Furniture Market - Product Type, By Type, By Material, By Application, By Price Range, By Distribution Channel Analysis, Growth Forecast, 2025 - 2034

Furniture Market Size

The global furniture market size was estimated at USD 666.5 billion in 2024. The market is expected to grow from USD 693.8 billion in 2025 to USD 1.09 trillion in 2034, at a CAGR of 5.2%. The market is driven by urbanization and infrastructure development, rising construction activities, increasing disposable incomes and renovation and remodeling trends.
 

The furniture industry is witnessing high growth, propelled by the increasing demand for wooden furniture in residential spaces and home improvement project spending. Homeowners have been increasing home renovation spending over recent years as high inflation and high interest rates pushed prices for everything from floors to furniture up. According to the U.S. Bureau of Labor Statistics, outdoor furniture sales are outpacing all other furniture sales throughout the country.
 

Additionally, a survey of Houzz users states that almost one-quarter of homeowner’s plan to stay in their homes longer and would rather invest in an outdoor remodel rather than moving to a different property.
 

The Europe home furniture industry has grown in recent years. According to the CBI (EU), 41% of the import value is sourced from developing countries, making Europe an interesting market. Most of this imported home furniture is made from natural materials in which woo accounts for 57%. Europe continues to play an important role in the global market, being the third-largest one in the world after Asia Pacific and North America.
 

With more than 230 million households and one of the highest per capita consumption levels, Europe accounts for more than a quarter of the global world furniture business. Its influence is also discernible in production value and extends to market dynamics and international trade values.
 

Furniture Market Trends

• The rise in work at home and home entertainment has created a higher demand for furniture as well as outdoor furniture, like patio sets and lounges. The European wooden market grew by 5% in 2023, due to a growth in consumer spending and demand for sustainable products, according to the European Commission. The trend is likely to persist, with estimates showing a consistent growth rate during the forecast period.
   
• Restoration Hardware (RH) launched 18 outdoor collections. From streamlined and Spanish-influenced to mountain and contemporary, the release features two brand-new collaborations. The collection, which comprises lounge, dining, and pool seating, boasts curved backs made of all-weather wicker and rounded legs with a subtle taper.
   
• There is an emerging trend towards high-end, custom, and designer furniture among consumers. Consumers are increasingly looking for unique and personalized designs that convey their status, comfort, and style, making the luxury furniture as preferred choice.
   

Furniture Market Analysis

The market by product type is segmented into plastic, wood, metal and others. In 2024, the wood segment dominates the market generating revenue of USD 460.3 billion and metal segment is expected to grow at CAGR of around 5.1% during the forecast period 2025 to 2034.
 

• There is increased demand for Artistic Wooden furniture across the globe as well as in Asia Pacific market. The demand for furniture made up of wood is growing due to increasing standard of living of people and outlook.
   
• Popularity of Artistic/traditional furniture has strengthened the demand for wood in the manufacturing of furniture in global market. Over the past few years, the utilization of wooden goods in home has increased as people have started using wood for furnishing cupboards, Sofas, Chairs, Tables decorating and for other purposes.
   
• Apart from this, the demand for engineered wood furniture is rising in metro cities such as U.S., UK, Germany, Delhi, France, Italy etc. and other major cities also. The reason behind this is the rising popularity of ready-to-assemble home artistic furniture in these cities.
   
• Designers predict darker woods, or darker finishes on lighter woods becoming the trend. Sustainability has become more crucial than ever for customers and businesses alike therefore, customs have made furniture less of a luxury idea, and more of an intelligent investment.
   

According to the end user, the furniture market is segmented into residential and commercial. Residential made up 65% of the market in 2024, due to increased demand for artistic wooden furniture across the globe.
 

• The home furniture industry and particularly the wooden type of furniture business is experiencing strong growth due to the rising spending on home improvement activities. The socializing and home entertainment trend has picked up pace, and homeowners are investing more in residential bench & chair sets, table sets, sofa sets, and outdoor dining sets that facilitate get-togethers, parties, and family reunions.
   
