Market Trends of Upholstered Furniture Industry
Growth in International Trade of Upholstered Furniture Products
The US and the North American markets are open to foreign products, and this is the main driver of the growth of Upholstered furniture. This has been the driving force of international trade for many years. The US market for upholstered fabricated products rapidly expanded after the Great Recession. Chairs and tables are the major imports of the US market for furniture products. After the U.S., Germany is Europe's biggest market for upholstery furniture. Germany is a net exporter, followed by countries such as France, the UK, and Switzerland.
Luxury & comfortable wooden furniture imports and exports are rising, as well as the need for lower capital investment for setting up furniture factories and developing online or e-commerce channels. However, market growth is hindered by a lack of skilled labor and a volatile economic climate.
Asia-Pacific is Dominating the Market, with China Leading the Upholstered Furniture Manufacturing
Asia-Pacific accounted for the highest revenue share of the global upturned furniture market. The region is also the one that is producing the most upturned furniture worldwide. China is one of the leading manufacturers of fabrics used in different types of fabric applications. China is also the largest exporter of upturned furniture around the world. Some of the fastest-growing countries for upturned furniture are China, India, and Indonesia. China has significantly increased upturned furniture production in the last ten years. The region accounts for a higher percentage of the manufacturing of upturned furniture. Europe and North America account for the remaining 38%, while other regions account for marginal proportions.
