Metal Furniture Market is to grow at a 4.7% CAGR, with North America leading the market through 2032

Metal Furniture Market to Hit USD 214.38 Bn by 2032

Metal Furniture Market was USD 148.46 Bn in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2032, reaching USD 214.38 Bn by 2032 In the United States, market size was estimated at USD 61.3 billion in 2024. Customers growing need for strong, durable, and aesthetically beautiful furniture is driving a considerable expansion in the metal furniture market. Growing discretionary incomes and the worldwide urbanization trend are driving demand for versatile, space saving metal furniture in both home and business settings.

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Metal Furniture Market Segmentation:

By Type: With an estimated 32.4% market share in 2024, the bed sector is the largest category in the metal furniture market. Because they are strong, long-lasting, and compact a critical feature for urban living metal beds is the chosen option. Throughout the projected period, the category is anticipated to rise at a CAGR of 4.7% due to rising demand for reasonably priced and useful bedding solutions.

By Application: With almost 49.4% of the market share in 2024, the residential segment leads the metal furniture industry. The demand for metal beds, sofas, chairs, and tables is increasing as more people want high-end metal furniture, particularly in urban areas.

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Metal Furniture Market Regional Analysis:

Europe, holds a 19.5% market share in 2024 and is expected to continue expanding over the forecast period. In Europe, metal furniture is increasingly being seen as durable and environmentally friendly when compared to alternative materials like wood and plastic. Customers are increasingly choosing metal furniture due to its environmental benefits and longevity.

North America, possesses a dominant 41.3% market share in the 2024 global metal furniture market. Over the course of the forecast period, this area is expected to maintain its market leadership position due to the rising demand from consumers for upscale furniture and home décor. A stronger focus on home upgrades, particularly in the US, and growing disposable incomes are also driving demand.

Asia-Pacific, is expected to grow at the quickest rate in the metal furniture market, with a compound annual growth rate (CAGR) of 6.4% between 2025 and 2032. China was a major player, contributing 25% of the world's exports of metal furniture, and the region maintained a market share of approximately 33.5% in 2024.

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Market Competitive Landscape

Ingka Group: In May 2023, the largest owner of IKEA stores, announced the acquisition of supply chain software firm Made4Net to improve its warehouse and logistics operations. This strategic move aims to enhance the efficiency of IKEA's global metal furniture distribution system.

IKEA: In Jan 2023 revealed a $2.2 billion investment plan focused on expanding its omnichannel presence in the U.S. The investment will go towards opening new locations and improving fulfilment networks, enhancing the company's market presence in the North American Metal Furniture sector.

Teknion Corporation: In Feb 2022 launched the Libelle range of creative lounge chairs, which includes a variety of seating options designed for comfort and luxury. This new range caters to the growing demand for premium metal furniture in the commercial sector.

Conclusion

Growth is being further stimulated by online platforms that make a variety of metal furniture accessible.
To increase their market share, businesses like Teknion and IKEA are investing in premium product lines and logistics.

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