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The Furniture Retailing Market size was estimated at USD 499.41 billion in 2023, USD 525.83 billion in 2024, and is expected to grow at a CAGR of 5.41% to reach USD 722.30 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Furniture retailing refers to the business practice of selling furniture items to consumers. It encompasses a range of activities, including sourcing or manufacturing furniture, maintaining inventory, showcasing an assortment of products in physical or digital storefronts, and facilitating the transaction and delivery of furniture to the end user. Furniture retailers may offer sofas, beds, tables, chairs, and decorative items catering to different styles, budgets, and customer needs. This sector operates through diverse channels, including traditional brick-and-mortar stores, catalogs, and online platforms. Furniture retailing involves understanding consumer trends, preferences, and behavior to effectively market and sell furniture products to individual customers and commercial entities. Increased disposable income, increasing consumer spending on home furnishings, and growing consumer preference for online shopping and eCommerce platforms fuel market growth. Variability in the cost of raw materials, changing consumer trends, and supply chain constraints lead to the risk of obsolescence. Rising inclination towards bespoke furniture, allowing consumers to personalize their purchases, and growing trend-based consumption of eco-friendly and sustainable furniture is expected to gain traction among environmentally conscious consumers.
Regional Insights
A strong presence of both large-scale retailers and small, independent boutiques characterizes the furniture retailing market in the Americas. Consumer preferences have slowly shifted towards eco-friendly and sustainable products, influencing retailers to adjust their product offerings accordingly. The U.S. market significantly contributes to the region's revenue, with key trends including the growing popularity of online furniture retail and the direct-to-consumer model. Customization options and integrated home design services are becoming increasingly important selling points. The Asia-Pacific region boasts rapid growth, attributed to increasing urbanization, a growing middle class, and heightened demand for residential furniture. Countries such as China and India are pivotal markets due to their large populations and evolving consumer lifestyles. E-commerce has also seen remarkable growth in APAC, with platforms like Alibaba and Flipkart dominating the online space. Furthermore, there is a rising trend towards multifunctional furniture in response to the urban space constraints experienced in many APAC cities. The EMEA region presents a diverse furniture retailing landscape. Western Europe maintains a mature market focusing on design and quality. The Middle East is seeing increased demand for luxury furniture, aligned with high disposable incomes and large-scale development projects. Africa, while currently a smaller player, has burgeoning prospects due to urbanization and a youthful consumer base.U.K.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Furniture Retailing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Furniture Retailing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Furniture Retailing Market, highlighting leading vendors and their innovative profiles. These include Ashley Furniture Industries, LLC, Bush Industries, Inc., DFS Furniture PLC, Dorel Home, Flexsteel Industries, Inc., Freedom by Greenlit Brands, Furniture Mart USA, Inc., H Furniture Ltd., Inter IKEA Systems B.V., J Sainsbury PLC, Kingfisher PLC, Lars Larsen Group, Lawrence Walsh Limited, Loaf, Maisons du Monde, Otto GmbH & Co KG, Panel Systems Unlimited, Inc., Prepac Manufacturing Ltd., Sauder Woodworking Co., Sherrill Furniture Company, Simplicity Sofas, Inc., South Shore Industries Ltd., Sunwe Luxury Living By Hong Kong Sunwe Living Co., Ltd., Whalen LLC, and XXXLutz KG.Market Segmentation & Coverage
This research report categorizes the Furniture Retailing Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Metal Furniture
- Wooden Furniture
- Distribution Channel
- Offline
- Flagships Stores
- Home Centers
- Specialty Stores
- Online
- Offline
- Application
- Home Furniture
- Hospitality Furniture
- Office Furniture
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Furniture Retailing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Furniture Retailing Market?
- What are the technology trends and regulatory frameworks in the Furniture Retailing Market?
- What is the market share of the leading vendors in the Furniture Retailing Market?
- Which modes and strategic moves are suitable for entering the Furniture Retailing Market?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Furniture Retailing Market, by Type
7. Furniture Retailing Market, by Distribution Channel
8. Furniture Retailing Market, by Application
9. Americas Furniture Retailing Market
10. Asia-Pacific Furniture Retailing Market
11. Europe, Middle East & Africa Furniture Retailing Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- Ashley Furniture Industries, LLC
- Bush Industries, Inc.
- DFS Furniture PLC
- Dorel Home
- Flexsteel Industries, Inc.
- Freedom by Greenlit Brands
- Furniture Mart USA, Inc.
- H Furniture Ltd.
- Inter IKEA Systems B.V.
- J Sainsbury PLC
- Kingfisher PLC
- Lars Larsen Group
- Lawrence Walsh Limited
- Loaf
- Maisons du Monde
- Otto GmbH & Co KG
- Panel Systems Unlimited, Inc.
- Prepac Manufacturing Ltd.
- Sauder Woodworking Co.
- Sherrill Furniture Company
- Simplicity Sofas, Inc.
- South Shore Industries Ltd.
- Sunwe Luxury Living By Hong Kong Sunwe Living Co., Ltd.
- Whalen LLC
- XXXLutz KG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 525.83 Billion |
| Forecasted Market Value ( USD | $ 722.3 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
