They are a significantly smaller population with lower wealth. Companies will need really good design and designers to sustain their business. Right now, Industrial designers are in high demand. I don't predict this kind of demand for furniture designers. However, there is always a place for talented people.
Home furnishings is a traditional industry with low capitalization.
It sees trends strictly in terms of short-term style. I love the home furnishings design, but one must realize the nature of the industry. I recommend to students to get a good general design education, possibly in Industrial Design, go in to furniture design and work to be successful. Today, people in other fields will work in 3 or 4 different fields in their lifetime. Many designers will be able to work in design their whole life, but they must be ready to change specialties.