Global Furniture Industry is Forecast to Reach 4.3% P.A. in the Coming Years

Date: 2015-06-18

“The expansion of the global furniture industry is forecast to reach 4.3% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 2.3%. Currently, seats account for 27.2% of the global demand while the remaining market share is divided between furniture parts (26.9%), bedroom furniture (7.0%), office furniture (4.1%), kitchen furniture (3.4%), mattresses (2.6%), and other furniture (28.8%).

China, Germany, Italy, the United Kingdom and the United States represent the largest furniture markets while the strongest annual growth is forecast to occur in Tanzania (21.6%), Kenya (16.5%), Bangladesh (14.4%), Bolivia (13.7%) and Ethiopia (11.7%).

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