The furniture industry is undergoing a major shift right now. As the average consumer and homeowner finds rents getting higher and spaces getting smaller ideas about furniture is definitely going through a bit of a change, perhaps even a Renaissance. But even with needs and living concepts changing, many anticipate that the global furniture market could reach nearly $700 billion by 2019.
And that will all come out of the most recent, emerging trends.
TELECOMMUTING WILL DRIVE MORE DEMAND FOR HIGH-QUALITY HOME OFFICE FURNITURE
It is not only that people simply want to work from home; but technology is also simply making it easier to do this. It is quite desirable, of course, to work from home; whether you own your own business or have managed to find a position that allows you to telecommute.
MULTI-FUNCTIONAL FURNITURE IS BETTER FURNITURE
Again, smaller spaces has caused people to think about furniture in a different way. This has emerged a new perspective of designing multi-functional furniture that does more than just offer you a place to sit.
THE INTERNET IS THE BEST WAY TO BUY FURNITURE
Yes, even with furniture, e-commerce is improving in sales. The online furniture industry is growing remarkably fast; though not quite even with traditional furniture retailers; at least, not yet. This will only continue to increase as the years go by. As a matter of fact, this industry is actually quite concentrated with only about 15,000 stores and an annual revenue of about $27 billion.
TRENDING IS MORE THAN A TWITTER TERM
There are two trends on the rise right now in terms of home furnishings: luxury and eco-friendly. From posh I shape sofa options to sustainable natural fabrications, these trends easily parallel the mindset of most consumers across all industries right now.