The global furniture market has seen robust growth over the past couple of years. Necessity or otherwise, it is still very attractive in terms of its overall demand. The residential sector has a major share of the overall demand for furniture. This is expected to continue its dominance during the next couple of years. The global furniture market was valued at $509.8 billion in 2020. The Asia Pacific was the largest regional market globally in 2020, accounting for 45% of the total market. Due to the emergence of e-commerce platforms and the increasing number of furniture retailers, the industry has become competitive, with furniture companies offering various products and services that cater to the various needs of their customers.
Insider Monkey comes up with a list of The 10 Best Furniture Companies in the World. Haverty is tenth on this list. HVT is a leading furniture retailer in North America. It started its operations in 1885 and has since expanded to 120 stores in 15 different states. Known for producing high-quality mattresses and furniture under the Sealy, Serta, and Tempur-Pedic brands, their products are affordable for most Americans. La-Z-Boy is also a prominent American furniture maker that is known for its wide range of products. Established in 1927, the company is known for its innovative products and unique styles. Roche Bobois is a French furniture retailer that is ranked 8th in the world. It is known for its high-end furniture products and innovative designs. Most of the furniture pieces by Roche Bobois are designed by renowned designers such as Stephen Burkes, Ora Ito, and Sacha Lakic. Wayfair is an e-commerce company that sells a variety of home goods and furniture. The company was established in 2002 and was formerly known as CSN stores. It now has a global presence with offices and warehouses in Canada, the United Kingdom, and Germany. To know the furniture companies that top this list, read Insider Monkey’s original article The 10 Best Furniture Companies in the World.