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Modular Furniture Market Share

Report ID: GMI11033
Published Date: Aug 2024
Report Format: PDF

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Modular Furniture Market Share

Modular Furniture Market Company Share Analysis (2023)

The global market is fragmented, with prominent players, such as IKEA Systems B.V., Herman Miller, Inc., Steelcase, Inc., Haworth, Inc., and Knoll, Inc holding a market share of 25-30%. These companies dominate the market due to their extensive technological innovations and strong global distribution networks, within the industry.

Modular Furniture Market Share

Major players operating in the market include:

Bene AG
Flexsteel Industries, Inc.
Haworth, Inc.
Hay A/S
Herman Miller, Inc.
HNI Corporation
IKEA Systems B.V.
Kimball International, Inc.
Kinnarps AB
Knoll, Inc.
La-Z-Boy Incorporated
Steelcase, Inc.
Teknion Corporation
USM U. Schärer Söhne AG
Vitra International AG

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The modular furniture industry was valued at USD 81.3 billion in 2023 and is likely to grow at over 4.3% CAGR through 2032, propelled by urbanization and the trend towards compact living spaces.

The living room furniture segment in the market will exceed USD 41.8 billion by 2032 due to its adaptability and pivotal role in home life.

North America modular furniture industry is likely to surpass USD 43.6 billion by 2032 owing to a combination of evolving consumer preferences and lifestyle trends.

Bene AG, Flexsteel Industries, Inc., Haworth, Inc., Hay A/S, Herman Miller, Inc., HNI Corporation, and IKEA Systems B.V., among others.