Global Directory of companies that make and supply home furnishings. The global furniture market is expected to grow from $564.17 billion in 2020 to $671.07 billion in 2021 at a compound annual growth rate (CAGR) of 18.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $850.38 billion in 2025 at a CAGR of 6%.