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Furniture Market Size, Share & Trends Analysis Report By Product (Bedroom Furniture, Seating Furniture, Storage Furniture), By Material (Metal, Wood, Plastic, Glass), By Application, By Region and Segment Forecasts, 2025 - 2033

Publisher Grand View Research
Published Jun 24, 2025
Length 110 Pages
SKU # GV20192405

Description

Furniture Market Growth & Trends

The global furniture market is expected to reach USD 1334.08 billion by 2033, expanding at a CAGR of 6.8% in the forecast period from 2025 to 2033. The market is driven by growing demand for home furnishings, growth in the real estate sector, and shifting consumer preferences toward modular, sustainable, and technology-integrated furniture solutions.

Technological advancements are significantly transforming the furniture industry. Smart furniture with IoT (Internet of Things) features, such as desks with wireless charging or beds that track sleep patterns, is becoming increasingly popular. These innovations offer greater convenience and cater to consumers’ growing preference for tech-integrated lifestyles. A notable example is the Sleep Number 360 Smart Bed, which uses built-in sensors to monitor sleep, automatically adjust firmness, and deliver health insights through a connected app.

Growing environmental concerns and increased awareness of sustainable living drive furniture manufacturers to embrace eco-friendly materials and production methods. Consumers are showing a strong preference for recyclable, biodegradable, and responsibly sourced materials. This shift fuels the demand for "green furniture," emphasizing environmental responsibility. Such furniture often incorporates reclaimed wood, bamboo, rattan, or FSC-certified timber. A notable example is Emeco, a U.S.-based company recognized for its iconic "Navy Chair," now produced using recycled aluminum. Emeco also creates chairs from reclaimed Coca-Cola PET bottles, showcasing how waste can be transformed into durable, high-quality furniture.

Furniture Market Report Highlights
  • The rapid demand for storage furniture, such as wardrobes, shelves, and TV stands, is driven by urbanization, smaller living spaces, and shifting lifestyles. Consumers seek compact, multifunctional solutions to maximize space, especially post-pandemic, as home improvement spending increases. Tech integration, sustainability, and DIY trends further influence buying preferences.
  • In 2024, the wood segment accounted for the largest share of industry revenue. This growth is expected to continue, driven by wood’s status as a naturally abundant raw material widely used to manufacture nearly all types of furniture globally. Wooden furniture is mainly crafted from processed raw timber, with the primary kinds of wooden panels including plywood, fiberboard, and particleboard.
  • The residential segment is expected to experience significant growth over the forecast period, driven by rising demand for living room and bedroom furniture and an increase in government-led real estate construction projects, particularly in urban areas. For example, in India, the Ministry of Housing and Urban Affairs is key in initiating and approving infrastructure development in urban towns and major metropolitan cities.
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Table of Contents

