Home Furniture Market Predicted to Grow
According to a recent study, the market for home furniture will grow significantly in 2023 as compared with 2022.
The same study predicts continued vigorous growth through 2028.
These predictions make sense because they track the ongoing impacts of COVID-19 on the ways we work, particularly the persisting work-from-home and hybrid models.
It’s important to note that the forecast was published during the recent period of high inflation, which had not appeared to dampen consumers’ enthusiasm for new furnishings. That should alleviate any anxieties that might arise about the business of interior decorating when we hear about current economic uncertainties.
Read this article for a summary of the report. Read the full report here.