Luxury Furniture Global Market Report 2023 – By Type (Tables, Chairs, Sofas And Lounges, Kitchen, Lighting, Interior Accessories, Beds, Other Types), By Material (Wood, Metal, Plastic, Glass, Leathers, Other Materials), By Distribution Channel (Online, Offline), By End User (Residential, Commercial) – Market Size, Trends, And Global Forecast 2023-2032

Wooden furniture refers to things constructed of wood. Wood furniture is used for its strength and durability. The main products of wooden furniture are chairs, tables, cabinets and others. A wooden chair refers to a seat with four legs and a back to lean against and made of wood. The various wood types involved are mango wood, Sheesham wood, rubber wood, others that are used for lamination, plywood, medium-density fibreboard (MDF) and others. The various distribution channels involved are hypermarkets, specialty stores, online retail, and others that are used for residential, and commercial applications. The global wooden furniture market is segmented - 1) By Product: Chairs, Tables, Cabinets, Other Products 2) By Wood Type: Mango Wood, Sheesham Wood, Rubber Wood, Other Wood Types 3) By Material: Lamination, Plywood, Medium Density Fibreboard (MDF), Other Materials 4) By Distribution Channel: Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels 5) By Application: Residential, Commercial The global wooden furniture market size is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wooden furniture market size is expected to reach $133.86 billion in 2027 at a CAGR of 6.0%. The growing construction sector is expected to boost the growth of the wooden furniture market going forward. The construction sector refers to the commercial area of industry and trade concerned with constructing, maintaining, and repairing infrastructures. Due to its natural cellular structure, wood is a better insulator than steel and plastic which keeps heating and cooling in homes and workplaces and consumes less energy. Wood furniture also helps to control humidity levels. Hence, the growing construction sector is expected to boost the wooden furniture market. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending is expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Moreover, in March 2022, according to the Indian Brand Equity Foundation (IBEF) report, the India-based promotion organization for the sale and distribution of Indian goods, India allocated $ 130.57 billion to enhance the country’s infrastructure. Therefore, the growing construction sector is driving the growth of the wooden furniture market. Major players in the wooden furniture market are Ashley Home Stores Ltd., Bassett Furniture Industries, Bernhardt Furniture Company, AVY Interior, An Cuong Wood Working Materials, Okamura Corporation, Dorel Industries, Ethan Allen Global Inc., Knoll Inc., Herman Miller Inc., Bush Furniture, Haworth Inc., Good's Home Furnishings., Doimo Salotti, and Inter IKEA Systems B.V. Product innovation is the key trend gaining popularity in the wooden furniture market. Major companies operating in the wooden furniture market are focusing on developing new products to sustain their market position. For instance, in December 2022, Fancyarn, a US-based manufacturer of furniture, launched 100% eco-friendly oak tables and benches. These tables and benches have a unique feature in that they are built entirely of oak wood. The bench's fabric gives it a sophisticated appearance that works well with rustic surroundings. The end table has formaldehyde-free paint and is painted with only natural, certified solid oak wood. In February 2022, Ethan Allen Global Inc., a US-based high-quality furniture manufacturer acquired Dimension Wood Products Inc. for an undisclosed amount. The acquisition is anticipated to assist Ethan Allen in further strengthening its control over the costs of raw materials, purchased parts, and labor while upholding its high standards. Dimension Wood Products Inc. is a US-based manufacturer of wood frames and machined parts used in upholstered furniture manufacturing. Asia-Pacific was the largest region in the wooden furniture market in 2022. The regions covered in the global wooden furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wooden furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wooden furniture market consists of sales of maple wood furniture, mahogany wood furniture, oak wood furniture, cherry wood furnitures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wooden furniture market research report is one of a series of new reports from The Business Research Company that provides wooden furniture market statistics, including wooden furniture industry global market size, regional shares, competitors with wooden furniture market share, detailed wooden furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the wooden furniture industry. This wooden furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Wooden household furniture refers to furniture items that are made primarily or entirely from wood and are intended for use in a home or domestic setting, including sofas, shutters, tables, chairs, and bath and vanity cabinets. The main products of wooden household furniture are chairs, tables, cabinets and others. Chairs are seats, particularly for one person, that typically have four legs for support, a backrest, and often armrests. The various kinds of wood involved are hardwood and softwood which consists of plywood, laminates, medium-density fiberboard (MDF), and others. These are distributed through online and offline distribution channels for residential and commercial applications. The global wooden household furniture market is segmented - 1) By Product: Chairs, Tables, Cabinets, Other Products 2) By Wood Type: Hardwood, Softwood 3) By Material: Plywood, Laminates, Medium-Density