Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global furniture market size reached approximately USD 629.50 billion in 2023. The market is assessed to grow at a CAGR of 4.9% between 2024 and 2032 to attain a value of around USD 968.23 billion by 2032.
Global Furniture Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 629.50 |
Market Size 2032 | USD Billion | 968.23 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.9% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 6.3% |
CAGR 2024-2032 - Market by Country | India | 7.3% |
CAGR 2024-2032 - Market by Country | Saudi Arabia | 5.6% |
CAGR 2024-2032 - Market by Type | Wood | 5.5% |
CAGR 2024-2032 - Market by End-Use | Residential | 5.4% |
Market Share by Country 2023 | Australia | 1.5% |
Furniture refers to mobile objects that are made from different materials like wood and plastic, among others. It holds objects at a convenient height and supports various human activities like sitting and sleeping. Furniture is also used to enhance the aesthetics of a space and for symbolic or religious purposes.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on type, the market is segmented into metal, wood, plastic, and glass, among others. On the basis of end-use, the market can be divided into residential and commercial. By distribution channel, the furniture market segmentations include offline and online. The major regional markets for furniture include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global furniture market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Wood furniture is expected to represent a significant portion of the furniture market share in the coming years as it offers ease of maintenance and enhanced durability. It is climate-resilient, eco-friendly, and versatile, and is extensively used to enhance the aesthetics, sophistication, and elegance of both residential and commercial spaces. Moreover, the growing availability of furniture made from different types of wood, including mahogany, cedar, and teak, among others, is boosting the segment’s growth.
Meanwhile, the demand for metal furniture is increasing owing to its affordability, enhanced functionality, and excellent cleanability. The exceptional durability of metal also makes such furniture appealing for outdoor use.
CAGR 2024-2032 - Market by | Country |
India | 7.3% |
Saudi Arabia | 5.6% |
Mexico | 4.6% |
UK | 4.5% |
USA | 4.0% |
Canada | XX% |
France | XX% |
China | XX% |
Japan | 3.8% |
Australia | XX% |
Brazil | XX% |
Germany | 3.6% |
Italy | 3.1% |
As per the furniture market analysis, the Asia Pacific is likely to experience robust growth in the forecast period due to rapid urbanisation, growing disposable incomes of the middle-class population, and the rising demand for furniture in the residential sector. Players in the region are using technologies to improve customer experience and offer aesthetically pleasing and durable designs.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The increasing launch of luxury furniture ranges, along with the growing availability of diverse types of furniture on e-commerce platforms, is anticipated to further propel the market. Meanwhile, the furniture market demand in Europe and North America is likely to considerably grow amid the growing interest in home décor and the surging demand for aesthetically pleasing furniture.
Steelcase Inc. is a prominent furniture company, based in Michigan, the United States. It was established in 1912, and it is involved in designing and manufacturing furniture for commercial purposes. Its products are sold in more than 770 locations around the world.
Haworth Inc. is one of the largest office furniture manufacturers in the world. It was founded in 1948 and is headquartered in Michigan, the United States. With a presence in over 150 countries, the company aims to develop high-quality furniture that can enhance the productivity of employees.
Kinnarps AB, established in 1942, is a company that designs, manufactures, and markets furniture for use in schools, hospitals, and offices, among others. Its furniture pieces are known for their quality, functionality, ergonomics, and aesthetics.
Other furniture market players include 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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by End-Use |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*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.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the market attained a value of nearly USD 629.50 billion.
The market is assessed to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 968.23 billion by 2032.
The major market drivers are the rising demand for furniture made from natural and sustainable materials and the growing trend of home décor.
The key trends aiding the market growth are the increasing use of 3D printing to manufacture furniture, the rising demand for wood furniture, and the development of new furniture materials.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant distribution channels in the market are online and offline.
The major players in the market are 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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124