A new report from Technavio, which monitors the furniture industry and examines market scenarios, latest trends and drivers, and market environment, states that the industry is poised to grow by $113 billion in the next few years.
It's a remarkable forecast, especially considering COVID-19's suppressing impact on the overall economy. But it may not surprise those immersed in the furniture business. Across furniture supply chains, from raw materials to retail, businesses are seeing record demands that strain inventories and are generating sensational sales.
While the COVID-19 pandemic continues to transform business growth and models, the furniture industry has been relatively unscathed and has experienced promising growth opportunities.
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