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Report

Global Furniture Market Report and Forecast 2024-2032

Market Report I 2023-11-24 I 188 Pages I EMR Inc.

Global Furniture Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global furniture market is projected to grow at a CAGR of 4.9% between 2024 and 2032. Aided by the surging global housing market and the growing propensity for home improvement and interior design, the market is expected to grow significantly by 2032.
Furniture, essential in residential, commercial, and institutional spaces, comprises various movable objects that support human activities such as seating, sleeping, working, and storing items. Beyond mere functionality, furniture also holds aesthetic and design significance, often regarded as a form of decorative art.
The ever-increasing urbanisation and growth of the middle-class population are the key furniture market trends driving the market growth. As urban populations swell and living standards rise, so does the demand for a broad spectrum of furniture products, from basic and affordable to high-end and luxury options.
The digital transformation, already a powerful factor in numerous industries, has become a significant influencer in the world of furniture. E-commerce platforms have made it remarkably easy for consumers to browse, select, and purchase furniture from the comfort of their homes. Moreover, the COVID-19 pandemic's boost to online shopping trends is likely to have a lasting impact, with e-commerce expected to remain a dominant channel for furniture market demand.
A growing awareness of environmental issues and a burgeoning interest in sustainability are leading to increased demand for eco-friendly furniture. Consumers are now more informed and are seeking products made from sustainably sourced materials, recycled elements, or furniture produced using practices that have a lesser environmental impact.
Today's consumers, particularly millennials and Gen Z, are showing a keen interest in furniture that can be customised. This includes not only the dimensions and functionality of a piece but also its aesthetics, including colour, finish, and design elements.
The revival of traditional craftsmanship and local designs, fuelled by consumers' desire for unique and authentic items, is also expected to shape the industry. As consumers increasingly turn away from mass-produced items, the demand for artisanal and locally-produced furniture may surge, which, in turn, is likely to advance the furniture market growth in the forecast period.
Market Segmentation
The market can be divided based on type, end-use, distribution channel, and region.
Market Breakup by Type
- Metal
- Wood
- Plastic
- Glass
- Others
Market Breakup by End-Use
- Residential
- Commercial
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global furniture market. Some of the major players explored in the report by Expert Market Research are as follows:
- Steelcase Inc.
- Haworth Inc.
- Kinnarps AB
- Poltrona Frau S.p.a.
- VITRA INTERNATIONAL AG
- Knoll, Inc.
- NOWY STYL Sp. z o.o.
- Design Holding Group
- Nitori Co., Ltd.
- Hooker Furnishings
- Natuzzi S.p.A.
- Ethan Allen Global, Inc.
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2018-2023)
8.3 Global Furniture Market Forecast (2024-2032)
8.4 Global Furniture Market by Type
8.4.1 Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Wood
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Plastic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Glass
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Furniture Market by End-Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Furniture Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Furniture Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Steelcase Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Haworth Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Kinnarps AB
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Poltrona Frau S.p.a.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 VITRA INTERNATIONAL AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Knoll, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 NOWY STYL Sp. z o.o.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Design Holding Group
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Nitori Co., Ltd.
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Hooker Furnishings
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Natuzzi S.p.A.
12.2.11.1 Company Overview
12.2.11.2 Product Portfolio
12.2.11.3 Demographic Reach and Achievements
12.2.11.4 Certifications
12.2.12 Ethan Allen Global, Inc.
12.2.12.1 Company Overview
12.2.12.2 Product Portfolio
12.2.12.3 Demographic Reach and Achievements
12.2.12.4 Certifications
13 Industry Events and Developments

List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2018 and 2032
2. Global Furniture Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Furniture Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Furniture Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Furniture Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Furniture Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Furniture Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Furniture Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Furniture Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Furniture Market Structure

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