Indonesia Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Indonesia's Home Furniture Market Report is Segmented by Product(wood, Metal, Plastic, and Other Materials) and Application (home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), and Distribution Channel (home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels). The Market Size and Forecasts for the Indonesian Furniture Market are Provided in Terms of Value (USD) for all the Above Segments.

Indonesia Home Furniture Market Size

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Indonesia Home Furniture Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR (2024 - 2029) > 6.33 %
Market Concentration Medium

Major Players

Indonesia Home Furniture Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Indonesia Home Furniture Market Analysis

The Indonesia Home Furniture Market is expected to register a CAGR of greater than 6.33% during the forecast period(2024-2029).

Indonesia's home furniture market is expected to gain high revenue in the future due to an expanding customer base across all regions of the country. The rising demand for modern and expensive furniture due to the rising middle-class population in Indonesia is expected to assist the market in growing its revenue. Growing numbers of domestic and global players in the country are anticipated to be among the major factors driving the overall home furniture market in Indonesia. The abundance of natural resources with extensive plantations of bamboo and rattan in Indonesia is anticipated to invite foreign entrants to cater to the growing needs for furniture in the country. The expansion of the customer base for both domestic and global players is projected to add revenues to the overall market at a rapid pace.

The rising demand for modern and expensive furniture due to the rising middle-class population in Indonesia is expected to assist the market in growing its revenue. Growing numbers of domestic and global players in the country are anticipated to be among the major factors driving the overall home furniture market in Indonesia.

Indonesia Home Furniture Market Trends

Growing Urbanization is Driving the Market

The market is expected to grow from strength to strength from the rising demand for high-quality furnishings to suit the different preferences and aesthetic values of consumers. The home furniture market is benefitting increasingly from the advent of furniture that promises to enhance comfort substantially. The overall demand is increasingly fuelled by the rise in urbanization across the country. Pieces of multi-purpose furniture such as sofa cum beds, hydraulic beds, foldable tables, and beds with storage are gaining massive popularity among homebuyers who want to make optimal use of living spaces. This is a crucial trend among urban buyers, which is expected to fuel the expansion of the home furniture market. Nowadays, theme-based home decor and regular renovation of homes is an ongoing trend followed by consumers belonging to middle and upper-middle-class populations of urban cities. These classes of the urban population look beyond the basic functionality of furniture and, thus, may look for additional attributes such as style and comfort.

Indonesia Home Furniture Market : Degree of Urbanization, In %, Indonesia, 2018 - 2022

Bedroom Furniture Segment

Bedroom furniture consists of relaxing beds integrated with coordinating bedside tables, drawers, and wardrobes for a serene sanctuary that meets all the requirements of end-users. Increasing per capita income of consumers and the adoption of newer lifestyle trends have revamped traditional households into modern luxury residential dwellings. Increasing inclination towards light, stylish, and comfortable walk-in closet designs or free-standing wardrobes has resulted in an important element of creating modern bedroom interiors. A high preference for space-saving fixtures is drawing more attention towards closet drawers, which are replacing bedroom dressers, thereby leaving more space in the bedroom. This scenario is likely to propel the demand for wardrobes and storage furniture over the forecast period.

Indonesia Home Furniture Market : Bedroom Furniture Market Size: In USD Billion, Indonesia, 2018 - 2022

Indonesia Home Furniture Industry Overview

The Indonesian home furniture market is a fragmented industry. In terms of market share, some of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service. The major players are VIVERE Group, Republic Furniture Jepara, Raisa House Of Excellence, Integra Group, and IKEA.

Indonesia Home Furniture Market Leaders

  1. VIVERE Group

  2. Republic Furniture Jepara

  3. Raisa House Of Excellence

  4. Integra Group

  5. IKEA

*Disclaimer: Major Players sorted in no particular order

Indonesia Home Furniture Market Concentration
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Indonesia Home Furniture Market News

  • January 2022: Indonesia approved a USD 6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison.
  • October 2022: Indonesian furniture retailer Febelio declared bankruptcy due to the financial difficulties brought about by the pandemic and its failure to raise new funding.

Indonesia Home Furniture Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rapid Growth in Urbanization

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternatives

    4. 4.4 Market Opportunities

      1. 4.4.1 Technological Advancements

    5. 4.5 Value Chain/Supply Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Trends Influencing the Indonesian Home Furniture Market

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Wood

      2. 5.1.2 Metal

      3. 5.1.3 Plastic

      4. 5.1.4 Other Materials

    2. 5.2 By Application

      1. 5.2.1 Home Furniture

      2. 5.2.2 Office Furniture

      3. 5.2.3 Hospitality Furniture

      4. 5.2.4 Other Furniture

    3. 5.3 By Distribution Channel

      1. 5.3.1 Home Centers

      2. 5.3.2 Flagship Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Republic Furniture Jepara

      2. 6.2.2 Wisanka Indonesia

      3. 6.2.3 Raisa House Of Excellence

      4. 6.2.4 Integra Group

      5. 6.2.5 Wahana Kayu

      6. 6.2.6 Vixi Design

      7. 6.2.7 IKEA

      8. 6.2.8 Galeri Jepara

      9. 6.2.9 Vivere Group

      10. 6.2.10 Dawood Indonesia*

    3. *List Not Exhaustive
  7. 7. MARKET FUTURE TREND

  8. 8. DISCLAIMER

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Indonesia Home Furniture Industry Segmentation

Furniture is a movable article used in a room or space suitable for working and living. The scope includes furniture used in residential, commercial, hospitality, and other applications. 

The Indonesian furniture market is segmented by material (wood, metal, plastic, and other materials), application (home furniture, office furniture, hospitality furniture, and other furniture), and distribution channel (supermarkets, specialty stores, online, and other distribution channels). 

The report offers market size and forecasts for the Indonesian furniture market in value (USD) for all the above segments.

By Material
Wood
Metal
Plastic
Other Materials
By Application
Home Furniture
Office Furniture
Hospitality Furniture
Other Furniture
By Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels
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Indonesia Home Furniture Market Research Faqs

The Indonesia Home Furniture Market is projected to register a CAGR of greater than 6.33% during the forecast period (2024-2029)

VIVERE Group, Republic Furniture Jepara, Raisa House Of Excellence, Integra Group and IKEA are the major companies operating in the Indonesia Home Furniture Market.

The report covers the Indonesia Home Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Home Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Indonesia Home Furniture Industry Report

Statistics for the 2024 Indonesia Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Home Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Indonesia Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)