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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Australia Furniture Market Outlook

The Australia furniture market size reached USD 2.98 billion in 2024. The market is expected to grow at a CAGR of 3.1% between 2025 and 2034, reaching USD 3.87 billion by 2034.

Australia Furniture Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 2.98
Market Size 2034 USD Billion 3.87
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 3.1%
CAGR 2025-2034 - Market by Region Queensland 3.6%
CAGR 2025-2034 - Market by Region New South Wales 3.3%
CAGR 2025-2034 - Market by Material Wood 3.5%
CAGR 2025-2034 - Market by End Use Residential 3.4%
2024 Market Share by Region New South Wales 30.8%

Key Takeaways:

  • As reported by the Australian Bureau of Statistics, new residential construction values in January 2024 surged by 19.4% to $7.14 billion.
  • Australian Bureau of Agricultural and Resource Economics data shows wood product imports hit $6.9 billion in 2022-23.
  • According to the International Trade Administration, Australia's 2022 total retail expenditure amounted to US$242 billion.

Wood plays a vital role in driving the Australia furniture market growth due to its ability to be crafted into various styles, covering from conventional to contemporary, providing flexibility in appearance options

Wood furniture offers durable charm with varied hues and grain textures, long-lasting strength for multiple generations, multipurpose designs for different aesthetics, wide customisation options, eco-awareness through sustainable resourcing and recyclability, and increased ease for heightened satisfaction.

In April 2024, IKEA Australia launched a new gaming furniture range. Previously, IKEA partnered with ROG for a gaming-focused line. However, they decided to create an original collection called BRÄNNBOLL. Launched in September, it catered to a broader gaming audience with modular designs.

Metal furniture claims outstanding sturdiness and resilience against damage, showcasing modern style with simple designs, ideal for compact spaces, requiring nominal maintenance, fire-resistant for safety, and often offering cost-effective solutions for long-term monetary gains.

Market Segmentation

Australia Furniture Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

  • Wood
  • Plastic 
  • Metal 
  • Others 

Market Breakup by Product Type

  • Beds
  • Tables and Desks
  • Sofa and Couch 
  • Chairs and Stools 
  • Cabinets and Shelves
  • Others 

Market Breakup by End Use

  • Residential
  • Commercial 

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets 
  • Specialty Stores 
  • Online Retail Stores
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
CAGR 2025-2034 - Market by Region
Queensland 3.6%
New South Wales 3.3%
Victoria XX%
Australian Capital Territory XX%
Western Australia XX%
Others XX%

The Australia furniture market key players are King Furniture Australia Pty Ltd., Design Furniture Co Pty Ltd., Grazia & Co. Pty Ltd., Fursys, Advanta Group Pty Ltd., Lama Furniture Australia, Alpha Office Furniture Pty Ltd., Woods Furniture Pty Ltd., Matic Furniture Pty Ltd., and Krost Furniture Pty Ltd. among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material
  • Product Type
  • End Use
  • Distribution Channel
  • Region
Breakup by Material
  • Wood
  • Plastic 
  • Metal 
  • Others
Breakup by Product Type
  • Beds
  • Tables and Desks
  • Sofa and Couch 
  • Chairs and Stools 
  • Cabinets and Shelves
  • Others
Breakup by End Use
  • Residential
  • Commercial
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets 
  • Specialty Stores 
  • Online Retail Stores
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • King Furniture Australia Pty Ltd.
  • Design Furniture Co Pty Ltd.
  • Grazia & Co. Pty Ltd.
  • Fursys
  • Advanta Group Pty Ltd.
  • Lama Furniture Australia
  • Alpha Office Furniture Pty Ltd.
  • Woods Furniture Pty Ltd.
  • Matic Furniture Pty Ltd.
  • Krost Furniture Pty Ltd.
  • Others

*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.*

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Key Questions Answered in the Report

The market was valued at USD 2.98 billion in 2024.

The market is projected to grow at a CAGR of 3.1% between 2025 and 2034.

The revenue generated from the furniture market is expected to reach USD 3.87 billion in 2034.

The furniture market is categorised according to material, which includes wood, plastic, metal and others.

The key players are King Furniture Australia Pty Ltd., Design Furniture Co Pty Ltd., Grazia & Co. Pty Ltd., Fursys, Advanta Group Pty Ltd., Lama Furniture Australia, Alpha Office Furniture Pty Ltd., Woods Furniture Pty Ltd., Matic Furniture Pty Ltd., and Krost Furniture Pty Ltd. among others.

Based on the distribution channel, the market is divided into commercial and residential.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia and others.

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