Home Furniture Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Living Room and Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, Plastic and Other Furniture), By Material Type (Wooden, Metal, Glass, Plastic, Others), By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels) and Region

Home Furniture Market size was valued at US$ 241.6 billion in 2023 and is poised to grow at a CAGR of 6.3% during the forecast period 2024 to 2030. The global market provides a detailed overview of the home furniture market and that can be segmented by product, material type, and distribution channel. By product, the home furniture market has been segmented into the living room and dining room furniture, bedroom furniture, kitchen furniture, lamps and lighting furniture, plastic, and other furniture. The living room segment is likely to be the largest and fastest-growing segment in terms of product. Based on material type, the home furniture market is segmented into wooden, metal, glass, plastic, and others. Among these, the wooden segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of distribution channels, the market is segregated into home centers, flagship stores, specialty stores, online stores, and other distribution channels. Among these, the home centers segment is expected to have the fastest-growing market during the forecast period 2023-2029.

Home Furniture Market Key Developments:

• In Mar 2020, on a consolidated basis, La-Z-Boy finalized the acquisition of the Seattle Market. This acquisition of the six locations is expected to add approximately US$ 15 million to the company's yearly sales.