Global Home Furniture Market Growth 2023-2029

Global Home Furniture Market Growth 2023-2029

Home furniture includes beds and mattresses, tables and table tops, desks, chairs, storage cabinets, sofas, and other furniture that are used to make a house or building a comfortable place to live.

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

This Insight Report provides a comprehensive analysis of the global Home Furniture 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 Home Furniture portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Home Furniture market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Furniture 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 Home Furniture.

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

One of the key factors driving the market’s growth is the improvement in the residential construction market. The home furniture market will be driven by the growth of the real estate industry until the end of 2023. Women are increasingly joining the workforce and are living independently. It has been observed that around 45% of the working population are women. This fuels the need for service apartments, which in turn, boosts the demand for home furniture in the country. The decline in the women unemployment rates will enable them to own or rent apartments or houses. This will boost the demand for residential construction activities and drive the need for household furniture such as beds and mattresses, storage units, tables and table tops, chairs, sofas, recliners, and other luxury products.

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

Market Segmentation:

Segmentation by type
Living Room Furniture
Bedroom Furniture
Storage Furniture

Segmentation by application
Online Retail
Offline Retail

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.
Ashley Furniture HomeStore
La-Z-Boy
IKEA
Williams-Sonoma
Rooms To Go
Mattress Firm

Key Questions Addressed in this Report

What is the 10-year outlook for the global Home Furniture market?

What factors are driving Home Furniture market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Home Furniture market opportunities vary by end market size?

How does Home Furniture break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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