Australia Home Furniture Market, By Product Type (Bed, Table, Chairs, Others), By Material Type (Wood, Plastic, Metal, Others), By Sales Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Overview
The Australia Home Furniture Market was valued at USD 16.79 billion in 2024 and is projected to reach USD 27.05 billion by 2030, growing at a CAGR of 8.33% during the forecast period. This growth is fueled by increasing urbanization, rising disposable incomes, and a shift in consumer preferences toward modern and multifunctional home furnishings. As more Australians move into urban centers and smaller living spaces, there is a strong demand for compact, space-saving furniture that blends aesthetics with practicality. Eco-consciousness is also shaping purchasing behavior, with a growing emphasis on sustainable and responsibly sourced materials. The expanding reach of e-commerce has opened up access to a wide array of designs and brands, while younger demographics are driving demand for customizable and modular furniture solutions. This evolving landscape is creating opportunities for both local and international brands to innovate and cater to new lifestyle trends.
Key Market Drivers
Urbanization and Compact Living Spaces
The growth of urban living in cities such as Sydney, Melbourne, and Brisbane is a key driver for the Australian home furniture market. As housing sizes decrease and apartment living becomes more common, there is increasing demand for compact, multifunctional furniture. Consumers are looking for items that offer dual utility—like sofa beds, expandable dining tables, and modular storage—without sacrificing modern design or comfort. These products are especially attractive to younger consumers and smaller households who seek style and utility within limited space. In response, furniture manufacturers are prioritizing innovative designs that cater to urban living, incorporating built-in storage, foldable features, and minimalist aesthetics aligned with contemporary urban lifestyles.
Key Market Challenges
Supply Chain Disruptions and Rising Material Costs
The Australian home furniture market faces notable challenges stemming from global supply chain disruptions and rising raw material costs. With a significant portion of furniture or its components imported, delays in global logistics—driven by events like the COVID-19 pandemic and geopolitical uncertainties—have led to inventory shortages, delivery delays, and increased operational costs. Additionally, price surges in raw materials such as wood and metal, compounded by labor shortages and environmental regulations, have inflated production costs. These dynamics reduce profit margins and strain the customer experience, especially for smaller retailers lacking the scale to absorb such impacts. To mitigate these pressures, businesses are exploring strategies like local manufacturing, supplier diversification, and improved inventory forecasting, though implementation remains resource-intensive.
Key Market Trends
Growing Demand for Multifunctional and Space-Saving Furniture
A defining trend in the Australian home furniture market is the rising popularity of multifunctional and space-optimizing furniture solutions. As urban homes become smaller, consumers are prioritizing products that enhance functionality and efficient use of space. Furniture like sofa beds, foldable desks, nesting tables, and storage ottomans are gaining traction for their versatility and appeal in compact living environments. This trend is particularly strong among millennials and first-time homeowners who value flexibility, aesthetic appeal, and practical use. Retailers and manufacturers are responding with modular and customizable collections that not only maximize utility but also reflect contemporary design sensibilities. This emphasis on smart design is shaping product development and marketing strategies across the industry.
Key Market Players
In this report, the Australia Home Furniture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Australia Home Furniture Market.
Available Customizations:
Australia Home Furniture Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
The Australia Home Furniture Market was valued at USD 16.79 billion in 2024 and is projected to reach USD 27.05 billion by 2030, growing at a CAGR of 8.33% during the forecast period. This growth is fueled by increasing urbanization, rising disposable incomes, and a shift in consumer preferences toward modern and multifunctional home furnishings. As more Australians move into urban centers and smaller living spaces, there is a strong demand for compact, space-saving furniture that blends aesthetics with practicality. Eco-consciousness is also shaping purchasing behavior, with a growing emphasis on sustainable and responsibly sourced materials. The expanding reach of e-commerce has opened up access to a wide array of designs and brands, while younger demographics are driving demand for customizable and modular furniture solutions. This evolving landscape is creating opportunities for both local and international brands to innovate and cater to new lifestyle trends.
Key Market Drivers
Urbanization and Compact Living Spaces
The growth of urban living in cities such as Sydney, Melbourne, and Brisbane is a key driver for the Australian home furniture market. As housing sizes decrease and apartment living becomes more common, there is increasing demand for compact, multifunctional furniture. Consumers are looking for items that offer dual utility—like sofa beds, expandable dining tables, and modular storage—without sacrificing modern design or comfort. These products are especially attractive to younger consumers and smaller households who seek style and utility within limited space. In response, furniture manufacturers are prioritizing innovative designs that cater to urban living, incorporating built-in storage, foldable features, and minimalist aesthetics aligned with contemporary urban lifestyles.
Key Market Challenges
Supply Chain Disruptions and Rising Material Costs
The Australian home furniture market faces notable challenges stemming from global supply chain disruptions and rising raw material costs. With a significant portion of furniture or its components imported, delays in global logistics—driven by events like the COVID-19 pandemic and geopolitical uncertainties—have led to inventory shortages, delivery delays, and increased operational costs. Additionally, price surges in raw materials such as wood and metal, compounded by labor shortages and environmental regulations, have inflated production costs. These dynamics reduce profit margins and strain the customer experience, especially for smaller retailers lacking the scale to absorb such impacts. To mitigate these pressures, businesses are exploring strategies like local manufacturing, supplier diversification, and improved inventory forecasting, though implementation remains resource-intensive.
