Home Furniture Market
Home Furniture Market Forecast by Product Type (Beds and Mattresses, Sofas and Armchairs, Entertainment Units, Storage Units, Upholstery, Tables, and Desks), by Material Type (Wooden, Metal, Glass, Plastic), by Sales Channel, by Region - Global Insights 2022 to 2032
Analysis of Home Furniture market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Home Furniture Market Outlook (2022 to 2032)
In FY 2021, the Home Furniture market reached a valuation of US$ 162.0 Billion, and is likely to register a Y-o-Y growth rate of 5.0% in 2022, closing at US$ 171.72 Billion. Furthermore, across the 2022 to 2032 period of assessment, growth is expected to accelerate at a whopping 6.0% CAGR, reaching US$ 307.52 Billion.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | US$ 162.0 Billion |
| Expected Market Value (2022) | US$ 171.72 Billion |
| Projected Forecast Value (2032) | US$ 307.52 Billion |
| Global Growth Rate (2022 to 2032) | 6.0% CAGR |
| Expected Growth Rate of Chinese Market (2022 to 2032) | 5.9% CAGR |
| Anticipated Growth Rate of the US Market (2022 to 2032) | 5.8% CAGR |
| Prominent Home Furniture Players | Ashley Furniture Industries; La-Z-Boy Incorporated; Flexsteel Industries Inc.; Inter Ikea Systems B.V.; Suofeiya Home Collection Co Ltd; Nitori Co Ltd; Basset Furniture Industries Inc.; Steinhoff International Holding N.V; Herman Miller Inc.; Kimball International, Inc.; Williams-Sonoma, Inc.; Berkshire Hathaway; Steelcase |
Home furniture refers to the category of products, which occupy the physical ambiance of a house. Home furnishing retailers include national chains and independent stores. The growing need for shifting and settling down has led to an upsurge in demand for home furniture.
Increasing demand for smart furniture is also projected to contribute toward the growth of the global home furniture market significantly. Increasing deterioration in the quality of the furniture has led customers to purchase home furniture, globally.
Low lending rates and the penetration of online stores in emerging economies may surge the global market share. The global market is highly adaptive as per the changing trends and observes increasing competition from new entrants.
The number of single- and two-person households has been increasing, resulting in the demand for small and portable furniture. Consumers have also been looking for multi-purpose, foldable, and technology-driven furniture, especially when it comes to living in smaller spaces.
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2017 to 2021 Revenue Analysis of Home Furniture Market vs. Growth Outlook 2022 to 2032
According to market research and competitive intelligence provider Fact.MR, the Home Furniture market experienced noteworthy growth, growing at a value CAGR of 2.4% from 2017 to 2021. Wherein, highly populated countries such as China, India, the U.S., and Brazil held significant share in the global market.
Increasing focus on decorating living spaces with creative furniture is one of the main factors boosting demand for premium quality home furniture. In addition, the market is benefiting from integration of smart sensing technology in furniture coupled with increased comfortable designs.
Due to the aforementioned trends and increased offerings, the global market for home furniture is projected to rise at a robust 6% CAGR during 2021 to 2032, and reach US$ 290 Bn by the end of this period.
Key Market Drivers Influencing Home Furniture Industry Expansion
Growing Demand for Sustainably-Made Furniture to Accelerate the Market Growth
Nowadays, people mainly suffer from skin irritation and breathing problems due to formaldehyde-based items. Therefore, to avoid such situations, consumers are shifting towards using formaldehyde-free sofa sets and chairs made up of sustainable materials such as recycled textiles, bamboos, rattan, and others.
For instance, in 2020, eBay Inc., an American e-commerce corporation, reported a surge of 171% in its search engine’s searches for the keyword ‘sustainable furniture’ over 2019 in the U.K. such a surge in the searches related to sustainable items will ease the market growth in future.
Moreover, the rising adoption of interior designs such as cubicles, anchoring points, and others among corporate infrastructural settings is likely to ease the demand for the newer style of home furnishing items in such settings. Increasing consumer leisure activities such as gardening and planting will provide newer opportunities for garden chairs & patio tables among such consumers.
In addition, growing PC & laptop gaming trends among people are likely to ease the consumer demand for ergonomically designed chairs and gaming tables worldwide.
Advent of Innovative & Luxurious Furniture Items to Foster Market Growth Prospects
Regular introduction of the companies' luxurious home amenities is likely to attract people to buy them, thereby driving the demand for such products. For instance, in February 2020, BAXTER, an Italian home fixture products company with its Indian supplier, Sources Unlimited, launched innovative, luxurious, and highly crafted fixture items in India.
Nowadays, companies focus on providing a customized product buying experience to their store visitors to effectively offer products based on their home design needs. This is likely to ease the brand image of the associated companies thereby, supporting the house furnishings market growth.
For instance, in August 2019, Natuzzi S.p.A., an Italian fixture products manufacturer, launched an augmented store as a part of its New York City’s Madison Avenue showroom to offer a virtual reality shopping experience to the showroom visitors. Users can wear Microsoft Corporation’s virtual reality headset HoloLens 2 to virtual setup fixture products of different colors & designs as per their home décor needs.
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Key Challenges encountered by Home Furniture Industry
Rising Demand for the Second-hand Furniture Items to Impede the Market Prospects
Nowadays, the middle-income group of the population mainly prefers to buy cost-effective, second-hand home furnishing items over luxurious items. This is expected to limit the growth of the market. Moreover, huge competition from the unorganized industry players in many countries across the globe is restraining the prominent companies' business growth. Fluctuating raw material prices and changing import & customs duties on fixture items in many countries worldwide is anticipated to pose challenges to the overall industry growth.
High Cost of the Home Furniture to Hamper the Market Prospects
The limited availability of skilled labor, longer product replacement cycles, and environmental concerns along with rising manufacturing cost will obstruct the growth of the wooden furniture market during the analyst period. Furthermore, the high cost and need to enhance supply chain visibility and effectiveness have the potential to challenge the growth of the target market.
Country-wise Analysis
How will the Growth of Home Furniture Market Escalate across China?
Increase in Number of Local Manufacturers to Enhance the Market Prospects
As per Fact.MR, the Chinese Home Furniture Market is slated to flourish at a CAGR of 5.9% until 2032. In 2020, China accounted for the lion’s share of the market, due to fact that urbanization levels reached 60.6% in 2019, attributed to ascending population and advancing number of local manufacturers in the country. A revenue share worth 60% is projected for the Chinese market.
Beijing, with the adoption of the economy scale of production concept, is not only capable of meeting regional demand but also stands as a leading supplier at reasonable prices. Regional manufacturers in other countries are facing problems to compete with Chinese players.
Aside from domestic sales, China's furniture exports have been steadily increasing. Exports of furniture and furniture parts totaled US$ 58.3 Bn in 2019, up 5.3% year-on-year, according to the Statistical Communiqué on the 2019 National Economic and Social Development. In 2019, per capita disposable income increased 8.9% over the previous year. The furniture market has grown tremendously as a result of this increasing purchasing power.
How will the U.S Perform in the Global Home Furniture Industry Landscape?
Increasing Trend of Studio Apartments in the US to Boost the Market Growth
As per Fact.MR, the Home Furniture Market in the US is slated to flourish at a CAGR of 5.8% until 2032. In the recent years, US has witnessed an upsurge in construction activities. This, in turn, has propelled the sales of home furniture. Availability of various customized furniture options is further boosting the sales of home furniture. In addition, studio apartments along with penthouse apartments has increased the demand of flexible and compact furniture.
