The pandemic has affected the furniture market too, probably due to the fact that the home has played a major role in this long period. It has driven furniture sales, allowing the entire industry to recover and return to pre-Covid levels quickly.
The world’s furniture production more than a third is for exporting. Over the past two decades, the exports have grown at the same rate of production and import is continually growing as well. In 2021, the international trade market of furniture is back to double-digit growth.
The Furniture Market in 2022: Upholstered Furniture
In the upholstered furniture sector, the largest growth had been recorded in Asia and North America for a decade. The most important markets of upholstered Furniture Stores are those in which solid domestic production goes hand in hand with noteworthy imports. The major importers are the United States, the United Kingdom, Germany, France, and Canada.
The upholstered furniture market is seeing growth in demand for sustainable and smart products that can invent new furniture. Consumers are at the center and ask for increasingly personalized products. Furthermore, after a long stay at home, comfort is back at the top of consumers’ needs and requirements.
The Kitchen Furniture Market
The global kitchen furniture market is experiencing a positive trend and is expected to grow by 12% by 2021. The growth is mainly concentrated in Pacific Asia. Between 2010-20, the exporters of kitchen furniture were Germany, Italy, Malaysia, Canada, and China while the main exporters were the USA, the Netherlands, Switzerland, France, and Norway.
The Office Furniture Market is Growing
The flexible home office furniture is also rising up. Demand for these types of furniture is to recognize the domestic space is expanding. In conjunction with, the demand for the furniture is increasing; the demand for technology to make home spaces is also increasing and equipped as workspaces. Indeed, the best-selling office products are swivel chairs, office tables, and tables with an adjustable height.
By 2022, the global furniture market is predicted to grow by about 5%. The countries expected to have the biggest bounce back in furniture consumption are Asian and European countries.
Concluding Thoughts about Low-Cost Furniture Direct
“Low-Cost Furniture Direct” offers packages that suit every budget and need. These packages save time and money both in making sure that all items match in one place. They offer a range of furniture clearance at an unbeatable price on their website. Take a look at Next Furniture and see what you’ll find in their Furniture Stores near you. Get in touch today for more info at lowcostfurnituredirect.ie.
Low Cost Furniture Direct
Wicklow, County Wicklow, A67 A006
Email: [email protected]
Phone: 0404 70123