30/06/2020 Andrew

Market Sector Insights – The Furniture Industry – June 2020

Introduction

According to a report by Grand View Research (“GVR”), the global furniture market is expected to grow at a CAGR of 5.1% from 2018 to 2025, reaching $715.6 billion by 2025. The market is driven by various factors such as rising disposable incomes, growth of real estate and hospitality industries and demand for luxury and premium furniture from certain consumer sections.

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