110 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Materials & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Product Outlook
2.3. Material Outlook
2.4. Application Outlook
2.5. Regional Outlook
2.6. Competitive Landscape Snapshot
Chapter 3. Furniture Market Variables and Trends
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Booking Channel Analysis & Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunities
3.5.4. Market Challenges
3.6. Industry Analysis Tools
3.6.1. Porter’s Five Forces Analysis
3.7. Market Entry Strategies
Chapter 4. Furniture Market: Product Estimates & Trend Analysis
4.1. Furniture Market, By Product: Key Takeaways
4.2. Product Type Movement Analysis & Market Share, 2024 & 2033
4.3. Market Estimates & Forecasts, by Product Type, 2021 - 2033 (USD Billion)
4.3.1. Bedroom furniture
4.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.2. Mattresses
4.3.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.3. Beds
4.3.1.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.4. Nightstands
4.3.1.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2. Seating Furniture
4.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.2. Chairs
4.3.2.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.3. Sofa and couches
4.3.2.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.4. Others ( lounges and recliners, etc.)
4.3.2.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3. Storage Furniture
4.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.2. Wardrobes and dressers
4.3.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.3. Cabinets and shelves
4.3.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.4. TV stands/ entertainment units
4.3.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.5. Others (Drawers, Chests, etc.)
4.3.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.4. Desk and Tables
4.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.5. Others
4.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 2. Furniture Market: Material Estimates & Trend Analysis
2.1. Furniture Market, By Material: Key Takeaways
2.2. Material Movement Analysis & Market Share, 2024 & 2033
2.3. Market Estimates & Forecasts, by Material, 2021 - 2033 (USD Billion)
2.3.1. Metal
2.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
2.3.2. Wood
2.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
2.3.3. Plastic
2.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
2.3.4. Glass
2.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
2.3.5. Others
2.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 3. Furniture Market: Application Estimates & Trend Analysis
3.1. Furniture Market, By Application: Key Takeaways
3.2. Application Movement Analysis & Market Share, 2024 & 2033
3.3. Market Estimates & Forecasts, by Application, 2021 - 2033 (USD Billion)
3.3.1. Residential
3.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
3.3.2. Commercial
3.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 4. Furniture Market: Regional Estimates & Trend Analysis
4.1. Furniture Market: Regional Outlook
4.2. Regional Marketplaces: Key Takeaways
4.3. Market Estimates & Forecasts, by Region, 2021 - 2033 (USD Billion)
4.3.1. North America
4.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.2. U.S.
4.3.1.2.1. Key country dynamics
4.3.1.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.3. Canada
4.3.1.3.1. Key country dynamics
4.3.1.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.1.4. Mexico
4.3.1.4.1. Key country dynamics
4.3.1.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2. Europe
4.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.2. Germany
4.3.2.2.1. Key country dynamics
4.3.2.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.3. UK
4.3.2.3.1. Key country dynamics
4.3.2.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.4. France
4.3.2.4.1. Key country dynamics
4.3.2.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.5. Italy
4.3.2.5.1. Key country dynamics
4.3.2.5.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.2.6. Spain
4.3.2.6.1. Key country dynamics
4.3.2.6.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3. Asia Pacific
4.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.2. China
4.3.3.2.1. Key country dynamics
4.3.3.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.3. India
4.3.3.3.1. Key country dynamics
4.3.3.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.3.4. Japan
4.3.3.4.1. Key country dynamics
4.3.3.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.4. Middle East & Africa
4.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.4.2. South Africa
4.3.4.2.1. Key country dynamics
4.3.4.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.4.3. Saudi Arabia
4.3.4.3.1. Key country dynamics
4.3.4.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.5. Central & South America
4.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.5.2. Brazil
4.3.5.2.1. Key country dynamics
4.3.5.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
4.3.5.3. Argentina
4.3.5.3.1. Key country dynamics
4.3.5.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 5. Furniture Market: Competitive Analysis
5.1. Recent Developments & Impact Analysis by Key Market Participants
5.2. Company Categorization
5.3. Participant’s Overview
5.4. Financial performance
5.5. Product Benchmarking
5.6. Company Market Share Analysis, 2024 (%)
5.7. Company Heat Map Analysis, 2024
5.8. Strategy Mapping
5.9. Company Profiles
5.9.1. IKEA Systems B.V.
5.9.1.1. Company Overview
5.9.1.2. Financial performance
5.9.1.3. Product Portfolios
5.9.1.4. Strategic Initiatives
5.9.2. Ashley Furniture Industries, LLC
5.9.2.1. Company Overview
5.9.2.2. Financial performance
5.9.2.3. Product Portfolios
5.9.2.4. Strategic Initiatives
5.9.3. RH (Restoration Hardware)
5.9.3.1. Company Overview
5.9.3.2. Financial performance
5.9.3.3. Product Portfolios
5.9.3.4. Strategic Initiatives
5.9.4. Williams-Sonoma, Inc.
5.9.4.1. Company Overview
5.9.4.2. Financial performance
5.9.4.3. Product Portfolios
5.9.4.4. Strategic Initiatives
5.9.5. La-Z-Boy Inc.
5.9.5.1. Company Overview
5.9.5.2. Financial performance
5.9.5.3. Product Portfolios
5.9.5.4. Strategic Initiatives
5.9.6. Raymour & Flanigan
5.9.6.1. Company Overview
5.9.6.2. Financial performance
5.9.6.3. Product Portfolios
5.9.6.4. Strategic Initiatives
5.9.7. American Signature
5.9.7.1. Company Overview
5.9.7.2. Financial performance
5.9.7.3. Product Portfolios
5.9.7.4. Strategic Initiatives
5.9.8. Oppein Home Group Inc.
5.9.8.1. Company Overview
5.9.8.2. Financial performance
5.9.8.3. Product Portfolios
5.9.8.4. Strategic Initiatives
5.9.9. Jason Furniture (HangZhou) Co., Ltd
5.9.9.1. Company Overview
5.9.9.2. Financial performance
5.9.9.3. Product Portfolios
5.9.9.4. Strategic Initiatives
5.9.10. Steelcase Inc.
5.9.10.1. Company Overview
5.9.10.2. Financial performance
5.9.10.3. Product Portfolios
5.9.10.4. Strategic Initiatives

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