Antimicrobial Furniture Market by Surface Material (Copper, Silver, Titanium, and Others), by Furniture Type (Seating Furniture, Tables, Cupboard, and Others), by End User (Medical & Healthcare, Educational Institutes, Corporate Institutes, Malls & Shoppi

Antimicrobial Furniture Market by Surface Material (Copper, Silver, Titanium, and Others), by Furniture Type (Seating Furniture, Tables, Cupboard, and Others), by End User (Medical & Healthcare, Educational Institutes, Corporate Institutes, Malls & Shopping Stores, Household, Others), and by Distribution Channel (E-Commerce, Supermarket/Hypermarket, and Specialty Stores)– Global Opportunity Analysis and Industry Forecast, 2024–2030

The furniture market size was valued at USD 4.07 billion in 2023, and is projected to reach USD 6.94 billion by 2030, with a CAGR of 7.9% during the forecast period, 2024–2030.

The expansion of the antimicrobial furniture market globally is driven by stringent regulatory requirements and industry standards concerning hygiene and infection control serve as pivotal drivers for market expansion. Across various sectors such as healthcare, foodservice, and hospitality, strict regulations ensure the maintenance of clean and sanitary environments. Antimicrobial furniture addresses these regulatory mandates by offering enhanced protection against microbial contamination. Organizations increasingly invest in antimicrobial furniture solutions to adhere to regulatory requirements, mitigate infection risks, and safeguard the health of occupants. This emphasis on regulatory compliance fuels the demand for antimicrobial furniture globally.

Moreover, the prevalence of healthcare-associated infections (HAIs) and the increasing emphasis on infection control measures significantly propel market growth. HAIs pose substantial threats to patient safety and healthcare outcomes, leading to a rising demand for effective infection prevention solutions within healthcare facilities worldwide. Antimicrobial furniture plays a crucial role in minimizing cross-contamination and microbial transmission, contributing to safer and more hygienic healthcare environments. As healthcare providers prioritize infection control protocols, the demand for antimicrobial furniture solutions continues to escalate on a global scale.

However, initial investment required for antimicrobial furniture products tends to be higher compared to traditional options. These cost considerations serve as a restraint to market growth. On the contrary, ongoing advancements in antimicrobial technology, particularly through nanotechnology, offer future prospects for market growth. Manufacturers can leverage nanotechnology to develop innovative antimicrobial coatings and treatments that exhibit superior performance in inhibiting microbial growth while maintaining the integrity and aesthetics of furniture surfaces.

Segment Overview

The global furniture market share is segmented on the basis of type, product type, material type, price range, end-user, distribution channel and region.
Based on surface material, the market is categorized into copper, silver, titanium, and others.
Based on furniture type, the market is segmented into seating furniture, tables, cupboard, and other types.
Based on end-user, the market is categorized into medical & healthcare, educational institutes, corporate institutes, malls & shopping stores, household, and other end users.
Based on distribution channel, the market is categorized into E-commerce, supermarket/hypermarket, and specialty stores.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Regional Analysis

North America holds the dominant market share in the global antimicrobial furniture market.

North America commands the leading market share in the global antimicrobial furniture market, driven by the region's increasing healthcare expenditure. Hospitals, clinics, and healthcare facilities are actively seeking antimicrobial furniture solutions to reduce the risk of infections and maintain cleanliness. A recent announcement by the U.S. Department of Agriculture (USDA) to provide USD 110 million in grants for improving healthcare facilities in rural areas highlights the importance of infrastructure upgrades, further boosting demand for antimicrobial furniture across North America.

Moreover, sustained economic prosperity in countries like the United States and Canada also contributes to the market's growth. With people having more disposable income, there's a rise in spending on furniture, including antimicrobial options, for home improvements and decoration. This economic prosperity is evident from the notable increase in average annual expenditures for all consumer units in 2022, as reported by the U.S. Bureau of Labor Statistics (BLS). Such favorable economic conditions encourage increased investment in furniture, thereby driving the growth of the antimicrobial furniture market in North America.

Key Market Players

Leading players operating in the antimicrobial furniture industry include:
• Ashley Furniture Industries
• Godrej & Boyce Mfg
• Herman Miller, Inc.
• HNI Corporation
• Hille Furniture
• The Home Depot, Inc.
• Inter IKEA Group
• Action TESA
• Kohler Co.
• La-Z-Boy Inc.

Recent Developments

April 2022

IKEA announced its intention to invest approximately USD 2.2 billion in its omnichannel growth strategy in the U.S. over the next three years. This investment underscores the increasing demand for furniture solutions, including antimicrobial options, in the U.S. As part of this initiative, IKEA plans to open new stores and locations, thereby expanding its reach and accessibility to consumers across the country.

June 2023

HNI Corporation has successfully acquired Kimball International, Inc., a distinguished leader in commercial furnishings, specializing in workplace, health, and hospitality solutions. By joining forces, these two industry giants aspire to create an unparalleled and comprehensive product portfolio, strategically positioned to capitalize on emerging post-pandemic trends.

October 2022

IKEA launches DIRIGERA, a Matter ready hub and new IKEA Home smart app. This new hub, accompanied by the IKEA Home smart app, offers users the ability to effortlessly connect and control all of IKEA's smart products. This development from IKEA underscores the increasing capabilities within the smart home furniture market, providing consumers with enhanced personalization and functionality for their connected living spaces.

February 2021

Hille Furniture launched SteriTouch, a brand of additive used in the production of its antimicrobial furniture. This product is used throughout a variety of establishments including the public sector, education and healthcare, enhancing the company’s product offering.

KEY BENEFITS
• The furniture market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a detailed analysis of the furniture market trends, including the current and future trends to depict prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the furniture market is provided in the report.
• The competitive analysis of the market players along with their market share in the furniture market is provided in the report.
• The SWOT analysis and Porter's Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.