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Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 143 pages | ID: F67684E187B2EN
IMARC Group

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The global furniture market size reached US$ 655.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 685.6 Billion by 2028.

Furniture refers to movable and ergonomic objects, such as chairs, tables, beds, cupboards, desks, sofas, and cabinets, used in residential and commercial places for seating arrangements, storage purposes, and improving the aesthetic value of space. It is manufactured using durable raw materials, including wood, plastics, glass, iron, and marble. Nowadays, manufacturers are offering multi-functional variants in varied colors, sizes, styles, and designs with enhanced aesthetics, comfort, functionality, and storage capacities for offices, homes, and indoor and outdoor areas.

Furniture Market Trends:
The growing global population, rapid urbanization, and rising construction of residential and commercial buildings are among the key factors positively influencing the market. In addition, the expansion of the travel and tourism sector, in confluence with inflating income levels, changing lifestyles, and improving living standards, is increasing the usage of lightweight, versatile, and portable furniture with maximum storage facilities across the globe. Apart from this, the increasing number of nuclear families is propelling the sales of foldable and compact furniture that can be easily arranged in smaller spaces. Besides this, the growing number of people suffering from postural dysfunction is catalyzing the demand for ergonomically designed furniture to prevent health and posture problems among children and adults. Furthermore, the easy availability of innovative products through online shopping platforms is propelling market growth. Moreover, leading manufacturers are coming up with new designs and collaborating with interior designers to expand their market reach and capture a wider customer base. They are also introducing sustainable furniture made from recycled items, such as salvaged wood, textiles, and wood pallets, which is anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global furniture market report, along with forecasts at the global, regional and country level from 2023-2028. 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.
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 TABLES

Table 1: Global: Furniture Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Furniture Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 3: Global: Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Furniture Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Furniture Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Furniture Market: Competitive Structure
Table 7: Global: Furniture Market: Key Players

LIST OF FIGURES

Figure 1: Global: Furniture Market: Major Drivers and Challenges
Figure 2: Global: Furniture Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Furniture Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Furniture Market: Breakup by Material (in %), 2022
Figure 5: Global: Furniture Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Furniture Market: Breakup by End Use (in %), 2022
Figure 7: Global: Furniture Market: Breakup by Region (in %), 2022
Figure 8: Global: Furniture (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Furniture (Wood) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Furniture (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Furniture (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Furniture (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Furniture (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Furniture (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Furniture (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Furniture (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Furniture (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Furniture (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Furniture (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Furniture (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Furniture (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Furniture (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Furniture (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Furniture (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Furniture (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Furniture Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
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


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