Market Size of Upholstered Furniture Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
