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Asia Pacific Furniture and Home Furnishing Store Market Size study, by Type (Furniture Stores , Home Furnishing Stores), by Ownership (Retail Chains, Independent Stores), by Store Type (Exclusive/Retail Showrooms, Inclusive Retailers/Dealers Store) and Country Forecasts 2022-2032

June 2024 | 200 pages | ID: A0012D14D31AEN
Bizwit Research & Consulting LLP

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Asia Pacific Furniture and Home Furnishing Store Market is valued at approximately USD 267.91 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.86% over the forecast period 2024-2032. A Furniture and Home Furnishing store, also known as a retail store, offers a variety of home decor and furniture products such as sofas, tables, beds, and home decor. These stores offer a comprehensive shopping experience that allows customers to enhance their living space with stylish and functional items. Furniture and Home Furnishing stores often offer a variety of designs, from classic to contemporary, to suit different tastes and preferences. The Furniture and Home Furnishing retail market is witnessing explosive growth in demand for environmentally friendly and sustainable products, fueled by growing consumer awareness of environmental impacts. There is a rising preference for furniture designs that blend aesthetics with functionality, catering to urban living and smaller living spaces prevalent in many APAC cities.

As disposable incomes rise, there is a growing need for furniture for decorating new homes and update living spaces. This is demonstrated by the growing appeal of companies such as Godrej Interior and IKEA, who provide this market with a wide range of stylish and reasonably priced furniture solutions. In addition, the region's growing urbanization is increasing demand for multipurpose, compact furniture. By providing online furniture marketplaces, businesses such as Shopee and Alibaba are leveraging this trend and increasing the accessibility of furniture for customers in metropolitan regions. However, Variations in the region's economic growth rate can have a significant impact on how much customers spend on furniture and other non-essential items. Furthermore, rising raw material costs may reduce companies' profit margins, resulting in price increases that drive customers away from more costly solutions.

The key Countries considered for the Asia Pacific Furniture and Home Furnishing Store market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. China's vast population provides a constant and growing consumer base, ensuring a perpetual demand for furniture that drives innovation and manufacturing advancements. With a well-established furniture industry refined over centuries, China boasts a highly skilled workforce proficient in both modern production techniques and traditional craftsmanship. Supported by a robust infrastructure of factories, suppliers, and logistics, manufacturers in China can produce a wide variety of furniture types to cater to diverse tastes and budgets. From stylish flat-pack furniture to intricately hand-carved pieces, Chinese producers offer a comprehensive range of products at competitive prices. China's global leadership in the furniture market stems from its ability to blend heritage with technological efficiency, serving a large domestic market while maintaining international competitiveness. The market in India, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Nitori Holdings Co., Ltd.
Godrej Interio
Nitori Holdings Co., Ltd.
Hengda Furniture Group Co., Ltd.
Royal Selangor International
Harvey Norman Holdings Limited
Shopee Pte. Ltd.
Alibaba group holding ltd.
Greenlit Brands Oppein Home Group Inc.

The detailed segments and sub-segment of the market are explained below:

By Type
Furniture Stores Home
Furnishing Stores

By Ownership
Retail Chains
Independent Stores

By Store Type
Exclusive/Retail Showrooms
Inclusive Retailers/Dealers Store

By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Furniture and Home Furnishing Store Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Ownership
  2.3.3. By Store Type
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Furniture Stores
5.2. Home Furnishing Stores

CHAPTER 6. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET SIZE & FORECASTS BY OWNERSHIP 2022-2032

6.1. Retail Chains
6.2. Independent Stores

CHAPTER 7. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET SIZE & FORECASTS BY STORE TYPE 2022-2032

7.1. Exclusive/Retail Showrooms
7.2. Inclusive Retailers/Dealers Store

CHAPTER 8. ASIA PACIFIC FURNITURE AND HOME FURNISHING STORE MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

8.1. China Furniture and Home Furnishing Store Market
  8.1.1. Type breakdown size & forecasts, 2022-2032
  8.1.2. Ownership breakdown size & forecasts, 2022-2032
  8.1.3. Store Type breakdown size & forecasts, 2022-2032
8.2. India Furniture and Home Furnishing Store Market
8.3. Japan Furniture and Home Furnishing Store Market
8.4. Australia Furniture and Home Furnishing Store Market
8.5. South Korea Furniture and Home Furnishing Store Market
8.6. Rest of Asia Pacific Furniture and Home Furnishing Store Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Co., Ltd.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Godrej Interio
  9.3.3. Nitori Holdings Co., Ltd.
  9.3.4. Hengda Furniture Group Co., Ltd.
  9.3.5. Royal Selangor International
  9.3.6. Harvey Norman Holdings Limited
  9.3.7. Shopee Pte. Ltd.
  9.3.8. Alibaba group holding ltd.
  9.3.9. Greenlit Brands
  9.3.10. Oppein Home Group Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Furniture and Home Furnishing Store market, report scope
TABLE 2. Asia Pacific Furniture and Home Furnishing Store market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Furniture and Home Furnishing Store market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Furniture and Home Furnishing Store market estimates & forecasts by Ownership 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Furniture and Home Furnishing Store market estimates & forecasts by Store Type 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Furniture and Home Furnishing Store market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Furniture and Home Furnishing Store market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Furniture and Home Furnishing Store market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Furniture and Home Furnishing Store market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Furniture and Home Furnishing Store market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Furniture and Home Furnishing Store market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Furniture and Home Furnishing Store market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Furniture and Home Furnishing Store market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Furniture and Home Furnishing Store market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Asia Pacific Furniture and Home Furnishing Store market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. China Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. China Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. India Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. India Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. India Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. Japan Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. Japan Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Japan Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Australia Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Australia Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Australia Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. South Korea Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. South Korea Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. South Korea Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31.
TABLE 32. RoAPAC Furniture and Home Furnishing Store market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33. RoAPAC Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. RoAPAC Furniture and Home Furnishing Store market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. List of secondary sources, used in the study of Asia Pacific Furniture and Home Furnishing Store Market.
TABLE 36. List of primary sources, used in the study of Asia Pacific Furniture and Home Furnishing Store Market.
TABLE 37. Years considered for the study.
TABLE 38. Exchange rates considered.

LIST OF FIGURES

FIG 1. Asia Pacific Furniture and Home Furnishing Store market, research methodology
FIG 2. Asia Pacific Furniture and Home Furnishing Store market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Furniture and Home Furnishing Store market, key trends 2023
FIG 5. Asia Pacific Furniture and Home Furnishing Store market, growth prospects 2022-2032
FIG 6. Asia Pacific Furniture and Home Furnishing Store market, porters 5 force model
FIG 7. Asia Pacific Furniture and Home Furnishing Store market, pestel analysis
FIG 8. Asia Pacific Furniture and Home Furnishing Store market, value chain analysis
FIG 9. Asia Pacific Furniture and Home Furnishing Store market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Furniture and Home Furnishing Store market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Furniture and Home Furnishing Store market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Furniture and Home Furnishing Store market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Furniture and Home Furnishing Store market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Furniture and Home Furnishing Store market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Furniture and Home Furnishing Store market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Furniture and Home Furnishing Store market, company market share analysis (2023)


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