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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.

 

Global Furniture Market

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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.

 

Global Furniture Market by Type

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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.

 

Global Furniture Market by Region

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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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