According to research by Allied Market Research, global demand for furniture is expected to increase, owing to the millennial generation’s rapid urbanisation and high-purchasing power.
Advanced manufacturing technology has lowered the cost and time for manufacturing. However, manufacturers believe that rising raw material prices will have a long-term impact and hamper market growth.
Read the full story here – https://www.woodbizafrica.co.za/january-2024-issue-33/#january-2024-issue-33/46/