According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global furniture industry is forecast to reach 3.8% p.a. in the coming years. Between 2009 and 2015 the market increased with an average annual growth of 4.2%. Currently, seats account for 35.7% of the global demand while the remaining market share is divided between mattresses (3.2%), metal office furniture (1.9%), other metal furniture (11.3%), wooden bedroom furniture (8.2%), wooden kitchen furniture (4.4%), wooden office furniture (2.9%), other wooden furniture (18.2%), other plastic furniture (2.0%), furniture parts (9.5%) and other furniture (2.8%).

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 Cambodia (13.7%), Cyprus (12.6%), Moldova (11.1%), Ethiopia (10.8%) and Vietnam (9.4%).

Furniture market size compared to market growth in different countries Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential furniture markets in the coming years are:

Ranking

Country

Market Potential Rate

1

United States

0.63

2

China

0.31

3

Germany

0.14

4

Cambodia

0.14

5

Cyprus

0.13

6

Vietnam

0.12

7

Moldova

0.11

8

Ethiopia

0.11

9

Italy

0.10

10

India

0.10

11

Philippines

0.09

12

France

0.08

13

Kenya

0.07

14

United Kingdom

0.07

15

Tanzania

0.07

16

Bolivia

0.06

17

Spain

0.06

18

Nepal

0.06

19

Japan

0.05

20

Bangladesh

0.05

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date industry data on the actual market situation, trends, and future outlook for furniture in the world and individually for the following countries:

Albania, Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bolivia, Botswana, Brazil, Bulgaria, Cambodia, Cameroon, Canada, Chile, China, Colombia, Congo, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Madagascar, Malawi, Malaysia, Mauritius, Moldova, Mongolia, Morocco, Nepal, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Senegal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Sweden, Switzerland, Tanzania, Thailand, Trinidad and Tobago, Tunisia, Turkey, Ukraine, United Kingdom, United States, Uruguay, Vietnam, Yemen

The reports include historic data from 2009 to 2015 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The reports help answer the following questions:
- What is the current size of the furniture market in the world and in different countries?
- How is the furniture market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

The latest industry data included in these reports:

- Overall furniture market size, 2009-2020
- Furniture market size by product segment, 2009-2020
- Growth rates of the overall market and different product segments, 2009-2020
- Shares of different product segments of the overall market, 2009, 2015 and 2020
- Market potential rates of the overall market and different product segments

The market data is given for the following product segments:

Seats
Mattresses
Metal office furniture
Other metal furniture
Wooden bedroom furniture
Wooden kitchen furniture
Wooden office furniture
Other wooden furniture
Other plastic furniture
Furniture parts
Other furniture

For more detailed information about the reports:
https://www.marketinforesearch.com/furniture-markets-in-the-world-to-2020-market-size-development-and-forecasts.html