• Most home renovation projects include building or reconstructing outdoor kitchens, dining space, and bar configuration. All this demand pushes the market for long-lasting and water-resistant outdoor furniture appropriate for dining and cooking.
   
• Manufacturers are meeting the increasing demand by creating new materials and designs that enhance the durability, comfort, and aesthetic appeal of outdoor furniture.
   
• Furniture manufacture with materials that are weather-resistant , such as aluminum, synthetic wicker, teak, and recycled plastics, are popular for their durability and performance in outdoor environments.
   
• Seasonal variables, such as the peak seasons for outdoor activities in the spring and summer, contribute to increased demand for residential furniture.  
   

According to the distribution channel, the furniture market is segmented into online and offline. Offline made up 83% of the market in 2024.
 

• Customers still prefer test and feel of furniture before making purchase decision. Physical stores are concentrating on delivering immersive, experiential spaces. Showrooms are focusing more on offering a lifestyle experience, where customers can observe the furniture in completely staged rooms so that they can envision the products in their own home.
   
• Online furniture shopping has been increasing gradually because of convenience, choice, and simplicity in price comparison. Customers like buying from home, particularly with additional benefits such as free shipping and return policies. Online websites provide greater options for customization, ranging from color and size to material selection, so that the customer can get products customized as per their requirement.  
   
• Ashley Furniture Industries makes the expansion of its private Wanek Best Expo to potential partners available for the first time. The expo features an interactive Ashley showroom experience, where styled vignettes highlight the wide variety of product categories.
   

With about 80% of the North American furniture market share and estimated USD 157.5 billion in revenue, the United States led the market in 2024. The expansion of the U.S. market is primarily driven by rising home renovation trend, change in consumer preference towards quality and exclusivity and growing demand for wooden interiors.
 

• The U.S. residential real estate has surged, with apartments and homes needing equally premium furniture as a result, home interiors demand is driving the market for furniture.
   
• The rise of housing projects in cities such as New York, Los Angeles, Miami, and San Francisco have generated a demand for high-end furniture. Homes and penthouses in cities are demanding designer furniture that goes with high-end interiors.
   
• As per the Coldwell Banker Global Luxury program, the year-over-year annual price of single-family residences in the luxury residential market increased by 7.6%, whereas in the conventional residential market it increased by 3%, according to the report. According to the report, after the sales ratio percentage of the luxury market for single-family residences was 22.3% in year 2023, which indicated a seller's market, it had shifted to 19.4% in year 2024, which indicates a balanced market. This trend is likely to follow through in year 2025.
   
• According to the American Institute of Architects, nearly 70% of architects have reported an increased demand for outdoor living spaces in residential projects in 2023. This aligns with the changing preferences of homeowners who want to create functional and inviting outdoor spaces that serve as extensions of their indoor lifestyles. The surging trends towards outdoor living spaces in the U.S. has creates high demand for furniture for outdoor application.    
   

Europe: Rising demand for wooden furniture across residential areas and increased spending on home improvement projects have contributed to the European furniture market's robust growth. The Europe home furniture industry has grown in recent years. According to the CBI (EU), 41% of the import value is sourced from developing countries, making Europe an interesting market.
 

Most of this imported home furniture is made from natural materials in which woo accounts for 57%. Europe continues to play an important role in the global market, being the third-largest one in the world after Asia Pacific and North America. With more than 230 million households and one of the highest per capita consumption levels, Europe accounts for more than a quarter of the global world furniture industry. Its influence is also discernible in production value and extends to market dynamics and international trade values.
 

Furniture Market Share

• The top five companies in Ashley Furniture, Bernhardt Furniture, Haworth, HNI Corporation, La-Z-Boy and they collectively hold a share of 5%-10% in the market.
   
• These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
   
• In June 2024, Ethan Allen has made plans to move its Albuquerque, New Mexico, and Watchung, New Jersey, Design Centres in the Fall of 2024. Each new centre will enhance visibility, providing easy access for current customers and the opportunity to attract new ones. Within these design centres, customers can experience furniture and decor in a variety of styles.
   