Additionally, manufactures of home furniture offer a wide range of color pallets through the medium of books and websites to the consumers. This, in turn, has increased the viability of choosing furniture options. Thus, according to Fact.MR, due to the aforementioned factors, home furniture is expected to possess 25% market share throughout the US.
Country-wise Forecast CAGRs for the Home Furniture Market
| Country | CAGR |
|---|---|
| US | 5.8% |
| China | 5.9% |
| Japan | 5.7% |
| India | 5.8% |
| Germany | 5.7% |
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Category-wise Insights
Which is the Most Sought-after Product Type Category?
Beds & Mattresses Segment to Dominate the Home Furniture Market
According to projections published by Fact.MR, by product type, the Beds & Mattresses segment is forecast to register a 5.9% value CAGR across the 2022 to 2032.
Beds & mattresses accounted for a majority of market share with a valuation of US$ 30 Bn in 2019, and is expected to exceed US$ 43 Bn 2032, and is predicted to grow at promising CAGR of close to 5.9%. Prospects are especially lucrative for beds & mattresses designed to improve sleep posture and reduce structural deformities.
Prominent manufacturers are incorporating high-resilience (HR) foam, helping generate more durable and longer-lasting mattresses. Moreover, viscoelastic foams are used to improve pressure distribution while enhancing breathability and heat dissipation. Recently, in 2021, online sleep solutions brand Durfi launched a new line of hemp seed oil infused cotton candy memory foam mattresses in India which provides enhanced relaxation from anxiety, insomnia, depression, etc.
Which Segment to Remain Dominant in the Material Type Category?
Wooden Home Furniture Segment to Enhance Growth Prospects
By material type category, the wooden home furniture segment is anticipated to have the largest revenue share, which is expected to account a CAGR of over 5.8%. By material type, demand for wooden furniture is anticipated to remain highly prominent, attributed to their strength and durability and high aesthetic appeal.
Furthermore, rising sustainability concerns are prompting consumers to opt for more environmentally friendly furniture. A CAGR worth 5.8% is projected for this segment. A series of new product launches have peppered the wooden furniture landscape in recent months. For instance, in August 2021, Dusen Dusen introduced a limited edition collection of its Stine Aas Cleo chairs, incorporating a dye-finish which accentuates the natural tone and grain of its ash wood surface.
The Start-Up Ecosystem: How key Players are opening Frontiers for Future Growth?
Home furniture market players such as SlumberPod, Wakefit, Burrow, Oliver Space, Furlenco, Pabio, FlexFineer, Wooden Street, Maiden Home, and Feather, among others, are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base.
For instance :
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Founded in 2018, Burrow is an online furniture startup. The company’s inaugural product offerings were modular sofas, and they have since expanded to offer seating, rugs, and other home decor items. They tout no-tools assembly, free delivery, and minimal modern style. The company closed a $25M Series C funding round in early 2021 and plans to put the funds to use by growing its product offerings.
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Established in 2020, Furlenco allows customers to rent premium furniture, appliances, laptops and other electronics, fitness equipment, and more. The startup, which is currently focused on several Indian cities, touts quick deliveries and low monthly rates for rentals. In mid-2021, the company raised a sizable $140M in a Series D funding round from Zinnia Global Fund and others. With the financial injection, the company is eyeing expansion in the South Asian and international markets as well as a $300M revenue goal by 2026.
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Pabio is a furniture rental startup with the added benefit of interior design assistance. Customers can share their design preferences with designers, view a 3D model of the proposed designs, and have the selected furniture shipped to them. The Swiss company, which was rebranded from Koj to Pabio, was founded in May 2021.
Home Furniture Market- Competitive Landscape
Prominent players in the Home Furniture Industry are taking advantage of the rapidly increasing demand for the Home Furniture in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows :
- In August 2021, Flexsteel Industries Inc. announced the opening of a 4th manufacturing facility in Mexico, in Mexicali, which is expected to be the largest plant in the whole country. With this initiation, the company intends to double its volume output to US$ 1 billion over the next 4 years.
