Home Furniture Market Report 2025 (Global Edition)

Global Home Furniture Market Report 2025 Market Size Split by Product Type (Beds and Mattresses, Sofas and Armchairs, Entertainment Units, Storage Units, Upholstery, Tables and Desks, Dining Home Furn...

Home Furniture Market Report Description

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Home Furniture Market Insights Video

Competitive Landscape of the Home Furniture Market

In the Home Furniture market's competitive landscape, numerous key competitors are driving innovation and growth. Companies continuously innovate to meet changing consumer preferences and trends. This includes developing new materials, sustainable products, and integrating technology into furniture designs. Market rivalry is encouraging technological and design innovations to create Home furniture that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In March 2020, La-Z-Boy Incorporated announced the acquisition of a business that operates six independently owned La-Z-Boy Furniture Galleries stores, generating approximately USD 30 million in annual retail volume, along with one warehouse located in Seattle, Washington. (Source: https://investors.la-z-boy.com/news-releases/news-release-details/la-z-boy-acquire-la-z-boy-furniture-galleriesr-stores-seattle )

Top Companies Market Share in Home Furniture Industry: (In no particular order of Rank)

• lkea
• Ashley Furniture Industries Inc.
• Heritage Home Group
• La-Z-Boy
• Godrej Interio
• Stanley Furniture
• Ethan Allen
• Bernhardt
• Flexsteel
• Nitori Co. Ltd
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Home Furniture Market

Which Region Dominates the Home Furniture Market in 2024?

According to Cognitive Market Research, North America currently dominates the Home Furnitures market, and the region is expected to have significant growth during the projected period. The thriving real estate market, marked by increased home buying and renovation activities, fuels demand for home furniture. New homeowners and individuals engaged in home improvements or expansions are in search of furniture to enhance and upgrade their living spaces. The rise in new housing projects and developments further drives the need for furniture, as newly built homes require furnishing. In August, the Victoria Real Estate Board region saw 545 properties sold, a slight increase of 0.2% compared to the 544 properties sold in August 2023. Additionally, condominium sales rose by 10.4% from the previous year, with 181 units sold.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific region is experiencing rapid urbanization, with an increasing number of people relocating to urban areas. This trend drives demand for both residential and commercial furniture as new housing developments and urban living spaces require furnishing. Currently, Asia is home to 54% of the global urban population, which exceeds 2.2 billion people. By 2050, this urban population in Asia is projected to grow by 50%, adding another 1.2 billion people. As lifestyles evolve towards modern and minimalist living, there is a growing preference for contemporary, space-saving, and multifunctional furniture that caters to urban living conditions.

The current report Scope analyzes Home Furniture Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Home Furniture Market

According to Cognitive Market Research, the global Home Furniture market size was estimated at USD 642514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 257005.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Home Furniture market with a market size of USD 202777.4 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The U.S. robust real estate market and rising disposable incomes, driving the market.
• The Canada Home Furniture market had a market share of USD 30840.6 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. In Canada, the demand for the Home Furniture market is driven by increasing urbanization and a growing focus on home comfort and aesthetics.
• The Mexico Home Furniture market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 23387.5 million in 2024.

Europe Home Furniture Market

According to Cognitive Market Research, the global Home Furniture market size was estimated at USD 642514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 192754.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Home Furniture market had a market share of USD 32382.7 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Home Furniture sales witness an upswing due to the growing trend of remote working and home-based lifestyles.
• The France Home Furniture market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 17733.3 million in 2024.
• According to Cognitive Market Research, the German Home Furniture market size was valued at USD 38165.3 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Home Furniture surged due to the booming real estate sector that supports high levels of property development and homeownership.
• The Italy Home Furniture market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 16576.8 million in 2024.
• The Russia Home Furniture market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 29876.9 million in 2024.
• The Spain Home Furniture market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 15805.8 million in 2024
• The Luxembourg Home Furniture market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 5975.3 million in 2024.
• The Portugal Home Furniture market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4047.8 million in 2024.
• The Greece Home Furniture market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 2313.0 million in 2024.
• The Rest of Europe's Home Furniture market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 29876.9 million in 2024.

Asia Pacific Home Furniture Market

According to Cognitive Market Research, the global Home Furniture market size was estimated at USD 642514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 147778.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Home Furniture market size was valued at USD 66500.2 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In China, the demand for the Home Furniture market is driven by robust urbanization and economic growth, leading to increased residential construction and renovations, as well as a rising middle class seeking modern, stylish, and functional furniture for their homes.
• The Japan Home Furniture market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 20393.4 million in 2024.
• The India Home Furniture market had a market share of USD 17733.3 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's significant investments in residential projects, which stimulate the need for new and stylish furniture, driving the market.
• The South Korean Home Furniture market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 14777.8 million in 2024.
• The Australian Home Furniture market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 7684.4 million in 2024.
• The South East Asia Home Furniture market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 10196.7 million in 2024.
• The Rest of Asia Pacific Home Furniture market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 10492.2 million in 2024.

