Global Metal Furniture Market Report and Forecast 2024-2032

Global Metal Furniture Market Outlook

The global metal furniture market size reached approximately USD 155.35 billion in 2023. The market is further projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of USD 232.64 billion by 2032.

Key Trends in the Market

Metal furniture refers to business and household items including chairs, sofas, tables, desks, and beds, among others that are made from different metals including stainless steel, brass, carbon steel, iron, and aluminium. The durability of metal furniture makes them more resilient to the wear and tear that they are subjected to because of regular utilisation.

• The expansion of the hospitality and residential sector is aiding the metal furniture market growth. The longevity and strength of the metal furniture makes them suitable for high traffic areas including restaurants, dining spaces, hotel lobbies, and offices, among others. The long-lasting nature of metal furniture allows them to withstand everyday usage, making them suitable for residential applications.

• The rising availability of metal furniture with intricate designs and detailed patterns is aiding the market expansion. Additionally, the availability of custom pieces is also increasing allowing the customers to tailor the furniture as per their requirements and personal style.

• The increasing awareness about the various advantages associated with the utilisation of metal furniture is providing lucrative growth opportunities to the market. The metal furniture requires less maintenance due to their durable nature and are environment friendly.

• The increasing influence of social media and rising collaborations between content creators and influencers and manufacturers are bolstering the product demand. Social media campaigns allow companies to reach their target audience and enhance their brand visibility.

Global Metal Furniture Market Analysis

On the basis of type, the market is segregated into chair, sofa, table, and bed, among others. Based on distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online, among others.

On the basis of application, the market is bifurcated into commercial and residential. Based on region, the metal furniture market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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 market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inter IKEA Systems B.V. 

• Steelcase Inc. 

• Kimball International, Inc. 

• MillerKnoll, Inc. 

• Godrej & Boyce Manufacturing Company Limited 

• Simpli Home Ltd. 

• CHYUAN CHERN Co Ltd.

• Dorel Industries Inc. 

• Meco Corporation 

• Oliver Metal Furniture 

• Others

Market Share by Distribution Channel

Speciality stores are expected to account for a significant metal furniture market share. The elevated shopping experience offered by speciality stores through the aid of unmatched customer service and an inviting ambience is supporting the segment growth. Speciality stores often carry more product offerings as opposed to their counterparts, drawing enthusiasts who are looking for specific furniture pieces. The availability of a wider range of products along with the presence of helpful and informative sales professionals is propelling the growth of speciality stores.

Market Share by Region

The Asia Pacific is expected to witness significant growth in the coming years. This growth can be attributed to the increasing population, rising urbanisation, and growth in number of nuclear families. The expansion of the commercial sector is the Asia Pacific is boosting the metal furniture market demand. The increase is the product requirement can also be attributed to the growth of the hospitality sector in the region owing to rising travel and tourism activities.

Competitive Landscape

Inter IKEA Systems B.V., headquartered in Delft, Netherlands, is dedicated towards providing affordable, high quality, functional, and well-designed furniture for their customers. The company’s product portfolio comprises of storage products, cabinets, sofas, and tables, among others.

Steelcase Inc. is one of the leading manufacturers of seating, furniture, storage and portioning systems, and case goods for residential units, hospitals, offices, and classrooms, among others. Through critical design thinking and human-centred research, the company uncovers insights that allows them to deliver innovative designs.

Kimball International, Inc., headquartered in Indiana, United States, is a furniture and home furnishing manufacturing company that specialises in the production of hotel and hospitality, healthcare, education, and office furniture, among others. The company’s brand portfolio includes Kimball Hospitality and Interwoven, among others.

Other metal furniture market key players include MillerKnoll, Inc., Godrej & Boyce Manufacturing Company Limited, Simpli Home Ltd., CHYUAN CHERN Co Ltd., Dorel Industries Inc., Meco Corporation, and Oliver Metal Furniture, among others.

Key Highlights of the Report