Reports
Global Furniture and Home Goods Market Size, Share, Growth, Trends, Forecast: By Type: Organised, Unorganised; By Material Type: Wooden, Plastics and Polyurethane, Fibres, Metal, Stone, Clay, and Melamine, Others; By Application: Sofa and Bed, Chairs and Dining Table, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028
Global Furniture and Home Goods Market Outlook
The global furniture and home goods market size was approximately USD 550.60 billion in 2022. The market is assessed to grow at a CAGR of 5.2% between 2023 and 2028, reaching a value of USD 746.33 billion by 2028.
Key Trends in the Market
Furniture and home goods are products that support everyday functions of people and provide them with improved comfort. Serving a variety of purposes, they are generally made from materials like wood, plastics, glass, metal, and fabrics, among others. Besides their functionality, they are considered an essential element for decorating and beautifying home interiors.
- The growing trend of home renovation and decoration is contributing to the furniture and home goods market demand. This is being supported by the increasing consumer disposable incomes and rising living standards, which drives the demand for products that enhance the aesthetic appeal of home and the comfort of occupants.
- The demand for sustainable furniture and home goods is on the rise as a result of rising environmental consciousness among people. As a result, manufacturers are offering products made from sustainable materials like wood and are exploring new options as well like bamboo, recycled textiles, and rattan, among others.
- One of the key furniture and home goods market trends includes the increasing investments by leading companies in product marketing and enhancing and diversifying their existing portfolio to cater to the evolving customer demands. The leading players like IKEA have significantly expanded their in store facilities that allow consumers to try out products before making a purchase, thereby enhancing their overall experience. Moreover, players are also expanding their online presence and incorporating technologies like AR and VR to help customers better visualise products and capitalise upon the growing trend of online shopping.
Market Analysis
Based on type, the market is segmented into organised and unorganised. On the basis of material type, the market can be divided into wooden, plastics and polyurethane, fibres, metal, and stone, clay, and melamine, among others.
The furniture and home goods market segmentation, based on application, includes sofa and bed, chairs and dining table, home décor items, lighting products, kitchen and dining, bedding and bath, rugs, among others. Based on distribution channel, the market can be divided into supermarkets and hypermarkets, onsite, single and multi-brand retail, and e-commerce, among others.
The major regional markets for furniture and home goods include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global furniture and home goods market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- IKEA Global
- Harman Miller Inc.
- Steelcase Inc.
- HNI Corporation
- Home Centre
- Ashley Furniture Industries
- Dulf & Phelps
- Wayfair LLC
- Pottery Barn
- Deodon GmbH
- Others
Market Share by Material Type
As per the global furniture and home goods market analysis, the demand for furniture and home goods made from wooden materials has been high and is poised for further expansion. This can be attributed to the cost-effective, durable, and sustainable nature of the material. In the coming years, the demand for materials with lower environmental footprint and sustainable design is expected to surge owing to rising environmental concerns globally, thereby contributing to the segment growth.
Meanwhile, the plastics and polyurethane segment is also witnessing a steady growth due to the rising demand for lightweight, versatile, and portable furniture that is simple to set up in limited space as a result of lifestyle changes and increasing focus of customers on optimising the available space.
Market Share by Distribution Channel
The single and multi-brand retail stores account for a significant furniture and home goods market share. The growth of the segment can be attributed to the fact that physical stores provide consumers with the opportunity to try-out and get better knowledge of the product from sales representative. However, the way consumers shop for furniture is evolving and as a result manufacturers are focusing on expanding their offerings through both brick and mortar and online stores. Many Retailers in the home goods sector are expanding their online presence and are integrating advanced technologies like augmented and virtual reality (AR and VR) to provide greater convenience to consumers and distinguish themselves from their competitors. The technology allows customers to try a product and better visualise furniture and home goods in their home before making a final purchase.
Competitive Landscape
IKEA Global, founded in 1943 and currently headquartered in the Netherlands, is a home furnishings retailer that specialises in the production of low-priced, functional goods in compact form so that consumers can assemble them at home as per their convenience. The company has been one of the leading global furniture retailers since 2008 and has more than 400 stores globally.
Harman Miller Inc. is a furniture company based in America. Known for their design innovations, the company offers problem-solving designs and solutions that are functional as well as appealing for diverse settings including office and healthcare.
Steelcase Inc., headquartered in Grand Rapids, Michigan, US, is an American manufacturer of furniture, storage, and partitioning systems. The company offers solutions for offices, classrooms, hospitals, and residential interiors to help people deliver an improved performance while enabling organisations achieve their strategic goals.