Fiberboard (MDF), Other Materials 4) By Distribution Channel: Online, Offline 5) By Application: Residential, Commercial The global wooden household furniture market size is expected to grow from $153.77 billion in 2022 to $160.18 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wooden household furniture market size is expected to reach $188.26 billion in 2027 at a CAGR of 4.1%. The rising demand from the residential sector is expected to propel the growth of the wooden household furniture market going forward. The increasing global population and urbanization are leading to the construction of more residential buildings and homes, which in turn is driving up the demand for furniture. Wooden household furniture is a popular choice among homeowners due to its durability, versatility, and aesthetic appeal. For instance, in December 2022, according to a report shared by iProperty Management Com LLC., a US-based real estate management company, in the US, there were 1.60 million new home starts in 2021, a 16.0% increase from 2020, and 70.4% of the new housing was single-family homes. Furthermore, the beginnings of new homes grew by 6.9% between 2019 and 2020. And global real estate reached $326.5 trillion in 2020. Therefore, the rise in demand from the residential sector is driving the growth of the wooden household furniture market. Major players in the wooden household furniture market are Inter IKEA Systems B.V., Godrej Interio, Herman Miller Inc., Steelcase Inc., HNI Corporation, Okamura Corp., Durian Industries Limited, Spacewood, Greenply Industries Limited, Haworth Inc., Knoll Inc., Kimball International Inc., Ashley Furniture Industries, NITORI Co. Ltd., Dalian Huafeng Furniture Group Co. Ltd., Dorel Industries Inc., Sauder Woodworking Company, Suofeiya Home Collection Co. Ltd, La-Z-Boy Inc., Hooker Furnishings, Natuzzi Group, Kinnarps AB, Klaussner Furniture Industries, and Samson Holding Ltd. Product innovation is a key trend gaining popularity in the wooden household furniture market. Many customers are seeking wooden furniture built utilizing ecologically friendly production techniques and materials from sustainably derived sources as environmental concerns continue to rise. As a result, major companies operating in the market focus on developing sustainable and eco-friendly wooden furniture. For example, in January 2022, Silk & Snow, a Canada-based bedding company, launched a sustainable furniture line for bedrooms. This collection is handcrafted using organic and non-toxic ingredients and is constructed using a simple, tool-free method of Japanese joinery. In August 2021, Trademark Global LLC., a US-based company that provides a wide selection of high-quality, company-branded and licensed products to top online retailers, acquired Bolton Furniture Inc. for an undisclosed amount. With this acquisition, Trademark Global Inc. hopes to broaden the scope of its services by taking advantage of Bolton's distinctive supplier network and research and development resources. Bolton Furniture Inc. is a US-based home furniture company. Asia-Pacific was the largest region in the wooden household furniture market in 2022. The regions covered in the global wooden household furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wooden household furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wooden household furniture market consists of sales of maple wood furniture, oak wood furniture, solid wood furniture, cedar wood furniture, and plywood furniture. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wooden household furniture market research report is one of a series of new reports from The Business Research Company that provides wooden household furniture market statistics, including wooden household furniture industry global market size, regional shares, competitors with wooden household furniture market share, detailed wooden household furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the wooden household furniture industry. This wooden household furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A furniture store is a type of store that offers a vast selection of furniture goods, carpeting, and is often big and equipped with storage areas. Customers can test out the furnishings in these stores and look through all of their alternatives. The main types of materials used in furniture stores are wood, metal, plastic, and others. Wood refers to a hard substance that constructs the branches and trunks of trees and can be utilized as a construction material or an energy source. They come in various price ranges such as high-end price furniture, medium-priced range furniture, and low-priced range furniture. These are distributed through several distribution channels including home centers, flagship stores, specialty stores, online, and others, and are used by various end-users including residential, office, hotel, and others. The global furniture stores market is segmented - 1) By Material: Wood, Metal, Plastic, Other Material types 2) By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture 3) By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels 4) By End-User: Residential, Office, Hotel, Other End-Users The global furniture stores market size is expected to grow from $250.71 billion in 2022 to $272.