The furniture industry in canada a market analysis about forestry logging and wood products in canada written by bedjasses the canadian home furnishing alliance chfa and the canadian government have taken a proactive approach to increase awareness in the furniture and furnishing products market and to promote a modern lifestyle to . Canada revenue in the furniture market amounts to us30300m in 2020 the market is expected to grow annually by 12 cagr 2020 2023 the furniture market centers on different movable . Luxury furniture market overview luxury furniture market is expected to garner 2701 billion by 2020 registering a cagr of 41 during the forecast period 2015 2020 major factors owing to progress in this sector include rise in disposable income that leads to rise in demand for luxury living thus influencing sector growth. Country furniture is probably best understood as material produced after or similar to the mainstream of influences or period styles eg chippendale hepplewhite sheraton using local woods and influenced by the limitations of the cabinetmakers tool chest imagination and level of workmanship. While this growth has benefitted canadian timber producers it has increased competition in the furniture market for the canadian domestic market the economic recovery is revitalizing furniture sales according to jean francois michaud ceo of the canadian home furnishing market tchfm
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