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Furniture industry alert! Reasons why you should be optimistic about 2021 – Check list here

Furniture industry alert! Reasons why you should be optimistic about 2021 – Check list here

The furniture industry has come a long way in procuring the maturation of market in all its inhibitions. Peculiarly after the pandemic attack throughout the world, every commodity of every market got affected with the complete lack of transportation and E-commerce service. Yet, the tycoons of furniture bazaar say, that even though the industry has suffered a huge loss, they were able to recover a reasonable amount of net projected income at the end of the year 2020. This was not a surprise at all because industry was estimated to reach $205,052 Billion Dollars with the growth rate of 2.7%, and it surely did reach the target. 

Founder and CEO of WoodenStreet, Lokendra Ranawat, says, “There are various factors involved in the tremendous ballooning of furniture industry and it certainly allows the maximum chance of being extensively optimistic.” Top reasons listed here as per Lokendra Ranawat:-

1. Consumer Behavior is affected acutely

Since the pandemic, people have restricted their outdoor activities to the minimum because they already have a handy access to all the necessary services that they might need at home. The major reason behind such convenience is that companies across the nation provided work from home to their