Furniture Market Report 2026

The furniture market size has grown strongly in recent years. It will grow from $791.08 billion in 2025 to $833.94 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to rising urbanization levels, expansion of residential construction activities, growth in commercial office spaces, increasing disposable incomes, availability of mass-produced furniture.

The furniture market size is expected to see strong growth in the next few years. It will grow to $1.05 trillion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to options for eco-friendly furniture materials, rising demand for home office furniture, expansion of e-commerce furniture sales, growing focus on ergonomic design, increasing integration of technology in furniture products. Major trends in the forecast period include growing demand for sustainable furniture materials, increasing adoption of modular and space-saving designs, rising popularity of online furniture customization, expansion of smart and connected furniture, enhanced focus on durability and long-life products.

The expansion of the real estate industry is expected to drive the growth of the furniture market going forward. The real estate sector covers a wide range of activities related to properties, including construction, leasing, valuation, marketing, and management across commercial, residential, agricultural, and industrial segments. Within the commercial real estate sector, businesses require furniture for offices, hotels, restaurants, retail outlets, and other commercial environments. As new commercial properties are built or existing spaces undergo renovation, there is ongoing demand for commercial furniture such as office desks, chairs, and restaurant seating. For example, in May 2023, according to the Office for National Statistics, a UK-based government agency, the average house price in Scotland increased by 3% in the 12 months to March 2023, up from a 2.8% rise in the year to February 2023, reaching an average value of $224,664 (£185,000) in March 2023. Therefore, the continued growth of the real estate industry is contributing to the expansion of the furniture market.

Leading companies operating in the furniture market are concentrating on the development of innovative products, such as transition range collections, to enhance profitability and align with sustainability trends. Transition range products are designed to encourage consumers to make more sustainable purchasing decisions by selecting durable, long-lasting furniture that can be reused over extended periods. For instance, in September 2023, Inter IKEA Systems B.V., a Netherlands-based manufacturer and supplier of wood-based furniture, introduced three new collections under its Transitions range, including Vivid Wonderland, Glorious Green, and Simple Serenity. These collections feature designs that promote a sense of calm and incorporate natural elements into living spaces through the use of soft, natural fabrics, green decorative accents, and indoor plants.

In May 2024, Nick Scali Limited, an Australia-based furniture retailer, acquired Anglia Home Furnishings Limited for an undisclosed amount. Through this acquisition, Nick Scali Limited seeks to expand its retail presence in the UK, strengthen its market position, and provide a wider selection of furniture products to customers throughout the region. Anglia Home Furnishings Limited is a UK-based company specializing in premium furniture and home furnishings.

Major companies operating in the furniture market are Inter IKEA Group, Steinhoff International Holdings NV, Leggett & Platt Incorporated, Tempur Sealy International Inc, Ashley Furniture Industries Inc., Man Wah holdings, Steelcase Inc., Herman Miller Inc., La-Z-Boy Inc., Okamura Corporation, HNI Corporation, JASON FURNITURE (HANGZHOU) CO.LTD, Sleep Number company, Haworth Inc, Hooker Furniture Corporation, Flexsteel Industries Inc., Bassett Furniture Industries Inc., Stickley Furniture Inc., Global Furniture Group, Bernhardt Furniture Company, Kimball International Inc., Durham Furniture Inc., Vaughan-Bassett Furniture Company, LACQUER CRAFT MFG. CO. LTD.

Asia-Pacific was the largest region in the furniture market in 2025. Western Europe was the second largest region in the furniture market. The regions covered in the furniture market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furniture market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The furniture market consists of sales of commercial furniture, domestic furniture, wood, and plastic. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.