Home furniture market is set to grow at a CAGR of 5.34{3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531} by 2027, APAC will account for 42{3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531} of the market growth -Technavio

NEW YORK, Feb. 22, 2023 /PRNewswire/ — In 2017, the home furniture market was valued at USD 309.74 billion. From a regional perspective, APAC held the largest market share, valued at USD 115.54 billion. The global home furniture market size is estimated to grow by USD 105.01 billion from 2022 to 2027 at a CAGR of 5.34{3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531} according to Technavio.

Home furniture market insights –

• Vendors: 15+, Including Ashcomm LLC, Bernhardt Furniture Co., Dare Studio Ltd., Ethan Allen Interiors Inc., Flexsteel Industries Inc., Global Furniture USA Inc., Godrej Interio, Inter IKEA Systems B.V., Kimball International Inc., LaZBoy Inc., MasterBrand Cabinets Inc., MillerKnoll Inc., NITORI Holdings Co. Ltd., ROCHE BOBOIS SA, Roomstogo.com Inc., Stanley Lifestyles Ltd., Steelcase Inc., Steinhoff International Holdings NV, Wayfair Inc., Williams Sonoma Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Distribution Channel (Offline and Online), Product (Living room furniture, Bedroom furniture, Storage furniture, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

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The home furniture market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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Home furniture market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including – Ashcomm LLC, Bernhardt Furniture Co., Dare Studio Ltd., Ethan Allen Interiors Inc., Flexsteel Industries Inc., Global Furniture USA Inc., Godrej Interio, Inter IKEA Systems B.V., Kimball International Inc., LaZBoy Inc., MasterBrand Cabinets Inc., MillerKnoll Inc., NITORI Holdings Co. Ltd., ROCHE BOBOIS SA, Roomstogo.com Inc., Stanley Lifestyles Ltd., Steelcase Inc., Steinhoff International Holdings NV, Wayfair Inc., and Williams Sonoma Inc. For insights on vendor offerings – download a sample!

Home furniture market – Market Dynamics

Major Drivers – 

• Increasing online sales
• Increased awareness of home decor and attractive furnishings
• Growing residential construction market

KEY Challenges – 

• Fluctuating labor costs and raw material prices
• Long product replacement cycle
• Threat from re-used furniture market

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this home furniture market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the home furniture market between 2023 and 2027
• Precise estimation of the home furniture market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the home furniture market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of home furniture market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

4 Historic Market Size

• 4.1 Global home furniture market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global home furniture market 2017 – 2021 ($ billion)

• 4.2 Distribution channel Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Distribution channel Segment 2017 – 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel – Market share 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 31: Data Table on Distribution Channel – Market share 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Offline – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 37: Data Table on Offline – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 6.4 Online – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Online – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 41: Data Table on Online – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 43: Chart on Product – Market share 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 44: Data Table on Product – Market share 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Living room furniture – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Living room furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Living room furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Living room furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 50: Data Table on Living room furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 7.4 Bedroom furniture – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Bedroom furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Bedroom furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Bedroom furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 54: Data Table on Bedroom furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 7.5 Storage furniture – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Storage furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Storage furniture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Storage furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 58: Data Table on Storage furniture – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 7.6 Others – Market size and forecast 2022-2027 
• Exhibit 59: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Others – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 62: Data Table on Others – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 7.7 Market opportunity by Product 
• Exhibit 63: Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 66: Data Table on Market share by geography 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.4 North America – Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.10 Japan – Market size and forecast 2022-2027 
• Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.12 Canada – Market size and forecast 2022-2027 
• Exhibit 105: Chart on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Canada – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})
• Exhibit 108: Data Table on Canada – Year-over-year growth 2022-2027 ({3ad958c56c0e590d654b93674c26d25962f6afed4cc4b42be9279a39dd5a6531})

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Ashcomm LLC
• Exhibit 116: Ashcomm LLC – Overview
• Exhibit 117: Ashcomm LLC – Product / Service
• Exhibit 118: Ashcomm LLC – Key offerings

