Market Overview:
The global living room 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, changing lifestyle and increasing demand for comfort and luxury furniture. The global living room furniture market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into wood, metals, plastic and others. Wood dominates the global living room furniture market due to its natural appearance and durability. Metals are gaining popularity due to their contemporary designs and low maintenance cost. Plastic is used for manufacturing affordable yet stylish furniture pieces. Others include rattan, wicker etc which are mainly used for outdoor applications owing to their weather resistant properties .On the basis of application, residential accounts for majority share in terms of revenue followed by commercial applications .
Product Definition:
The term "living room furniture" typically refers to a suite of furniture that includes a sofa, chairs, ottomans, and sometimes a loveseat. Traditionally, this suite was placed in the living room or great room of a home.
Living room furniture is important because it's often the first impression guests have of your home. It's also where you'll likely spend most of your time relaxing and socializing with family and friends. Therefore, it's important to choose pieces that are both comfortable and stylish.
Wood:
Wood is one of the most common materials used in furniture making. It can be classified as to whether it's a solid, semi-solid or a structural wood product. Solid wood products are those that are processed from individual trees and then shaped into logs; these can be further processed to make various furniture items such as dressers, chest of drawers, chairs and tables among others.
Metals:
Metals and it's usage in the living room furniture market is a vast category that includes aluminum, steel, iron, copper & brass. The metals used for making furniture are of two types: cast metal and forged metal. Cast metals are cheaper than forged metals but both have their own advantages & disadvantages; cast ones tend to be lighter in weight while the forged ones can offer better designs & shapes as well as they can be made into different shapes by melting and pouring them into a mold.
Application Insights:
The commercial application segment dominated the global living room furniture market, accounting for more than 70.0% share of the total revenue in 2017. The growth can be attributed to increasing number of cafes, bars and pubs at a global level. A significant increase in spending on home dƒ©cor and interior remodeling activities has also been contributing significantly to this segment¢â‚¬â„¢s growth over the past few years.
Residential application is expected to be one of the fastest-growing segments owing to rising demand for premium quality products with innovative designs and features that enhance lifestyle as well as improve aesthetic appeal of homes.
Regional Analysis:
Asia Pacific dominated the global living room furniture market in 2017. This is attributed to growing population, increasing disposable income and rapid urbanization across countries such as India, China, Indonesia and Malaysia. Moreover, rising number of nuclear families coupled with changing lifestyles has increased the demand for living room space by consumers which in turn is expected to drive regional growth over the forecast period.
Europe was valued at USD X billion in 2017 owing to high concentration of designers who are offering a variety of products including modular units that can be combined together as per requirement and design taste of consumers. North America accounted for a significant share due to growing trend towards customization among consumers along with increasing preference for modern designs incorporating natural materials such as wood or metal instead of plastic materialized furniture items found on mass production lines commonly available at low prices).
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 luxury living room furniture.
- Urbanization and migration: There is a trend of urbanization and migration, which is leading to an increase in the demand for living room furniture.
- Changing lifestyle and preferences: There is a change in the lifestyle and preferences of people, which is resulting in an increase in demand for modern living room furniture.
- Rising number of nuclear families: The number of nuclear families is rising, which is leading to an increased demand for small-sized living room furniture sets. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Living Room Furniture Market Research Report
By Type
Wood, Metals, plastic, others
By Application
Residential, Commercial
By Companies
IKEA, Bernhardt Furniture Company, Dyrlund, Leggett & Platt, Baxter, Cappellini, IPE-Cavalli, Flexsteel, Tropitone, Butler Woodcrafters, Skram Furniture, Knoll, Bestar, Herman Miller, Driade, Fontana Arte, MisuraEmme, NATUZZI
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Living Room Furniture Market Report Segments:
The global Living Room Furniture market is segmented on the basis of:
Types
Wood, Metals, plastic, others
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
Residential, Commercial
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:
- IKEA
- Bernhardt Furniture Company
- Dyrlund
- Leggett & Platt
- Baxter
- Cappellini
- IPE-Cavalli
- Flexsteel
- Tropitone
- Butler Woodcrafters
- Skram Furniture
- Knoll
- Bestar
- Herman Miller
- Driade
- Fontana Arte
- MisuraEmme
- NATUZZI
Highlights of The Living Room 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:
- Wood
- Metals
- plastic
- others
- By Application:
- Residential
- Commercial
- 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 Living Room 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?
Living room furniture is typically any furniture that is used in a living room. This could include chairs, sofas, coffee tables, and even lamps.
Some of the key players operating in the living room furniture market are IKEA, Bernhardt Furniture Company, Dyrlund, Leggett & Platt, Baxter, Cappellini, IPE-Cavalli, Flexsteel, Tropitone, Butler Woodcrafters, Skram Furniture, Knoll, Bestar, Herman Miller, Driade, Fontana Arte, MisuraEmme, NATUZZI.
The living room 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. Living Room 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. Living Room Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Living Room Furniture Market - Supply Chain
4.5. Global Living Room Furniture Market Forecast
4.5.1. Living Room Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Living Room Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Living Room Furniture Market Absolute $ Opportunity
5. Global Living Room 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. Living Room Furniture Market Size and Volume Forecast by Type
5.3.1. Wood
5.3.2. Metals
5.3.3. plastic
5.3.4. others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Living Room 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. Living Room Furniture Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Living Room 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. Living Room 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 Living Room 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. Living Room 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 Living Room Furniture Demand Share Forecast, 2019-2026
9. North America Living Room 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 Living Room 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 Living Room Furniture Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Living Room Furniture Market Size and Volume Forecast by Type
9.7.1. Wood
9.7.2. Metals
9.7.3. plastic
9.7.4. others
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 Living Room Furniture Demand Share Forecast, 2019-2026
10. Latin America Living Room 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 Living Room 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 Living Room Furniture Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Living Room Furniture Market Size and Volume Forecast by Type
10.7.1. Wood
10.7.2. Metals
10.7.3. plastic
10.7.4. others
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 Living Room Furniture Demand Share Forecast, 2019-2026
11. Europe Living Room 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 Living Room 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 Living Room Furniture Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Living Room Furniture Market Size and Volume Forecast by Type
11.7.1. Wood
11.7.2. Metals
11.7.3. plastic
11.7.4. others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1.10. Market Attractiveness/Growth 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 Living Room Furniture Demand Share, 2019-2026
12. Asia Pacific Living Room 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 Living Room 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 Living Room Furniture Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Living Room Furniture Market Size and Volume Forecast by Type
12.7.1. Wood
12.7.2. Metals
12.7.3. plastic
12.7.4. others
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 Living Room Furniture Demand Share, 2019-2026
13. Middle East & Africa Living Room 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 Living Room 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 Living Room Furniture Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Living Room Furniture Market Size and Volume Forecast by Type
13.7.1. Wood
13.7.2. Metals
13.7.3. plastic
13.7.4. others
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 Living Room Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Living Room Furniture Market: Market Share Analysis
14.2. Living Room Furniture Distributors and Customers
14.3. Living Room Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IKEA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bernhardt Furniture Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dyrlund
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Leggett & Platt
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Baxter
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cappellini
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IPE-Cavalli
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Flexsteel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tropitone
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Butler Woodcrafters
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Skram Furniture
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Knoll
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bestar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Herman Miller
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Driade
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fontana Arte
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MisuraEmme
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. NATUZZI
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
