The global furniture market has witnessed tremendous growth, leading to outstanding profits for the top 10 furniture brands in the world — who are leading the way for the industry in 2020. The global furniture market share is to be worth USD 472.30 Billion by 2024 and is expected to grow at a CAGR of 5.2% by 2024. The largest factor driving growth in the market is due to significant demand from the younger generation — led by the best furniture brands in the world mentioned in this article. The increasing popularity of online retail stores to support market growth in North America is another factor greatly contributing to the growth of the global furniture market.
Growing demand for domestic furniture continues to dominate that market and the top furniture brands in the world are aware of this. The top 10 furniture brands in the world are meeting consumer and market demand with multi-functional furniture that includes various features such as the maximum storage facility, stylish design, and innovative space-saving designs that are driving the global furniture market growth.