- In July 2021, La-Z-Boy Incorporated announced an investment of over US$ 30 million over a 2-year period in its Neosho, Missouri manufacturing facility, helping scale up production efficiency and shorten lead times for customers and consumers, as well as strengthening their manufacturing footprint.
- In March 2021, the Ashley Furniture Industries announced plans to initiate a new manufacturing facility in Pottsville, Pennsylvania. The new 100,000 square feet facility will serve as a furniture production site. This latest addition augments its already existing network of 11 production facilities servicing the US.
- In May 2020, Theodore Alexander USA, Inc., a console table and chair products manufacturer, partnered with Ralph Lauren Corporation, U.S. based fashion products company, to expand its business through the partner’s fashion stores in the US.
Key Segments Covered in the Home Furniture Industry Survey
-
By Product Type :
- Beds and Mattresses
- Sofas and Armchairs
- Entertainment Units
- Storage Units
- Upholstery
- Tables and Desks
- Dining Home Furniture
- Kitchen Home Furniture
- Others
-
By Material Type :
- Wooden Home Furniture
- Metal Home Furniture
- Glass Home Furniture
- Plastic Home Furniture
- Others
-
By Sales Channel :
- Retail Stores
- Direct to Consumers
- Manufacturer Stores
- e-Commerce Stores
- Discount stores
- Rental Stores
- Club Stores
- DIY Stores
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
Table of Content
- 1. Market Overview
- 2. Market Risks & Trends Assessment
- 3. Market Background and Foundation Data Points
- 4. Global Market Demand (in Value US$ Bn) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product
- 5.1. Bed And Mattress
- 5.2. Sofa And Armchair
- 5.3. Entertainment Units
- 5.4. Storage Units
- 5.5. Upholstery
- 5.6. Table And Desks
- 5.7. Dining
- 5.8. Kitchen
- 5.9. Others
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material Type
- 6.1. Wood
- 6.2. Metal
- 6.3. Glass
- 6.4. Plastic
- 6.5. Others
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel
- 7.1. Retail Stores
- 7.2. Direct to Consumer
- 7.3. Manufacturer Stores
- 7.4. E-commerce Stores
- 7.5. Discount stores
- 7.6. Rental Stores
- 7.7. Club Stores
- 7.8. DIY Stores
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. Japan
- 8.5. APEJ
- 8.6. Middle East and Africa (MEA)
- 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Japan Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. APEJ Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Middle East and Africa (MEA) Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Ashley Furniture Industries
- 17.2. La-Z-Boy Incorporated
- 17.3. Flexsteel Industries, Inc
- 17.4. Inter Ikea Systems B.V.
- 17.5. Suofeiya Home Collection Co Ltd
- 17.6. Nitori Co Ltd
- 17.7. Basset Furniture Industries Inc
- 17.8. Steinhoff International Holding N.V
- 17.9. Herman Miller Inc
- 17.10. Kimball International, Inc.
