Furniture Market Size, Share, Opportunities, And Trends By Furniture Type (Residential, Commercial), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2025 To 2030

Furniture Market Size

The furniture market is projected to grow at a CAGR of 6.01% to attain a value of US$879.712 billion by 2030 from US$657.080 billion in 2025.

Furniture Market Trends

The growing population along with an increase in disposable income is giving a major boost to the demand for furniture. In the residential sector, there is a rising trend for customized furniture that meets the aesthetic preferences and requirements of compact space.

Additionally, the growing focus on environmental sustainability is driving the demand for furniture that is eco-friendly and sustainable such as the use of recycled materials for furniture. Alongside this, there is increasing demand for furniture that helps in maintaining good posture and can reduce the bad effects of sitting long hours, especially driven by the office spaces and the emerging work-from-home working class. promotes good posture is rising. Further, the growth of e-commerce will significantly change the method of distribution channels.

The Furniture Market is witnessing significant growth driven by two major factors:

• Expanding Residential and Commercial Infrastructure Development: The global residential construction market is expanding due to rising disposable income and a growing middle-class population, with an increasing trend towards urbanization. Further, the growing travel and tourism sector worldwide is leading to the construction of new hotels and airports, which are also expected to supplement market expansion.

Governmental initiatives for promoting smart cities are one of the key factors expected to propel the furniture market's growth. This leads to an increase in infrastructural development of buildings and commercial space, driving the demand for furniture.

For instance, the Smart Cities Mission by the government of India, where the government has identified 100 cities to be converted into smart cities, is leading to development in residential and commercial spaces driving the demand for furniture.  Similarly, in the Middle East, the government's focus on boosting the real estate sector, leading to the expansion of residential and commercial construction activities, driving demand for furniture. Government policies aimed at infrastructural development in the Middle East, such as initiatives like Saudi Vision 2030, UAE Vision 2021, and UAE Vision 2023, are expected to significantly increase the demand for furniture, particularly in the residential and commercial sectors.

• Robust Growth Trends in Emerging Markets: The robust economic growth in developing and developed economies is one of the major factors driving the furniture market’s expansion throughout the forecast period. The rising economic conditions in countries like China and India are leading to a rise in disposable incomes,  driving investments in construction activities by both private and government sectors. This increased investment is enhancing construction in both residential and commercial infrastructure, positively impacting market growth.

Furniture Market Segmentation Analysis by Furniture Type

• Residential: Residential furniture is used for household purposes, The market for residential furniture is poised to hold a noteworthy share as there is a growing demand for furniture in this segment due to the rising global residential construction market, driving the demand for furniture. Similarly, growing investments in housing projects also support the market growth for residential furniture during the forecast period. The residential segment is driven by demand for customized furniture as per the requirements of compact spaces and aesthetically appealing minimalistic furniture.
• Commercial: Commercial furniture is used in hotels, offices, industries, and other places such as airports and metros. The commercial segment is expected to experience significant growth due to the increasing development of commercial infrastructure in various countries, particularly in airports and the corporate sector. Additionally, the expansion of the hospitality industry, marked by the construction of new hotels, is driving demand for commercial infrastructure during the forecast period.

Furniture Market Geographical Outlook:

• Asia-Pacific will have a significant growth during the forecast period

Asia Pacific region is expected to have a considerable market share in the global furniture market, driven by the presence of major developing countries such as India, China, Indonesia, and others. These countries are experiencing rapid urbanization, leading to a surge in demand for residential and commercial furniture.

The growing population of the Asia-Pacific countries like India, and China in absolute terms is driving the demand for residential houses. This upsurge in demand for residential houses is driving the market for furniture.  With a growing middle-class population and rising disposable incomes, there has been a rise in spending on premium and customized furniture products. The boom in real estate and construction industries in Asia Pacific has propelled the demand for furniture.

Furniture Market – Competitive Landscape

• Inter IKEA Systems B.V.Herman Miller, Inc.
• Godrej and Boyce Mfg. Co. Ltd.
• Steelcase Inc.
• Ashley Home Stores Ltd.
• Haworth Inc.

These companies are some of the major market players in the furniture market. They have an extensive presence in markets with a focus on innovative designs to cater to the changing preferences of furniture.

Furniture Market's Latest Developments

• In May 2024, Remax Furniture announced the opening of its furniture store which will be offering premium furniture pieces.

Furniture Market Scope:

Report Metric	Details
Furniture Market Size in 2025	US$657.080 billion
Furniture Market Size in 2030	US$879.712 billion
Growth Rate	CAGR of 6.01%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Furniture Type Distribution Channel Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Furniture Market	KOKUYO Co. Ltd. Ashley Home Stores Ltd. Haworth Inc. OKAMURA CORPORATION Inter IKEA Systems B.V.
Customization Scope	Free report customization with purchase

 

Furniture Market is analyzed into the following segments:

• By Furniture Type
  • Residential
  • Commercial
• By Distribution Channel
  • Online
  • Offline
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. FURNITURE MARKET BY FURNITURE TYPE

5.1. Introduction 

5.2. Residential

5.3. Commercial

6. FURNITURE MARKET BY DISTRIBUTION CHANNEL

6.1. Introduction

6.2. Online

6.3. Offline

7. FURNITURE MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Furniture Type

7.2.2. By Distribution Channel

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Furniture Type

7.3.2. By Distribution Channel

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Furniture Type

7.4.2. By Distribution Channel

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Spain

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Furniture Type

7.5.2. By Distribution Channel

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Furniture Type

7.6.2. By Distribution Channel

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. South Korea

7.6.3.4. Australia

7.6.3.5. India

7.6.3.6. Indonesia

7.6.3.7. Thailand

7.6.3.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. KOKUYO Co. Ltd.

9.2. Ashley Home Stores Ltd.

9.3. Haworth Inc.

9.4. OKAMURA CORPORATION

9.5. Inter IKEA Systems B.V.

9.6. HNI Corporation  

9.7. Kimball International, Inc.

9.8. Herman Miller, Inc.

9.9. Godrej and Boyce Mfg. Co. Ltd.

9.10. Steelcase Inc.

KOKUYO Co. Ltd.

Ashley Home Stores Ltd.

Haworth Inc.

OKAMURA CORPORATION

Inter IKEA Systems B.V.

HNI Corporation  

Kimball International, Inc.

Herman Miller, Inc.

Godrej and Boyce Mfg. Co. Ltd.

 

Steelcase Inc.