Expert Market Research Explores the Top 10 Companies in the Global Furniture Market

Steelcase Inc., Haworth Inc., Kinnarps AB, Poltrona Frau S.p.a., VITRA INTERNATIONAL AG, Knoll®, Inc., NOWY STYL Sp. z o.o., Design Holding Group, Nitori Co., Ltd., Hooker Furnishings, Natuzzi S.p.A., and Ethan Allen Global, Inc., among others, are the major players in the global furniture market.

The global furniture market reached a value of about USD 629.50 billion in 2023. The market is projected to grow at a CAGR of 4.9% in the forecast period of 2024-2032 to reach around USD 968.23 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing disposable incomes with the growth of hospitality and housing sectors and developments in the commercial construction industry.

Furniture, comprising items like chairs, tables, beds, and cabinets, is crafted from diverse materials such as wood, metal, and plastic. Beyond providing a convenient surface for activities like sitting and sleeping, furniture plays a crucial role in enhancing a space's aesthetics. It caters to comfort and functionality, contributing to the ambiance of rooms in homes, including living rooms, bedrooms, kitchens, and dining areas. Additionally, furniture can hold symbolic or religious significance, serving purposes beyond mere utility.

The growing emphasis on sustainability stands out as a notable trend in the furniture market. Major industry players are actively pursuing a circular economy, responsibly procuring raw materials, and producing furniture using recyclable, durable, environmentally friendly, and non-toxic materials. These initiatives aim to enhance their Environmental, Social, and Governance (ESG) performance while advancing carbon neutrality goals.

The swift growth of online retail channels and the ongoing surge in the e-commerce industry are contributing to the furniture market growth. Furthermore, the escalating dependence of consumers on online shopping platforms, offering an extensive range of furniture, price comparisons, and convenient home-based purchases, is bolstering market growth. This trend reduces the necessity for in-person visits to physical stores.

In March 2023, Luxury furniture brand Wriver unveiled a collection of furniture pieces created in collaboration with renowned design studios Morph Lab, MuseLAB, Studio Sumeet Nagi, and Wriver Design Studio. Launched exclusively at India Design 2023, the collections aim to blend rare craftsmanship and material innovation while embodying an international design sensibility. The NUOLO series, designed by Morph Lab's NineO1, focuses on diversity and boundlessness, incorporating playful, whimsical, and non-conformist elements into the furniture pieces, creating a seamless fusion of fine art and design.

Top 10 Furniture Companies in the World:

Steelcase Inc.

Steelcase, a pioneer in office furniture, has shaped the industry with design and services that prioritise human potential. Believing in the impact of inspiring workplaces on productivity, the company has crafted furnishings and solutions for diverse workspaces, including learning, health, and remote setups. Emphasising human-centered research and design, Steelcase, along with its dealer network, focuses on innovation. Committed to sustainability, the company operates as a force for good, standing for people and the planet through its Steelcase, turnstone, and Coalesse brands.
 

Haworth Inc.

Haworth, a globally recognised leader in workspace solutions, provides award-winning furniture, interior architecture, and technology solutions. As a family-owned, USD 2 billion company, Haworth prioritises long-term planning over short-term gains, ensuring decisions benefit clients, members, and communities. With a global presence in over 120 countries, the company, with over 7,000 employees, designs, sources, and manufactures tailored solutions, leveraging its diverse ideas and global footprint to deliver top-tier design thinking to clients worldwide.
 

Kinnarps AB

Kinnarps, rooted in Scandinavian design tradition, produces, and delivers interior design solutions for offices, schools, and healthcare facilities. With a commitment to quality and sustainability throughout the value chain, the company operates in 40 countries and boasts six production facilities in Sweden. Kinnarps aims to create attractive interiors that foster motivation, productivity, and happiness, encapsulated in their concept of "successful interiors." The company's trademarks include NC Nordic Care, Kinnarps, Materia, Drabert, Skandiform, and MartinStoll.
 

VITRA INTERNATIONAL AG

Swiss family business Vitra, with an 80-year legacy, collaborates with leading designers to create innovative products for contemporary living and workspaces. Their furniture classics, used globally, include designs by renowned architects like Jean Prouvé, Charles and Ray Eames. The Vitra Campus, featuring iconic architecture, and the Vitra Design Museum contribute to a culture of inspiration and innovation. Operating on an environmental, cultural, and commercial mission, Vitra prioritises sustainable practices in product development, raw material sourcing, and supply chain organisation. Their commitment to design excellence shapes environments for a better future.
 

Knoll®, Inc.

MillerKnoll, a collective of dynamic brands, is reshaping modern design for the 21st century and contributing to positive global change. The Knoll brand, established in 1938, represents a constellation of design-driven entities specialising in furniture, textiles, lighting, accessories, and architectural elements. With a commitment to modern design, their diverse portfolio, including brands like KnollStudio and HOLLY HUNT, addresses the evolving needs of high-performance workplaces and luxury interiors. 
 

NOWY STYL Sp. z o.o.

Nowy Styl, a leading European provider of comprehensive furniture solutions for offices and public spaces, furnishes diverse venues daily, from office buildings to stadiums and cultural institutions. With an impressive clientele including DS Smith, Deloitte, and the Polish National Radio Symphony Orchestra, Nowy Styl's portfolio encompasses brands like Kusch+Co and Forum. They showcase their solutions in 29 showrooms across major European cities, offering top-notch furniture in over 100 countries.
 

Design Holding Group

Design Holding, a global leader in high-end design, curates an exceptional portfolio of iconic brands, including B&B Italia, Flos, and Louis Poulsen. Rooted in European heritage and driven by the purpose of designing for a beautiful life, the company prioritises sustainability. With a global footprint, it offers a platform for carefully selected luxury design brands to thrive. Design Holding's cultural heritage, multi-channel distribution, and best-in-class capabilities position it as a leader in the high-end design industry.
 

Hooker Furnishings

Hooker Furnishings Corporation, one of the United States’ major publicly traded furniture sources, comprises 11 distinct operating businesses, including Hooker Furniture, Bradington-Young, and Pulaski Furniture. With corporate offices and upholstery manufacturing facilities in Virginia and North Carolina, the company has showrooms in High Point, NC, Las Vegas, and Ho Chi Minh City, Vietnam. Listed on the Nasdaq Global Select Market under HOFT, Hooker Furnishings operates distribution centres in the United States, China, and Vietnam.
 

Natuzzi S.p.A.

Natuzzi S.p.A., the largest Italian furniture and design company, stands as a global leader in leather upholstered furniture. With a history rooted in integrity spanning half a century, Natuzzi boasts modern manufacturing plants in Italy, China, Brazil, and Romania. Recognised for cutting-edge design and superior Italian craftsmanship, it commands a prominent position in luxury furniture. Operating in key global markets, Natuzzi has approximately 1,140 mono-brand points of sale, emphasising its widespread consumer presence.
 

Ethan Allen Global, Inc.

Pioneers in furniture retail, Ethan Allen Global, Inc. introduced furniture gallery showrooms and complimentary interior design services. The company’s commitment to innovation is reflected in the diverse range of styles, offering endless fabric, finish, and customisation options. The company prioritises environmentally sustainable practices, with approximately 75 percent of the products manufactured in North America. For items produced elsewhere, the company collaborates with exceptional local artisans worldwide, contributing to community development and global craftsmanship. 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.