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Australia Furniture and Home Furnishings Market Size, Share: By Type: Home Furnishing, Furniture; By Store Type: Inclusive Retailers /Dealers, Exclusive /Retail Showrooms; By Ownership: Independent Stores, Retail Chains; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Furniture and Home Furnishings Market Outlook
The Australia furniture and home furnishings market size reached USD 9.04 billion in 2023. The market is expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching USD 13.45 billion by 2032.
Key Takeaways:
- The Australian Bureau of Statistics noted a 19.4% surge to $7.14 billion in new residential construction values in January 2024.
- Non-residential building values, reported by the Australian Bureau of Statistics, increased by 12.4% to $4.92 billion in January 2024.
- Each year, the Australian Building and Construction sector manages construction worth over $162 billion in value.
Home furnishing stores contribute significantly to the Australia furniture and home furnishings market by providing a wide array of furniture, decor, textiles, and accessories
This extensive selection enables customers to discover items that align with their personal style and home requirements. Home furnishing stores offer a diverse range of furniture, decor, textiles, and accessories to suit various styles and home needs. Their styled displays inspire design concepts, providing convenient one-stop shopping. Knowledgeable staff ensure quality and customization options for personalized choices.
Furniture stores specialize in a wide selection of furniture for every room, including sofas and beds, with various styles and materials. Expert staff assist in choosing durable, quality furniture. Custom orders allow for personal designs, and packages simplify room furnishing. They also offer delivery, assembly services, and showroom experiences.
In March 2024, IKEA Australia introduced IKEA Kreativ, a free AI-powered mixed-reality tool. This tool enables easy room design by scanning spaces, erasing existing items, and trying out IKEA furniture. With over 50 pre-loaded showrooms, customers can explore fresh design ideas.
Market Segmentation
Australia Furniture and Home Furnishings Store Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Home Furnishing
- Furniture
Market Breakup by Store Type
- Inclusive Retailers /Dealers
- Exclusive /Retail Showrooms
Market Breakup by Ownership
- Independent Stores
- Retail Chains
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia furniture and home furnishings market key players are Ashley Furniture Industries, Inc., Harvey Norman Holdings, MillerKnoll, Inc., Inter IKEA Systems B.V., Haworth Inc., Papaya Pty Ltd., and Steelcase Inc. among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Store Type |
|
| Breakup by Ownership |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Furniture and Home Furnishings Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Furniture and Home Furnishing Store Historical Market (2018-2023)
8.3 Asia Pacific Furniture and Home Furnishing Store Market Forecast (2024-2032)
9 Australia Furniture and Home Furnishings Market Overview
9.1 Key Industry Highlights
9.2 Australia Furniture and Home Furnishing Store Historical Market (2018-2023)
9.3 Australia Furniture and Home Furnishing Store Market Forecast (2024-2032)
10 Australia Furniture and Home Furnishings Market by Type
10.1 Home Furnishing
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Furniture
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Furniture and Home Furnishings Market by Store Type
11.1 Inclusive Retailers /Dealers
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Exclusive /Retail Showrooms
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Furniture and Home Furnishings Market by Ownership
12.1 Independent Stores
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Retail Chains
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Australia Furniture and Home Furnishings Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ashley Furniture Industries, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Harvey Norman Holdin
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 MillerKnoll, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Inter IKEA Systems B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Haworth Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Papaya Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Steelcase Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Furniture and Home Furnishings Market: Key Industry Highlights, 2018 and 2032
2. Australia Furniture and Home Furnishings Market: Key Industry Highlights, 2018 and 2032
3. Australia Furniture and Home Furnishing Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Australia Furniture and Home Furnishings Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Australia Furniture and Home Furnishing Historical Market: Breakup by Store Type (USD Billion), 2018-2023
6. Australia Furniture and Home Furnishings Market Forecast: Breakup by Store Type (USD Billion), 2024-2032
7. Australia Furniture and Home Furnishing Historical Market: Breakup by Ownership (USD Billion), 2018-2023
8. Australia Furniture and Home Furnishings Market Forecast: Breakup by Ownership (USD Billion), 2024-2032
9. Australia Furniture and Home Furnishing Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Australia Furniture and Home Furnishings Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Australia Furniture and Home Furnishings Market Structure
Key Questions Answered in the Report
The market valued at USD 9.04 billion in 2023.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 13.45 billion in 2032.
The furniture and home furnishings market is categorised according to type, which includes home furnishing stores and furniture stores.
The furniture and home furnishings store market key players are Ashley Furniture Industries, Inc., Harvey Norman Holdings, MillerKnoll, Inc., Inter IKEA Systems B.V., Haworth Inc., Papaya Pty Ltd., and Steelcase Inc. among others.
Based on the ownership, the market is divided into independent stores and retail chains.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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