Market Size of Canada Home Furniture Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 19.05 Billion |
| Market Size (2029) | USD 23.54 Billion |
| CAGR (2024 - 2029) | 5.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Furniture Market Analysis
The Canada Home Furniture Market size is estimated at USD 19.05 billion in 2024, and is expected to reach USD 23.54 billion by 2029, growing at a CAGR of 5.43% during the forecast period (2024-2029).
Canada is the fifth largest exporter of furniture in the world. The furniture industry in Canada is made up of wood cabinet and countertop manufacturers, office furniture and institutional furniture manufacturers, and blinds & shades manufacturers. It also includes home furniture manufacturers along with mattress manufacturers.
Canada is one of the top ten furniture manufacturers in the world. It is due to the channelized nature of production, distribution, and selling and the growing demand for home furnishings (driven by consumer spending capacity). The growth of the infrastructure sectors, such as real estate and tourism, also contributes to the growth of the commercial furniture market in Canada. In addition, the country is known for producing carved and specialized wood furniture. These are the main factors driving the growth of the home furniture industry in Canada.
The increasing per capita income of the middle class is driving the growth of the home furnishings sector in Canada. The increasing demand for business furniture in the country is partly due to the growth of infrastructure industries such as real estate, tourism, etc. In addition, the country is well-known for producing specialty and carved wooden furniture. Furniture brands want to increase their presence in major cities by collaborating with their local distributors and setting up their stores. Since internet players carved a niche in this industry, its growth is wider than traditional high-street retailers. These are the main reasons driving the growth of Canada’s home furnishings sector.
The impact of the COVID-19 crisis on consumer behavior and manufacturing trends heightened the importance of digitalization and automation for the furniture industry. Online-savvy consumers seeking personalized shopping experiences and competitive prices are pushing furniture manufacturers to innovate their existing workflows.
