openPR Logo
Press release

Furniture Market Size to Reach USD 701.7 Billion in 2032 | IMARC Group

10-17-2024 01:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Furniture Market

Furniture Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐Š๐ž๐ฒ ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

โ— The global furniture market size reached USD 660.5 Billion in 2023.
โ— The market is expected to reach USD 701.7 Billion by 2032.
โ— North Americaย exhibits a clear dominance in the market, accounting for the largest furniture market share.
โ— Based on material, the market has been segmented into metal, wood, plastic, glass and others.
โ— Specialty stores display clear dominance because they offer a wide range of furniture options and personalized customer service, making them a suitable choice for many buyers.
โ— The growing use of technology in furniture design, like smart furniture with internet of things (IoT) features, is creating a positive market outlook.
โ— The rise of e-commerce and online retail channels is driving market growth. The ease of online shopping and the ability to compare a wide range of products and prices make it a popular choice for buyers.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/furniture-market/requestsample

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ— ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง

The growing use of technology in furniture design, like smart furniture with internet of things (IoT) features, is creating a positive market outlook. This includes items such as beds with sleep-tracking systems, sofas with built-in wireless charging pads, and tables with touchscreen surfaces. Advances in manufacturing technology allow for more efficient production processes, lower costs, and greater customization. Buyers now can customize furniture to fit their specific preferences for size, color, material, and functionality. The combination of technology and customization enhances user experience and helps manufacturers stand out in the market.

โ— ๐„-๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐š๐ง๐ ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ๐ฌ

The rise of e-commerce and online retail channels is driving market growth. The ease of online shopping and the ability to compare a wide range of products and prices make it a popular choice for buyers. Online platforms offer a larger selection of furniture, often at better prices than traditional stores. The improved digital experience, including virtual reality (VR) and augmented reality (AR), lets buyers visualize furniture in their space before they buy, reducing uncertainty. Also, the growing use of social media marketing and influencer endorsements is boosting online furniture sales.

โ— ๐ƒ๐ž๐ฆ๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ ๐’๐ก๐ข๐Ÿ๐ญ๐ฌ ๐š๐ง๐ ๐‡๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ

Changes in demographic profiles and household dynamics are supporting market growth. The increase in single-person households and shifts in family structures are driving demand for different types, sizes, and functionalities of furniture. Single-person households need compact and multi-functional furniture, while families with children look for durable and safe options. The aging population needs ergonomic furniture that aids mobility. Additionally, younger buyers who prioritize design, affordability, and flexibility push manufacturers to enhance their product offerings.

๐๐ฎ๐ฒ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=3936&method=502

๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ:

โ— Metal
โ— Wood
โ— Plastic
โ— Glass
โ— Others

Based on material, the market has been segmented into metal, wood, plastic, glass and others.

๐๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:

โ— Supermarkets and Hypermarketsย 
โ— Specialty Storesย 
โ— Online Stores
โ— Others

Specialty stores display clear dominance because they offer a wide range of furniture options and personalized customer service, making them a suitable choice for many buyers.

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:

โ— Residential
โ— Commercial

The residential sector is the largest sector owing to the growing demand for home furnishings.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ— North America (United States, Canada)
โ— Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ— Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ— Latin America (Brazil, Mexico, Others)
โ— Middle East and Africa

The market is dominated by North America owing to substantial investments in research work, which has led to advanced technological development in the region.

๐“๐จ๐ฉ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ:ย 

The furniture market research report offers a detailed analysis of the competitive landscape, providing in-depth information on the leading companies. Some of the key players in the market are as follows:

โ— Durham Furniture Inc.
โ— Haworth Inc. (Haworth International Ltd.)
โ— HNI Corporation
โ— Inter IKEA Systems B.V. (Interogo Foundation)
โ— Kimball International Inc.
โ— Kohler Co.
โ— Masco Corporation
โ— Okamura Corporation
โ— Steelcase Inc.
โ— Stickley Furniture Inc

๐Ž๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉย 

๐…๐จ๐จ๐ญ๐›๐š๐ฅ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/football-market-size-worth-usd-46-billion-globally-by-2032-at-a-cagr-of-36_715825.html

๐†๐ž๐ง๐ž๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐€๐ˆ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/generative-ai-market-size-to-worth-usd-580-billion-by-2032-cagr-of-1881_716128.html

๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/steel-market-size-to-hit-usd-1279-billion-by-2032-with-a-33-cagr_716698.html

๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/agriculture-equipment-market-size-to-hit-usd-2554-billion-in-2032-grow-cagr-by-423_716730.html

๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:ย https://www.abnewswire.com/pressreleases/commercial-insurance-market-size-worth-usd-1554-billion-globally-by-2032-at-a-cagr-of-653_717115.html

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž ๐š๐ง๐ฒ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐จ๐ฏ๐ž๐ซ๐ž๐ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:ย sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145ย 

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Furniture Market Size to Reach USD 701.7 Billion in 2032 | IMARC Group here

News-ID: 3698331 • Views: โ€ฆ

More Releases from IMARC Group

Mexico Nutritional Supplements Market Size, Growth, Latest Trends and Forecast 2025-2033
Mexico Nutritional Supplements Market Size, Growth, Latest Trends and Forecast 2 โ€ฆ
IMARC Group has recently released a new research study titled "Mexico Nutritional Supplements Market Size, Share, Trends and Forecast by Product Type, Form, Distribution Channel, Consumer Group, and Region, 2025-2033" which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. Market Overview The Mexico nutritional supplements market size was valued at USD 5.78 Billion in 2024. It isโ€ฆ
US Cold Storage Market Size, Trends, Growth and Forecast 2026-2034
US Cold Storage Market Size, Trends, Growth and Forecast 2026-2034
IMARC Group has recently released a new research study titled "US Cold Storage Market Size, Share, Trends and Forecast by Warehouse Type, Construction Type, Temperature Type, Application, and Region, 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. Market Overview The US cold storage market size reached USD 46,283.55 Million in 2025 and is projected to growโ€ฆ
United States Carbon Black Market Size, Trends, Growth and Forecast 2025-2033
United States Carbon Black Market Size, Trends, Growth and Forecast 2025-2033
IMARC Group has recently released a new research study titled "United States Carbon Black Market Size, Share, Trends and Forecast by Type, Grade, Application, and Region, 2025-2033" which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. Market Overview The United States carbon black market size was valued at USD 2.51 Billion in 2024 and is projected toโ€ฆ
Silica Sand Market is Projected to Reach USD 38.3 Billion by 2034 | At CAGR 4.7%
Silica Sand Market is Projected to Reach USD 38.3 Billion by 2034 | At CAGR 4.7%
Silica Sand Market Overview: The global Silica Sand Market was valued at USD 25.4 Billion in 2025 and is forecast to reach USD 38.3 Billion by 2034, growing at a CAGR of 4.7% during 2026-2034. This growth is driven by increasing demand from the construction and glass manufacturing industries, continual advancements in hydraulic fracturing technology in oil and gas extraction, and rapid changes in environmental and regulatory landscapes. The silica sand marketโ€ฆ

All 5 Releases


More Releases for Furniture

Hotel Furniture Market to See Booming Growth | Northland Furniture, Foliot Furni โ€ฆ
The latest study released on the Global Hotel Furniture Market by AMA Research evaluates market size, trend, and forecast to 2027. The Hotel Furniture market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players inโ€ฆ
Bedroom Furniture Market Share by Top Companies, Size, Growth, Industry Analysis โ€ฆ
Bedroom Furniture Market Scope & Overview: The research investigates the key factors influencing international market growth. In order to assess the overall size of the Bedroom Furniture market during the forecast period, the report employed a bottom-up technique to collect and forecast data for a wide range of industrial verticals and end-user sectors, as well as their reach across numerous categories. Market participants may utilize market data to develop strategies toโ€ฆ
Home Furniture Market, Office Furniture Market, Hospital Furniture Market, Woode โ€ฆ
Furniture is a movable/mutable object intended to support a variety of human activity including seating, sleeping, fencing and protection. It is also used to hold the object at the proper height for working. It can also be designed & used as a decorative object. Furniture has become a vital part of human life since non-nomadic culture. It is kept in home or other commercial buildings to make the living &โ€ฆ
Bedroom Furniture Market Growth 2017 to 2022: Dominated by ughan-Bassett Furnitu โ€ฆ
Worldwide Market Reports recently released โ€œ Global Bedroom Furniture Market Research Report 2017โ€ that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executivesโ€ฆ
Bedroom Furniture Market Size to Grow Rapidly in Future | Global Key Players - a โ€ฆ
Worldwide Market Reports recently released โ€œ Global Bedroom Furniture Market Research Report 2017โ€ that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executivesโ€ฆ
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture โ€ฆ
Worldwide Market Reports recently released โ€œ Global Bedroom Furniture Market Research Report 2017โ€ that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executivesโ€ฆ