• In February 2024, Restoration Hardware (RH) announced the release of the 2024 RH Outdoor Sourcebook, featuring over 40 exclusive designs in premium teak, aluminium, all-weather wicker, and upholstery from some of today’s most acclaimed designers. This outdoor collection blurred the lines between indoor & outdoor living, presenting a level of design, quality, taste, and style unrivalled in market. The 2024 RH Outdoor collection boasts the world’s largest selection of TUUCI architectural shade structures.
   

Furniture Market Companies

Major players operating in the furniture industry are:

• Artek
• Ashley Furniture
• Bernhardt Furniture
• Boca do Lobo
• Hartmann Mobelwerke
• Haworth 
• Herman Miller
• HNI Corporation
• Kimball International      
• La-Z-Boy
• Restoration Hardware
• Roche Bobois
• Steelcase 
• The Senator Group
• Vitra
   

To improve the services and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
 

In March 2024, Ashley Ashley Furniture Industries Inc. revealed that it has entered into a deal under which Ashley Home, Inc., an affiliate of Ashley Global Retail, LLC (together, "Ashley"), will purchase Resident Home Inc. ("Resident"). With its affiliate business, Ashley Furniture Industries, LLC ("AFI"), Ashley intended that Resident would take advantage of enhanced sourcing and efficiencies, leading to additional growth in both its wholesale and direct-to-consumer businesses.
 

US design brand Knoll has launched a new flagship showroom in New York's Park Avenue, where metal mesh curtains double up as room dividers and pedestals for furniture vignettes. The New York City showroom is part of the brand's newly refurbished retail spaces in London, Chicago and Dallas.  
 

Furniture Industry News

• In October 2024, La Z-Boy Inc. opens new showroom in Furniture Plaza. A part of an investment to aid La Z-Boy's dedication to and fulfillment of its Century Vision developments as well as to emphasize the company's dedication to the home furnishings market through manufacturing and retail, the revamped showroom boasts new visual components and product lines emphasizing the "transformational power of comfort across all generations.
   
• In July 2024, Paul Smith and Artek launched their newest collaboration 'Artek Reimagined by Paul Smith', bringing together both companies' classic timeless design. Thoughtfully designed on the principles of functionality, quality, and effortless craftsmanship, Sir Paul Smith, an ardent fan of Artek founders' Aino and Alvar Aalto's designs for many years, combines his mischievous color scheme and signature stripes to give three of the Finnish furniture maker's iconic pieces a bold new twist: Stool 60, Screen 100, and Coat Rack 109, each of which is made in Finland.
   
• In June 2024, Kimball International announces the grand opening of its New York showroom. This 9,000-square-foot showroom, located at 215 Park Avenue South, features solutions from their Kimball, National, Etc., Interwoven, and David Edward brands.
   
• In April 2024, Swiss furniture company Vitra is widening its presence across Europe through a series of showroom openings in refurbished, unique historic buildings. The high-end office and residential furniture brand with its reputation for selling top-of-the-range designs from leading designers is undertaking a showroom expansion and refurbishment program to complement its global reach.  
   

This furniture market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2034, for the following segments:

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Market, By Product Type

• Seating furniture
  • Chairs
  • Sofas and couches
  • Ottomans and footstools
  • Benches
  • Stools
  • Others (chaise lounges etc.)
• Storage furniture
  • Cabinets
  • Shelves
  • Chests
  • Bookcases
  • Others (ottomans etc.)
• Dining furniture
  • Dining tables 
  • Dining chairs
  • Dining benches
  • Buffets and sideboards
  • Others (bar carts etc.)
• Entertainment furniture
  • TV stands and media consoles
  • Home theater seating
  • Speaker stands and mounts
  • Bar cabinets and home bars
  • Others (gaming chairs etc.)
• Others (sleeping furniture etc.)    

Market, By Type

• Indoor furniture
• Outdoor furniture     

Market, By Material  

• Plastic
• Wood
• Metal
• Others       

Market, By End Use

• Residential
• Commercial
  • Business/office
  • Educational institute
  • Healthcare
  • Hospitality
  • Others    

Market, By Price Range

• Low
• Medium
• High/luxury     

Market, By Distribution Channel  

• Online
• Offline        

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa