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The World Upholstered Furniture Industry Landscape
The world upholstered furniture market amounts to USD 73 billion, about 16% of the total furniture market. The largest markets are the United States, China, and Germany. Following the rebound after the pandemic, which saw a 22% increase in global upholstered furniture consumption (2021 compared to 2020, in current USD), the market has shown slow growth over the past decade, averaging a 1% annual increase. In 2023, the global market contracted by 8%, gradually returning to pre-pandemic levels.
