home technology means furniture must now integrate effortlessly with apps, AI, and even voice-controlled systems, providing an all-in-one experience for comfort, entertainment, and well-being. At Happy Furniture, we understand that luxury isn’t just about aesthetics—it's about a holistic experience. That’s why we specialize in high-end upholstery, focusing on building long-term partnerships instead of serving a mass market. This allows us to deliver truly bespoke smart power reclining furniture tailored to the individual needs of our clients in the USA, Canada, and the UK. Our clients know they can trust us for cutting-edge technology, modular flexibility, and unmatched comfort. Where the market is heading, we are already there—elevating functionality into a luxury experience while maintaining a commitment to quality and innovation. We don’t just keep up with the trends; we help shape them by continually investing in solutions that not only meet but exceed expectations. What do you think the future holds for this category? 💡 #UpholsteryInnovation #LuxuryDesign #SmartFurniture #ModularDesign #WellnessFurniture #FurnitureManufacturing #USA #Canada #UK Article Written by Cindy Hodnett.

The global folding furniture market size was valued at USD 3.1 billion in 2018. Demand for #space-saving and multi-purpose furniture has increased due to the development of compact size flats in many countries, thus leading to the growth of the market. Moreover, millennials opting for rented living spaces are inclined towards multifunctional and compact furniture, which, in turn, is expected to drive the global market. Companies are introducing folding chairs and tables made of wood and metal to replicate the aesthetic appeal of traditional furniture. Rising demand for compact furniture has allowed the companies to introduce more products such as study tables, racks, and storage boxes with #foldable features. For instance, in February 2019, Inter IKEA Systems B.V. launched space-saving shelving units with #foldabletables, which can be easily used as a desk as well as a dining table. Rising prices of traditional wood furniture on account of increasing environmental concerns have paved the way for these #modern products. This furniture is manufactured using #lightweight materials such as #HDPE plastic and mild #steel. Therefore, plastic and metal #foldingfurniture are gaining an increasing preference due to their less cost and better #durability. For instance, Lucid Mattress provides a folding metal bed frame with heavy-duty wired grid supports in order to adjust the mattress effectively. Moreover, the shifting trend towards #small-sized apartments as a result of the increasing population and rising urbanization has popularized the concept of folding furniture. According to Tokyo Kantei, in 2017, the average size of a new apartment in Tokyo was 680 sq. ft and a size of 647 sq. ft. for an existing apartment. Whereas, the average size of a new apartment in the U.S. is 941 sq. ft., which has been reduced by 5% in ten years. Thus, downsizing living space in apartments has led to a rise in demand for folding furniture in the market. Furthermore, shifting preference towards single and two-person households has paved the way for less occupying space furniture. For instance, in 2018, about 33.9% of the household type was composed of a single person living alone in the European Union-28, while 25.1% of private households contributed to two-person households. As a manufacturers also focus on introducing new products with the help of mergers and acquisitions. For instance, in 2015, COS and HAY collaborated to produce two folding HDPE tables and chiars with the help of Spanish designer Tomas Alonso.

👇Furniture Trends and Our Lifestyle🎉 Recent years have seen a remarkable evolution in furniture design, reflecting broader societal changes and diverse lifestyles. Key trends, such as minimalism and sustainability, not only enhance our homes' aesthetic appeal but also significantly influence our daily lives. 👇The Shift Towards Minimalism😉 Minimalism, characterized by clean lines and multifunctionality, aligns with a lifestyle valuing simplicity and decluttering. As urban spaces shrink, people increasingly seek furniture that maximizes utility, such as convertible coffee tables and storage sofas. This trend fosters calm and order, allowing us to focus on what truly matters. 👇Emphasis on Sustainability🌲🌳 Growing awareness of environmental issues has led to a rise in sustainable furniture choices. Consumers now prefer eco-friendly materials like reclaimed wood and recycled metals, promoting conscious consumerism. This shift reflects a deeper appreciation for artisanal craftsmanship and a commitment to environmental preservation. 👇The Rise of Personalization🤌 Amid mass production, the desire for personalized furniture has gained momentum. Customizable options, like modular sofas, enable individuals to create spaces that resonate with their identities. This trend enhances aesthetics and fosters a sense of belonging and self-expression. ✍️Technology Integration🍳 Smart furniture, equipped with features like wireless charging and adjustable settings, is reshaping our living environments. This integration simplifies daily routines, allowing us to focus more on leisure and productivity, illustrating how design can enhance our lifestyles. ✍️Creating Wellness Spaces🏢 As awareness of mental health grows, furniture trends now prioritize comfort and wellness. Ergonomic designs and calming color palettes create environments that promote relaxation and mindfulness, transforming homes into sanctuaries that nurture our physical and emotional health. 👇Conclusion⚙️⚒️📐📏 Today's furniture trends intertwine deeply with our lifestyles and values. By embracing sustainability, personalization, and wellness, we enhance our living environments, creating spaces that reflect our identities and aspirations. Ultimately, furniture design evolves to make our homes not just places to live, but reflections of who we are.

Global #Luxury #Furniture #Market Witnesses Substantial Growth, Wood Segment Dominates Market Value: The Luxury Furniture Market, valued at US$ 29.76 billion in 2022, is expected to exhibit a robust growth rate, reaching a projected market size of US$ 41.88 billion by 2029. Get Info : https://shorturl.at/nryL9 Market Overview: Luxury furniture, crafted by skilled artisans using premium materials, has become an essential element in both commercial and residential spaces, enhancing aesthetic appeal and functionality. Key Players: The luxury furniture market boasts a diverse array of key players, including Roche Bobois, Poliform, B&B Italia, Ralph Lauren Home, and many others, competing to cater to the evolving needs of consumers. Future Outlook: With the continuous evolution of consumer preferences and the advent of innovative materials and designs, the luxury furniture market is poised for sustained growth, presenting lucrative opportunities for stakeholders and investors.