World Furniture Industry
World Furniture Industry

Summary/Abstract: Furniture manufacturing is one of the most important sectors of the world economy. The world furniture market is developing dynamically and has undergone significant transformations over the last decade. The globalization of markets has led to changes in the structure of international trade. International furniture trade has been growing steadily since 2014 till outbreak of the COVID 19 pandemic in 2019. Population growth, high level of urbanization, development of construction business, increase in the number of business establishments, tourism development, demand for educational institutions, expansion of the medical sector, regular usage of outdoor spaces and many other factors contribute to the ever-increasing demand for furniture. The furniture manufacturing sector is one of the largest capital and labor-intensive sector, accounting for 4% of world production and providing jobs for 3% of the working population. China, USA, Germany and Italy are the largest exporters of furniture in the world. In the study we will look at the leading countries in the world of furniture production and the largest furniture manufacturers.

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