Global Home Furniture Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Living Room & Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps & Lighting Furniture, Plastic and Other Furniture.

By Distribution Channel;

Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa , and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn368912616 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Home Furniture Market (USD Million), 2021 - 2031

In the year 2024, the Global Home Furniture Market was valued at USD 194,228.30 million. The size of this market is expected to increase to USD 295,926.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

Home furniture encompasses a broad range of products that furnish the physical spaces within a household. These products are offered by both national chains and independent retailers specializing in home furnishings. In recent years, the global home furniture market has witnessed a surge in demand driven by factors such as population mobility and the growing need for settling down in new homes. There is an increasing preference for smart furniture, which integrates technology into traditional furniture pieces, further fueling market growth. Concerns over declining furniture quality have prompted consumers worldwide to invest in home furniture, contributing to market expansion.

Low lending rates and the widespread penetration of online stores, particularly in emerging economies, are expected to boost the global market share of home furniture. The market demonstrates high adaptability to evolving trends, though it faces intensified competition from new market entrants. The rising number of single- and two-person households has spurred demand for small, portable furniture solutions. Consumers, especially those residing in smaller spaces, are increasingly seeking multi-purpose, foldable, and technology-driven furniture options. Changing consumer preferences, influenced by evolving design trends, sustainability considerations, and technological advancements, significantly impact the demand for home furniture. Modern and contemporary designs, eco-friendly materials, and smart furniture with integrated features are gaining traction among consumers. Personalization and customization options play a pivotal role in meeting individual consumer needs and preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Home Furniture Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Changing lifestyles require adaptable furniture
        2. Aging population seeks senior-friendly furnishings
        3. Sustainable furniture demand boosts growth
        4. Innovative, luxurious furniture fosters growth
      2. Restraints
        1. Trade restrictions hinder sourcing
        2. Market volatility affects decisions
        3. Second-hand furniture demand impedes market
      3. Opportunities
        1. Subscription models offer furniture access
        2. Social media influences decor trends
        3. Furniture rental services gain popularity
        4. DIY culture fosters customization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Home Furniture Market, By Product, 2023 - 2033 (USD Million)
      1. Living Room & Dining Room Furniture
      2. Bedroom Furniture
      3. Kitchen Furniture
      4. Lamps & Lighting Furniture
      5. Plastic
      6. Other Furniture
    2. Global Home Furniture Market, By Distribution Channel, 2023 - 2033 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Specialty Stores
      3. Online Retail Stores,
      4. Other Distribution Channels
    3. Global Home Furniture Market, By Geography, 2023 - 2033 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Ikea
      2. La-Z-Boy
      3. Godrej Interio
      4. Bernhardt
      5. Ashley Furniture Industries Inc.
      6. Flexsteel Industries Inc
  7. Analyst Views
  8. Future Outlook of the Market