Functional Furniture: A Revolution In The Furniture Manufacturing Market


Posted November 12, 2018 by tbrcabdul

The global furniture manufacturing market was valued at above $680 billion in 2017.
 
Furniture manufacturing companies are integrating technology with furniture products to offer customers innovative and functional products. Technological advancements are helping furniture companies to offer customers convenience to address their day to day needs. For instance, an American architect and designer Greg Lynn has designed a high-tech chair for the sports brand Nike. The chair was designed for basketball players and it generated heat, cooled athlete’s body and monitored the amount of fluid lost.





THE BUSINESS RESEARCH COMPANY EXPECTS THE FURNITURE MANUFACTURING MARKET TO GROW TO NEARLY $1 TRILLION BY 2021

Asia Pacific was the largest region in the furniture manufacturing market in 2017, accounting for nearly half of the market share. This was mainly due to rising disposable income emerging markets such as China and India, thereby fuelling demand for furniture products.

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The chart below shows the year-on-year growth of the global furniture manufacturing market during 2017-2021






According to The Business Research Company’s Consultant, Nitin Gianchandani Many commercial establishments and individual customers are closely monitoring the impact the furniture has on the body, this is fuelling the demand for ergonomic furniture with medical ailments. Ergonomic furniture helps individuals to reduce stress, discomfort and injury to muscles. Individuals experiencing back pains and discomfort are increasingly seeking ergonomic chairs. Many furniture companies are producing ergonomic furniture to cater to the rising demand for these products from individuals with medical conditions.

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IKEA was the largest player in the furniture manufacturing market in 2017, with revenues of $40 billion in 2016.

The furniture industry comprises establishments that manufacture tables, chairs, desks, cabinets or fixtures that are used in a room or building to support various human activities. The most common material used in furniture manufacturing is wood and metal.

Furniture Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $6000 for an individual user. To use across your office, the price is $9000 and $12000 if you wish to use across a multinational company.

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Visit TheBusinessResearchCompany.com, mail [email protected] or call +447443439350 or +918897263534 or +919160996838 for more information on this and many other titles.

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It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.

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Last Updated November 12, 2018