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.71%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global furniture stores market size is expected to reach $366.10 billion in 2027 at a CAGR of 7.7%. The increasing demand for furniture is expected to propel the growth of the furniture stores market going forward. Furniture refers to movable objects intended to support various human activities such as seating, eating, and storing items such as tables, chairs, desks, and cabinets. Due to rowing home decoration and renovation trends among the global population, the demand for furniture is rising which will propel the growth of the furniture stores. For instance, in February 2023, according to a report shared by Hollywood Mirror, a UK-based interior design company, the manufacturing of furniture generated about $3.22 billion in 2020. Additionally, in 2021, 5.58 million pieces of wooden bedroom furnishings were sold by UK manufacturers. Therefore, the increasing demand for furniture is driving the growth of the furniture stores market going forward. Major players in the furniture stores market are Steelcase Inc., HNI Corporation, Ashley Furniture Industries Inc., Inter IKEA Systems B.V., Herman Miller Inc., Global Furniture USA, Heritage Home Group LLC, Restoration Hardware Inc. (RH), Williams-Sonoma Inc., La-Z-Boy Inc., Raymour and Flanigan Furniture and Mattresses, American Signature Inc., Kimball International Inc., Okamura Corporation, Durham Furniture Inc., Urban Office Interiors, Furniture Services Inc., and Renaissance Furniture Manufacturing. Technological advancement is a key trend gaining popularity in the furniture stores market. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in June 2022, IKEA, a Sweden-based home furnishings company, launched IKEA Kreativ, an AI-powered experience empowering customers to create lifelike room designs. IKEA Kreativ is software with spatial computing, machine learning, and 3D mixed reality technology that helps in room design. This advancement provides customers with the first lifelike, completely integrated way to design and visualize their living areas on smartphones and desktops. In November 2021, Franchise Group Inc., a US-based publicly traded holding company, acquired W.S. Badcock Corporation for $580 million. With this acquisition, Franchise Group Inc. aims to enhance and expand its business operations in the United States. W.S. Badcock Corporation is a US-based home furniture company that provides sofas, chairs, chaises, cabinets, and more. Asia-Pacific was the largest region in the furniture stores market in 2022. It is expected to be fastest region in the global furniture stores market report during the forecast period. The regions covered in the global furniture stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the furniture stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The furniture stores market includes revenues earned by entities by providing bedroom furniture, bathroom furniture, kitchen furniture, and decorative furniture. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture stores market research report is one of a series of new reports from The Business Research Company that provides furniture stores market statistics, including furniture stores industry global market size, regional shares, competitors with a furniture stores market share, detailed furniture stores market segments, market trends and opportunities, and any further data you may need to thrive in the furniture stores industry. This furniture stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Furniture and home furnishings stores are stores that sell furniture and home furnishings and appliances to ultimate users from fixed point-of-sale locations. The businesses in the industry operate from showrooms with substantial areas for the presentation of their products. The main types of furniture and home furnishing stores are furniture stores and home furnishings stores. A furniture store specializes in the sale of furniture and, in certain cases, carpeting. The main types of stores are exclusive retailers/showrooms and inclusive retailers/dealer stores, which have ownership by retail chains and independent retailers. The global furniture and home furnishings stores market is segmented - 1) By Type: Furniture Stores, Home Furnishings Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global furniture and home furnishings stores market size will grow from $438.79 billion in 2022 to $471 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of furniture and home furnishings stores market is expected to grow to $602.42 billion in 2027 at a CAGR of 6.3%. Furniture and home furnishings stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for furniture and home furnishings stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the furniture and home furnishings market include Inter Ikea Holding B.V., The Home Depot, Bed Bath & Beyond, Nitori Holdings Co. Ltd., Williams-Sonoma Inc., Steinhoff International Holdings N.V., Berkshire Hathaway Inc., Rooms To Go Incorporated, Office Depot, and RH. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the furniture and home furnishings stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the furniture and home furnishings market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Augmented reality (AR) and virtual reality (VR) empower the customer experience by letting them connect to the product with interactive and personalized options. