Selbyville, Delaware, United States, November 9 2020 (Wiredrelease) Global Market Insights, Inc :The furniture market is likely to witness a period of flourishing growth in the forthcoming timeframe due rapid globalization and urbanization across the world. The several ongoing smart city initiatives and new hospitality industry projects are further expected to create new opportunities for the furniture market.
As per a Global Market Insights, Inc., the research report, the furniture market is slated to surpass a $750 billion valuation by 2026.
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With the rapid urbanization and advent of numerous surging residential commercial projects, prominent market players are continuously introducing novel solutions to strengthen their position in the industry scape. Citing an instance, in November 2020, Ideal Standard, a renowned leading manufacturer of bathroom and washroom solutions, reportedly announced the launch of a novel range of Adapto Furniture into the market.