Upholstered Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented By Type (Chair, Sofas, Tables, Beds, and Other Types), By Application ( Residential, Commercial) and By Geography.

Market Snapshot

Upholstered Furniture Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %
Upholstered Furniture Market Major Players

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Market Overview

 Upholstered furniture is one of the fastest-growing segments among the global furniture industry. The upholstered furniture is the products where fabric is in close contact with padding materials such as seats and other internal surfaces. Trade of upholstered furniture resumed after the recession in 2019. An increase in consumers' purchasing power has led to the development of this market in leaps and bounds. Improvements in the standard of living of people and changing lifestyles are also driving the demand for such furniture in the market. Increase in building construction is also supporting the industry as new homes are built, they have new furniture requirements too.

The popularity of modern and contemporary furniture is expected to favor the market over traditional 3-piece suites. Other trends include modular and flexible furniture that allows consumers to have open living areas and spaces. There are numerous innovations and developments in the fabric industry that are driving the selection of upholstered fabric among consumers.

In terms of color, neutral and plain color fabrics stand at the core and are expected to remain popular in the medium term in many parts of Europe. Grey, beige, and cream shade fabrics are preferred by consumers in the upholstered furniture market.

 

Scope of the Report

The report on the upholstered furniture market provides a comprehensive evaluation of the market with market segmentation. The report also focuses on the exhaustive import/export trends, production and consumption data of the product, policies and plans, cost structures, and manufacturing processes. Moreover, the competitive profile of the key manufacturers, along with regional analysis, is also provided.

Type
Chair
Sofas
Tables
Beds
Other Types
Application
Residential
Commercial
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa

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Key Market Trends

The United States and Europe are Net Importers of Upholstered Furniture Products

The openness of US and North American markets toward foreign products acts as the main growth instrument for upholstered furniture, and this has been driving international trade for all these years. The market for upholstered furniture in the United States rapidly grew after the global recession. Only a few large and technologically equipped companies in the United States tend to supply the bulk of exports. Chairs and tables, among the furniture products, are the main imports by the US market. After the United States, Germany is the largest market for upholstered furniture in Europe. Germany is also a net importer followed by countries, like France, the United Kingdom, and Switzerland.

Upholstered Furniture Market Growth

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

Asia-Pacific region accounted for the largest revenue share in the global upholstered furniture market. It is also the region witnessing the largest production of upholstered furniture in the world. China is the top producer of fabrics that are utilized in various segments of fabric applications, along with being the leading exporter of the upholstered furniture in the globe. China, India, and Indonesia are among the fastest-growing areas in this region for upholstered furniture. China has experienced a large increase in the production of upholstered furniture in the past decade. The region also holds more than half of the share in the manufacturing of the upholstered furniture, followed by Europe and North- America, while other regions hold marginal share.

Upholstered Furniture Market Report

Competitive Landscape

The global upholstered furniture market is fragmented, due to the presence of a large number of small- and large-scale manufacturers in the market. Players, such as retailers, are spending heavily on advertising and promotion, as there is huge competition in the market. Digital e-commerce companies are giving strong competition to traditional retail chains.

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 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Technological Innovations

  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

  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 OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

**Subject to Availability

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Frequently Asked Questions

The Upholstered Furniture Market market is studied from 2016 - 2026.

The Upholstered Furniture Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

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

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