June 2022

Furniture manufacturers project sales gains

Despite recent sales fluctuations and the ongoing material and labor supply issues, the outlook for 2022 and 2023 remains optimistic for both residential and contract furniture manufacturers. According to Allied Market Research, the global demand for furniture — residential and commercial — will hit $800.6 billion USD by 2025, at a CAGR of 3.5%  (2018-2025).

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