Furniture News

Recent industry report about Furniture company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Furniture Market industry experts.

Single User License
Team License
Corporate License
Book before:

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Furniture News

  • March 2023: Wriver announced the launch of a range of new furniture pieces designed in collaboration with the eminent award-winning design studios Morph Lab, MuseLAB, Studio Sumeet Nagi, and Wriver Design Studio, exclusively at India Design 2023. To synergize rare craftsmanship and material innovation and further their vision of 'energizing modern living,' the collections were grounded in international sensibilities and crafted to empower interior designs.
  • February 2023: IKEA launched three collections as part of its new Transitions range - Vivid Wonderland, Glorious Green, and Simple Serenity. Instead of regularly replacing items around the home, the Swedish retailer encourages households to be more sustainable with their purchases, choosing longer-lasting items that can be used repeatedly in households to be more sustainable with their purchases, choosing longer-lasting items that can be used repeatedly.

Get full market coverage in this industry. Download Sample Report.

  • April 2023: Sleep Number launched its next-gen Sleep Number smart beds and Lifestyle Furniture. It is sold separately but optimally used together; the innovations are intended to help sleepers get their best sleep and realize their full potential through every stage of life.
  • March 2023: Mattress company Serta Simmons is implementing a new suite of SaaS solutions aimed at optimizing manufacturing efficiency and supporting the company through their next stage of growth.
  • January 2022: Indonesia approved a USD 6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison.
  • October 2022: Indonesian furniture retailer Febelio declared bankruptcy due to the financial difficulties brought about by the pandemic and its failure to raise new funding.
  • September 2022: Visual Comfort & Co. collaborated with Scott Brothers Global and its well-known home furnishings brand, Drew & Jonathan, on a multi-category collection that includes table, floor, ceiling, and wall lighting solutions.
  • March 2022: Herman Miller. announced the opening of a new experiential retail store on Gansevoort Street in Meatpacking, with another New York City location to follow in Williamsburg, Brooklyn.
  • August 2023: Ashley Furniture Industries inaugurated a state-of-the-art distribution facility in Spanaway, Washington, further enhancing the company's extensive national network of eight distribution centers dedicated to serving customers across the United States.
  • August 2023: The Home Depot introduced its innovative New Homeowners Hub, aimed at empowering the next generation of both current and prospective first-time homeowners. This comprehensive resource hub offers a wealth of valuable tools, such as do-it-yourself guides, product recommendations, design inspiration, and more, to assist individuals in their home improvement journey.
  • June 2023: Purple Innovation introduced a duo of cutting-edge adjustable smart bases: the Premium and Premium Plus Smart Bases. These innovative products are equipped with an array of customizable features designed to enhance the overall sleep experience. Users can conveniently fine-tune their sleep settings and optimize sleep quality through the Purple Smart Base app or a wireless remote control.
  • May 2023: Tempur Sealy International, a prominent memory foam bed manufacturer, expanded its reach by acquiring its rival, Mattress Firm Sweet Dreams, in a substantial USD 4 billion cash-and-stock transaction. This strategic merger not only unites manufacturing and retail capabilities but also solidifies Tempur Sealy International, Inc.'s position as a leading developer, manufacturer, and marketer of a wide range of sleep-related products, including mattresses, adjustable bases, pillows, and various relaxation items.
  • September 2023: the United Kingdom Government, in collaboration with Santander UK, announced a significant funding package to support Dewsbury furniture manufacturer Jay-Be in its efforts to boost its export growth. UK Export Finance (UKEF), a government department dedicated to assisting UK companies in winning, fulfilling, and receiving payment for export contracts, played a pivotal role by extending its support to the bed and mattress specialist. This support was facilitated through the issuance of a General Export Facility (GEF) loan guarantee.
  • September 2023: The Sleep Story unveiled its latest cutting-edge innovations, namely the 'Elev8 Smart Adjustable Bed Frame' and the 'Smart Ortho Hybrid Pocketed Spring Mattress.' These groundbreaking products boast an array of unique features, including a zero gravity mode for optimal body comfort, an anti-snore posture that enhances air circulation, a TV mode, and a dual-zone massager for deep relaxation. All of these features can be easily accessed and controlled with a simple click of a button.
  • August 2022: In Spanaway, Washington, Ashley Furniture Industries inaugurated a new distribution facility. The company's expansion existing national network of eight distribution centers serving the United States was expanded by the new location.
  • March 2022: Herman Miller. announced the opening of a new experiential retail store on Gansevoort Street in Meatpacking, with another New York City location to follow in Williamsburg, Brooklyn.

August 2023: SICO and Office Furniture successfully completed the acquisition of Bush Industries, a prominent American manufacturer specializing in case goods and ready-to-assemble (RTA) furniture for both office and home settings. This strategic move has significantly expanded the company's customer base and market reach.

August 2022: Ameriwood Home unveiled a new wall bed as part of its Signature Sleep brand. Committed to catering to all aspects of the sleep comfort market, Ameriwood Home, in collaboration with its affiliated companies, has diversified its product range extensively. The primary objective of Ameriwood Home was to provide consumers with adaptable furniture options, recognizing the growing trend of remote work in the United States.

  • January 2023: Bestar Modern Home and Office Furniture announced a private equity partnership with MB Capital, marking a significant milestone in their business expansion efforts.
  • March 2022: SICO and Office Furniture successfully acquired Bush Industries, a prominent American manufacturer specializing in case goods and ready-to-assemble (RTA) furniture for both office and home environments. This strategic move has significantly bolstered the company's customer base and market presence.
  • Jan 2023: Southerland launched a new technology, the wall-hugging capability of EasyREACH®, which allows for a consistent distance between the user and the nightstand, which is especially beneficial for individuals with neck or back problems or other medical conditions. Both standard models and EasyREACH are available in the firm's store.
  • Dec 2022: Ergomotion announced the introduction of its Bed Diagnostic function, which is available for a limited selection of Ergomotion adjustable bed bases. This new feature enables customers to evaluate the functionality of their bed base via the Ergomotion mobile app and provide a report if any repairs or part replacements are required.

Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)