Canada Furniture Market Report and Forecast 2024-2032

Canada Furniture Market Outlook

The Canada furniture market size was valued at USD 17.81 billion in 2023. The market is further projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 27.63 billion by 2032.

Key Takeaways

• Canada has the 11th largest furniture market, where Leon’s Furniture is the largest furniture retailer in Canada with 306 stores across the country.

• The average revenue of small to mid-size enterprises (SMEs) in the home decor industry was USD 796,000 in 2019.

• As per industry reports, home furnishing stores in Canada employed 25,522 people in 2021.

• As per Government of Canada, 41.8% of furniture companies in 2021 were micro companies, 57% were small companies, employing between 6 and 99 people, and only 1.2% companies were large, with over 500 employees.

Availability of personalised furniture options is significantly driving Canada furniture market growth by catering to diverse consumer preferences and needs. For example, companies like Article and EQ3 allow customers to customise upholstery fabrics, colours, and configurations to suit their individual tastes and spaces.

The rise in demand for furniture in both residential and commercial segments presents opportunities for market expansion and innovation. Companies like Structube and Urban Barn cater to both residential and commercial clients, providing a wide range of furniture solutions.

The pandemic has also influenced consumer behaviour, emphasising the importance of adaptable and functional furniture solutions to meet evolving needs and lifestyles. For instance, the demand for ergonomic home office furniture surged during the pandemic, leading companies like Fully and Herman Miller to introduce adjustable desks and chairs to support remote work setups.

Minimalism continues to be a popular market trend, emphasising functionality and simplicity in furniture styles, especially in home offices post-lockdowns. Brands like Muji and West Elm offer minimalist furniture designs that focus on clean lines, neutral colours, and practicality. The trend towards multipurpose furniture aligns with minimalistic design, offering versatile solutions that maximise space efficiency and functionality. Examples include sofa beds, storage ottomans, and extendable dining tables that serve dual purposes in compact living spaces.

Moreover, incorporating natural elements like plants and flowers into interior design showcases the potential for Canada furniture market development as it creates a harmonious and refreshing ambiance in living spaces. Brands like Urban Outfitters and Anthropologie feature furniture pieces with botanical motifs and natural materials to bring the outdoors inside.

Market Segmentation

Canada Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Beds

• Tables

• Sofas

• Chairs and Stools

• Shelves and Cabinets

• Others

Market Breakup by Material

• Metal

• Wood

• Plastic

• Others

Market Breakup by Application

• Residential

• Commercial

Market Breakup by Distribution Channel

• Offline

• Online

Market Breakup by Region

• Northern Canada

• British Columbia

• Alberta

• The Prairies 

• Central Canada 

• Atlantic Canada

Competitive Landscape

Market players are focusing on technological innovations, such as smart furniture to enhance the functionality, convenience, and usability of furniture.

• MillerKnoll Inc.

• Ashley Furniture Industries, LLC

• Steelcase Inc. 

• Global Furniture Group 

• Teknion Group  

• BESTAR Inc.  

• Groupe Lacasse Inc.  

• Keilhauer Ltd.  

• Allseating Corporation 

• Durham Furniture Inc. 

• Others

Key Highlights of the Report