Other furniture and home goods market players include HNI Corporation, Home Centre, Ashley Furniture Industries, Dulf & Phelps, Wayfair LLC, Pottery Barn, and Deodon GmbH.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| 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 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Furniture and Home Goods Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture and Home Goods Market (2018-2022)
8.3 Global Furniture and Home Goods Market Forecast (2023-2028)
8.4 Global Furniture and Home Goods Market by Type
8.4.1 Organised
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Unorganised
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Furniture and Home Goods Market by Material Type
8.5.1 Wooden
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Plastics and Polyurethane
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Fibres
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Metal
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Stone, Clay, and Melamine
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Furniture and Home Goods Market by Application
8.6.1 Sofa and Bed
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Chairs and Dining Table
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Home Décor Items
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Lighting Products
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Kitchen and Dining
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Bedding and Bath
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Rugs
8.6.7.1 Historical Trend (2018-2022)
8.6.7.2 Forecast Trend (2023-2028)
8.6.8 Others
8.7 Global Furniture and Home Goods Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Onsite
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Single and Multi-Brand Retail
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 E-Commerce
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Furniture and Home Goods Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Furniture and Home Goods Market Analysis
9.1 Market by Type
9.2 Market by Material Type
9.3 Market by Application
9.4 Market by Sales Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
10 Europe Furniture and Home Goods Market Analysis
10.1 Market by Type
10.2 Market by Material Type
10.3 Market by Application
10.4 Market by Sales Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2022)
10.5.1.2 Forecast Trend (2023-2028)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2022)
10.5.2.2 Forecast Trend (2023-2028)
10.5.3 France
10.5.3.1 Historical Trend (2018-2022)
10.5.3.2 Forecast Trend (2023-2028)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2022)
10.5.4.2 Forecast Trend (2023-2028)
10.5.5 Others
11 Asia Pacific Furniture and Home Goods Market Analysis
11.1 Market by Type
11.2 Market by Material Type
11.3 Market by Application
11.4 Market by Sales Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2022)
11.5.1.2 Forecast Trend (2023-2028)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2022)
11.5.2.2 Forecast Trend (2023-2028)
11.5.3 India
11.5.3.1 Historical Trend (2018-2022)
11.5.3.2 Forecast Trend (2023-2028)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2022)
11.5.4.2 Forecast Trend (2023-2028)
11.5.5 Australia
11.5.5.1 Historical Trend (2018-2022)
11.5.5.2 Forecast Trend (2023-2028)
11.5.6 Others
12 Latin America Furniture and Home Goods Market Analysis
12.1 Market by Type
12.2 Market by Material Type
12.3 Market by Application
12.4 Market by Sales Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2022)
12.5.1.2 Forecast Trend (2023-2028)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2022)
12.5.2.2 Forecast Trend (2023-2028)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2022)
12.5.3.2 Forecast Trend (2023-2028)
12.5.4 Others
13 Middle East and Africa Furniture and Home Goods Market Analysis
13.1 Market by Type
13.2 Market by Material Type
13.3 Market by Application
13.4 Market by Sales Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2022)
13.5.1.2 Forecast Trend (2023-2028)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2022)
13.5.2.2 Forecast Trend (2023-2028)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2022)
13.5.3.2 Forecast Trend (2023-2028)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2022)
13.5.4.2 Forecast Trend (2023-2028)
13.5.5 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 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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IKEA Global
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 Harman Miller 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 Steelcase 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 HNI Corporation
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 Home Centre
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 Ashley Furniture Industries
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 Dulf & Phelps
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 Wayfair LLC
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 Pottery Barn
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 Deodon GmbH
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
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture and Home Goods Market: Key Industry Highlights, 2018 and 2028
2. Global Furniture and Home Goods Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Furniture and Home Goods Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Furniture and Home Goods Historical Market: Breakup by Material Type (USD Billion), 2018-2022
5. Global Furniture and Home Goods Market Forecast: Breakup by Material Type (USD Billion), 2023-2028
6. Global Furniture and Home Goods Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Furniture and Home Goods Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Furniture and Home Goods Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
9. Global Furniture and Home Goods Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
10. Global Furniture and Home Goods Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Furniture and Home Goods Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Furniture and Home Goods Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Furniture and Home Goods Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Furniture and Home Goods Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 550.60 billion.
The market is estimated to grow at a CAGR of 5.2% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 746.33 billion by 2028.
The market is being driven by increasing purchasing power and rising living standards of consumers, especially in developing nations, increasing demand for light weight and adjustable furniture and home goods, and increasing focus on improving the aesthetics of residential and commercial spaces.
The key trends aiding the market expansion include the growing investments in product marketing, increasing sales through e-commerce platforms, and growing preference for furniture and home goods made from sustainable materials.
The major regions covered in the report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Wooden, plastics and polyurethane, fibres, metal, and stone, clay, and melamine, among others are the different material types used in the market.
The major players in the market are IKEA Global, Harman Miller Inc., Steelcase Inc., HNI Corporation, Home Centre, Ashley Furniture Industries, Dulf & Phelps, Wayfair LLC, Pottery Barn, and Deodon GmbH, among others.
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