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Colombia Furniture Market Size, Share, Growth, Analysis: By Type: Beds, Tables and Desks, Sofa and Couch, Chairs and Stools, Cabinets and Shelves, Others; By Material: Metal, Wood, Plastic, Glass, Others; By End Use: Residential, Commercial; By Distribution Channel: Home Centres, Flagship Stores, Others; Competitive Landscape; 2024-2032
Colombia Furniture Market Outlook
The Colombia furniture market size was approximately USD 4.41 billion in 2023. The market is assessed to grow at a CAGR of 5.20% between 2024 and 2032, reaching a value of USD 6.95 billion by 2032.
Key Takeaways
- The adoption of cutting-edge technologies including 3D printing, augmented reality, and robotics helps improve product customisation and design, which is driving the Colombia furniture market growth.
- Colombia procures most of its teak, wood, and furniture from Mexico, Brazil, and the United States.
- In April 2023, Jamar, the furniture brand headquartered in Colombia, selected Bogota as the location to launch the biggest furniture and mattress store in the nation.
The Colombia furniture market is driven by the rise in disposable incomes and improving living standards of the population, along with increasing residential and commercial construction. With the increase in income levels, people now have more financial resources to invest in luxurious furniture that enhances their comfort and overall quality of life. Additionally, the surging popularity of e-commerce platforms has further propelled the furniture market in Colombia.
Nowadays, furniture manufacturers are prioritising the use of reused and recycled materials, as well as wood from ethically managed forests, to cater to the demand of environmentally conscious consumers. Furthermore, wooden furniture is particularly popular because of its durability compared to other materials. To minimise their environmental impact, manufacturers are adopting green production methods such as water-based adhesives, minimal volatile organic compound coatings, and energy-efficient manufacturing procedures.
In the ever-evolving market, businesses are broadening their horizons by introducing both physical and virtual stores. For instance, in September 2023, IKEA, a well-known furniture retailer, made a strategic move by opening its first store in Bogotá, Colombia. By introducing a diverse range of stylish, durable, and affordable furniture options to consumers, the company aimed to revolutionise the home décor landscape in Colombia. The company also launched its online store Ikea.com.co to provide Colombian customers access to more than 6,000 home products and solutions.
Market Segmentation
Colombia Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Type
- Beds
- Tables and Desks
- Sofa and Couch
- Chairs and Stools
- Cabinets and Shelves
- Others
Market Breakup by Material
- Metal
- Wood
- Plastic
- Glass
- Others
Market Breakup by End Use
- Residential
- Commercial
Market Breakup by Distribution Channel
- Home Centres
- Flagship Stores
- Speciality Stores
- Online
- Others
Competitive Landscape
The market players are placing a greater emphasis on utilising sustainable and eco-friendly materials to attract environmentally conscious consumers while leveraging advanced technologies to enhance production operations.
- Inter IKEA Systems B.V.
- Steelcase Inc.
- Haworth, Inc.
- Wood Products Manufacturing Industry IMA S.A.
- Colchones Rosen S.A.I.C.
- Macizo
- Fábrica de Muebles MV
- Grupo Plus Colombia
- MadeMuebles
- Mobiliario Del Portilo SAS
- 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 Material |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market 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 Latin America Furniture Market Overview
8.1 Key Industry Highlights
8.2 Latin America Furniture Historical Market (2018-2023)
8.3 Latin America Furniture Market Forecast (2024-2032)
8.4 Latin America Furniture Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Furniture Market Overview
9.1 Key Industry Highlights
9.2 Colombia Furniture Historical Market (2018-2023)
9.3 Colombia Furniture Market Forecast (2024-2032)
10 Colombia Furniture Market by Type
10.1 Beds
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tables and Desks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sofa and Couch
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Chairs and Stools
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Cabinets and Shelves
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Colombia Furniture Market by Material
11.1 Metal
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wood
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Glass
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Colombia Furniture Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Colombia Furniture Market by Distribution Channel
13.1 Home Centres
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Flagship Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 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 Buyers Powers
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 Trade Data Analysis (HS Code: 9403)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Inter IKEA Systems B.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Steelcase Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Haworth, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Wood Products Manufacturing Industry IMA S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Colchones Rosen S.A.I.C.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Macizo
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Fábrica de Muebles MV
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Grupo Plus Colombia
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 MadeMuebles
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Mobiliario Del Portilo SAS
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Furniture Market: Key Industry Highlights, 2018 and 2032
2. Colombia Furniture Market: Key Industry Highlights, 2018 and 2032
3. Colombia Furniture Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Colombia Furniture Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Colombia Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Colombia Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Colombia Furniture Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Colombia Furniture Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Colombia Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Colombia Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Colombia Furniture Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.41 billion.
The market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 6.95 billion by 2032.
The market is driven by rising population, the surge in residential and commercial construction, and the flourishing hotel and real estate sectors.
The key trends aiding the market expansion include the adoption of cutting-edge technologies in production methods and the use of sustainable raw materials.
The major types of furniture in the market are beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others.
The major materials used for furniture are metal, wood, plastic, and glass, among others.
The major players in the market are Inter IKEA Systems B.V., Steelcase Inc., Haworth, Inc., Wood Products Manufacturing Industry IMA S.A., Colchones Rosen S.A.I.C., Macizo, Fábrica de Muebles MV, Grupo Plus Colombia, MadeMuebles, and Mobiliario Del Portilo SAS, among others.
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