Key Market Trends
Growing Demand for Multifunctional and Space-Saving Furniture
A defining trend in the Australian home furniture market is the rising popularity of multifunctional and space-optimizing furniture solutions. As urban homes become smaller, consumers are prioritizing products that enhance functionality and efficient use of space. Furniture like sofa beds, foldable desks, nesting tables, and storage ottomans are gaining traction for their versatility and appeal in compact living environments. This trend is particularly strong among millennials and first-time homeowners who value flexibility, aesthetic appeal, and practical use. Retailers and manufacturers are responding with modular and customizable collections that not only maximize utility but also reflect contemporary design sensibilities. This emphasis on smart design is shaping product development and marketing strategies across the industry.
Key Market Players
- IKEA Pty Limited
- Harvey Norman Holdings Limited
- Living Edge (Aust) Pty Ltd
- Nick Scali Limited
- Greenlit Brands Pty Limited
- Freedom Furniture Australia Pty Limited
- Amart Furniture Pty Limited
- King Furniture Australia Pty Ltd
- Saveba Pty Ltd trading (Coco Republic)
- Kogan Australia Pty Ltd
In this report, the Australia Home Furniture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Australia Home Furniture Market, By Product Type:
- Bed
- Table
- Chairs
- Others
- Australia Home Furniture Market, By Material Type:
- Wood
- Plastic
- Metal
- Others
- Australia Home Furniture Market, By Sales Channel:
- upermarkets & Hypermarkets
- pecialty Stores
- Online
- Others
- Australia Home Furniture Market, By Region:
- Australia Capital Territory & New South Wales
- Northern Territory & Southern Australia
- Western Australia
- Queensland
- Victoria & Tasmania
Company Profiles: Detailed analysis of the major companies presents in the Australia Home Furniture Market.
Available Customizations:
Australia Home Furniture Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. INTRODUCTION
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER ANALYSIS
4.1. Brand Awareness
4.2. Factor Influencing Purchase Decision
5. AUSTRALIA HOME FURNITURE MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Bed, Table, Chairs, Others)
5.2.2. By Material Type (Wood, Plastic, Metal, Others)
5.2.3. By Sales Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, Others)
5.2.4. By Regional
5.2.5. By Company (2024)
5.3. Market Map
6. AUSTRALIA BED MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Material Type
6.2.2. By Sales Channel
7. AUSTRALIA TABLE MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Material Type
7.2.2. By Sales Channel
8. AUSTRALIA CHAIRS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Material Type
8.2.2. By Sales Channel
9. MARKET DYNAMICS
9.1. Drivers
9.2. Challenges
10. MARKET TRENDS & DEVELOPMENTS
10.1. Merger & Acquisition (If Any)
10.2. Product Launches (If Any)
10.3. Recent Developments
11. AUSTRALIA ECONOMIC PROFILE
12. COMPETITIVE LANDSCAPE
12.1. Company Profiles
12.1.1. IKEA Pty Limited
12.1.1.1. Business Overview
12.1.1.2. Company Snapshot
12.1.1.3. Products & Services
12.1.1.4. Financials (As Per Availability)
12.1.1.5. Key Market Focus & Geographical Presence
12.1.1.6. Recent Developments
12.1.1.7. Key Management Personnel
12.1.2. Harvey Norman Holdings Limited
12.1.3. Living Edge (Aust) Pty Ltd
12.1.4. Nick Scali Limited
12.1.5. Greenlit Brands Pty Limited
12.1.6. Freedom Furniture Australia Pty Limited
12.1.7. Amart Furniture Pty Limited
12.1.8. King Furniture Australia Pty Ltd
12.1.9. Saveba Pty Ltd trading (Coco Republic)
12.1.10. Kogan Australia Pty Ltd
13. STRATEGIC RECOMMENDATIONS
14. ABOUT US & DISCLAIMER
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER ANALYSIS
4.1. Brand Awareness
4.2. Factor Influencing Purchase Decision
5. AUSTRALIA HOME FURNITURE MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Bed, Table, Chairs, Others)
5.2.2. By Material Type (Wood, Plastic, Metal, Others)
5.2.3. By Sales Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, Others)
5.2.4. By Regional
5.2.5. By Company (2024)
5.3. Market Map
6. AUSTRALIA BED MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Material Type
6.2.2. By Sales Channel
7. AUSTRALIA TABLE MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Material Type
7.2.2. By Sales Channel
8. AUSTRALIA CHAIRS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Material Type
8.2.2. By Sales Channel
9. MARKET DYNAMICS
9.1. Drivers
9.2. Challenges
10. MARKET TRENDS & DEVELOPMENTS
10.1. Merger & Acquisition (If Any)
10.2. Product Launches (If Any)
10.3. Recent Developments
11. AUSTRALIA ECONOMIC PROFILE
12. COMPETITIVE LANDSCAPE
12.1. Company Profiles
12.1.1. IKEA Pty Limited
12.1.1.1. Business Overview
12.1.1.2. Company Snapshot
12.1.1.3. Products & Services
12.1.1.4. Financials (As Per Availability)
12.1.1.5. Key Market Focus & Geographical Presence
12.1.1.6. Recent Developments
12.1.1.7. Key Management Personnel
12.1.2. Harvey Norman Holdings Limited
12.1.3. Living Edge (Aust) Pty Ltd
12.1.4. Nick Scali Limited
12.1.5. Greenlit Brands Pty Limited
12.1.6. Freedom Furniture Australia Pty Limited
12.1.7. Amart Furniture Pty Limited
12.1.8. King Furniture Australia Pty Ltd
12.1.9. Saveba Pty Ltd trading (Coco Republic)
12.1.10. Kogan Australia Pty Ltd
13. STRATEGIC RECOMMENDATIONS
14. ABOUT US & DISCLAIMER
