Market Overview:
The global upholstered furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising disposable income, increasing demand for comfort and luxury, and growing urbanization. In terms of type, the sofa segment is expected to hold the largest share in the global upholstered furniture market during the forecast period. This can be attributed to increasing demand for comfortable seating from consumers across all age groups.
Product Definition:
Upholstered Furniture is furniture that has been covered with a fabric or other material. This can include chairs, sofas, and other pieces of furniture. Upholstered Furniture is often used in homes and offices because it can be comfortable to sit on and it can add style to a room.
Sofa:
Sofa is a sofa bed, which is generally used as an item of furniture for seating or sleeping. It's size can vary from very small to extremely large and can be placed in different positions. The most common types of sofas are those that are designed with a backrest and two separate seats facing each other; some sofas have only one seat but the backrest is larger than the average chair.
Bed:
The global upholstered furniture market is expected to witness significant growth over the forecast period. The major factor that propels the demand for bed and it's usage in upholstered furniture is increasing spending on home improvement or home remodeling projects.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growing number of cafes, restaurants and hotels at global level is expected to promote the use of upholstered furniture with seats that can be converted into tables. Furthermore, an increase in tourism is likely to result in an increased number of hotels at global level which would subsequently boost product demand for hotel dĩcor during the forecast period.
Residential application segment was valued over USD 1 billion in 2017 owing to increasing product penetration for living room chairs and sofas as seating solutions within homes or residential apartments across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to the rising demand for aesthetically pleasing and comfortable furniture in homes across U.S., Canada, and Mexico. Moreover, growing trend of having a separate room for TV as well as video games is expected to have a positive impact on industry growth over the forecast period.
Asia Pacific upholstered furniture market is anticipated to witness significant growth over the forecast period owing to increasing number of hotels & resorts along with rapid development of residential construction sector in China, India, Indonesia, Malaysia Philippines Thailand Vietnam among other Southeast Asian countries will drive regional product demand over next eight years at an estimated CAGR exceeding 6%.
Growth Factors:
- Increasing disposable income of the population: The growth in the upholstered furniture market is majorly attributed to the increasing disposable income of the population, especially in developing countries. This has led to an increase in demand for high-end furniture products.
- Urbanization and modernization: There is a growing trend of urbanization and modernization across the globe, which is resulting in an increased demand for luxurious furniture products such as upholstered furniture.
- Rising consumer awareness about interior design: There is a growing awareness among consumers about interior design and its impact on lifestyle and well-being. This has led to an increase in demand for designer upholstered furniture products that offer better comfort and aesthetics.
- Growing popularity of home staging: Home staging has gained immense popularity over the past few years as it helps homeowners sell their homes at a higher price point by enhancing their appearance significantly. This has resulted in an increased demand for stylish upholstered furniture items that can help create a positive impression on potential buyers or tenants.. 5) Technological advancements: Furniture manufacturers are increasingly adopting new technologies such as 3D printing to develop innovative designs and improve product quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Upholstered Furniture Market Research Report
By Type
Sofa, Bed
By Application
Commercial, Residential
By Companies
Rowe Furniture, England Furniture, Lazar, Norwalk Furniture, United Furniture Industries, Lee Industries, Mayo Manufacturing, Inc., Palliser Furniture Upholstery Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Upholstered Furniture Market Report Segments:
The global Upholstered Furniture market is segmented on the basis of:
Types
Sofa, Bed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rowe Furniture
- England Furniture
- Lazar
- Norwalk Furniture
- United Furniture Industries
- Lee Industries
- Mayo Manufacturing, Inc.
- Palliser Furniture Upholstery Ltd.
Highlights of The Upholstered Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sofa
- Bed
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Upholstered Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Upholstered furniture is typically made from a variety of materials, including cloth, cotton, linen, or leather. The fabric is usually stretched over a wooden frame and then covered in padding or stuffing to make it comfortable to sit on or sleep on.
Some of the major companies in the upholstered furniture market are Rowe Furniture, England Furniture, Lazar, Norwalk Furniture, United Furniture Industries, Lee Industries, Mayo Manufacturing, Inc., Palliser Furniture Upholstery Ltd..
The upholstered furniture market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Upholstered Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Upholstered Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Upholstered Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Upholstered Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Upholstered Furniture Market Size & Forecast, 2020-2028
4.5.1 Upholstered Furniture Market Size and Y-o-Y Growth
4.5.2 Upholstered Furniture Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sofa
5.2.2 Bed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Upholstered Furniture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Upholstered Furniture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sofa
9.6.2 Bed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sofa
10.6.2 Bed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sofa
11.6.2 Bed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sofa
12.6.2 Bed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sofa
13.6.2 Bed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Upholstered Furniture Market: Competitive Dashboard
14.2 Global Upholstered Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rowe Furniture
14.3.2 England Furniture
14.3.3 Lazar
14.3.4 Norwalk Furniture
14.3.5 United Furniture Industries
14.3.6 Lee Industries
14.3.7 Mayo Manufacturing, Inc.
14.3.8 Palliser Furniture Upholstery Ltd.
