Indonesia Home Furniture Market Size (2024 - 2029)

The Indonesia home furniture market is poised for significant growth, driven by an expanding customer base and increasing demand for modern and premium furniture. The market's expansion is supported by the rising middle-class population, which fuels the need for higher-quality furnishings. The presence of both domestic and international players, along with Indonesia's rich natural resources like bamboo and rattan, further enhances the market's potential. This dynamic environment is expected to contribute to a substantial increase in the market's overall size and share during the forecast period.

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Market Size of Indonesia Home Furniture Industry

Indonesia Home Furniture Market (2024 - 2029)
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.96 Billion
Market Size (2029) USD 5.62 Billion
CAGR (2024 - 2029) 7.25 %
Market Concentration Medium

Major Players

Indonesia Home Furniture Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Indonesia Home Furniture Market Analysis

The Indonesia Home Furniture Market size is estimated at USD 3.96 billion in 2024, and is expected to reach USD 5.62 billion by 2029, at a CAGR of 7.25% during the forecast period (2024-2029).

Indonesia's home furniture market is expected to gain high revenue in the future due to an expanding customer base across all regions of the country. The rising demand for modern and expensive furniture due to the rising middle-class population in Indonesia is expected to assist the market in growing its revenue. Growing numbers of domestic and global players in the country are anticipated to be among the major factors driving the overall home furniture market in Indonesia. The abundance of natural resources with extensive plantations of bamboo and rattan in Indonesia is anticipated to invite foreign entrants to cater to the growing needs for furniture in the country. The expansion of the customer base for both domestic and global players is projected to add revenues to the overall market at a rapid pace.

The rising demand for modern and expensive furniture due to the rising middle-class population in Indonesia is expected to assist the market in growing its revenue. Growing numbers of domestic and global players in the country are anticipated to be among the major factors driving the overall home furniture market in Indonesia.

Indonesia Home Furniture Industry Segmentation

Furniture is a movable article used in a room or space suitable for working and living. The scope includes furniture used in residential, commercial, hospitality, and other applications. 

The Indonesian furniture market is segmented by material (wood, metal, plastic, and other materials), application (home furniture, office furniture, hospitality furniture, and other furniture), and distribution channel (supermarkets, specialty stores, online, and other distribution channels). 

The report offers market size and forecasts for the Indonesian furniture market in value (USD) for all the above segments.

By Material
Wood
Metal
Plastic
Other Materials
By Application
Home Furniture
Office Furniture
Hospitality Furniture
Other Furniture
By Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels
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Indonesia Home Furniture Market Size Summary

The Indonesian home furniture market is poised for significant growth, driven by an expanding middle-class population and increasing urbanization. The demand for modern and high-quality furnishings is on the rise, as consumers seek furniture that offers both style and comfort. This trend is further fueled by the popularity of multi-purpose furniture, which caters to the needs of urban buyers looking to optimize their living spaces. The market is characterized by a diverse range of domestic and global players, with the abundance of natural resources like bamboo and rattan attracting foreign entrants. These factors collectively contribute to the anticipated revenue growth in the sector.

The market landscape is fragmented, with major players such as VIVERE Group, Republic Furniture Jepara, Raisa House Of Excellence, Integra Group, and IKEA holding significant shares. Competition is driven by consumer income, with large companies focusing on volume purchasing and product breadth, while smaller firms emphasize product depth and customer service. The increasing per capita income and adoption of modern lifestyle trends are transforming traditional households into luxury residences, boosting the demand for stylish and space-saving furniture solutions. This dynamic environment is expected to propel the Indonesian home furniture market forward over the forecast period.

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Indonesia Home Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rapid Growth in Urbanization

    3. 1.3 Market Restraints

      1. 1.3.1 Availability of Alternatives

    4. 1.4 Market Opportunities

      1. 1.4.1 Technological Advancements

    5. 1.5 Value Chain/Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Trends Influencing the Indonesian Home Furniture Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic

      4. 2.1.4 Other Materials

    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 Home Centers

      2. 2.3.2 Flagship Stores

      3. 2.3.3 Specialty Stores

      4. 2.3.4 Online Stores

      5. 2.3.5 Other Distribution Channels

Indonesia Home Furniture Market Size FAQs

The Indonesia Home Furniture Market size is expected to reach USD 3.96 billion in 2024 and grow at a CAGR of 7.25% to reach USD 5.62 billion by 2029.

In 2024, the Indonesia Home Furniture Market size is expected to reach USD 3.96 billion.

Indonesia Home Furniture Market Report Snapshots

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