• 12.4 Bernhardt Furniture Co. 
• Exhibit 119: Bernhardt Furniture Co. – Overview
• Exhibit 120: Bernhardt Furniture Co. – Product / Service
• Exhibit 121: Bernhardt Furniture Co. – Key offerings

• 12.5 Dare Studio Ltd.
• Exhibit 122: Dare Studio Ltd. – Overview
• Exhibit 123: Dare Studio Ltd. – Product / Service
• Exhibit 124: Dare Studio Ltd. – Key offerings

• 12.6 Ethan Allen Interiors Inc. 
• Exhibit 125: Ethan Allen Interiors Inc. – Overview
• Exhibit 126: Ethan Allen Interiors Inc. – Business segments
• Exhibit 127: Ethan Allen Interiors Inc. – Key offerings
• Exhibit 128: Ethan Allen Interiors Inc. – Segment focus

• 12.7 Flexsteel Industries Inc. 
• Exhibit 129: Flexsteel Industries Inc. – Overview
• Exhibit 130: Flexsteel Industries Inc. – Business segments
• Exhibit 131: Flexsteel Industries Inc. – Key offerings
• Exhibit 132: Flexsteel Industries Inc. – Segment focus

• 12.8 Godrej Interio
• Exhibit 133: Godrej Interio – Overview
• Exhibit 134: Godrej Interio – Product / Service
• Exhibit 135: Godrej Interio – Key offerings

• 12.9 Inter IKEA Systems B.V. 
• Exhibit 136: Inter IKEA Systems B.V. – Overview
• Exhibit 137: Inter IKEA Systems B.V. – Product / Service
• Exhibit 138: Inter IKEA Systems B.V. – Key offerings

• 12.10 Kimball International Inc. 
• Exhibit 139: Kimball International Inc. – Overview
• Exhibit 140: Kimball International Inc. – Product / Service
• Exhibit 141: Kimball International Inc. – Key offerings

• 12.11 LaZBoy Inc.
• Exhibit 142: LaZBoy Inc. – Overview
• Exhibit 143: LaZBoy Inc. – Business segments
• Exhibit 144: LaZBoy Inc. – Key offerings
• Exhibit 145: LaZBoy Inc. – Segment focus

• 12.12 MasterBrand Cabinets Inc. 
• Exhibit 146: MasterBrand Cabinets Inc. – Overview
• Exhibit 147: MasterBrand Cabinets Inc. – Product / Service
• Exhibit 148: MasterBrand Cabinets Inc. – Key offerings

• 12.13 MillerKnoll Inc.
• Exhibit 149: MillerKnoll Inc. – Overview
• Exhibit 150: MillerKnoll Inc. – Business segments
• Exhibit 151: MillerKnoll Inc. – Key offerings
• Exhibit 152: MillerKnoll Inc. – Segment focus

• 12.14 Roomstogo.com Inc.
• Exhibit 153: Roomstogo.com Inc. – Overview
• Exhibit 154: Roomstogo.com Inc. – Product / Service
• Exhibit 155: Roomstogo.com Inc. – Key offerings

• 12.15 Steinhoff International Holdings NV 
• Exhibit 156: Steinhoff International Holdings NV – Overview
• Exhibit 157: Steinhoff International Holdings NV – Business segments
• Exhibit 158: Steinhoff International Holdings NV – Key offerings
• Exhibit 159: Steinhoff International Holdings NV – Segment focus

• 12.16 Wayfair Inc.
• Exhibit 160: Wayfair Inc. – Overview
• Exhibit 161: Wayfair Inc. – Business segments
• Exhibit 162: Wayfair Inc. – Key news
• Exhibit 163: Wayfair Inc. – Key offerings
• Exhibit 164: Wayfair Inc. – Segment focus

• 12.17 Williams Sonoma Inc.
• Exhibit 165: Williams Sonoma Inc. – Overview
• Exhibit 166: Williams Sonoma Inc. – Product / Service
• Exhibit 167: Williams Sonoma Inc. – Key news
• Exhibit 168: Williams Sonoma Inc. – Key offerings

13 Appendix

• 13.2 Inclusions and exclusions checklist 
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 13.5 List of abbreviations 
• Exhibit 175: List of abbreviations

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