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Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global furniture market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Furniture refers to a movable article used in residential or commercial spaces for seating arrangements and storage purposes. It comprises chairs, tables, beds, cupboards, desks, and cabinets that support basic functions, such as sleeping, dining and eating. Nowadays, consumers are also opting for furniture with improved aesthetics, functionality, and comfort. With the inflating incomes, changing lifestyles and improving living standards, individuals are spending more on multi-functional furniture with maximum storage facilities.

Furniture Market Trends:

The global furniture market is primarily driven by the growing real estate and hospitality industries. The extensive investments in the tourism, healthcare, and education sectors have also provided a positive outlook to the market. In the education sector, the need for portable and adjustable furniture with easy reconfiguration has become a necessity with the new age of comprehensive, interactive and flip classrooms. Besides this, with the growing number of people suffering from postural dysfunction, there has been an increased demand for ergonomically designed furniture to prevent health and posture problems in children and adults.  Furthermore, the increasing number of nuclear families has led to the demand for versatile and space-saving furnishings that can easily be accommodated in smaller spaces. Moreover, the expanding e-commerce industry has offered easy accessibility to furniture through online platforms, thus attracting a wider consumer base. With the rising environmental concerns, manufacturers are introducing sustainable furniture that is made from recycled items, like salvaged wood, textiles and wood pallets, and natural materials such as bamboo, rattan and seagrasses.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global furniture market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on material, distribution channel and end use.

Breakup by Material:

  • 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:

  • 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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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)


Key Questions Answered in This Report:

  • How has the global furniture market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global furniture market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global furniture market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Furniture Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Material
    6.1    Metal
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Wood
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Plastic
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Glass
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Distribution Channel
    7.1    Supermarkets and Hypermarkets 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Specialty Stores 
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Online Stores
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use
    8.1    Residential  
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Durham Furniture Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Haworth Inc. (Haworth International Ltd.)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis
        14.3.3    Heritage Home Group LLC
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    HNI Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Inter IKEA Systems B.V. (Interogo Foundation)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Kimball International Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Kohler Co.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Masco Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Okamura Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Steelcase Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Stickley Furniture Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Furniture Market: Major Drivers and Challenges
Figure 2: Global: Furniture Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Furniture Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Furniture Market: Breakup by Material (in %), 2020
Figure 5: Global: Furniture Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Furniture Market: Breakup by End Use (in %), 2020
Figure 7: Global: Furniture Market: Breakup by Region (in %), 2020
Figure 8: Global: Furniture (Metal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Furniture (Wood) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Furniture (Plastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Furniture (Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Furniture (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Furniture (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Furniture (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Furniture (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Furniture (Specialty Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Furniture (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Furniture (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Furniture (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Furniture (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Furniture (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Furniture (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Furniture (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Furniture (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Furniture (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia-Pacific: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Furniture Market: Breakup by Country (in %), 2020
Figure 78: Middle East and Africa: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Furniture Industry: SWOT Analysis
Figure 80: Global: Furniture Industry: Value Chain Analysis
Figure 81: Global: Furniture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Furniture Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Furniture Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 3: Global: Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Furniture Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 5: Global: Furniture Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Furniture Market: Competitive Structure
Table 7: Global: Furniture Market: Key Players

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