Home > Consumer Goods & Services > Home Improvement > Furniture and Furnishings > Furniture Market

Furniture Market Share

Report ID: GMI3024
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Furniture Market Share

The furniture industry is highly fragmented in nature due to the presence of local and global players. In 2023, the market players, such as Williams Sonoma, Wayfair, Rooms To Go Inc, Restoration Hardware, Oppein Home Group, collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions and facility expansions & collaborations to diversify the product portfolios, expand the customer base, and strengthen its market position.

Furniture Market Companies

Major players operating in the furniture industry are:

Ashley Furniture Industries
Godrej & Boyce Manufacturing Co., Ltd.
Herman Miller, Inc.
HNI Corporation
Home Depot, Inc.
Inter IKEA Group
Kohler CO.
La-Z-Boy, Inc.
Nitori Holdings
Okamura Corporation
Oppein Home Group
Restoration Hardware
Rooms To Go Inc
Steelcase
Urban Office Interiors
Wayfair
Williams Sonoma

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global furniture industry was valued at USD 641.7 billion in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032 due to urbanization and infrastructure development along with increasing disposable incomes.

The residential segment in the market is expected to grow at 5% CAGR through 2032, driven by rising homeownership rates, home improvement trends, and increased disposable incomes worldwide.

Asia Pacific furniture market is projected to reach USD 513.1 million by 2032, attributed to the rising disposable incomes of consumers and increased demand for living room furniture.

Ashley Furniture Industries, Godrej & Boyce Manufacturing Co., Ltd., Herman Miller, Inc., HNI Corporation, Home Depot, Inc., Inter IKEA Group, Kohler CO., La-Z-Boy, Inc., Nitori Holdings, and Okamura Corporation, among others.