Home Furniture Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Home Furniture Market: by Product (Living Room and Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, Plastic and Other Furniture) Material Type (Wooden, Metal, Glass, Plastic, Others) Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels) and Geograpy

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Report

Description

Home Furniture Market size is valued at USD 165.0 billion in 2021 and is expected to reach a value of USD 253.1 million by 2028, growing at a CAGR of 6.3% during the forecast period 2022 to 2028. 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 2022-2028. 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 2022-2028.

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 USD 15 million to the company’s yearly sales.

Home Furniture Market

MARKET SUMMARY
-
6.3%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Home Furniture Market

  • The Home Furniture Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The Home Furniture Market is segmented based on component, touchpoint , organization size, end User and geography.
Key Players
  • Ashley Furniture Industries Inc.
  • Bernhardt
  • Ethan Allen
  • Flexsteel
  • Godrej Interio
Home Furniture Market Drivers

Throughout the projected period, the population’s increased disposable income is expected to drive the expansion of the home furniture business. Market growth is expected to be fueled by changing people’s lifestyles, such as a growing preference for smart furniture. Furthermore, greater disposable income has prompted people to consider their social position, resulting in increased spending on goods, particularly furniture.


North America Got Significant Share

Home Furniture Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The home furniture market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The home furniture market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The home furniture market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The home furniture market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The home furniture market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Home Furniture Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Home Furniture Market is projected to expand at a CAGR of 6.3% during the forecast period

The major players in the global home furniture market are Ashley Furniture Industries Inc., Bernhardt, Ethan Allen, Flexsteel, Godrej Interio, Heritage Home Group, Ikea, La-Z-Boy, Nitori Co. Ltd, Stanley Furniture and ACTIU Berbegal y Formas S.A.

North American is the fastest-growing region for Home Furniture Market


Report

Table Of Content

1. Executive Summary
2. Global Home Furniture Market Introduction
2.1. Global Home Furniture Market – Taxonomy
2.2. Global Home Furniture Market –Definitions
2.2.1. Product
2.2.2. Material Type
2.2.3. Distribution Channel
3. Global Home Furniture Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Home Furniture Market Dynamic Factors – Impact Analysis
3.6. Global Home Furniture Market – Competition Landscape
3.7. Epidemiology
4. Global Home Furniture Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Home Furniture Market, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Living Room and Dining Room Furniture
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Bedroom Furniture
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Kitchen Furniture
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Lamps and Lighting Furniture
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Plastic and Other Furniture
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Home Furniture Market Forecast, By Material Type, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Wooden
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Metal
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Glass
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Plastic
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Home Furniture Market Forecast, By Distribution Channel, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
7.1. Home Centers
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Flagship Stores
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Specialty Stores
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Online Stores
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Other Distribution Channels
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Home Furniture Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel and Region, 2022 – 2028
9. North America Home Furniture MarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Living Room and Dining Room Furniture
9.1.2. Bedroom Furniture
9.1.3. Kitchen Furniture
9.1.4. Lamps and Lighting Furniture
9.1.5. Plastic and Other Furniture
9.2. Material Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Wooden
9.2.2. Metal
9.2.3. Glass
9.2.4. Plastic
9.2.5. Others
9.3. Distribution Channel Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Home Centers
9.3.2. Flagship Stores
9.3.3. Specialty Stores
9.3.4. Online Stores
9.3.5. Other Distribution Channels
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel, and Country, 2022 – 2028
9.6. North America Home Furniture Market Dynamics – Trends
10. Europe Home Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Living Room and Dining Room Furniture
10.1.2. Bedroom Furniture
10.1.3. Kitchen Furniture
10.1.4. Lamps and Lighting Furniture
10.1.5. Plastic and Other Furniture
10.2. Material Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Wooden
10.2.2. Metal
10.2.3. Glass
10.2.4. Plastic
10.2.5. Others
10.3. Distribution Channel Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Home Centers
10.3.2. Flagship Stores
10.3.3. Specialty Stores
10.3.4. Online Stores
10.3.5. Other Distribution Channels
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel, and Country, 2022 – 2028
10.6. Europe Home Furniture Market Dynamics – Trends
11. Asia-Pacific Home Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Living Room and Dining Room Furniture
11.1.2. Bedroom Furniture
11.1.3. Kitchen Furniture
11.1.4. Lamps and Lighting Furniture
11.1.5. Plastic and Other Furniture
11.2. Material Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Wooden
11.2.2. Metal
11.2.3. Glass
11.2.4. Plastic
11.2.5. Others
11.3. Distribution Channel Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Home Centers
11.3.2. Flagship Stores
11.3.3. Specialty Stores
11.3.4. Online Stores
11.3.5. Other Distribution Channels
11.4. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel, and Country, 2022 – 2028
11.6. Asia-Pacific Home Furniture Market Dynamics – Trends
12. Latin America Home Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Living Room and Dining Room Furniture
12.1.2. Bedroom Furniture
12.1.3. Kitchen Furniture
12.1.4. Lamps and Lighting Furniture
12.1.5. Plastic and Other Furniture
12.2. Material Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Wooden
12.2.2. Metal
12.2.3. Glass
12.2.4. Plastic
12.2.5. Others
12.3. Distribution Channel Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Home Centers
12.3.2. Flagship Stores
12.3.3. Specialty Stores
12.3.4. Online Stores
12.3.5. Other Distribution Channels
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel, and Country, 2022 – 2028
12.6. Latin America Home Furniture Market Dynamics – Trends
13. Middle East and Africa Home Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Living Room and Dining Room Furniture
13.1.2. Bedroom Furniture
13.1.3. Kitchen Furniture
13.1.4. Lamps and Lighting Furniture
13.1.5. Plastic and Other Furniture
13.2. Material Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Wooden
13.2.2. Metal
13.2.3. Glass
13.2.4. Plastic
13.2.5. Others
13.3. Distribution Channel Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Home Centers
13.3.2. Flagship Stores
13.3.3. Specialty Stores
13.3.4. Online Stores
13.3.5. Other Distribution Channels
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Home Furniture Market – Opportunity Analysis Index, By Product, Material Type, Distribution Channel, and Country, 2022 – 2028
13.6. MEA Home Furniture Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Material Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Ashley Furniture Industries Inc.
14.2.2. Bernhardt
14.2.3. Ethan Allen
14.2.4. Flexsteel
14.2.5. Godrej Interio
14.2.6. Heritage Home Group
14.2.7. Ikea
14.2.8. La-Z-Boy
14.2.9. Nitori Co. Ltd
14.2.10. Stanley Furniture
14.2.11. ACTIU Berbegal y Formas S.A.
15. Research Methodology
16. Key Assumptions and Acronyms

 


Report

Company Profile

  • Ashley Furniture Industries Inc.
  • Bernhardt
  • Ethan Allen
  • Flexsteel
  • Godrej Interio
  • Heritage Home Group
  • Ikea
  • La-Z-Boy
  • Nitori Co. Ltd
  • Stanley Furniture
  • ACTIU Berbegal y Formas S.A.

Description

Home Furniture Market size is valued at USD 165.0 billion in 2021 and is expected to reach a value of USD 253.1 million by 2028, growing at a CAGR of 6.3% during the forecast period 2022 to 2028. 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 2022-2028. 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 2022-2028.

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 USD 15 million to the company’s yearly sales.

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