The Western Hemisphere is the top home to the vast majority of nations that are most successful in exporting luxurious furniture to other regions of the world. China, which comes at the top, and Vietnam, the only other Asian nation on the list and seventh overall, both depart from this pattern. Asia's lone nation to appear on the list is China. Due to a surge in demand across all markets, even developing ones, the furniture export industry has experienced unprecedented growth in recent years. Particularly, this rise in demand has been fueling furniture exports. The demand for furniture is currently at extraordinarily high levels in both the European and North American markets.
2014 saw an amazing 244.6 billion dollars worth of furniture exports from around the world, with China accounting for about 38 percent of that total. The high total output of furniture in certain nations is demonstrated by the fact that several of the top exporters of furniture are also significant importers of furniture. The sale of furniture on international markets generates about $4.2 billion in revenue for the Netherlands every year. Despite having a robust furniture manufacturing industry, it imports 70% of the goods it requires to meet local furniture demand. Even though the sector is thriving, this is the situation. From office supplies to home furnishings, the Netherlands is in charge of producing a wide range of products. Despite a drop in the number of furniture units sold in 2014, the furniture business saw an increase in revenue during the first three months of 2015. IKEA, the biggest seller of Scandinavian furniture worldwide, is well-known not only in the United States but also in many other nations across the world. Despite this, it is not wholly improbable that the country's recent economic crisis will continue to negatively affect the furniture and home furnishings industry. It is intended that the development accomplished in 2014 will operate as a prelude to an even more significant improvement in the following years, as demonstrated by those data for that year.
Home furniture brands in the world
Top furniture exporting countries
The Czech Republic is among the top furniture and leather sofa exporting countries which earned 4.4 billion dollars in revenue from furniture exports in 2014. For comparison's sake, just 22 million US Dollars worth of furniture was imported into the Czech Republic in 2014. German, Italian, and Austrian consumers buy the majority of Czech wooden furniture exports. As a significant exporter, the vast majority of its furniture companies are aiming to maintain higher standards than their counterparts in nations with lower standards. The Czech Republic's furniture industry relies heavily on wood mass as its primary raw material. Building using wood mass is also seen as a "green" option. Low-priced materials ensure that production won't suffer from a lack of cost-efficiency. To put it another way, the country's relatively recent EU entry has not only stabilized its income but has also increased them significantly. In 2014, Canada's furniture exports generated $4.9 billion in revenue for the country. Over 93% of all Canadian furniture exports go to the United States, making it the country's top destination for furniture made in Canada. Domestic furnishings and kitchen cabinets make up the bulk of this company's exports.
On the other hand, Quebec and Ontario, which together generate 75% of all of Canada's furniture, are responsible for making it.
The recent housing crisis in the United States has had a direct impact on the furniture industry in Canada. Despite this, Asian competitors in the United States continue to offer lower prices to American clients. Recently, the economy of the United States has shown signs of improvement. Exports of furniture to the United States, which have increased significantly in recent years, helped Vietnam achieve sales of $6.7 billion last year. Despite Vietnam having the fastest growth rate in furniture exports when compared to other important exporting countries, the United States has just recently begun outsourcing its manufacturing to Vietnam. Vietnam had previously been exporting furniture to the European Union countries before that point in time.
Top furniture importing countries
There is a significant amount of space for development and expansion in the furniture sector. In addition, the number of countries that import it is continually expanding. Wooden and metal office furniture, plastic furniture, and other forms of material furniture are all included in the worldwide market for furniture, which also includes other types of furniture made of wood, such as wooden office furniture, wooden bedroom furniture, and wooden kitchen furniture (including cane, osier, bamboo, and similar materials). Because of its close ties to the forestry industry and its potential for integration with other major economic sectors like tourism and residential real estate, CARICOM views this sector as an essential component of its economy. This is because it has the potential to integrate with other major economic sectors. In 2008, the global value of furniture imports was $73 billion US dollars.
This result is consistent with the worldwide spending on furniture increasing by an average of 12 percent every year since 2001.
Between the years 2001 and 2008, the proportional importance of furniture in the worldwide basket of imports dropped, in comparison to the total increase in spending on global imports, which was approximately 14 percent per year. In 2008, the top 10 markets spent a combined total of 17.9 billion dollars on furniture that was imported from the United States of America, France, the United Kingdom, Germany, Canada, Japan, Belgium, Switzerland, and the Netherlands. Spain was the tenth largest market for furniture imports. Between the years 2004 and 2008, the markets of Benin, Brazil, Ukraine, Colombia, Bulgaria, Qatar, India, Iran, Argentina, Oman, St. Lucia, Angola, Venezuela, the Russian Federation, China, Turkey, the United Arab Emirates, Panama, South Africa, and the Dominican Republic were among those with the most dynamic growth in the expenditures related to the importation of furniture.