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. This allows the customers to understand the experience of owning a product. Furniture and home furnishings companies should consider using virtual reality technology to enhance the customer experience. IKEA, a Swedish multinational company, has launched an AR catalogue application that allows customers to see how certain items of furniture would look in their home. Consumers can virtually visualize how these pieces will look and fit in their homes according to the product’s dimensions. Indian players such as Pepper Fry have also started using AR technology to show users how certain products will look in their home through their mobile application. North America was the largest region in the furniture and home furnishings stores market in 2022. Asia-Pacific was the second largest region inf the furniture and home furnishings stores market. The regions covered in the furniture and home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the furniture and home furnishings market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The furniture and home furnishings stores market include revenues earned by entities by providing services through lifestyle stores, office supply stores, and furniture stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture and home furnishings stores market research report is one of a series of new reports from The Business Research Company that provides furniture and home furnishings stores market statistics, including furniture and home furnishings stores industry global market size, regional shares, competitors with a furniture and home furnishings stores market share, detailed furniture and home furnishings stores market segments, market trends and opportunities, and any further data you may need to thrive in the furniture and home furnishings stores industry. This furniture and home furnishings stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Furniture refers to a collective term for the goods made up of wood, plastic, and rubber that are used in a room for sitting, lying down, or storing items, such as tables, seats, beds, desks, dressers, and cupboards. Unlike less expensive woods like plywood, particleboard, and fiberboard, hardwood tabletops, desktops, and shelves won't slump over time. The main types of furniture are institutional and office furniture, household furniture, and kitchen cabinet, mattresses, blinds and shades. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The different types of materials include metal, wood, others and is distributed through various channels such as exclusive showrooms, online, hypermarkets, others. The global furniture market is segmented - 1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades 2) By Type of Material: Metal, Wood, Other Materials 3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels Subsegments Covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade The global furniture market size will grow from $691 billion in 2022 to $739.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global furniture is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%. Increasing demand for online shopping is expected to help the furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the furniture market include Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas N.V., Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc., Masco Corporation, Man Wah holdings and Sleep Number company. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the furniture manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and customers in decision-making. Augmented reality mobile applications allow customers to place a virtual 3D model of furniture in a real room in real-time. This also helps customers view the furniture from all angles and positions. For instance, IKEA’s augmented reality application Place allows customers to preview over 2,000 pieces of furniture at home before purchasing them. Asia-Pacific was the largest region in the furniture market in 2022. Western Europe was the second largest region in the furniture market share. The regions covered in the furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furniture market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The furniture market consists of sales of commercial furniture, domestic furniture, wood, and plastic. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture market research report is one of a series of new reports from The Business Research Company that provides furniture market statistics, including furniture industry global market size, regional shares, competitors with a furniture market share, detailed furniture market segments, market trends and opportunities, and any further data you may need to thrive in the furniture industry. This furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Household furniture and kitchen cabinets refer to the built-in furniture found in many kitchens for food storage, cooking equipment, and frequently silverware and dishes for table service. Movable, compactable articles or apparatus, such as chairs, tables, sofas, mattresses, etc., for furnishing a home. The main types of household furniture and kitchen cabinet are household furniture and kitchen cabinet. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The different types of materials include metal, wood, and others and are distributed through various channels such as online, and offline. The global household furniture and kitchen cabinet market is segmented – 1) By Type: Household Furniture, Kitchen Cabinet 2) By Type of Material: Metal, Wood, Other Material Types 3) By Distribution Channel: Online, Offline Subsegments Covered: Wooden Household Furniture, Metal Household Furniture, Plastic Household Furniture, Other Household Furniture The global household furniture and kitchen cabinet market size will grow from $352.87 billion in 2022 to $375.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of household furniture and kitchen cabinet is expected to grow to $462.01 billion in 2027 at a CAGR of 5.3%. Increasing demand for online shopping is expected to help the household furniture and kitchen cabinets market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of household furniture and kitchen cabinet manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the household furniture and kitchen cabinet market include Ashley Furniture Industries Inc., Masco Corporation, Man Wah holdings, La-Z-Boy, Hooker Furniture Corp., Leggett & Platt Incorporated, Samson Holding Ltd., Knoll Inc., Ethan Allen Interiors Inc., and Flexsteel Industries Inc. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the household furniture and kitchen cabinet manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of '‘lock down'’ and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the household furniture and kitchen cabinet market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy RTA furniture is gaining traction among homeowners and renters globally. This is primarily because RTA furniture are cheap and serves the purpose of quick furnishings. The RTA furniture, also known as Knock Down furniture is not assembled by the manufacturer and is available in parts with instructions to assemble the piece of furniture. Already popular in developed countries, RTA furniture has been gaining traction in developing economies such as China and India. RTA furniture also benefits manufacturers by eliminating the assembly time and cost of manufacturing, which allows manufacturers to focus only on design and production of parts. Some examples of RTA furniture include RTA bedroom sets, RTA dressers, RTA computer desks, RTA bookcases, and RTA filing cabinets. For instance, IKEA, a major ready to assemble manufacturer, has opened stores in India owing to the high demand for ready to assemble furniture. Asia-Pacific was the largest region in the household furniture and kitchen cabinet market in 2022. Western Europe was the second largest region in the household furniture and kitchen cabinet market share. The regions covered in the household furniture and kitchen cabinet market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the household furniture and kitchen cabinet market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The household furniture and kitchen cabinet market consists of sales of hotel furniture, food cabinets, and retail sales.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The household furniture and kitchen cabinet market research report is one of a series of new reports from The Business Research Company that provides household furniture and kitchen cabinet market statistics, including household furniture and kitchen cabinet industry global household furniture and kitchen cabinet market size, regional shares, competitors with a household furniture and kitchen cabinet market share, detailed household furniture and kitchen cabinet market segments, market trends and opportunities, and any further data you may need to thrive in the household furniture and kitchen cabinet industry. This household furniture and kitchen cabinet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Institutional and office furniture refers to any piece of furniture with component parts that can stand alone and does not need to be installed, such as computer desks, chairs, file cabinets, tables, and lounge seating. The main types of institutional and office furniture are institutional furniture and office furniture. Any furnishing which is free-standing and does not necessitate component parts installation is considered office furniture. The different raw materials include wood, plastic, and metal and are distributed through various channels such as exclusive showrooms, online, supermarkets or hypermarkets, and others. The global institutional and office furniture market is segmented – 1) By Type: Institutional Furniture, Office Furniture 2) By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Other Distribution Channels 3) By Raw Material: Wood, Plastic, Metal Subsegments Covered: School Furniture , General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture The global institutional and office furniture market size will grow from $223.39 billion in 2022 to $241.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of institutional and office furniture is expected to grow to $318.05 billion in 2027 at a CAGR of 7.1%. Increasing demand for online shopping is expected to help the institutional and office furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the institutional and office furniture market include Steelcase Inc., Haworth, Inc., Herman Miller Inc., HNI Corporation, Kokuyo Co Ltd., Okamura Corporation, Itoki Corporation, Knoll Inc., Kimball International and Godrej & Boyce Mfg. Co. Ltd. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the institutional and office furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the institutional and office furniture market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Furniture manufacturers are adopting sustainable practices in their manufacturing process. This is mainly a result of growing consumer awareness of sustainable living that is resulting in increasing demand for eco–friendly furniture. This includes minimizing fuel consumption and recycling wood by-products. Companies manufacturing eco-friendly furniture products procure wood from plantations that grow sustainable plants and have a long-term conservation policy. For example, Crate and Barrel, a North American home retailer is working directly with the Tropical Forest Trust to ensure that the selected hardwood for manufacturing of their furniture is from sustainable plantations that are managed for their long-term conservation. Similarly, Ashley Furniture Industries, Inc. has adopted a “green” approach wherein it focuses on replenishing, recycling, and reusing of furniture by using recyclable engineered wood and by reducing raw materials wastage. Asia-Pacific was the largest region in the institutional and office furniture market in 2022. Western Europe was the second largest region in the institutional and office furniture market share. The regions covered in the institutional and office furniture market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the institutional and office furniture market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The institutional and office