Furniture Market Analysis - Industry Growth, Size & Forecast Report (2025 - 2030)

The Global Furniture Market, Encompassing Items Like Tables, Chairs, Sofas, Beds, Desks, Dressers, Bookcases, Wardrobes, and Cabinets, is Projected To Grow Due To Increased Urbanization, The Rise of Residential and Commercial Buildings, and the Demand for Lightweight, Adaptable, Portable Items With Ample Storage. Factors Such As the Increase in Nuclear Families, The Need for Ergonomically Designed Items Due To Postural Dysfunction, and the Ease of Purchasing Innovative Products Like Couches Online are Also Contributing To Market Expansion. The Market is Segmented by Application and Distribution Channel, With Online Sales Seeing A Significant Increase, Particularly in the Asia-Pacific Region. Major Players Include Ashley Furniture Industries, Inc., Inter IKEA Group, Herman Miller, Inc., Hni Corp., and Steelcase, Inc.

Furniture Market Analysis - Industry Growth, Size & Forecast Report (2025 - 2030)

Furniture Market Size

Furniture Market (2024 - 2029)
Study Period 2020 - 2030
Market Size (2025) USD 670.97 Billion
Market Size (2030) USD 866.59 Billion
CAGR (2025 - 2030) 5.25 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Furniture Market with other markets in Home and Property Improvement Industry

Kitchen Appliances

Home Appliances

Laundry Appliances

Home Decor

Furniture and Furnishings

Floor Coverings

Furniture Market Analysis

The Furniture Market size is estimated at USD 670.97 billion in 2025, and is expected to reach USD 866.59 billion by 2030, at a CAGR of 5.25% during the forecast period (2025-2030).

The furniture industry has witnessed steady growth recently, propelled by urbanization, population expansion, increased disposable incomes, and evolving lifestyle preferences worldwide. As the furniture market size continues to expand with urbanization on the rise, especially in emerging economies, the demand for furniture for residential and commercial spaces like apartments, offices, hotels, and restaurants is expected to surge. Additionally, the real estate sector's expansion and a growing inclination toward home renovation and interior decoration are further driving the demand for furniture products. 

The increasing focus on eco-friendliness and sustainability is one key trend changing the global furniture sector, significantly impacting the furniture market size. The growing consumer knowledge of environmental issues and concerns about the effects of furniture manufacturing on the environment has increased demand for eco-friendly production methods and furniture made of sustainable materials like bamboo, recycled, and reclaimed wood. 

Moreover, the furniture sector is progressively using technological innovations like 3D printing, augmented reality (AR), and virtual reality (VR). With the help of these technologies, furniture producers and merchants can produce unique designs and personalized items and give customers engaging shopping experiences. 

Furniture Industry Overview

The furniture market is highly competitive and fragmented, with numerous manufacturers, retailers, and distributors operating across regions. The furniture market is characterized by a mix of large multinational corporations, mid-sized companies, and smaller manufacturers and retailers. Some of the biggest furniture companies in the industry include IKEA, Ashley Furniture Industries, Steelcase Inc., Herman Miller Inc., and Haworth Inc.

Furniture Market Leaders

  1. Ashley Furniture Industries, Inc.

  2. Inter IKEA Group

  3. Herman Miller, Inc.

  4. HNI Corp.

  5. Steelcase Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Furniture Market Concentration
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Furniture Market News

  • February 2023: Inter IKEA Group introduced three collections to encourage households to make more sustainable purchases as part of its new transitional range: Vivid Wonderland, Glorious Green, and Simple Serenity.
  • September 2022: Durham Furniture Inc. partnered with Intiaro, a 3D tech company, with an emphasis on 3D strategy and visualization tools to improve the new online and shop experience.

Furniture Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Disposable Income
    • 4.2.2 Growth of E-commerce Platforms
  • 4.3 Market Restraints
    • 4.3.1 High Competition in the Market
    • 4.3.2 Fluctuating Raw Material Prices
  • 4.4 Market Opportunities
    • 4.4.1 Introduction of Smart Furniture
    • 4.4.2 Rise in Demand for Eco-friendly Furniture
  • 4.5 Value Chain Analysis
  • 4.6 Industry Attractiveness: Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Insights into Technological Advancements in the Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Beds
    • 5.1.2 Tables
    • 5.1.3 Sofas
    • 5.1.4 Chairs and Stools
    • 5.1.5 Others (Wardrobes, Shelves, and Cabinets)
  • 5.2 By Material
    • 5.2.1 Metal
    • 5.2.2 Wood
    • 5.2.3 Plastic
    • 5.2.4 Glass
  • 5.3 By Application
    • 5.3.1 Residential
    • 5.3.2 Commercial
  • 5.4 By Distribution Channel
    • 5.4.1 Home Centers
    • 5.4.2 Specialty Stores
    • 5.4.3 Online Stores
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 Germany
    • 5.5.2.3 France
    • 5.5.2.4 Russia
    • 5.5.2.5 Italy
    • 5.5.2.6 Spain
    • 5.5.2.7 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 India
    • 5.5.3.2 China
    • 5.5.3.3 Japan
    • 5.5.3.4 Australia
    • 5.5.3.5 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 United Arab Emirates
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Ashley Furniture Industries Inc.
    • 6.2.2 Inter IKEA Group
    • 6.2.3 Herman Miller Inc.
    • 6.2.4 HNI Corp.
    • 6.2.5 Steelcase Inc.
    • 6.2.6 La-Z-Boy
    • 6.2.7 Okamura Corporation
    • 6.2.8 Global Furniture Group
    • 6.2.9 Durham Furniture Inc.
    • 6.2.10 Stanley Furniture*
  • *List Not Exhaustive

7. MARKET OPPORTUNTIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Furniture Industry Segmentation

The furniture market refers to the total sales recorded by furniture products across the globe. A complete background of furniture market analysis which includes an assessment of the national accounts, economy, emerging furniture industry trends by segments, significant changes in the market dynamics, and the market overview and furniture market share are covered in the report.

The furniture market research is segmented by application, distribution channel, and geography. By application, the market is sub-segmented into home furniture, office furniture, hospitality furniture, and other furniture. By distribution channel, the furniture market analysis is sub-segmented into home centers, flagship stores, specialty stores, online, and other distribution channels. By geography, the furniture market research is sub-segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

The market size, forecasts, and furniture market share are provided in terms of value (USD) for all the above-mentioned segments.

By Product Type Beds
Tables
Sofas
Chairs and Stools
Others (Wardrobes, Shelves, and Cabinets)
By Material Metal
Wood
Plastic
Glass
By Application Residential
Commercial
By Distribution Channel Home Centers
Specialty Stores
Online Stores
By Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa United Arab Emirates
South Africa
Rest of Middle East and Africa
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Furniture Market Research FAQs

How big is the Furniture Market?

The Furniture Market size is expected to reach USD 670.97 billion in 2025 and grow at a CAGR of 5.25% to reach USD 866.59 billion by 2030.

What is the current Furniture Market size?

In 2025, the Furniture Market size is expected to reach USD 670.97 billion.

Who are the key players in Furniture Market?

Ashley Furniture Industries, Inc., Inter IKEA Group, Herman Miller, Inc., HNI Corp. and Steelcase Inc. are the major companies operating in the Furniture Market.

Which is the fastest growing region in Furniture Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Furniture Market?

In 2025, the North America accounts for the largest market share in Furniture Market.

What years does this Furniture Market cover, and what was the market size in 2024?

In 2024, the Furniture Market size was estimated at USD 635.74 billion. The report covers the Furniture Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Furniture Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Furniture Industry Report

The global furniture market, encompassing items like tables, chairs, sofas, beds, desks, dressers, bookcases, wardrobes, and cabinets, is projected to grow due to increased urbanization, the rise of residential and commercial buildings, and the demand for lightweight, adaptable, portable items with ample storage. Factors such as the increase in nuclear families, the need for ergonomically designed items due to postural dysfunction, and the ease of purchasing innovative products like couches online are also contributing to market expansion.

The market is segmented by application and distribution channel, with online sales seeing a significant increase, particularly in the Asia-Pacific region. Major players include Ashley Furniture Industries, Inc., Inter IKEA Group, Herman Miller, Inc., HNI Corp., and Steelcase, Inc. Furniture industry analysis reveals a dynamic market segmented by end-user needs, with the residential sector leading due to the essential daily seating requirements and the rise in nuclear families. The office furniture segment follows closely, propelled by the increasing demand for ergonomic solutions that cater to diverse work environments. Additionally, the hospitality industry is capitalizing on high-quality and luxurious furniture to elevate customer experiences, significantly contributing to the market's expansion.

This growth is underpinned by a commitment to innovation, sustainability, and the aim to fulfill the evolving preferences of consumers across the residential, office, and hospitality sectors. International furniture companies are at the forefront of these trends, continuously adapting and innovating to meet market demands. Complementing this, statistics from Mordor Intelligence™ industry reports offer insights into the furniture market's share, size, and revenue growth, alongside a detailed kitchenware analysis. These reports provide a forecast outlook and a historical overview, essential for understanding market dynamics.

For a comprehensive view of these trends and data, a free report PDF download is available, offering a sample of this in-depth industry analysis. This synthesis of market segmentation and statistical data underscores the furniture industry's vibrant landscape, marked by strategic innovation and consumer-centric approaches.

Furniture Market Report Snapshots