Top furniture manufacturing countries in the world
It has been CSIL's flagship publication on the current situation and prospects of the furniture industry since 2000. A wide range of countries around the world is examined in terms of furniture manufacturing, consumption, imports, and exports. Throughout the research, the number of countries represented increased from 50 to 70. The report has matured after 16 years of excellent work, and it is now time to take an aspirational step forward in its development. With the introduction of the July 2017 edition of the CSIL research titled "World Furniture Outlook," the report's reach expanded to 100 nations. 
International organizations produce and disseminate data on the socio-economic circumstances of more than 200 countries. CSIL has picked the new countries based on the size of their economies, the importance of their furniture industries, and their contribution to the global furniture trade. Small economies, such as those in developing countries with sparse populations and low per capita incomes, were left out of the running. 100 countries make up 95 percent of the world's GDP, and they make up more than 90 percent of the world's people. As of right now, these countries' combined furniture output is worth over $ 420 billion (at production pricing, excluding retail markup). Almost every country that has a significant impact on the furniture industry is involved in this effort. There are 40 countries in Europe, 18 in the Americas, and 21 in the Middle East/African/Pacific nations covered by CSIL when this extension was completed. China is the world's largest furniture manufacturer, generating 39% of global output. Aside from the United States, Germany, Italy, India, Poland, and Japan are some of the other countries that make a large amount of furniture. These are the five countries that import the most office furniture in the world: the United States, Germany, the UK, France, and Canada.
World furniture market
Commodity Market Size for Furniture (Plastic, Wood, Metal), Commercial (Business/Office, Educational, Healthcare, Hospitality) and Residential (Upholstered Furniture, Non-Upholstered Furniture, Bedroom, Kitchen Cabinet, Dining Room) Using Distribution (Online, Offline), According to Budget (High-End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture), COVID-19 Analyse of the impact, regional outlook, application growth potential, price trends, competitive market share and forecast for the years 2021–2027 The furniture market is expected to grow at a CAGR of 5.4 percent from 2021 to 2027, with a market value of $545.78 billion in 2020. 
The industry is expected to reach a volume of 62,496.5 metric tons by 2027, expanding at a rate of 4.8% per year. The industry's growth is expected to be fueled by the rapid expansion of new residential projects around the world. Furniture solutions are expected to be in high demand as a result of recent smart city developments and the growth of the building industry. Over USD 158 billion in technological investments are estimated to be made in smart city initiatives around the world by 2022, according to the International Data Corporation. Promoting pre-assembled furniture for both residences and businesses would help expand the market by bringing in more customers and better deals. With the help of construction businesses, furniture and sofa makers are expected to acquire a competitive advantage. The main driver of economic growth in both developed and developing countries is the construction of their infrastructure. The financial aspects of a country's growth have a positive effect on efficiency and construction development. As the global population grows, so does the demand for homes and businesses that are built with safety in mind, which in turn drives infrastructure development.
Furniture industry statistics
As a direct consequence of this, the furniture company in the United States has transitioned from being mostly a family-owned enterprise to one that is more varied. 
The competitive landscape has been transformed as a result of several factors, including the unpredictability of the economy, advances in technology, and shifting preferences among consumers. As a result, it is now significantly more difficult for market participants to keep a competitive advantage. Continue reading to acquire the skills necessary to successfully navigate an increasingly crowded market. Because of this fair playing field, many of the most successful furniture manufacturers in the United States were able to compete with one another on an equal footing before the year 2007. Because it was more common for smaller firms that were individually held to compete in their local marketplaces, any advantages or disadvantages that these enterprises could have had were more likely to be transitory. The Great Recession served as the impetus for the development of a furniture market that is more varied and active. Because of the worldwide economic slump, over 12,000 furniture stores were forced to shut their doors between the years 2007 and 2015. There are, thankfully, several positive signs that point to the industry being on the road to recovery. Over the previous five years, the market for furniture and home goods has increased at a compound annual growth rate of 4.1 percent, reaching a value of $96.57 billion in 2016. The majority of this expansion is being driven by well-established brands, which is a positive sign for the furniture retail industry in major cities across the United States. As a direct result of the economic downturn, a significant number of significant independent and regional businesses have seized the chance to expand their operations into new locations such as Dallas and Phoenix. Despite this fact, new competitors can enter the digital arena as a direct result of the ever-growing presence of technology.
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