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Smartwatch Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2028

by janeausten

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.

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)

What does the Report Provide?

The global market report provides in-depth analysis of the market. It primarily focuses on key aspects such as leading companies, product/service types, competitive landscape, and leading product applications. Additionally, it offers valuable insights into the current market trends and highlights key industry developments obtained from several research methodologies by our research analyst. In addition to the factors mentioned above, the report encompasses qualitative and quantitative analysis of several key factors that have contributed to the growth of the market during the forecast period.

DRIVING FACTORS:

Increasing Incidence of Sports Injuries to Aid Growth

According to the data by the American Academy of Pediatrics, in the U.S., about 30 million young people participate in some form of sports every year. Moreover, around 3.5 million sports-related injuries are experienced by sports players. The growing number of sports injuries is propelling the manufacturers to develop innovative sportswear. Compression apparel aids in expediting the process of rebuilding of muscles and significantly reduces fatigue. Owing to their myriad benefits, the sport players opt for the apparels to prevent injuries that are likely to contribute to the global compression sportswear market growth in the forthcoming years.

REGIONAL INSIGHTS:

Asia-Pacific – The region is expected to remain dominant and hold the highest position in the market during the forecast period. This is ascribable to factors such as the presence of a young population in the region and the active youth participation in sports activities in countries such as India, China, Japan, and South Korean in the region. Asia-Pacific stood at USD 1.35 billion in 2020. According to the United Nations, around 60% of the global youth population is present in Asia-Pacific.

North America – The market in the region is expected to experience significant growth in the forthcoming years. This is due to the improved standard of living and the presence of a number of sports such as athletics, football, and other endurance events that will boost the adoption of advanced compression sportswear between 2021 and 2028. 

Report Coverage

Driving Factors

Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

Increasing Menstrual Literacy Rate to Boost 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.

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

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