How big is the Furniture Market?

The Furniture Market size is expected to reach USD 637.5 billion in 2024 and grow at a CAGR of 5.25% to reach USD 823.75 billion by 2029. Read More

What is the current Furniture Market size?

In 2024, the Furniture Market size is expected to reach USD 637.5 billion. Read More

Who are the key players in Furniture Market?

Ashley Furniture Industries, Inc., Inter IKEA Group, Herman Miller, Inc., HNI Corp. and Steelcase Inc. are the major companies operating in the Furniture Market. Read More

Which is the fastest growing region in Furniture Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Furniture Market?

In 2024, the North America accounts for the largest market share in Furniture Market. Read More

What years does this Furniture Market cover, and what was the market size in 2023?

In 2023, the Furniture Market size was estimated at USD 604.03 billion. The report covers the Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the changing consumer preferences in the Furniture Market?

The changing consumer preferences in the Furniture Market are a) Growing demand for multifunctional and space-saving furniture b) Increased interest in sustainable furniture made from recycled materials or with eco-friendly practices c) Rising popularity of ergonomic furniture and Growing preference for online furniture shopping Read More

Furniture Market Analysis | Industry Growth, Size & Forecast Report

Furniture Market Analysis - Industry Growth, Size & Forecast Report (2024 - 2029)

The Global Furniture Market, Encompassing Items Like Tables, Chairs, Sofas, Beds, Desks, Dressers, Bookcases, Wardrobes, and Cabinets, is Projected To Grow Due To Increased Urbanization, The Rise of Residential and Commercial Buildings, and the Demand for Lightweight, Adaptable, Portable Items With Ample Storage. Factors Such As the Increase in Nuclear Families, The Need for Ergonomically Designed Items Due To Postural Dysfunction, and the Ease of Purchasing Innovative Products Like Couches Online are Also Contributing To Market Expansion. The Market is Segmented by Application and Distribution Channel, With Online Sales Seeing A Significant Increase, Particularly in the Asia-Pacific Region. Major Players Include Ashley Furniture Industries, Inc., Inter IKEA Group, Herman Miller, Inc., Hni Corp., and Steelcase, Inc.

Furniture Industry Overview

The furniture market is highly competitive and fragmented, with numerous manufacturers, retailers, and distributors operating across regions. The furniture market is characterized by a mix of large multinational corporations, mid-sized companies, and smaller manufacturers and retailers. Some of the biggest furniture companies in the industry include IKEA, Ashley Furniture Industries, Steelcase Inc., Herman Miller Inc., and Haworth Inc.