Global Furniture and Home Goods Market Report and Forecast 2024-2032

Global Furniture and Home Goods Market Report and Forecast 2024-2032


Global Furniture and Home Goods Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the furniture and home goods market size reached a value of USD 579 billion in 2023. Aided by the increasing demand for modern, stylish, and functional home furnishings and the growing applications of furniture and home goods in residential and commercial settings, the market is projected to further grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of USD 914.9 billion by 2032.

Furniture and home goods are essential components of interior design, contributing to the comfort, functionality, and aesthetic appeal of living and working spaces. The market encompasses a wide range of products, including seating, tables, storage units, beds, and decorative items. The increasing consumer preference for stylish and multifunctional furniture is driving the furniture and home goods market growth. With the growing awareness of the benefits of well-designed living spaces, there has been a significant shift towards the adoption of high-quality and innovative furniture and home goods. Additionally, the rising trend of home improvement and renovation has further contributed to the increasing popularity of furniture and home goods, as consumers seek to enhance the aesthetic appeal and functionality of their living spaces.

The expanding applications of furniture and home goods in various settings also play a significant role in propelling the market. In residential settings, furniture and home goods are used to create comfortable and aesthetically pleasing living spaces. In commercial settings, such as offices, hotels, and restaurants, furniture plays a crucial role in enhancing the functionality and ambiance of the space. The growing demand for high-quality and stylish furniture across these applications is boosting the market growth.

Moreover, advancements in furniture manufacturing technology are driving innovation and development in the market. The introduction of new technologies, such as automated manufacturing processes, advanced materials, and smart furniture, has enhanced the efficiency and quality of furniture production. These advancements enable the development of high-quality furniture with improved durability, functionality, and design, consequently driving up the furniture and home goods market share.

The growing focus on sustainability and environmental regulations is also contributing to the market growth. With the increasing emphasis on reducing environmental impact and promoting sustainable practices, there is a significant demand for eco-friendly furniture and home goods. The adoption of sustainable materials, such as recycled wood and biodegradable fabrics, and the use of energy-efficient manufacturing processes are gaining traction, helping in reducing the environmental footprint of furniture production. The rising demand for sustainable and eco-friendly furniture is driving the adoption of advanced manufacturing technologies.

The regulatory environment plays a crucial role in shaping the market. Governments and regulatory bodies worldwide are actively supporting the development and deployment of high-quality and safe furniture products. Various regulations and standards, such as the European Union's Eco-Design Directive and the U.S. Environmental Protection Agency's regulations, are promoting the use of safe and compliant furniture practices. These regulatory efforts are providing a favourable environment for the growth of the market.

As per the furniture and home goods market analysis, the seating furniture holds a significant share of the market, driven by its widespread use in both residential and commercial settings and the growing demand for comfortable and stylish seating solutions. Seating furniture includes chairs, sofas, benches, and other types of seating arrangements that provide comfort and support.

Seating furniture offers comfort and functionality, making it a preferred choice for both residential and commercial spaces. The growing demand for comfortable and functional seating solutions is driving the popularity of seating furniture.

Market Segmentation

The market can be divided based on type, material type, application, distribution channel, and region

Market Breakup by Type
  • Organised
  • Unorganised
Market Breakup by Material Type
  • Wooden
  • Plastics and Polyurethane
  • Fibres
  • Metal
  • Stone, Clay, and Melamine
  • Others
Market Breakup by Application
  • Sofa and Bed
  • Chairs and Dining Table
  • Home Décor Items
  • Lighting Products
  • Kitchen and Dining
  • Bedding and Bath
  • Rugs
  • Others
Market Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Onsite
  • Single and Multi-Brand Retail
  • E-Commerce
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global furniture and home goods market. some of the major players explored in the report by expert market research are as follows:
  • IKEA Global
  • Harman Miller Inc.
  • Steelcase Inc.
  • HNI Corporation
  • Home Centre
  • Ashley Furniture Industries
  • Dulf & Phelps
  • Wayfair LLC
  • Pottery Barn
  • Deodon GmbH
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Furniture and Home Goods Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture and Home Goods Market (2018-2023)
8.3 Global Furniture and Home Goods Market Forecast (2024-2032)
8.4 Global Furniture and Home Goods Market by Type
8.4.1 Organised
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Unorganised
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Furniture and Home Goods Market by Material Type
8.5.1 Wooden
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Plastics and Polyurethane
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Fibres
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Metal
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Stone, Clay, and Melamine
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Furniture and Home Goods Market by Application
8.6.1 Sofa and Bed
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Chairs and Dining Table
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Home Décor Items
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Lighting Products
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Kitchen and Dining
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Bedding and Bath
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Rugs
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Furniture and Home Goods Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Onsite
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Single and Multi-Brand Retail
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 E-Commerce
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Furniture and Home Goods Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Furniture and Home Goods Market Analysis
9.1 Market by Type
9.2 Market by Material Type
9.3 Market by Application
9.4 Market by Distribution Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
10 Europe Furniture and Home Goods Market Analysis
10.1 Market by Type
10.2 Market by Material Type
10.3 Market by Application
10.4 Market by Distribution Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
10.5.3 France
10.5.3.1 Historical Trend (2018-2023)
10.5.3.2 Forecast Trend (2024-2032)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2023)
10.5.4.2 Forecast Trend (2024-2032)
10.5.5 Others
11 Asia Pacific Furniture and Home Goods Market Analysis
11.1 Market by Type
11.2 Market by Material Type
11.3 Market by Application
11.4 Market by Distribution Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 India
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 Australia
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
11.5.6 Others
12 Latin America Furniture and Home Goods Market Analysis
12.1 Market by Type
12.2 Market by Material Type
12.3 Market by Application
12.4 Market by Distribution Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2023)
12.5.1.2 Forecast Trend (2024-2032)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2023)
12.5.2.2 Forecast Trend (2024-2032)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2023)
12.5.3.2 Forecast Trend (2024-2032)
12.5.4 Others
13 Middle East and Africa Furniture and Home Goods Market Analysis
13.1 Market by Type
13.2 Market by Material Type
13.3 Market by Application
13.4 Market by Distribution Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2023)
13.5.1.2 Forecast Trend (2024-2032)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2023)
13.5.2.2 Forecast Trend (2024-2032)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2023)
13.5.3.2 Forecast Trend (2024-2032)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2023)
13.5.4.2 Forecast Trend (2024-2032)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IKEA Global
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Harman Miller Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Steelcase Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 HNI Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Home Centre
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ashley Furniture Industries
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Dulf & Phelps
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Wayfair LLC
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Pottery Barn
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Deodon GmbH
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture and Home Goods Market: Key Industry Highlights, 2018 and 2032
2. Global Furniture and Home Goods Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Furniture and Home Goods Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Furniture and Home Goods Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5. Global Furniture and Home Goods Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6. Global Furniture and Home Goods Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Furniture and Home Goods Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Furniture and Home Goods Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Furniture and Home Goods Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Furniture and Home Goods Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Furniture and Home Goods Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Furniture and Home Goods Market Structure

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