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A key factor driving the growth of the market is the increasing
residential and commercial construction. The rising focus on infrastructural
and real estate development as well as the construction of new residences and
offices are expected to increase the sales of new furniture and furnishings. In
addition to new construction, the rising demand for furniture is also
complemented by the increase in a number of renovation and modification
projects across key countries such as the US, China, and India. The rise in a
number of multinational and global companies as well as technology and business
parks, due to favorable trade relations between countries and government
policies, is estimated to increase the demand for office and commercial
furniture during the forecast period. Such factors are estimated to drive the
growth of regional as well as the global furniture market during the forecast

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