Furniture Market Size, Share & Trends Analysis Report By Product (Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves), By Material (Metal, Wood, Plastic, Glass), By Application, By Region, And Segment Forecasts, 2022

The global furniture market size is expected to reach USD 1,070.87 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. The rising demand for branded home furniture coupled with rising consumer spending capacity on home decor products is driving the furniture industry. Additionally, government supported initiative to provide housing for all is also expected to positively impact the growth.

Furniture is a movable product intended to support various activities performed by humans such as seating, sleeping, and eating, among others. It has now become a vital part of human life since non-nomadic culture. Nowadays, it can also be designed and used as a decorative object. Furthermore, the purchase and consumption of furniture have become easier due to the availability of online platforms. For instance, Pepper-fry, Fab-Furnish, and Urban-Ladder are some of the online furniture-buying platforms popular in India.

In terms of value, the wood material segment dominated the industry and is expected to account for the largest market share over the forecast period. This growth is expected to accelerate due to long-lasting and robust material, offering longevity to the furniture wood is highly preferred by consumers. Moreover, Wood is available in various colors and enhances the aesthetic appeal of the interiors; furthermore, it is usable in any setting owing to its design versatility.

The residential segment accounted for the largest market share owing to an increase in the number of home remodeling projects likely favoring the adoption of wooded furniture at home. Moreover, increase in the number of consumers becoming conscious of the environment and sustainability, a shift toward eco-friendly materials is being witnessed; the same has been reflected in home remodeling and renovation activities, and is expected to propel the market growth.

Asia Pacific held the largest market share in 2021, owing to the increasing real estate sector in developing countries, such as China and India, which upsurges the consumers' need to invest in furnishing activities and add an aesthetic look to the bedroom environment as a cause of remodeling. Furthermore, a rising share of millennials in the market is bound to invest in various modern bedroom furniture products owing to customization and space-saving features are anticipated to accelerate the industry growth over the forecast period.

Companies in the market are focusing on strategies such as mergers and acquisitions to gain market share and increase their service footprint. In May 2022, Steelcase Inc. announced that the company has signed a definitive agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition enabled the company to increase and broaden its current portfolio, offering uncompromising design and master craftsmanship to A+D professionals and customers.

Furniture Market Report Highlights:

The beds segment was valued at USD 162.23 billion in 2021 and is expected to reach USD 257.74 billion by 2030. The rising attention towards gaining trending bedroom styles has influenced major bedroom renovation projects, this is favoring the growth

The commercial application segment is expected to witness a substantial CAGR of 6.1% from 2022 to 2030. Increasing demand for office space and expanding the hospitality sector across the globe, are the key factors driving the segment's growth

Europe was valued a USD 167.81 billion in 2021 and is expected to register a CAGR of over 5% over the forecast period. The growth is majorly attributed to the rising tourism industry is driving the growth of the hospitality sector, which is eventually creating demand for luxury furniture

Product Code: GVR-2-68038-647-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Product Outlook
2.3. Material Outlook
2.4. Regional Outlook

Chapter 3. Furniture Market Variables, Trends & Scope

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Furniture Market
3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's Five Forces
  - 3.6.1.1. Supplier Power
  - 3.6.1.2. Buyer Power
  - 3.6.1.3. Substitution Threat
  - 3.6.1.4. Threat from New Entrant
  - 3.6.1.5. Competitive Rivalry
3.7. Roadmap of Furniture Market
3.8. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Furniture Market: Product Estimates & Trend Analysis

5.1. Product Movement Analysis & Market Share, 2021 & 2030
5.2. Beds
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Tables & Desks
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Sofa & Couch
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Chairs & Stools
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Cabinets & Shelves
- 5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.7. Others
- 5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 6. Furniture Market: Material Estimates & Trend Analysis

6.1. Product Movement Analysis & Market Share, 2021 & 2030
6.2. Metal
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Wood
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Plastic
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5. Glass
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6. Others
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 7. Furniture Market: Application Estimates & Trend Analysis

7.1. Material Movement Analysis & Market Share, 2021 & 2030
7.2. Residential
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Commercial
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 8. Furniture Market: Regional Estimates & Trend Analysis

8.1. Regional Movement Analysis & Market Share, 2021 & 2030
8.2. North America
- 8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.2.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.2.5. The U.S.
  - 8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.2.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.2.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.2.6. Canada
  - 8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.2.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.2.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.3.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.3.5. The U.K.
  - 8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.3.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.3.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.3.6. Germany
  - 8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.3.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.3.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.3.7. France
  - 8.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.3.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.3.7.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.4.5. China
  - 8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.4.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.4.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.4.6. Japan
  - 8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.4.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.4.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.4.7. India
  - 8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.4.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.4.7.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.5.5. Brazil
  - 8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.5.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.5.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.5.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
8.6. Middles East & Africa
- 8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 8.6.5. South Africa
  - 8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
  - 8.6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
  - 8.6.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
  - 8.6.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million)

Chapter 9. Competitive Analysis

9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
- 9.3.1. Key company market share analysis, 2021

Chapter 10. Company Profiles

10.1. IKEA
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
10.2. Ashley Furniture Industries Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
10.3. RH (Restoration Hardware)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
10.4. Williams-Sonoma, Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
10.5. La-Z-Boy Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
10.6. Raymour & Flanigan
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
10.7. American Signature
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
10.8. Oppein Home Group Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
10.9. Jason Furniture (Hangzhou) Co., Ltd
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
10.10. Steelcase Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives

Product Code: GVR-2-68038-647-9

List of Tables

1. Furniture market - Driving factor market analysis
2. Furniture market - Restraint factor market analysis
3. Global furniture market estimates and forecast, for beds, 2017 - 2030 (USD Million)
4. Global furniture market estimates and forecast, for tables & desks, 2017 - 2030 (USD Million)
5. Global furniture market estimates and forecast, for sofa & couch, 2017 - 2030 (USD Million)
6. Global furniture market estimates and forecast, for chairs & stools, 2017 - 2030 (USD Million)
7. Global furniture market estimates and forecast, for cabinets & shelves, 2017 - 2030 (USD Million)
8. Global furniture market estimates and forecast, for others, 2017 - 2030 (USD Million)
9. Global furniture market estimates and forecast, for metal, 2017 - 2030 (USD Million)
10. Global furniture market estimates and forecast, for wood, 2017 - 2030 (USD Million)
11. Global furniture market estimates and forecast, for plastic, 2017 - 2030 (USD Million)
12. Global furniture market estimates and forecast, for glass, 2017 - 2030 (USD Million)
13. Global furniture market estimates and forecast, for others, 2017 - 2030 (USD Million)
14. Furniture market estimates and forecast through residential application, 2017 - 2030 (USD Million)
15. Furniture market estimates and forecast through commercial application, 2017 - 2030 (USD Million)
16. North America furniture market estimates and forecast, 2017 - 2030 (USD Million)
17. North America furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
18. North America furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
19. North America furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
20. U.S. furniture market estimates and forecast, 2017 - 2030 (USD Million)
21. U.S. furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
22. U.S. furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
23. U.S. furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
24. Canada furniture market estimates and forecast, 2017 - 2030 (USD Million)
25. Canada furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
26. Canada furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
27. Canada furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
28. Europe furniture market estimates and forecast, 2017 - 2030 (USD Million)
29. Europe furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
30. Europe furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
31. Europe furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
32. U.K. furniture market estimates and forecast, 2017 - 2030 (USD Million)
33. U.K. furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
34. U.K. furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
35. U.K. furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
36. Germany furniture market estimates and forecast, 2017 - 2030 (USD Million)
37. Germany furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
38. Germany furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
39. Germany furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
40. France furniture market estimates and forecast, 2017 - 2030 (USD Million)
41. France furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
42. France furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
43. France furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
44. Asia Pacific furniture market estimates and forecast, 2017 - 2030 (USD Million)
45. Asia Pacific furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
46. Asia Pacific furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
47. Asia Pacific furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
48. China furniture market estimates and forecast, 2017 - 2030 (USD Million)
49. China furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
50. China furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
51. China furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
52. Japan furniture market estimates and forecast, 2017 - 2030 (USD Million)
53. Japan furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
54. Japan furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
55. Japan furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
56. India furniture market estimates and forecast, 2017 - 2030 (USD Million)
57. India furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
58. India furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
59. India furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
60. Central & South America furniture market estimates and forecast, 2017 - 2030 (USD Million)
61. Central & South America furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
62. Central & South America furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
63. Central & South America furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
64. Brazil furniture market estimates and forecast, 2017 - 2030 (USD Million)
65. Brazil furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
66. Brazil furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
67. Brazil furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
68. Middle East & Africa furniture market estimates and forecast, 2017 - 2030 (USD Million)
69. Middle East & Africa furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
70. Middle East & Africa furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
71. Middle East & Africa furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
72. South Africa furniture market estimates and forecast, 2017 - 2030 (USD Million)
73. South Africa furniture market estimates and forecast, by product, 2017 - 2030 (USD Million)
74. South Africa furniture market estimates and forecast, by material, 2017 - 2030 (USD Million)
75. South Africa furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
76. Company categorization

List of Figures

1. Furniture market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Furniture market - Penetration & growth prospect mapping, by product
7. Furniture market- Value chain analysis
8. Furniture market: Porter's Five Forces Analysis
9. Furniture market: Roadmap
10. Furniture market: Product revenue share (%) analysis, 2021 & 2030
11. Furniture market: Material revenue share (%) analysis, 2021 & 2030
12. Furniture market: Application revenue share (%) analysis, 2021 & 2030
13. Furniture market: Regional share (%) analysis, 2021 & 2030
14. Furniture market: Estimated company market share (%) analysis, 2021

Furniture Market Size, Share & Trends Analysis Report By Product (Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves), By Material (Metal, Wood, Plastic, Glass), By Application, By Region, And Segment Forecasts, 2022 - 2030

Description

Table of Contents

List of Tables

Furniture Market Growth & Trends:

Furniture Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Furniture Market Variables, Trends & Scope

Chapter 4. Consumer Behavior Analysis

Chapter 5. Furniture Market: Product Estimates & Trend Analysis

Chapter 6. Furniture Market: Material Estimates & Trend Analysis

Chapter 7. Furniture Market: Application Estimates & Trend Analysis

Chapter 8. Furniture Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Analysis

Chapter 10. Company Profiles

List of Tables

List of Figures