DUBLIN — The total turnover of the top 200 furniture manufacturers increased by over 30% from 2017 to 2022, according to the "Top 200 Furniture Manufacturers Worldwide" report from ResearchAndMarkets.com.
The trend indicates that the growth of the Top 200 companies was higher than that of the sector in terms of sales. In 2020, the decrease in sales of the Top 200 manufacturers had been contained comparing the world furniture production, driven by larger financial capabilities that allowed leading companies to quickly re-align business strategies, implement new sales channels (e.g. online), and reposition their supply chain. Preliminary results show that even in 2022, the Top 200 maintained the same level as in 2021, whereas world furniture production decreased by 3%.
The Top 200 are spread all over the world. They have headquarters in 30 countries. Regarding furniture turnover, top companies from Asia and the Pacific account for nearly 40% of the total furniture turnover generated by the top 200 companies. European and Americas companies account for 30% each.
The report Top 200 furniture manufacturers worldwide is the result of extensive research to identify, compare and profile the leading furniture manufacturers in the world.
For more information on the report, click here.
Have something to say? Share your thoughts with us in the comments below.