Global Furniture and Furnishing Market Growth (Status and Outlook) 2023-2029

Global Furniture and Furnishing Market Growth (Status and Outlook) 2023-2029

The furniture and furnishing industry is a manufacturing sector in global with a long history. It includes the production of household, office and kitchen furniture, as well as mattresses, bedding and parts of furniture. A large variety of raw materials are used in production, including wood, rattan, plastic and metal. Wooden furniture is the industry’s leading category in terms of production and exports.

LPI (LP Information)' newest research report, the “Furniture and Furnishing Industry Forecast” looks at past sales and reviews total world Furniture and Furnishing sales in 2022, providing a comprehensive analysis by region and market sector of projected Furniture and Furnishing sales for 2023 through 2029. With Furniture and Furnishing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Furniture and Furnishing industry.

This Insight Report provides a comprehensive analysis of the global Furniture and Furnishing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Furniture and Furnishing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Furniture and Furnishing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Furniture and Furnishing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Furniture and Furnishing.

The global Furniture and Furnishing market size is projected to grow from US$ 475720 million in 2022 to US$ 685290 million in 2029; it is expected to grow at a CAGR of 5.4% from 2023 to 2029.

Global key furniture and furnishing players include IKEA, Ashley Furniture Industries and Tempur Sealy International etc. The top 3 companies hold a share about 8%. Asia-Pacific is the largest market with a share over 40%, followed by America and Europe.

In terms of product, home furniture is the largest segment with a share about 65%. And in terms of applications, the largest application is residental with a share about 75%.

This report presents a comprehensive overview, market shares, and growth opportunities of Furniture and Furnishing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Home
Office
Hotel
Healthcare
Educational
Furnishing
Others

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IKEA
Ashley Furniture Industries
Tempur Sealy International
Williams-Sonoma
Restoration Hardware
Steelcase
Herman Miller
Kuka Home
Oppein Home Group
Okamura
HNI Corporation
Sleep Number
Haworth
La-Z-Boy
Serta Simmons Bedding
KOKUYO
Sofia Furniture
Sleemon

Please note: The report will take approximately 2 business days to prepare and deliver.