Definition:
The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.
Structure:
The Furniture market is divided into seven segments:
Additional Information:
The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Furniture market in Uzbekistan is experiencing significant growth and development in recent years. Customer preferences for furniture in Uzbekistan have been shifting towards more modern and contemporary designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing and in line with current design trends. This shift in preferences can be attributed to the increasing exposure to global design trends through the internet and social media platforms. Customers in Uzbekistan are now more aware of the latest furniture designs and are seeking to incorporate these trends into their homes and offices. Trends in the furniture market in Uzbekistan also reflect the global trend of sustainability and eco-friendliness. Customers are showing a growing preference for furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend can be attributed to the increasing awareness of the environmental impact of furniture production and the desire to make more sustainable choices. Furniture manufacturers in Uzbekistan are responding to this trend by offering a wider range of eco-friendly furniture options. Local special circumstances in Uzbekistan also play a role in the development of the furniture market. The country has a rich cultural heritage and a long history of craftsmanship. This has resulted in a strong tradition of handmade furniture, which is highly valued by customers. Handmade furniture in Uzbekistan is known for its intricate designs and high-quality craftsmanship. Customers in Uzbekistan appreciate the uniqueness and individuality of handmade furniture, and this has contributed to the growth of the local furniture industry. Underlying macroeconomic factors are also driving the development of the furniture market in Uzbekistan. The country has been experiencing steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. As a result, customers in Uzbekistan have more purchasing power and are able to invest in higher-quality furniture. This has created opportunities for furniture manufacturers to cater to the growing demand for premium and luxury furniture in the market. In conclusion, the furniture market in Uzbekistan is developing in response to changing
Customer preferences: global design trends,
Local special circumstances: and
Underlying macroeconomic factors:. Customers in Uzbekistan are increasingly seeking modern and contemporary furniture designs, as well as sustainable and eco-friendly options. The country's rich cultural heritage and tradition of craftsmanship also contribute to the growth of the local furniture industry. Furthermore, the steady economic growth and increasing disposable income in Uzbekistan have created opportunities for furniture manufacturers to cater to the growing demand for higher-quality furniture.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights