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This report provides strategists, marketers and senior management with the information they need to assess the global furniture market as it emerges from the COVID-19 shut down.
The global furniture market is expected to grow from $564. 17 billion in 2020 to $671. 07 billion in 2021 at a compound annual growth rate (CAGR) of 18. 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $850. 38 billion in 2025 at a CAGR of 6%.