Furniture

Global Furniture Market to Reach US$872.5 Billion by 2030

The global market for Furniture estimated at US$608.7 Billion in the year 2024, is expected to reach US$872.5 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2024-2030. Wood, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$335.5 Billion by the end of the analysis period. Growth in the Metal segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$131.7 Billion While China is Forecast to Grow at 8.4% CAGR

The Furniture market in the U.S. is estimated at US$131.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$159.3 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Furniture Market - Key Trends & Drivers Summarized

Furniture plays a crucial role in our daily lives, providing comfort, functionality, and aesthetic appeal in both residential and commercial settings. The furniture market encompasses a wide range of products, including living room sofas, dining tables, office desks, chairs, beds, and storage units. Furniture design and manufacturing have evolved significantly, incorporating various materials such as wood, metal, plastic, and glass to cater to diverse tastes and preferences. Ergonomics and functionality have become key considerations, especially in the context of office furniture, where there is a growing emphasis on creating productive and comfortable workspaces. Furniture not only serves practical purposes but also enhances the overall ambiance and style of interiors.

Technological advancements and changing consumer preferences have significantly impacted the furniture industry. Innovations in manufacturing processes, such as computer-aided design (CAD) and 3D printing, have enabled more precise and customized furniture designs. Smart furniture, integrated with features like wireless charging, adjustable settings, and connectivity to smart home systems, is gaining popularity among tech-savvy consumers. Additionally, the rise of e-commerce has transformed the way furniture is sold and purchased, with online platforms offering a wide variety of options and convenient delivery services. Sustainable practices are also influencing the market, with increasing demand for furniture made from eco-friendly materials and production methods that minimize environmental impact.

The growth in the furniture market is driven by several factors, including increasing urbanization, rising disposable incomes, and advancements in furniture technology. The rapid urbanization and expansion of residential and commercial spaces have led to a higher demand for furniture. Rising disposable incomes, particularly in emerging economies, have boosted consumer spending on home and office furnishings. Technological advancements, such as smart furniture and innovative manufacturing techniques, have expanded the range of available products, attracting a broader customer base. Additionally, the trend towards sustainable living has spurred demand for eco-friendly furniture options. As these trends continue to evolve, the furniture market is expected to experience sustained growth, driven by the need for functional, stylish, and sustainable furniture solutions.

SCOPE OF STUDY:

The report analyzes the Furniture market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Wood, Metal, Plastic, Glass, Other Materials); End-Use (Residential, Commercial)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 1080 Featured) -

• Ace Hardware Corporation
• Ac Pacific Corporation
• A.R.T. Furniture, Inc.
• AAA State of Play
• Abbyson Living
• Adams Manufacturing
• Agio International Co., Ltd.
• Alfa Dinettes, Inc.
• Alfresco Home LLC
• Allagash Wood Products, Inc.
• American Chair & Seating Corporation
• American Holtzkraft, Inc.
• ACTIU Berbegal y Formas S.A.
• Ak-47 S.R.L.
• 13CASA.COM Srl

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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