The global furniture market size was USD 475.4 billion in 2020. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”
Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth
The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.
List of Key Players Covered in the Furniture Market Report
- Harman Miller Inc. (Michigan, U.S.)
- Steelcase Inc. (Michigan, U.S.)
- HNI Corporation (Lowa, U.S.)
- Ashley Furniture Industries Inc. (Wisconsin, U.S.)
- Duff & Phelps, LLC. (New York, U.S.)
- Global Furniture USA (New Jersey, U.S.)
- ZouYou (Shenzhen, China)
- P & C ArteMobili SA (Nova Prata, Brazil)
- Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
- DEDON GmbH (Luneburg, Germany)
- Dare Studio (Worthing, England)
Report Coverage
Firstly, The report offers valuable insights obtained by thorough study done by our researchers.
Driving Factors
Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth
Increasing Menstrual Literacy Rate to Boost Market Growth
Poor hygiene during menstruation can cause infections and other severe diseases. The increasing awareness for hygiene maintenance during menstruation is expected to boost the growth of the market. Additionally, the increasing menstrual literacy rate escalated education levels, and the surging female workforce is anticipated to be the key drivers for the global feminine hygiene products market growth.
The increasing use of alternative green products and reusable products is likely to stimulate growth for the market. As per the February 2021 article named ‘Making Menstrual Products Eco-friendly,’ published by Plastic Oceans International, a pad user uses approximately 45 billion menstrual products in a lifetime. Therefore, the development of sustainable sanitary products to reduce waste is projected to significantly boost the demand for such products.
The increasing efforts to educate women and girls on menstrual hygiene, and the several menstrual health and hygiene initiatives such as Menstrual Hygiene Day (28th May), are anticipated to boost the market’s growth in the upcoming years. However, the low product accessibility in underdeveloped areas is expected to hinder the market growth.
Regional Insights
Asia Pacific to Hold Dominant Position in the Market through 2028
Asia Pacific market was worth USD
Driving Factors
Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth
Browse Detailed Overview of This Research:
https://www.fortunebusinessinsights.com/furniture-market-106357