- 17.11. Williams-Sonoma, Inc
- 17.12. Berkshire Hathaway
- 17.13. Steelcase
- 17.14. Others
- 18. Appendix
- 19. Research Approach
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List Of Table
Table No. 01. Global Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 02. Global Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 03. Global Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 04. Global Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 05. Global Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 06. Global Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 07. Global Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 08. Global Market Value (US$ Bn) Analysis, by Region, 2022 to 2032
Table No. 09. Global Market Volume ('000 Units) Analysis, by Region, 2017 to 2021
Table No. 10. Global Market Volume ('000 Units) Analysis, by Region, 2022 to 2032
Table No. 11. North America Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 12. North America Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 13. North America Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 14. North America Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 15. North America Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 16. North America Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 17. North America Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 18. North America Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
Table No. 19. North America Market Volume ('000 Units) Analysis, by Region, 2017 to 2021
Table No. 20. North America Market Volume ('000 Units) Analysis, by Region, 2022 to 2032
Table No. 21. Latin America Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 22. Latin America Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 23. Latin America Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 24. Latin America Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 25. Latin America Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 26. Latin America Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 27. Latin America Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 28. Latin America Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
Table No. 29. Latin America Market Volume ('000 Units) Analysis, by Region, 2017 to 2021
Table No. 30. Latin America Market Volume ('000 Units) Analysis, by Region, 2022 to 2032
Table No. 31. Europe Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 32. Europe Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 33. Europe Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 34. Europe Market Value (US$ Bn) Analysis, by Material Type, 2022 to 2032
Table No. 35. Europe Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 36. Europe Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 37. Europe Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 38. Europe Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
Table No. 39. Europe Market Volume ('000 Units) Analysis, by Country, 2017 to 2021
Table No. 40. Europe Market Volume ('000 Units) Analysis, by Country, 2022 to 2032
Table No. 41. Japan Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 42. Japan Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 43. Japan Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 44. Japan Market Value (US$ Bn) Analysis, by Material Type, 2022 to 2032
Table No. 45. Japan Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 46. Japan Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 47. Japan Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 48. Japan Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
Table No. 49. Japan Market Volume ('000 Units) Analysis, by Country, 2017 to 2021
Table No. 50. Japan Market Volume ('000 Units) Analysis, by Country, 2022 to 2032
Table No. 51. APEJ Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 52. APEJ Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 53. APEJ Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 54. APEJ Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 55. APEJ Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 56. APEJ Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 57. APEJ Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 58. APEJ Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
Table No. 59. APEJ Market Volume ('000 Units) Analysis, by Country, 2017 to 2021
Table No. 60. APEJ Market Volume ('000 Units) Analysis, by Country, 2022 to 2032
Table No. 61. MEA Market Value (US$ Bn) Analysis, by Type, 2017 to 2021
Table No. 62. MEA Market Value (US$ Bn) Analysis, by Type, 2022 to 2032
Table No. 63. MEA Market Value (US$ Bn) Analysis, By Material Type, 2017 to 2021
Table No. 64. MEA Market Value (US$ Bn) Analysis, by Sales Channel, 2022 to 2032
Table No. 65. MEA Market Value (US$ Bn) Analysis, By Sales Channel , 2017 to 2021
Table No. 66. MEA Market Value (US$ Bn) Analysis, by Sales Channel , 2022 to 2032
Table No. 67. MEA Market Value (US$ Bn) Analysis, By Region , 2017 to 2021
Table No. 68. MEA Market Value (US$ Bn) Analysis, by Country, 2017 to 2021
Table No. 69. MEA Market Value (US$ Bn) Analysis, by Country, 2022 to 2032
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List Of Figures
Figure No 01. Global Market Value (US$ Bn) Analysis, 2017, 2022 and 2032
Figure No 02. lobal Market Value (US$ Bn) Scenario Forecast, 2022 & 2032
Figure No 03. lobal Pricing Analysis - By Type
Figure No 04. lobal Market Value (US$ Bn) Forecast and Analysis, 2017 to 2021
Figure No 05. lobal Market Value (US$ Bn), Forecast and Analysis, 2022 to 2032
Figure No 06. lobal Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 07. lobal Market Incremental $ Opportunity, 2022 to 2032
Figure No 08. lobal Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 09. lobal Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 10. Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 11. Global Market Type Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 12. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 13. Global Market Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 14. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 15. Global Market Type Market Value (US$ Bn) Forecast, 2017 to 2032
