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

The Upholstered Furniture Market Report is Segmented by Type (chairs, Sofas, Tables, Beds, and Other Types), Application (Residential, Commercial), Distribution Channel (Online Retail, Offline Retail), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Market Size and Forecasts for the Upholstered Furniture Market are Provided in Terms of Value (USD) for all the Above Segments.

Upholstered Furniture Market Size

Upholstered Furniture Market Summary
Study Period 2020-2029
Market Size (2024) USD 122.59 Billion
Market Size (2029) USD 153.49 Billion
CAGR (2024 - 2029) 5.78 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

Upholstered Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Upholstered Furniture Market Analysis

The Upholstered Furniture Market size is estimated at USD 122.59 billion in 2024, and is expected to reach USD 153.49 billion by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).

Urbanization and lifestyle trends have opened up a number of growth prospects for the real estate sector, which is set to experience a boom in the years to come. With an expected increase in the number of homes in towns and cities, there will be an increase in the demand for home furnishing, including sofas. The real estate sector has also seen a surge in demand for office space and commercial spaces, such as hotels and restaurants. The Upholstered Furniture industry is expected to grow in the coming years with the modernization of homes and lifestyle trends because of its comfort factor. Upholstery furniture, like dining chairs, sofas, couches, lounges, etc., is widely used in residential and commercial areas. It has a unique character due to its versatility and durability.

Modern and contemporary furniture will dominate the market compared to traditional 3-piece suites. Modular and flexible furniture will give consumers an open living area and space. The fabric industry is undergoing many innovations and developments. There are many reasons why consumers choose to upholster their furniture. Neutral and plain color fabrics are at the top of the list. In the medium term, they are expected to continue to dominate the market in many regions of Europe. Grey shades, beige shades, and cream shades are the most popular shades for upholstery in the market.

Upholstered Furniture Market Trends

Growth in International Trade of Upholstered Furniture Products

The US and the North American markets are open to foreign products, and this is the main driver of the growth of Upholstered furniture. This has been the driving force of international trade for many years. The US market for upholstered fabricated products rapidly expanded after the Great Recession. Chairs and tables are the major imports of the US market for furniture products. After the U.S., Germany is Europe's biggest market for upholstery furniture. Germany is a net exporter, followed by countries such as France, the UK, and Switzerland.

Luxury & comfortable wooden furniture imports and exports are rising, as well as the need for lower capital investment for setting up furniture factories and developing online or e-commerce channels. However, market growth is hindered by a lack of skilled labor and a volatile economic climate.

Upholstered Furniture Market: Furniture Imports and Exports in the United States, In USD Billion2018-2022

Asia-Pacific is Dominating the Market, with China Leading the Upholstered Furniture Manufacturing

Asia-Pacific accounted for the highest revenue share of the global upturned furniture market. The region is also the one that is producing the most upturned furniture worldwide. China is one of the leading manufacturers of fabrics used in different types of fabric applications. China is also the largest exporter of upturned furniture around the world. Some of the fastest-growing countries for upturned furniture are China, India, and Indonesia. China has significantly increased upturned furniture production in the last ten years. The region accounts for a higher percentage of the manufacturing of upturned furniture. Europe and North America account for the remaining 38%, while other regions account for marginal proportions.

Upholstered Furniture Market, By Region, In %, 2022

Upholstered Furniture Industry Overview

The upholstered furniture market is fragmented due to many small- and large-scale manufacturers. Players, such as retailers, are spending heavily on advertising and promotion, as there is massive competition in the market. Digital e-commerce companies are giving intense competition to traditional retail chains. The major players dominating the market are Rowe Furniture, England Furniture, DFS Furniture PLC, Norwalk Furniture, and Lee Industries.

Upholstered Furniture Market Leaders

  1. Rowe Furniture

  2. England Furniture

  3. DFS Furniture PLC

  4. Norwalk Furniture

  5. Lee Industries

*Disclaimer: Major Players sorted in no particular order

Upholstered Furniture Market Concentration
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Upholstered Furniture Market News

  • October 2022: Marge Carson, a manufacturer of handcrafted furniture based in California, was purchased by Linly Designs, an interior design and retail business in Chicago. The Marge Carson furniture line is famous not just in the United States but also around the world for its high quality, proportional forms, and textiles in the industry.
  • January 2022: The Furniture Practice (TFP) acquired Bermondsey-based furniture consultants Operandum. The acquisition of the Operandum was considered an extremely good fit for TFP as it continues to expand its national and international reach.

Upholstered 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 DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 An Increase in the Building or Renovating of Homes Frequently Results in a Rise in the Demand for Furniture

      2. 4.2.2 Rising Demand for Sustainable and Eco-friendly Varieties

    3. 4.3 Market Restraints

      1. 4.3.1 High Maintenance Costs

      2. 4.3.2 Lack of Affordability

    4. 4.4 Market Opportunities

      1. 4.4.1 Trends in Customization

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

    7. 4.7 Insights on Technological Innovations in the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Chair

      2. 5.1.2 Sofas

      3. 5.1.3 Tables

      4. 5.1.4 Beds

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle East & Africa

    4. 5.4 Distribution Channel

      1. 5.4.1 Online Retail

      2. 5.4.2 Offline Retail

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Rowe Furniture

      2. 6.2.2 England Furniture

      3. 6.2.3 DFS Furniture PLC

      4. 6.2.4 Norwalk Furniture

      5. 6.2.5 Lee Industries

      6. 6.2.6 United Furniture Industries Inc.

      7. 6.2.7 Mayo Manufacturing Inc.

      8. 6.2.8 Hooker Furniture

      9. 6.2.9 Palliser Furniture Upholstery Ltd.

      10. 6.2.10 Ashley HomeStores Ltd.

      11. 6.2.11 Sherrill Furniture

      12. 6.2.12 Other Companies (Lazar, Ekornes ASA, Flexsteel Industries, Inc., Zoy Furniture, and American Furniture Manufacturing)*

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

  8. 8. DISCLAIMER AND ABOUT US

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Upholstered Furniture Industry Segmentation

Upholstered furniture refers to products where the fabric of the upholstery is in direct contact with padding materials, such as seats and interior surfaces.

The upholstered furniture market is segmented by type, application, distribution channel, and geography. By type, the market is segmented into chairs, sofas, tables, beds, and other types. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into online retail and offline retail, and by geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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

Type
Chair
Sofas
Tables
Beds
Other Types
Application
Residential
Commercial
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Distribution Channel
Online Retail
Offline Retail
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Upholstered Furniture Market Research FAQs

The Upholstered Furniture Market size is expected to reach USD 122.59 billion in 2024 and grow at a CAGR of 5.78% to reach USD 153.49 billion by 2029.

In 2024, the Upholstered Furniture Market size is expected to reach USD 122.59 billion.

Rowe Furniture, England Furniture, DFS Furniture PLC, Norwalk Furniture and Lee Industries are the major companies operating in the Upholstered Furniture Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Upholstered Furniture Market.

In 2023, the Upholstered Furniture Market size was estimated at USD 115.50 billion. The report covers the Upholstered Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Upholstered Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The major factors driving Upholstered Furniture Market growth are a) Technological integration in upholstered furniture, such as built-in USB ports, wireless charging, and smart functionalities b) Rising Demand for Sustainable and Eco-friendly Varieties

Upholstered Furniture Industry Report

The Upholstered Furniture Market is experiencing a robust expansion, driven by an array of factors across various segments. This surge is attributed to a global increase in disposable income, enhancing consumer demand for stylish and comfortable furniture. The proliferation of e-commerce platforms has made upholstered furniture more accessible, allowing consumers to easily browse and purchase a diverse selection of products online. Innovations in eco-friendly and durable materials are also contributing to market growth, aligning with modern consumer preferences. However, escalating material costs pose challenges to further expansion. Technological advancements, such as smart furniture features, are creating new growth opportunities, particularly in North America, which is leading the market with its innovative solutions. The Asia Pacific region is poised for steady growth, fueled by rapid urbanization and technological adoption. The market offers a variety of products, including chairs, sofas, tables, and beds, catering to both residential and commercial needs, through channels like hypermarkets, specialty stores, and online sales. For detailed insights, Mordor Intelligence™ Industry Reports provide an in-depth analysis, including market share, size, revenue growth rate, and a forecast outlook, available as a free report PDF download.

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