Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3936
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Market Overview 2023-2028:

The global furniture market size reached US$ 655.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 685.6 Billion by 2028.

Furniture refers to movable and ergonomic objects, such as chairs, tables, beds, cupboards, desks, sofas, and cabinets, used in residential and commercial places for seating arrangements, storage purposes, and improving the aesthetic value of space. It is manufactured using durable raw materials, including wood, plastics, glass, iron, and marble. Nowadays, manufacturers are offering multi-functional variants in varied colors, sizes, styles, and designs with enhanced aesthetics, comfort, functionality, and storage capacities for offices, homes, and indoor and outdoor areas.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Furniture Market Trends:

The growing global population, rapid urbanization, and rising construction of residential and commercial buildings are among the key factors positively influencing the market. In addition, the expansion of the travel and tourism sector, in confluence with inflating income levels, changing lifestyles, and improving living standards, is increasing the usage of lightweight, versatile, and portable furniture with maximum storage facilities across the globe. Apart from this, the increasing number of nuclear families is propelling the sales of foldable and compact furniture that can be easily arranged in smaller spaces. Besides this, the growing number of people suffering from postural dysfunction is catalyzing the demand for ergonomically designed furniture to prevent health and posture problems among children and adults. Furthermore, the easy availability of innovative products through online shopping platforms is propelling market growth. Moreover, leading manufacturers are coming up with new designs and collaborating with interior designers to expand their market reach and capture a wider customer base. They are also introducing sustainable furniture made from recycled items, such as salvaged wood, textiles, and wood pallets, which is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global furniture market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, distribution channel and end use.

Breakup by Material:

 

 
 

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  • Metal
  • Wood
  • Plastic
  • Glass
  • Others
     

Breakup by Distribution Channel:

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

Breakup by End Use:

  • Residential
  • Commercial
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), Heritage Home Group LLC, HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc. and Stickley Furniture Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Material, Distribution Channel, End Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), Heritage Home Group LLC, HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc. and Stickley Furniture Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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