Claim 20% Off With Code ONLINE20 – Explore Market Reports Covering Trade Trends, Regulatory Changes, and Growth Insights
What Is the Current Market Size and Growth Rate of the Furniture Logistics Market?
The furniture logistics market size has grown strongly in recent years. It will grow from $108.66 billion in 2024 to $115.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to the increasing international trade, expansion of direct-to-consumer sales channels, growth of the e-commerce sector, increasing outsourcing of logistics, and expansion of e-commerce.
The furniture logistics market size is expected to see strong growth in the next few years. It will grow to $146.64 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising urbanization, rising consumer expectations for fast delivery, growing importance of last-mile delivery solutions, increasing investment in warehouse infrastructure, and growing focus on sustainability. Major trends in the forecast period include technological advancements, digital transformation, real-time tracking, integration of green logistics, and data analytics.
Claim your free report sample now:
What Are the Key Drivers of the Furniture Logistics Market?
The increasing demand for furniture is expected to propel the growth of the furniture logistics market going forward. Furniture refers to movable objects intended to support various human activities such as seating, eating, and storing items such as tables, chairs, desks, and cabinets. Due to rowing home decoration and renovation trends among the global population, the demand for furniture is rising. Furniture logistics services are crucial in supporting the growth and rising production in the furniture market by providing efficient transportation, storage, and supply chain management solutions. For instance, in February 2023, according to a report shared by Hollywood Mirror, a UK-based interior design company, the manufacturing of furniture generated about $3.22 billion in 2020. Additionally, in 2021, 5.58 million pieces of wooden bedroom furnishings were sold by UK manufacturers. Therefore, the increasing demand for furniture is driving the growth of the furniture logistics market.
How Is the Furniture Logistics Market Segmented?
The furniture logistics market covered in this report is segmented –
1) By Service Type: Transportation Services, Warehousing Services, Distribution Services, Assembly And Installation Services, Reverse Logistics Services
2) By Furniture Type: Residential Furniture, Commercial Furniture
3) By Transportation Mode: Road Transportation, Rail Transportation, Air Transportation, Sea Transportation
4) By Distribution Channel: Direct-To-Consumer (DTC), Retailers, E-Commerce Platforms, Wholesale Distributors, Other Distribution Channels
Subsegments:
1) By Transportation Services: Local Transportation, Long-Distance Transportation, Freight Transportation, Specialized Furniture Transportation, White-Glove Delivery Services
2) By Warehousing Services: Temperature-Controlled Warehousing, General Warehousing, Customizable Storage Solutions, Inventory Management Services, Cross-Docking Services
3) By Distribution Services: Direct-To-Consumer Distribution, Retail Distribution, E-commerce Distribution, Last-Mile Delivery, Bulk Distribution Services
4) By Assembly And Installation Services: In-House Assembly Services, On-Site Installation Services, Flat-Pack Assembly Services, Custom Furniture Assembly, Disassembly Services For Relocation
5) By Reverse Logistics Services: Returns Management, Recycling And Disposal Services, Repair And Refurbishment Services, Resale Of Returned Furniture, Inventory Liquidation Services
What Are the Key Trends Shaping the Furniture Logistics Market?
Major companies operating in the furniture logistics market are adopting a strategic partnership approach to develop innovative in-home delivery services. Strategic partnerships help furniture logistics companies by combining resources and expertise, enhancing research and development capabilities, expanding market reach, and accelerating commercialization, ultimately driving innovation and growth in the furniture logistics industry. For instance, in July 2022, Kirkland's Inc., a US-based retail company, partnered with Ryder System Inc., a US-based logistics and transportation company, to launch a new in-home delivery service for its customers across the United States. This initiative aims to enhance the customer experience by providing last-mile delivery, light assembly, and packaging disposal for large home décor and furniture products. The partnership leverages Ryder's extensive logistics capabilities and technology to streamline the delivery process and enhance Kirkland's omnichannel service offerings.
Which Are the Top Companies in the Furniture Logistics Market?
Major companies operating in the furniture logistics market are Savino Del Bene S.p.A., DB Schenker, Kuehne + Nagel International AG, J.B. Hunt Transport Services Inc., Maersk Logistics and Services, Kerry Logistics Network Limited, XPO Logistics Inc., Röhlig Logistics GmbH & Co. KG, AIT Worldwide Logistics Inc., Noatum Logistics USA LLC, Logistics Plus Inc., Samskip Multimodal, Speed Commerce Inc., Ceva Logistics AG, ColliCare Logistics AS, LGT Logistics AB, DHL Supply Chain, CG Logistics Pvt. Ltd., Massood Logistics Inc., NTG Nordic Transport Group A/S, Ross Furniture Logistics
Get the full furniture logistics market report here:
Which Region Is Projected to Account for the Largest Share of the Furniture Logistics Market?
Asia-Pacific was the largest region in the furniture logistics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the furniture logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment