PUBLISHER: IMARC | PRODUCT CODE: 1820161
PUBLISHER: IMARC | PRODUCT CODE: 1820161
Furniture Market Report by Material (Metal, Wood, Plastic, Glass, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Region 2025-2033
The global furniture market size reached USD 664.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 707.5 Billion by 2033. The increasing demand for ergonomic office chairs and mattresses equipped with sleep-tracking technology, the rapid growth of online retail outlets, and growing partnerships between furniture producers and well-known designers and artists are some major factors contributing to the market growth. North America leads the worldwide market, accounting for the largest furniture market share.
Furniture Market Trends:
Sustainability and eco-friendly practices
Increasing individual awareness of environmental issues and their growing choice of responsible and ethical purchases is contributing to the market growth. In addition, furniture producers are dedicated to harvesting lumber and other resources from certified forests to reuse and recycle material, which is projected to enhance the furniture market sales. They are also utilizing environmentally responsible processes for production, such as water-based adhesives, low VOC finish, and low power consumption production processes which reduce the carbon footprint of the manufacturers. Besides this, various key players are also offering buy back services for furniture to promote sustainable living. For instance, IKEA in the US offers a Buy Back & Resell service to prolong furniture life, promote sustainability, and affordability by buying back used furniture for store credit and reselling them at a more affordable price.
Growth of the e-commerce industry
The other factors driving the growth of the market include the rapid expansion of online retail channels and the continuous rise of the e-commerce industry. As per the report published by the IMARC GROUP, the global e-commerce market size reached US$ 21.1 Trillion in 2023. At present, the market is anticipated to reach US$ 183.8 Trillion by 2032, exhibiting a growth rate (CAGR) of 27.16% during 2024-2032. The growing reliance of individuals on online shopping platforms, as it enables them to browse through a vast range of furniture, read reviews, compare prices, and purchase all from the comfort of their own homes without actually visiting stores, fuels the growth of the market. Additionally, the increasing popularity of augmented reality and virtual reality aids in boosting online furniture market revenue. Furthermore, numerous furniture companies have adopted a direct-to-customer model, eliminated intermediaries and selling directly to the customer at competitive prices.
Increasing demand for smart and advanced furniture
The rising preference among individuals to buy furniture that can be connected to their smartphones and other smart home applications is propelling market growth. For instance, such connections will enable, one to manage lighting, heating, and in-house entertainment systems regardless of the user's location.. Moreover, intelligent furniture helps save energy, increases comfort, and better understand the user's well-being. According to the National Library of Medicine, the adoption of height-adjustable desks (HAD) aids in minimizing sitting time during work, as longer sitting time is associated with the growing risk of all-cause mortality. A meta-analysis of 19 field-based trials and investigations reported the use of activity-permissive workstations, including HAD or treadmill desks that minimize sitting time in desk-based workers by approximately 77 minutes of sitting time per 8-hour workday and productivity.
Furniture Market Segmentation:
Breakup by Material:
- Metal
- Wood
- Plastic
- Glass
- Others
Metal furniture has a polished finish and offers optimal durability as they are manufactured from aluminum, wrought iron, and steel. In addition, it is used in exterior settings owing to its resistance to elements.
Wood furniture is a classic option that never loses its appeal, due to its timeless charm, warmth, and natural beauty. According to the IMARC GROUP, the global wood furniture market growth is anticipated to reach US$ 413.5 Billion by 2032.
Plastic furniture is characterized by its lightness, affordability, and a vibrant range of color options. It is produced from materials such as polypropylene or polycarbonate.
Glass furniture is imbued with elegance, lightness, and spaciousness. It is suitable for several designs from modern, loft, and minimalist to classic. Along with this, glass creates an illusion of openness and lightness in the interior that is perfect for small rooms.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Specialty stores hold the largest share of the industry
One-on-one customer service is available at specialty stores. Most of the time, employees will be able to provide a more specialized level of service based on the qualities consumers are searching. Many of these individuals are genuinely interested in their area of expertise and are eager to engage with customers who share their passion. Furthermore, customers frequently find many local, handmade, or other goods that they would not likely see in a big-box shop, which allows them to discover unique products and even diamonds in the rough they would not have otherwise.
Breakup by End Use:
- Residential
- Commercial
Residential represents the leading market segment
The residential segment dominates the market due to rapid urbanization, the growth of single-person households, and changing family arrangements. Moreover, the basic human need for shelter and a desirable living space has caused an uptick in the demand for furniture across residential settings. More so, the growing global population and expansion in the construction and renovation of residential structures are boosting this market. In addition, the growing elderly population in the world has created a need for furniture that focuses on comfort and usability, including ergonomic chairs and adjustable beds. Besides, the emergence of remote work models and the need for a home office scene are positively influencing furniture market outlook. As per FORBES MAGAZINE, according to a March 2023 Pew Research Center report, 35% of workers in the United States with the option to work remotely do so full-time. An additional 41% use a hybrid work model, and most of these hybrid workers say they prefer their at-home environment to the office.
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
North America leads the market, accounting for the largest furniture market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for furniture.
North America region is home to one of the most developed and efficient furniture manufacturing industries. It offers a diverse range of products that target different lifestyles from traditional, and modern, to high-end designs. Moreover, local manufacturing facilities are well-equipped with advanced technology, automation, and product quality control measures. This allows them to provide customers with long-lasting and sustainable furniture. Additionally, North America has a large retail base, including many furniture stores, showrooms, and e-commerce platforms. Furthermore, countries like the United States and Canada export their products to many regions worldwide. Besides, the growing popularity of remote working models is also escalating the demand for office furniture in countries like the United States. According to IMARC Group, the United States home office furniture market size reached US$ 6.2 Billion in 2023 and is expected to reach US$ 9.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.93% during 2024-2032.
Competitive Landscape:
- The furniture market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the furniture industry include Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc., Stickley Furniture Inc., etc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
- Currently, leading players in the market are carrying out strategies and creative designs to match the changing consumer tastes. Leading manufacturers such as IKEA, Ashley Furniture, and Wayfair are investing in technology, particularly virtual reality (VR) and augmented reality (AR) to create customer visualization when they intend to make purchases. Furthermore, the furniture market forecast indicates players are investing in units that can be fixed and self-assembled as the consumer's taste develops in customizing everything around them. For instance, in September 2022, Durham Furniture Inc. collaborated with three-dimensional (3D) tech company Intiaro to focus on 3D strategy and tools with realistic features that improve the new website and retail experience.
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 are the drivers, restraints, and opportunities in the global furniture market?
- What is the impact of each driver, restraint, and opportunity on the global furniture market?
- What are the key regional markets?
- Which countries represent the most attractive furniture market?
- What is the breakup of the market based on the material?
- Which is the most attractive material in the furniture market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the furniture market?
- What is the breakup of the market based on the end use?
- Which is the most attractive end use in the furniture market?
- What is the competitive structure of the market?
- Who are the key players/companies in the global furniture market?
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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 HNI Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Inter IKEA Systems B.V. (Interogo Foundation)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Kimball International Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Kohler Co.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Masco Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Okamura Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Steelcase Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Stickley Furniture Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.1 Durham Furniture Inc.
List of Figures
- Figure 1: Global: Furniture Market: Major Drivers and Challenges
- Figure 2: Global: Furniture Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Furniture Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Furniture Market: Breakup by Material (in %), 2024
- Figure 5: Global: Furniture Market: Breakup by Distribution Channel (in %), 2024
- Figure 6: Global: Furniture Market: Breakup by End Use (in %), 2024
- Figure 7: Global: Furniture Market: Breakup by Region (in %), 2024
- Figure 8: Global: Furniture (Metal) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Furniture (Metal) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Furniture (Wood) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Furniture (Wood) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Furniture (Plastic) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Furniture (Plastic) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Furniture (Glass) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Furniture (Glass) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Furniture (Other Materials) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Furniture (Other Materials) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Furniture (Supermarkets and Hypermarkets) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Furniture (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Furniture (Specialty Stores) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Furniture (Specialty Stores) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Furniture (Online Stores) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Furniture (Online Stores) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Furniture (Other Distribution Channels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Furniture (Other Distribution Channels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Furniture (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Furniture (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Furniture (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Furniture (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: United States: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: United States: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Canada: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Canada: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Asia-Pacific: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Asia-Pacific: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: China: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: China: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Japan: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Japan: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: India: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: India: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South Korea: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: South Korea: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Australia: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Australia: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Indonesia: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Indonesia: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Others: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Others: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Europe: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Europe: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Germany: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Germany: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: France: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: France: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: United Kingdom: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: United Kingdom: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Italy: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Italy: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Spain: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Spain: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Russia: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Russia: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Latin America: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Latin America: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Brazil: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Brazil: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Mexico: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Mexico: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Others: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Others: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Middle East and Africa: Furniture Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Middle East and Africa: Furniture Market: Breakup by Country (in %), 2024
- Figure 78: Middle East and Africa: Furniture Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Furniture Market Forecast: Breakup by Material (in Million USD), 2025-2033
- Table 3: Global: Furniture Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 4: Global: Furniture Market Forecast: Breakup by End Use (in Million USD), 2025-2033
- Table 5: Global: Furniture Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Furniture Market: Competitive Structure
- Table 7: Global: Furniture Market: Key Players
