The furniture market is a dynamic and ever-evolving industry that reflects the changing tastes, lifestyles, and technological advancements of society. As we delve into the intricate world of furniture, it becomes evident that this market is not merely about functional pieces but is a vibrant ecosystem shaped by design trends, sustainability concerns, and the fusion of traditional craftsmanship with modern innovation.
In 2021, the furniture market size was estimated to be worth USD 648.12 billion. Over the forecast period (2022 - 203, the furniture market industry is expected to increase at a compound annual growth rate (CAGR) of 3.2%, from 690.21 billion in 2022 to USD 886.68 billion by 2030. The market is expanding due to changes in urban consumers' lifestyles and the expansion of the hospitality and real estate industries.
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