Furniture Logistics Market size is valued at US$ 103.45 billion in 2022 and is expected to reach US$ 142.68 million by 2029, at a CAGR of 4.7% from 2023-2029. Furniture logistics can be defined as the application of logistics in the furniture sector to manage the acquisition, storage, and distribution of resources to diverse end-users. The furniture sector benefits from logistics because it ensures a steady supply of various furniture from suppliers and distributors around the country. It's also possible that a corporation will outsource its logistical operations if it's determined that doing so will lower the overall cost of the operation. Transportation is one of the most extensively outsourced services in the furniture logistics sector, and it necessitates a significant amount of both experience and cost to complete. Network planning and optimization, project logistics, cargo insurance, freight forwarding, and customs brokerage are just a few of the benefits of implementing furniture logistics. The worldwide furniture logistics industry is fueled by a number of factors. The logistics and transportation industry is critical to the growth of the e-commerce market because it provides warehouse infrastructure and makes goods and services available to customers from manufacturing sites. Expansion in the real estate business, cost savings from using logistics services, and a focus on core capabilities are some of the other reasons driving market growth. Companies can increase their productivity by outsourcing logistics and other SCM-related activities to furniture logistics providers, allowing them to focus on their core capabilities. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global Furniture Logistics Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
4.7%Largest Market
Asia-PacificFastest Growing Market
Europe
Various reasons, such as the increase in the e-commerce business, are driving the market's expansion. The surge in technological investment in the logistics business is one factor that is functioning as an opportunity for the market.
Asia Pacific accounted for larger revenue share in global furniture logistics market with a CAGR of XX% and is expected to grow over the forecast years. The market’s growth in this region will be faster than the growth of the market in other regions and will continue to account for the largest market share all through the forecast period. The growing population and urbanization, and the increasing number of office spaces are driving the growth of the market. Factors such as the onset of urbanization and increasing disposable income in emerging economies are influencing the growth of the market. The rising number of economic corridors and SEZs, increasing demand for premium quality furniture, and the growth in tourism will also enhance the demand for furniture in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 103.45 billion |
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Market Size in 2029 |
US$ 142.68 million |
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Market CAGR |
4.7% |
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By Type |
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By Application |
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By Region |
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2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Furniture Logistics Market size is valued at US$ 103.45 billion in 2022 and is expected to reach US$ 142.68 million by 2029, at a CAGR of 4.7% from 2023-2029.
Table of Content
Disclaimer The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.
Key Market Players
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