furniture industry news
Historic JTB Furniture to Suspend Operations After Nearly a Century
JTB Furniture — a family-rooted manufacturer established in 1932 that later became part of Prime Hospitality in 2024 — confirmed it will shut down factory operations next month, a decision the company says reflects ongoing industry challenges and strategic realignment.
Global Furniture Market on Track for Strong Growth Through 2030, Driven by Urbanization, Digital Retail and Sustainable Innovation
The furniture market is estimated at USD 768.78 billion in 2025 and is projected to reach USD 953.14 billion by 2030 at a CAGR of 4.39 %, fueled by rising urbanization, online retail penetration, sustainability mandates, and demographic shifts that favor space-efficient and multifunctional furnishings.
Redefining Global Indoor Living — Where Comfort Meets Craftsmanship
Discover the world of indoor furniture with The Furniture Times, a global platform connecting manufacturers, retailers, and designers. Explore living room furniture trends — from sofas and coffee tables to media units — where craftsmanship meets sustainability and innovation drives modern living.