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Eco-friendly Furniture Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 83 Pages
  • December 2022
  • Region: Global
  • Grand View Research
  • ID: 5712487
Description Jump to:
The global eco-friendly furniture market size is expected to reach USD 83.76 billion by 2030, set to expand at a CAGR of 8.6% from 2022 to 2030. Governments across the globe continue to promote green buildings as a measure to reduce the carbon emissions of their respective countries, while aiming to reduce their negative contributions toward climate change. Therefore, various incentive programs are being implemented to encourage building owners and developers to pursue initiatives such as green building certifications to promote green construction. This is expected to open up significant opportunities in the market.

Moreover, consumers remain highly focused on creating a green environment inside their homes, thereby driving the demand for eco-friendly products such as furniture. Moreover, the increasing influx of manufacturers toward eco-friendly offerings across all regions continues to boost the market growth. For instance, according to a 2021 SFC survey, nearly 97% of the respondents showed interest in buying environmentally safe furnishings, assuming favorable style and cost are about the same. Notably, women expressed a slightly higher interest in buying environment-friendly furniture (72% of women versus 66% of men).

Consumers spent a significant time indoors during the COVID-19 pandemic which created a wave of interest in home remodeling and renovation, especially in the U.S. and Europe. Moreover, with increased environmental awareness added to this interest in remodeling, a large number of consumers are opting for environment-friendly products for home renovation including eco-friendly furniture.

The rising number of green building projects results in increased sales of eco-friendly furniture. According to the U.S. Green Building Council (USGBC), the number of LEED-certified homes in the U.S. increased from 167,891 in 2018 to 232,244 by the end of 2021, witnessing a growth of more than 38% during the period. During the same period, Canada witnessed a growth of over 155% with its LEED-certified homes, increasing from 3,036 to 7,750.

North America is anticipated to dominate the market over the forecast period. According to HomeAdvisor, Americans spent nearly 10% more on home improvement projects in 2020 than in 2019, increasing the average spending from USD 7,560 to USD 8,305 in 2020. The increased spending on home improvement projects is likely to favor the growth of the eco-friendly furniture market. Moreover, corporate companies in the region continue to adopt environmentally sustainable practices to reduce the negative impact on the environment.

Eco-Friendly Furniture Market Report Highlights

  • The residential application was valued at USD 24.14 billion in 2022 and is expected to witness significant growth over the forecast period. The rise in the number of home improvement projects in the U.S. and Canada is increasing the adoption of eco-friendly furniture among consumers
  • The online distribution segment is expected to witness a substantial CAGR of 8.0% from 2023 to 2030. Increasing internet penetration among the middle-class population, coupled with the rising use of smartphones and similar devices, remains the primary driver of growth
  • Asia Pacific region was valued a USD 9.37 billion in 2022 and is expected to register a CAGR of over 10% over the forecast period. The growth in the region is majorly attributed to increasing in consumer awareness of sustainability.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Application Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Eco-friendly Furniture Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on Eco-friendly Furniture Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Eco-friendly Furniture Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Eco-friendly Furniture Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2022 & 2030
5.2. Residential
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Eco-friendly Furniture Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Online
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Eco-friendly Furniture Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.4. The U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.4. The U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6. Middles East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2022
Chapter 9. Company Profiles
9.1. Vermont Woods Studios
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Cisco Brothers Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Sabai
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Greenington
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Lee Industries, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Lee Industries, Inc.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Williams-Sonoma, Inc.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. La-Z-boy Inc.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. KING Furniture Pty Ltd.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Maiden Home
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Ashley Furniture Industries, Inc.
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Ethan Allen Global, Inc.
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Roche Bobois
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. Inter IKEA Systems B.V.
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
List of Tables
1. Eco-friendly furniture market - Driving factor market analysis
2. Eco-friendly furniture market - Restraint factor market analysis
3. Amazon e-commerce sales, by product category, U.S., 2022
4. Residential eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
5. Commercial eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
6. Eco-friendly furniture market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)
7. Eco-friendly furniture market estimates and forecast through online distribution channel, 2017 - 2030 (USD Million)
8. North America eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
9. North America eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
10. North America eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
11. U.S. eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
12. U.S. eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
13. U.S. eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
14. Canada eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
15. Canada eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
16. Canada eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
17. Europe eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
18. Europe eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
19. Europe eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
20. U.K. eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
21. U.K. eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
22. U.K. eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
23. Germany eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
24. Germany eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
25. Germany eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
26. France eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
27. France eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
28. France eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
29. Asia Pacific eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
30. Asia Pacific eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
31. Asia Pacific eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
32. China eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
33. China eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
34. China eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
35. Japan eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
36. Japan eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
37. Japan eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
38. India eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
39. India eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
40. India eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
41. Central & South America eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
42. Central & South America eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
43. Central & South America eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
44. Brazil eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
45. Brazil eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
46. Brazil eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
47. Middle East & Africa eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
48. Middle East & Africa eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
49. Middle East & Africa eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
50. South Africa eco-friendly furniture market estimates and forecast, 2017 - 2030 (USD Million)
51. South Africa eco-friendly furniture market estimates and forecast, by application, 2017 - 2030 (USD Million)
52. South Africa eco-friendly furniture market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
53. Company categorization
54. Global company share analysis, 2022 (Revenue Share %)
List of Figures
1. Eco-friendly furniture market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Market Snapshot
7. Competitive Landscape Snapshot
8. Eco-friendly furniture market - Penetration & growth prospect mapping
9. Eco-friendly furniture market - Value chain analysis
10. Importance of factors for next furniture purchase among U.S. consumers
11. Top 10 Countries and Regions Outside U.S. for LEED, 2021
12. Spending range among homeowners who renovated in the U.S. in 2018, 2019, and 2020
13. Spaces homeowners plan to upgrade in the U.S. in 2020
14. Size evolution of single-family apartments, 2010 - 2019
15. Eco-friendly furniture market: Porter’s five forces analysis
16. Roadmap of the Eco-Friendly Furniture Market
17. Average household expenditure on furniture, by age group, 2019
18. Willingness to pay based on environmental concern, by gender (Ratio %) in 2019
19. Factors influencing the buying decision
20. Eco-friendly furniture market: Application share (%) analysis, 2022 & 2030
21. Eco-friendly furniture market: Distribution channel share (%) analysis, 2022 & 2030
22. Eco-friendly furniture market: Regional share (%) analysis, 2022 & 2030
23. Global eco-friendly furniture company market share analysis, 2022 (%)

Companies Mentioned

  • Vermont Woods Studios
  • Cisco Brothers Corporation
  • Sabai
  • Greenington
  • Lee Industries, Inc.
  • Lee Industries, Inc.
  • Williams-Sonoma, Inc.
  • La-Z-boy Inc.
  • KING Furniture Pty Ltd.
  • Maiden Home
  • Ashley Furniture Industries, Inc.
  • Ethan Allen Global, Inc.
  • Roche Bobois
  • Inter IKEA Systems B.V.

Table Information

Report AttributeDetails
No. of Pages83
PublishedDecember 2022
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 46.33 Billion
Forecasted Market Value ( USD ) by 2030 $ 83.76 Billion
Compound Annual Growth Rate8.6%
Regions CoveredGlobal
No. of Companies Mentioned14

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