South America Home Furniture Market

According to Cognitive Market Research, the global Home Furniture market size was estimated at USD 642514.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 32125.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Home Furniture market size was valued at USD 13749.8 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Home furniture flourished in Brazil due to rapid urbanization, and ongoing residential construction.
• Argentina's Home Furniture market had a market share of USD 5397.1 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In Argentina, the demand for the Home Furniture market is driven by economic stabilization efforts, increasing homeownership rates, and a rising interest in modern and stylish furniture as consumers seek to enhance their living spaces and reflect contemporary design trends.
• Colombia Home Furniture market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2859.1 million in 2024.
• Peru Home Furniture market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 2634.3 million in 2024.
• Chile's Home Furniture market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 2313.0 million in 2024.
• The Rest of Latin America's Home Furniture market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 5172.2 million in 2024.

Middle East and Africa Home Furniture Market

According to Cognitive Market Research, the global Home Furniture market size was estimated at USD 642514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 12850.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Home Furniture market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 5499.9 million in 2024. Home Furniture sales flourish due to the growth in the tourism and hospitality sectors which requires high-quality furnishings.
• The Egypt Home Furniture market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 1349.2 million in 2024.
• The South Africa Home Furniture market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 2030.3 million in 2024. Home Furniture sales flourished in South Africa due to the growing middle class seeking to upgrade their living spaces.
• The Turkey Home Furniture market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1105.1 million in 2024.
• The Nigeria Home Furniture market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 1349.2 million in 2024.
• The Rest of the MEA Home Furniture market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1516.3 million in 2024.

Home Furniture Market Analysis

Home Furniture Market Product Type Segment Analysis

According to Cognitive Market Research, Beds and Mattresses are likely to dominate the Home Furniture Market over the forecast period. There is growing awareness about the importance of sleep and its impact on overall health and well-being. Consumers are becoming more informed about the role of quality sleep in maintaining physical and mental health, which drives demand for high-quality mattresses and ergonomic bed designs. As people recognize the benefits of investing in better sleep solutions, they are more willing to spend on premium mattresses and adjustable beds that offer enhanced comfort and support.

Dining Home Furniture is the fastest-growing segment in the Home Furniture Market. As more people entertain guests at home, there is a heightened demand for stylish and functional dining furniture. Families and individuals are investing in quality dining tables, chairs, and accessories to enhance their dining experiences and create inviting spaces for gatherings. The rise in home cooking and dining, driven by lifestyle changes and a desire for home-cooked meals, contributes to the need for well-designed dining furniture that accommodates both daily meals and special occasions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Home Furniture Industry. Request a Free Sample PDF!

Home Furniture Market Material Type Segment Analysis

According to Cognitive Market Research, the beverages segment holds the largest share of the market. Wood has a timeless, classic appeal complements various interior design styles, from traditional to contemporary. This versatility makes it a popular choice for a wide range of furniture pieces, including dining tables, chairs, beds, and storage units. Wooden furniture is known for its durability and strength. High-quality hardwoods like oak, walnut, and maple are robust and can withstand years of use, making them a preferred choice for long-term investments in home furnishings.

In the Home Furniture Market, Plastic home furniture has been expanding at a rapid pace. Plastic furniture is often more cost-effective compared to materials like wood or metal. The lower production costs of plastic materials translate to more affordable pricing for consumers, making it an attractive option for budget-conscious buyers. Plastic is generally less expensive to produce and process, leading to lower retail prices. This affordability makes plastic furniture accessible to a broader audience, including first-time homeowners and renters.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Home Furniture Sales Channel Segment Analysis

Home Furniture Market Sales Channel Segment Analysis

According to Cognitive Market Research, The Retail Stores segment holds the largest market share. Retail stores allow customers to physically interact with furniture items, assessing their quality, comfort, and size. This tactile experience is crucial for making informed purchasing decisions, especially for items like sofas and mattresses where comfort and fit are paramount. In-store shopping provides the opportunity for personalized assistance from sales representatives. This can include advice on product selection, customization options, and immediate answers to queries, enhancing the overall shopping experience.

In the Home Furniture market, the rapidly growing sector is the Direct to Consumers category. DTC brands offer a more personalized shopping experience by directly engaging with customers. This allows for tailored recommendations and customization options, which can lead to higher customer satisfaction and loyalty. Direct interactions with consumers enable companies to gather real-time feedback and quickly adjust their offerings to meet changing preferences and needs.

• Retail Stores
• Direct to Consumers
• Manufacturer Stores
• e-Commerce Stores
• Discount stores
• Rental Stores
• Club Stores
• DIY Stores

Home Furniture Price Range Segment Analysis

• High
• Medium
• Low

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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