The Business Research Company’s latest report Furniture And Home Furnishings Stores Global Market Report 2020 covers Furniture And Home Furnishings Stores market drivers, Furniture And Home Furnishings Stores market trends, Furniture And Home Furnishings Stores market segments, Furniture And Home Furnishings Stores market growth rate, Furniture And Home Furnishings Stores market major players, and Furniture And Home Furnishings Stores market size. The report provides in-depth analysis of the impact of COVID-19 on the Furniture And Home Furnishings Stores industry, along with revised market numbers due to the effects of the coronavirus.
Furniture And Home Furnishings Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global furniture and home furnishings store market is expected to decline from $408.3 billion in 2019 to $402.2 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The furniture market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $459.4 billion in 2023.
The report covers the furniture and home furnishings stores market’s segments-
1) By Type: Furniture Stores, Home Furnishing Stores.
2) By Ownership: Retail Chain, Independent Retailer.
3) By Type Of Store: Exclusive Retailers/Showrooms, Inclusive Retailers/Dealer Stores.
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