The global furniture market is anticipated to grow at a considerable CAGR of around 4.6% during the forecast period (2022-2028). It is anticipated that the growing smartphone penetration will drive the market growth. It has resulted in cheaper internet costs, and the extensive availability of low-cost smartphones has resulted in an exponential increase in the number of online customers all over the world. Due to increased internet penetration around the world, a big number of consumers can access the online channel. Furthermore, some businesses offer the ”create your own interior sitting at home” service using interactive web room designer software. During the projection year, these factors are likely to drive furniture sales through the e-commerce market. For instance, in March 2020, Godrej Interio, a furniture business, developed an e-commerce portal to increase its footprint in the Indian furniture market to compete with Pepperfry, Ikea, and Urban Ladder. Godrej Interio also wants to deliver selected online-only models based on demand and sales to cater to a larger segment of consumers who prefer online shopping. According to the company, it intends to have AR integrated website by the end of fiscal year.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Material
- By End User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Ashley Furniture Industries, Inc., HNI Corp., Kimball International, Inc., KOKUYO Co., Ltd., Masco Corp., Durham Furniture Inc., Haworth, Inc., Inter IKEA Systems B.V., OKAMURA Corp., Stickley Furniture Inc., Steelcase Inc., and others.
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Furniture Market Report by Segment
By Material
- Wood
- Metal
- Plastic
- Glass
By End Use
- Residential
- Commercial
Furniture Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Durham Furniture Inc.
- Godrej & Boyce Maufacturing Co. Ltd.
- Herma Miller Inc.
- Haworth, Inc.
- Home Depot Inc.
- Inter IKEA Systems B.V.
- Kohler Co.
- LA-Z-OY ASIA CO., LTD.
- Leggett & Platt, Incorporated
- OKAMURA Corp.
- OFS rads
- Stickley Furniture Inc.
- Steelcase Inc.
- Urban Office Interiors Ltd.
- Williams-Sooma, Ic.
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