furniture market consists of sales of office chairs and tables, reception furniture, and retail sales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The institutional and office furniture market research report is one of a series of new reports from The Business Research Company that provides institutional and office furniture market statistics, including institutional and office furniture industry, global institutional and office furniture market size, regional shares, competitors with institutional and office furniture market share, detailed institutional and office furniture market segments, market institutional and office furniture trends and opportunities, and any further data you may need to thrive in the institutional and office furniture industry. This institutional and office furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Home and office furniture refers to any piece of furniture that can stand alone and doesn't need to be assembled from parts that are utilized for various purposes, such as for people working from home on office days, families working on house budgets, and kids doing school projects, and mainly involves products, such as couches, sofas, non-decorated kitchenware, tables, chairs, and drawers. The main types of products for the home office furniture market are seating, storage units, desks and tables, and others. The storage unit includes shelves and cabinets and fits perfectly in the home office to store office files. The material used in home office furniture is wood, metal, plastic, and others. The prices for home office furniture include premium, mid-range, and economic, which are distributed by flagship stores, specialty stores, online, and others. The global home office furniture market is segmented - 1) By Product: Seating, Storage Units, Desks and Tables, Other Products 2) By Material: Wood, Metal, Plastic, Other Materials 3) By Price: Premium, Mid-range, Economic 4) By Distribution Channel: Flagship Stores, Specialty Stores, Online, Other Distribution Channels The global home office furniture market size grew from $28.68 billion in 2022 to $31.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home office furniture market size is expected to grow to $42.05 billion in 2027 at a CAGR of 7.9%. The recent outbreak of the COVID-19 pandemic has led to a surge in demand for home office furniture, with an increase in employees working from home. For example, in July 2020, thousands of Canadian federal government employees have been offered an amount of $500 each to buy home office furniture as they will work from home until the pandemic ends. Thus, the rise in the usage of home furniture during the pandemic propelled the demand for the home office furniture market. In 2020, since the beginning of lockdown Pepperfry, which is engaged in manufacturing home furniture has seen a rise in demand for tables and chairs in India that has raised to 175% and 135% respectively, as most of the people are working from home and setting a proper work station at home has become a necessity for everyone. Thus, an increase in the purchase of home furniture to facilitate employees working from home during the pandemic contributed to the growth of the market. Major players in the home office furniture market are Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture, and Kimball International. The launch of 3D modelling and other technological innovations in the furniture world is a key trend in the home office furniture market. According to Xarpie Labs, a variety of technologies such as 3D modeling, virtual reality, and augmented reality are being used in most of its processes, beginning with planning and developing prototypes or products, right through marketing, and to the end of the value chain, which is sales. Integrating these technologies assures the special effect on how the furniture looks and also helps develop digital inventories to understand customer requirements. For instance, in July 2022, Studio Oberhauser, an Italy-based interior design company, launched Chair No. Chair No. 1 is a 3D-printed chair that is both innovative and lightweight. It is both strong and long-lasting, printed using the most advanced concrete powder bed printing technology, and printed in one piece. The chairs have a continuous, smooth surface and are structurally stable. In April 2021, Herman Miller, Inc., a US based furniture company offering office and home furniture products, announced the acquisition of Knoll Inc. for $1.8 billion. Under this deal, Herman Miller shareholders will own approximately 78% of the combined company, while Knoll shareholders will own approximately 22%. Knoll is a U.S.-based manufacturer of chairs, tables and desks, and accessories for the office, home, and higher education settings. North America was the largest region in the home office furniture market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the home Office Furniture analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the home office furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The home office furniture market consists of sales of linear and corner workstations, reception desks, chairs, polyvinyl chloride, glass, and elastic polymers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The home office furniture market research report is one of a series of new reports from The Business Research Company that provides home office furniture market statistics, including home office furniture industry global market size, regional shares, competitors with a home office furniture market share, detailed home office furniture market segments, market trends and opportunities, and any further data you may need to thrive in the home office furniture industry. This home office furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.