There's absolutely beautiful and durable furniture available, it's just a lot more expensive than Ikea. There's a local place that makes furniture on-demand; as far as I can tell, the quality is great, but we're talking $8–10k for a dining table. That segment of the market still exists and I don't see it going anywhere.

Cheap, mass-produced furniture has taken the bottom of the market but there really is a wide variety available today.