Market Overview:
The global home 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 various factors such as increasing disposable income, growing urban population, and rising demand for home improvement and renovation projects. The living room furniture segment is expected to dominate the global home furniture market with a share of more than 35%. This can be attributed to the increasing trend of interior decoration and rising demand for comfortable seating arrangements in homes. The bedroom furniture segment is projected to grow at a CAGR of 6% during the forecast period owing to an increase in residential construction activities across the globe. Regionally, North America dominates the global home furniture market with a share of more than 30%. This can be attributed to high consumer spending on home furnishings coupled with an increase in residential construction activities in this region.
Product Definition:
Home Furniture is a type of furniture that is typically used in a home. It includes items such as couches, chairs, tables, beds, and dressers. Home furniture is important because it provides a place for people to sit down and relax, as well as places to store their belongings.
Living Room Furniture:
The living room furniture is a group of items used in the interior of a house for doing various activities such as watching television, reading newspapers or books, playing video games, and listening to music. The main function of this room is to provide an ambiance or setting that is comfortable and convenient for spending time together (family)in front of the TV.
Bedroom Furniture:
Bedroom furniture is the equipment and goods required for making a bed, such as a mattress, pillowcases, bed linen (comforter, sheets & pillowcases), and other decorative items. The bedroom furniture market includes products used in both - new houses as well as replacement of old ones. In addition to this it also includes the use of bedroom furniture in hotels/motels etc., which are mostly used by guests or tourists.
Application Insights:
The online retail segment dominated the global home furniture market, accounting for more than 55.0% share of the total revenue in 2017. The growth of this segment is attributed to factors such as increasing internet penetration and rising spending capacity of consumers on online shopping due to convenient product availability at their doorsteps. Moreover, companies are also expanding their distribution channels by setting up permanent showrooms in order to reach a wider customer base.
Offline retail accounted for 44.0% share of the total revenue in 2017 owing to high initial investment required for opening stores and other distribution channels such as e-commerce platforms charging extra shipping cost which may result in low consumer footfall resulting less sales per day or week.
Regional Analysis:
Asia Pacific dominated the global home furniture market in 2017. The growth is attributed to increasing disposable income, growing population of millennials and rising real estate sector in the region. In addition, changing lifestyles and rapid urbanization are expected to drive demand for home furniture over the forecast period.
North America accounted for a significant share in terms of revenue generation followed by Europe due to increased spending on furnishing activities coupled with growing consumer awareness regarding quality standards associated with various types of home furniture including durability, comfortability, aesthetic appeal among others. Moreover, presence or upcoming projects from companies such as Wayfair; IKEA; DIFFERENT FURNITURE COMPANY LLC.; HOMEDEPOT FURNITURE; BRUNDLE GmbH & Co.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for home furniture.
- Urbanization and migration: There is a trend of urbanization and migration, which is leading to an increase in demand for home furniture.
- Changing lifestyle and preferences: There is a change in lifestyle and preferences, which is resulting in an increase in demand for home furniture.
- Rising number of nuclear families: The number of nuclear families is rising, which is resulting in an increase in demand for home furniture. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Furniture Market Research Report
By Type
Living Room Furniture, Bedroom Furniture, Storage Furniture
By Application
Online Retail, Offline Retail
By Companies
Ashley Furniture HomeStore, La-Z-Boy, IKEA, Williams-Sonoma, Rooms To Go, Mattress Firm
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Home Furniture Market Report Segments:
The global Home Furniture market is segmented on the basis of:
Types
Living Room Furniture, Bedroom Furniture, Storage Furniture
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
Online Retail, Offline Retail
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:
- Ashley Furniture HomeStore
- La-Z-Boy
- IKEA
- Williams-Sonoma
- Rooms To Go
- Mattress Firm
Highlights of The Home 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:
- Living Room Furniture
- Bedroom Furniture
- Storage Furniture
- By Application:
- Online Retail
- Offline Retail
- 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 Home 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?
Home furniture is any piece of furniture that is used in a home. This can include items like chairs, tables, sofas, and beds.
Some of the major companies in the home furniture market are Ashley Furniture HomeStore, La-Z-Boy, IKEA, Williams-Sonoma, Rooms To Go, Mattress Firm.
The home furniture market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Furniture Market - Supply Chain
4.5. Global Home Furniture Market Forecast
4.5.1. Home Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Furniture Market Absolute $ Opportunity
5. Global Home Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Furniture Market Size and Volume Forecast by Type
5.3.1. Living Room Furniture
5.3.2. Bedroom Furniture
5.3.3. Storage Furniture
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Furniture Market Size and Volume Forecast by Application
6.3.1. Online Retail
6.3.2. Offline Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Furniture Demand Share Forecast, 2019-2026
9. North America Home Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Furniture Market Size and Volume Forecast by Application
9.4.1. Online Retail
9.4.2. Offline Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Furniture Market Size and Volume Forecast by Type
9.7.1. Living Room Furniture
9.7.2. Bedroom Furniture
9.7.3. Storage Furniture
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Furniture Demand Share Forecast, 2019-2026
10. Latin America Home Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Furniture Market Size and Volume Forecast by Application
10.4.1. Online Retail
10.4.2. Offline Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Furniture Market Size and Volume Forecast by Type
10.7.1. Living Room Furniture
10.7.2. Bedroom Furniture
10.7.3. Storage Furniture
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Furniture Demand Share Forecast, 2019-2026
11. Europe Home Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Furniture Market Size and Volume Forecast by Application
11.4.1. Online Retail
11.4.2. Offline Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Furniture Market Size and Volume Forecast by Type
11.7.1. Living Room Furniture
11.7.2. Bedroom Furniture
11.7.3. Storage Furniture
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Groth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Furniture Demand Share, 2019-2026
12. Asia Pacific Home Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Furniture Market Size and Volume Forecast by Application
12.4.1. Online Retail
12.4.2. Offline Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Furniture Market Size and Volume Forecast by Type
12.7.1. Living Room Furniture
12.7.2. Bedroom Furniture
12.7.3. Storage Furniture
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Furniture Demand Share, 2019-2026
13. Middle East & Africa Home Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Furniture Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Furniture Market Size and Volume Forecast by Application
13.4.1. Online Retail
13.4.2. Offline Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Furniture Market Size and Volume Forecast by Type
13.7.1. Living Room Furniture
13.7.2. Bedroom Furniture
13.7.3. Storage Furniture
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Furniture Market: Market Share Analysis
14.2. Home Furniture Distributors and Customers
14.3. Home Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashley Furniture HomeStore
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. La-Z-Boy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IKEA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Williams-Sonoma
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rooms To Go
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mattress Firm
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
