Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global furniture market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Furniture refers to a movable article used in residential or commercial spaces for seating arrangements and storage purposes. It comprises chairs, tables, beds, cupboards, desks, and cabinets that support basic functions, such as sleeping, dining and eating. Nowadays, consumers are also opting for furniture with improved aesthetics, functionality, and comfort. With the inflating incomes, changing lifestyles and improving living standards, individuals are spending more on multi-functional furniture with maximum storage facilities.

Furniture Market Trends:

The global furniture market is primarily driven by the growing real estate and hospitality industries. The extensive investments in the tourism, healthcare, and education sectors have also provided a positive outlook to the market. In the education sector, the need for portable and adjustable furniture with easy reconfiguration has become a necessity with the new age of comprehensive, interactive and flip classrooms. Besides this, with the growing number of people suffering from postural dysfunction, there has been an increased demand for ergonomically designed furniture to prevent health and posture problems in children and adults. Furthermore, the increasing number of nuclear families has led to the demand for versatile and space-saving furnishings that can easily be accommodated in smaller spaces. Moreover, the expanding e-commerce industry has offered easy accessibility to furniture through online platforms, thus attracting a wider consumer base. With the rising environmental concerns, manufacturers are introducing sustainable furniture that is made from recycled items, like salvaged wood, textiles and wood pallets, and natural materials such as bamboo, rattan and seagrasses.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global furniture market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on material, distribution channel and end use.

Breakup by Material:

Metal
Wood
Plastic
Glass
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Breakup by End Use:

Residential
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Durham Furniture Inc., Haworth Inc. (Haworth International Ltd.), Heritage Home Group LLC, HNI Corporation, Inter IKEA Systems B.V. (Interogo Foundation), Kimball International Inc., Kohler Co., Masco Corporation, Okamura Corporation, Steelcase Inc. and Stickley Furniture Inc.

Key Questions Answered in This Report:

How has the global furniture market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global furniture market?
What are the key regional markets?
What is the breakup of the market based on the material?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global furniture market and who are the key players?
What is the degree of competition in the industry?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Furniture Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Material

6.1 Metal
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wood
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Plastic
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Glass
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Distribution Channel

7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Specialty Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by End Use

8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region

9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Durham Furniture Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Haworth Inc. (Haworth International Ltd.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Heritage Home Group LLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 HNI Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Inter IKEA Systems B.V. (Interogo Foundation)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Kimball International Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Kohler Co.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 Masco Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Okamura Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Steelcase Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Stickley Furniture Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Furniture Market: Major Drivers and Challenges
Figure 2: Global: Furniture Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Furniture Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Furniture Market: Breakup by Material (in %), 2020
Figure 5: Global: Furniture Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Furniture Market: Breakup by End Use (in %), 2020
Figure 7: Global: Furniture Market: Breakup by Region (in %), 2020
Figure 8: Global: Furniture (Metal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Furniture (Wood) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Furniture (Plastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Furniture (Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Furniture (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Furniture (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Furniture (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Furniture (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Furniture (Specialty Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Furniture (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Furniture (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Furniture (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Furniture (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Furniture (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Furniture (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Furniture (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Furniture (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Furniture (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia-Pacific: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Furniture Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Furniture Market: Breakup by Country (in %), 2020
Figure 78: Middle East and Africa: Furniture Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Furniture Industry: SWOT Analysis
Figure 80: Global: Furniture Industry: Value Chain Analysis
Figure 81: Global: Furniture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Furniture Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Furniture Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 3: Global: Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Furniture Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 5: Global: Furniture Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Furniture Market: Competitive Structure
Table 7: Global: Furniture Market: Key Players