Figure No 16. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 17. Global Market Type Market Value (US$ Bn) Forecast, 2017 to 2032
Figure No 18. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 19. Global Market Product Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 20. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 21. Global Market Product Market Value (US$ Bn) Forecast, 2017 to 2032
Figure No 22. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 23. Global Market Type Market Value (US$ Bn) Forecast, 2017 to 2032
Figure No 24. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 25. Global Market Product Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 26. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 27. Global Market Product Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 28. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 29. Global Market Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 30. Global Market Product Incremental $ Opportunity, 2022 to 2032
Figure No 31. Global Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 32. Global Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 33. Global Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 34. Global Market Sales Channel, (US$ Bn) and Forecast, 2017 to 2032
Figure No 35. Global Market Incremental $ Opportunity, 2022 to 2032
Figure No 36. Global Market Material Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 37. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 38. Global Market Material Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 39. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 40. Global Market Material Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 41. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 42. Global Market Material Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 43. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 44. Global Market Material Type Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 45. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 46. Global Market Material Type, Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 47. Global Market Material Type Incremental $ Opportunity, 2022 to 2032
Figure No 48. Global Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 49. Global Market Y-o-Y Growth Projections by Sales Channel , 2017 to 2032
Figure No 50. Global Market Attractiveness Analysis by Sales Channel ,2022 to 2032
Figure No 51. Global Market Sales Channel, Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 52. Global Market Sales Channel, Incremental $ Opportunity, 2022 to 2032
Figure No 53. Global Market Sales Channel, Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 54. Global Market Sales Channel, Incremental $ Opportunity, 2022 to 2032
Figure No 55. Global Market Share and BPS Analysis by Region - 2022 & 2032
Figure No 56. Global Market Y-o-Y Growth Projections by Region , 2017 to 2032
Figure No 57. Global Market Attractiveness Analysis by Region,2022 to 2032
Figure No 58. Global Market by Region , North America Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 59. Global Market By Region, North America Incremental $ Opportunity, 2022 to 2032
Figure No 60. Global Market by Region ,Latin America Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 61. Global Market By Region, Latin America Incremental $ Opportunity, 2022 to 2032
Figure No 62. Global Market by Region , Europe Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 63. Global Market By Region, Europe Incremental $ Opportunity, 2022 to 2032
Figure No 64. Global Market by Region , Japan Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 65. Global Market By Region, Japan Incremental $ Opportunity, 2022 to 2032
Figure No 66. Global Market by Region , APEJ Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 67. Global Market By Region, APEJ Incremental $ Opportunity, 2022 to 2032
Figure No 68. Global Market by Region , South Asia Market Value (US$ Bn) and Forecast, 2017 to 2032
Figure No 69. Global Market By Region, South Asia Incremental $ Opportunity, 2022 to 2032
Figure No 70. North America Market Value (US$ Bn) Forecast and Analysis, 2017 to 2021
Figure No 71. North America Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 72. North America Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 73. North America Market Incremental $ Opportunity, 2022 to 2032
Figure No 74. North America Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 75. North America Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 76. North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 77. North America Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 78. North America Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 79. North America Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 80. North America Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 81. North America Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 82. North America Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 83. North America Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 84. North America Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 85. North America Market Attractiveness Analysis by Country,2022 to 2032
Figure No 86. Latin America Market Value (US$ Bn) Forecast and Analysis, 2017 to 2021
Figure No 87. Latin America Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 88. Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 89. Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure No 90. Latin America Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 91. Latin America Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 92. Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 93. Latin America Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 94. Latin America Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 95. Latin America Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 96. Latin America Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 97. Latin America Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 98. Latin America Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 99. Latin America Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 100. Latin America Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 101. Latin America Market Attractiveness Analysis by Country,2022 to 2032
