Brazil Furniture Market Size (2024 - 2029)

The Brazil furniture market is poised for significant expansion, driven by factors such as increased disposable income, a growing number of households, and heightened spending on home improvement and furnishing products. The industry has undergone recent evolution due to the liberalization of foreign trade, domestic market expansion, and new consumer access. Brazil's competitive edge is further enhanced by the availability of low-cost reforestation wood. The market has seen a rise in retail furniture sales, alongside a modest increase in average prices, while domestic production capacity is reducing the reliance on imports. Brazil's furniture exports are primarily directed towards the United States, the United Kingdom, and various South American countries, with a substantial portion of exports going to Latin America.

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Market Size of Brazil Furniture Industry

Brazil Furniture Market
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.90 %
Market Concentration Low

Major Players

Brazil Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Brazil Furniture Market Analysis

The Brazil furniture market is expected to witness strong growth during the forecast period, owing to factors, such as rising disposable income, increasing the number of households in the country, and increasing spend on home improvement and furnishing products.

Brazil's furniture industry has evolved recently, owing to factors such as the opening of the economy to foreign trade, the expansion of the domestic market, and new consumers gaining access to the market. The low cost of reforestation wood represents another important competitive advantage for the furniture industry in Brazil.

In the furniture market in Brazil, sales of furniture in the retail trade increased by nearly 7.3% in 2018. The average price of furniture also witnessed an increase of 0.12% compared to 2018. The country is also witnessing a decline in imports of furniture products, as the production capacity of the country is significantly increasing.

Among the leading destinations for furniture exported by Brazil are the United States and the United Kingdom, followed by South American countries such as Uruguay, Peru, Chile, Paraguay, Argentina, and Bolivia. Latin America, which includes Central America, the Caribbean, and Mexico, accounts for 39.3% of Brazilian exports.

Brazil Furniture Industry Segmentation

A complete background analysis of the Brazilian furniture industry, which includes a qualitative and quantitative assessment of the market, emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. The report also covers the competitive landscape of the market, which provides details about the key players present in the market.

By Material
Wood
Metal
Plastic and Other Furniture
By Application
Home Furniture
Office Furniture
Hospitality Furniture
Other Furniture
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online
Other Distribution Channels
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Brazil Furniture Market Size Summary

The Brazil furniture market is poised for robust growth, driven by increasing disposable incomes, a rising number of households, and heightened spending on home improvement and furnishing products. The industry has seen significant evolution due to the opening of the economy to foreign trade and the expansion of the domestic market, which has allowed new consumers to access the market. The availability of low-cost reforestation wood provides a competitive edge for the Brazilian furniture industry. The market is experiencing a shift with a decline in furniture imports, as domestic production capacity continues to expand. Brazil's furniture exports are primarily directed towards the United States, the United Kingdom, and several South American countries, with Latin America being a significant recipient of Brazilian exports.

The demand for home furniture, particularly bedroom and living room products, is on the rise as consumers replace outdated furniture with more functional and appealing options. This trend is supported by macroeconomic factors such as increased consumer spending power. The residential real estate sector in Brazil is experiencing significant growth, which is expected to further drive the furniture market as new households require new furnishings. The market is highly competitive and fragmented, with key players like Bartira and Industrias Arteb SA leveraging marketing campaigns and quality offerings to maintain their market positions. To counter competition from imports, Brazilian manufacturers are investing in improving production processes, supported by government initiatives to reduce import duties on machinery and equipment.

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Brazil Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Opportunities

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic and Other Furniture

    2. 2.2 By Application

      1. 2.2.1 Home Furniture

      2. 2.2.2 Office Furniture

      3. 2.2.3 Hospitality Furniture

      4. 2.2.4 Other Furniture

    3. 2.3 By Distribution Channel

      1. 2.3.1 Supermarkets and Hypermarkets

      2. 2.3.2 Specialty Stores

      3. 2.3.3 Online

      4. 2.3.4 Other Distribution Channels

Brazil Furniture Market Size FAQs

The Brazil Furniture Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)

Bartira, Techno Mobili, Dalla Costa, BRV Furniture and Politorno are the major companies operating in the Brazil Furniture Market.

Brazil Furniture Market Report Snapshots

Brazil Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)