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Global Furniture Market: By Type: Metal, Wood, Plastic, Glass, Others; By End Use: Residential, Commercial; By Distribution Channel: Offline, Online; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Furniture Market Outlook
The global furniture market is expected to grow at a CAGR of about 5.2% in the forecast period of 2022-2027, driven by the growing infrastructure and hospitality sectors.
Other factors driving the furniture market include changing customer preferences in developing economies, growth in organized retail, and growing residential and commercial development.
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Market Segmentation
Furniture refers to mobile objects, which are used to make space or building ideal for living or working in, such as tables, chairs, or desks.
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Based on type, the furniture market can be divided into:
- Metal
- Wood
- Plastic
- Glass
- Others
It finds its end-use in commercial as well as residential sectors. The furniture market can be broadly categorised based on its distribution channel into:
- Online
- Offline
The EMR report looks into the regional furniture markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Technological advancements like the introduction of high-speed Internet services such as 4G and the accelerated adoption of smart devices are improving the e-commerce market in India. Such developments also make it easier for customers to purchase furniture via online platforms, thus, boosting the growth of the furniture market. In addition, the increasing number of smartphone users across the country and rising online shopping platforms enable furniture industry players to launch their products across online channels, aiding the furniture market. The wooden furniture segment is the dominating type of furniture in the global furniture market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global furniture market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kokuyo Co., Ltd.
- Okamura Corporation
- Godrej & Boyce Manufacturing Company Limited
- Inter Ikea Systems B.V.
- HNI Corporation, (NYSE: HNI)
- Kimball International Inc.
- Herman Miller, Inc.
The EMR report gives an in-depth insight into the furniture market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End-Use, Distribution Channel, Region |
| Breakup by Type | Metal, Wood, Plastic, Glass, Others |
| Breakup by End-Use | Residential, Commercial |
| Breakup by Distribution Channel | Offline, Online |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kokuyo Co., Ltd., 7984 (TYO), Okamura Corporation, 7994 (TYO), Godrej & Boyce Manufacturing Company Limited, Inter Ikea Systems B.V., HNI Corporation, HNI (NYSE), Kimball International Inc., KBAL (NASDAQ), Herman Miller, Inc. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2017-2021)
8.3 Global Furniture Market Forecast (2022-2027)
8.4 Global Furniture Market by Type
8.4.1 Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Wood
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Plastic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Glass
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Furniture Market by End-Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Furniture Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Online
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Furniture Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Kokuyo Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Okamura Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Godrej & Boyce Manufacturing Company Limited
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Inter Ikea Systems B.V.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 HNI Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Kimball International Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Herman Miller, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2017 and 2027
2. Global Furniture Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Furniture Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global Furniture Historical Market: Breakup by End Use (USD Million), 2017-2021
5. Global Furniture Market Forecast: Breakup by End Use (USD Million), 2022-2027
6. Global Furniture Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
7. Global Furniture Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
8. Global Furniture Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Furniture Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Furniture Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Furniture Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Furniture Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Furniture Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Furniture Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Furniture Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Furniture Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Furniture Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Furniture Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Furniture Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Furniture Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.2% between 2021 and 2026.
The major drivers of the market include the growing infrastructure and hospitality sectors and the rising e-commerce sector, pushing the online purchase of furniture.
Changing customer preferences in developing economies, growth in organised retail, and growing residential and commercial development are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Wood furniture is the dominant type of furniture in the industry.
The end-use sectors include residential and commercial.
The major distribution channels of furniture are online and offline.
The major players in the industry are Kokuyo Co., Ltd., Okamura Corporation, Godrej & Boyce Manufacturing Company Limited, Inter Ikea Systems B.V., HNI Corporation, Kimball International Inc. and Herman Miller, Inc.
Analyst Review
The global furniture market is driven by the growing infrastructure and hospitality sectors. Aided by the growing e-commerce sector, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the furniture industry can be segmented into metal, wood, plastic, and glass, among others, with wooden furniture accounting for the largest market share. On the basis of distribution channels, the industry is bifurcated into online and offline channels. The major regional markets for furniture are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kokuyo Co., Ltd., Okamura Corporation, Godrej & Boyce Manufacturing Company Limited, Inter Ikea Systems B.V., HNI Corporation, Kimball International Inc. and Herman Miller, Inc.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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