Figure No 102. Europe Market Value (US$ Bn), Volume (Unit) Forecast and Analysis, 2017 to 2021
Figure No 103. Europe Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 104. Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 105. Europe Market Incremental $ Opportunity, 2022 to 2032
Figure No 106. Europe Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 107. Europe Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 108. Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 109. Europe Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 110. Europe Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 111. Europe Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 112. Europe Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 113. Europe Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 114. Europe Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 115. Europe Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 116. Europe Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 117. Europe Market Attractiveness Analysis by Country,2022 to 2032
Figure No 118. Japan Market Value (US$ Bn), Forecast and Analysis, 2017 to 2021
Figure No 119. Japan Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 120. Japan Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 121. Japan Market Incremental $ Opportunity, 2022 to 2032
Figure No 122. Japan Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 123. Japan Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 124. Japan Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 125. Japan Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 126. Japan Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 127. Japan Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 128. Japan Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 129. Japan Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 130. Japan Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 131. Japan Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 132. Japan Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 133. Japan Market Attractiveness Analysis by Country,2022 to 2032
Figure No 134. APEJ Market Value (US$ Bn), Forecast and Analysis, 2017 to 2021
Figure No 135. APEJ Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 136. APEJ Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 137. APEJ Market Incremental $ Opportunity, 2022 to 2032
Figure No 138. APEJ Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 139. APEJ Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 140. APEJ Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 141. APEJ Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 142. APEJ Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 143. APEJ Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 144. APEJ Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 145. APEJ Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 146. APEJ Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 147. APEJ Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 148. APEJ Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 149. APEJ Market Attractiveness Analysis by Country,2022 to 2032
Figure No 150. MEA Market Value (US$ Bn), Forecast and Analysis, 2017 to 2021
Figure No 151. MEA Market Value (US$ Bn) Forecast and Analysis, 2022 to 2032
Figure No 152. MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure No 153. MEA Market Incremental $ Opportunity, 2022 to 2032
Figure No 154. MEA Market Share and BPS Analysis by Product Type - 2022 & 2032
Figure No 155. MEA Market Y-o-Y Growth Projections by Type , 2017 to 2031
Figure No 156. MEA Market Attractiveness Analysis by Type, 2022 to 2032
Figure No 157. MEA Market Share and BPS Analysis by Material Type - 2022 & 2032
Figure No 158. MEA Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 159. MEA Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 160. MEA Market Share and BPS Analysis by Sales Channel - 2022 & 2032
Figure No 161. MEA Market Y-o-Y Growth Projections by Material Type , 2017 to 2032
Figure No 162. MEA Market Attractiveness Analysis by Material Type,2022 to 2032
Figure No 163. MEA Market Share and BPS Analysis by Country- 2022 & 2032
Figure No 164. MEA Market Y-o-Y Growth Projections by Country , 2017 to 2032
Figure No 165. MEA Market Attractiveness Analysis by Country,2022 to 2032
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- FAQs -
What is the expected closing market value for Home Furniture in 2032?
By 2032, the Home Furniture landscape is slated to reach a valuation of US$ 307.52 Billion.
At what value will the Home Furniture market close in 2022?
As of 2022, Fact.MR expects the Home Furniture industry to be valued at US$ 171.72 Billion.
From 2017-2021, what was the documented growth rate for the Home Furniture market?
According to Fact.MR, a CAGR of 2.4% was recorded for the Home Furniture market from 2017-2021.
At what percentage will the industry expand during the 2022-2032 period of assessment?
From 2022 to 2032, the Home Furniture industry is poised to flourish at an 6.0% CAGR.
How will the US market for Home Furniture flourish until 2032?
As per Fact.MR’s projections, the market for Home Furniture in the US will likely expand at a 5.8% CAGR.
By product type, which segment is likely to experience the fastest growth rate?
Beds & Mattresses Home Furniture Segment is expected to grow the fastest, at a CAGR of 5.9%.
Which is the most preferred material type category of Home Furniture?
By material type, the Wooden Home Furniture segment is expected to dominate the market, documenting a 5.8% value CAGR.
What will be the growth scenario for the market in China until 2032?
China is poised to yield a CAGR of 5.9% with respect to Home Furniture in 2032.
What was the market worth for Home Furniture in 2021?
As of 2021, the Home Furniture market was valued at US$ 162.0 Billion.
Home Furniture Market