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

By Product;

Living Room Furniture, Bedroom Furniture and Other Residential Furniture.

By Distribution Channel;

Offline Retail Stores and Online Retail Stores.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn077266246 Published Date: January, 2025 Updated Date: February, 2025

Introduction

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

In the year 2024, the Global Residential Furniture Market was valued at USD 683,311.35 million. The size of this market is expected to increase to USD 983,801.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global residential furniture market stands as a cornerstone of the broader furniture industry, reflecting not only evolving consumer preferences but also economic trends and cultural shifts worldwide. From living room sets to bedroom ensembles and kitchen furnishings, the residential furniture market encompasses a vast array of products designed to meet the diverse needs and tastes of homeowners around the globe.

Over the years, the market has witnessed significant transformations, driven by factors such as urbanization, demographic changes, and advancements in manufacturing technologies. Urbanization, in particular, has played a pivotal role, with the burgeoning urban population fueling demand for space-saving and multifunctional furniture solutions. Additionally, demographic shifts, including the rise of millennials as a dominant consumer group, have spurred demand for stylish yet affordable furniture pieces that cater to modern lifestyles.

Furthermore, the advent of e-commerce and digitalization has revolutionized the way consumers shop for furniture, providing unparalleled convenience and accessibility. Online platforms offer consumers the ability to browse a vast assortment of products, compare prices, and read reviews, all from the comfort of their homes. This digital transformation has not only expanded the reach of furniture retailers but has also empowered consumers with greater choice and transparency in their purchasing decisions.

  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 Residential Furniture Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lifestyle Changes

        2. Urbanization Trends

        3. Growing Disposable Income

      2. Restraints
        1. Economic Uncertainty

        2. Fluctuating Raw Material Prices

        3. Environmental Regulations

      3. Opportunities
        1. E-commerce Expansion

        2. Sustainable Practices Adoption

        3. Customization and Personalization Trends

    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 Residential Furniture Market, By Product, 2021 - 2031 (USD Million)
      1. Living Room Furniture
      2. Bedroom Furniture
      3. Other
    2. Global Residential Furniture Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline Retail Stores
      2. Online Retail Stores
    3. Global Residential Furniture Market, By Geography, 2021 - 2031 (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
    1. Company Profiles
      1. Inter IKEA Systems B.V.
      2. Century Furniture LLC.
      3. Ashley Home Stores, Ltd.
      4. La-Z-Boy Incorporated
      5. Williams-Sonoma Inc.
      6. LEGENDS FURNITURE
      7. Heritage Home Group
      8. Bernhardt Furniture Company
      9. Herman Miller, Inc
      10. Vaughan-Bassett Furniture Company
  7. Analyst Views
  8. Future Outlook of the Market