According to Government of United Kingdom, “The Furniture and Furnishings (Fire Safety) Regulations 1988 (amended 1989, 1993 and 2010) are UK law and are designed to ensure that upholstery components and composites used for furniture supplied in the UK meet specified ignition resistance levels and are suitable labelled”.

The article cited AMA's "Global Modern Furniture Market Study" explored CAGR of 5.36%. According to the report, Acceptance of Smart Furniture in Modern Furniture is one of the primary growth factors for the market. An increase in consumer spending on home improvement and renovations are driving the market. It is seen that the consumers are spending rapidly on improving the interiors of their spaces with modern touches, in order to raise their lifestyle standards. For example, The National Association of Realtors forecasts existing-home sales growth of 4% for the residential property market in 2018, which in turn helps in the growth of this market. is also expected to contribute significantly to the Modern Furniture market. Overall, Home applications of Modern Furniture, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online (E-Retailer Websites, Company Websites), is boosting the Modern Furniture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Hardwood, is boosting the Modern Furniture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Modern Furniture market identified that the demand is rising in many different parts of the world as "Growth in disposable income of the people and recovery of the residential housing sector ". Furthermore, some recent industry insights like "In May 2023, Salone del Mobile 2023, Italian furniture brand Pedrali has released several products in collaboration with Italian and international designers for both residential and contract environments. The new products include seating and tables that are suitable for either indoors or outdoors and are made from a range of materials, including ash, teak and aluminum." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Modern Furniture market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Modern Furniture market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Modern Furniture market size is calculated using market estimation process, the Modern Furniture market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Modern Furniture market size has been validated using both top-down and bottom-up approaches.