HORECA Furniture Market Predicted to Reach $263.9 Billion by 2032

Record Growth for HORECA Furniture Market

The HORECA furniture market is making noticeable strides and is anticipated to reach a staggering value of USD 263.9 billion by 2032, expanding at a sustainable Compound Annual Growth Rate (CAGR) of 4.6%. The report, recently released by FACT.MR, provides an in-depth analysis of the global furniture industry's current trends and future possibilities.

Major Market Players

Industry giants are decidedly making their mark, contributing significantly to the growth. Top market players like Ashley Furniture Industries, Inter IKEA Systems B.V., and Herman Miller are heading the league with innovative offerings in the furniture market.

Furniture Trends on the Rise

The latest trend is a result of the consumers drifting towards eco-friendly furniture and the demand for furniture with multiple utilities. Consequently, the increasing popularity of portable furniture is also encompassed.

Influence of COVID-19 on the Market

The unprecedented COVID-19 pandemic shows dual effects on the furniture sector. On one hand, the production units experienced halts due to lockdowns, and on the other hand, the work-from-home trend gave a boost to home office furniture demands.

• The furniture market foresees a soaring leap reaching USD 263.9 billion by 2032
• Sector expands at a CAGR of 4.6% with major players like Ashley Furniture Industries, Inter IKEA Systems B.V., and Herman Miller at the helm
• Demand for eco-friendly furniture and multipurpose usage patterns the growth curve
• Portable furniture gains popularity as a part of the latest trend
• Dual impact of COVID-19 propels home office furniture demand #HorecaFurnitureMarket #MarketTrends #EcoFriendlyFurniture #MultipurposeFurniture #PortableFurniture #COVID19Impact #HomeOfficeFurniture #MarketGrowth #AshleyFurnitureIndustries #InterIKEASystems #HermanMiller #CAGR #IndustryGiants #MarketPlayers