Press release
Metal Furniture Market Size Projected To Reach $206.73 Billion By 2034 With A Cagr Of 6.2%
Metal Furniture Market
What Is the Projected Growth of the Metal Furniture Market?
The metal furniture market size will grow from $152.52 billion in 2024 to $162.54 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the evolution of manufacturing processes, post-industrial design trends, economic booms in urban development, advancements in metal treatment technologies, and the rise of commercial and institutional furniture needs.
The metal furniture market is expected to grow to $206.74 billion in 2029 at a CAGR of 6.2%. Growth is attributed to urbanization, construction activities, demand for durable furnishings, smart home popularity, and office space growth. Trends include rust-resistant coatings, hybrid materials, antimicrobial surfaces, and retro-style furniture.
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What Are the Different Metal Furniture Market Segments?
The metal furnituremarket covered in this report is segmented -
1) By Type: Bed, Chair, Sofa, Table, Other Types
2) By Material: Steel Furniture, Aluminum Furniture, Wrought Iron Furniture
3) By Distribution Channel: E-Commerce, Supermarket And Hypermarket, Specialty Stores, Online Stores
4) By Application: Residential, Commercial
Subsegments:
1) By Bed: Metal Bed Frames, Bunk Beds, Canopy Beds, Folding Beds
2) By Chair: Metal Dining Chairs, Office Chairs, Outdoor Chairs, Accent Chairs
3) By Sofa: Metal Frame Sofas, Sectional Sofas, Sofa Beds
4) By Table: Metal Dining Tables, Coffee Tables, Console Tables, Side Tables
5) By Other Types: Metal Cabinets, Metal Desks, Metal Shelving Units, Metal Storage Solutions
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What Are the Primary Drivers Shaping the Metal Furniture Market?
The growing number of workplaces is anticipated to drive the expansion of the metal furniture market. As organizations grow their operations and increase their workforce, additional office space and furniture will be required. For example, a study by Airwallex in November 2022 indicated that 70% of UK-based SMEs plan to expand into international markets by 2023, with a focus on Europe, North America, and other regions. As a result, the rise in the number of workplaces will stimulate the demand for metal furniture.
Which Companies Are Leading in the Metal Furniture Market?
Major companies operating in the metal furniture market are Inter IKEA Systems B.V., Herman Miller Inc., Steelcase Inc., HNI Corporation, KOKUYO Co. Ltd., Teknion Corporation, Bernhardt Furniture Company, Nilkamal Limited, Allsteel Inc., HBF LLC, Vanguard Furniture Company Inc., Davis Furniture Industries Inc., Zinus Inc., Dorel Home Products Furniture, Hillsdale Furniture LLC, Martin Brattrud Inc., Nienkämper Furniture & Accessories Inc., Meco Corporation, Simpli Home Ltd., Godrej Interio, Hussey Seatway Ltd., Lorena Canals SL, Oliver Metal Furniture Co. Ltd., Zuari Furniture
What Are the Latest Developing Trends in the Metal Furniture Market?
Companies in the metal furniture market are focusing on developing products like fossil-free steel furniture to reduce carbon emissions and environmental impact. Fossil-free steel furniture uses steel produced through renewable energy sources and sustainable methods. In June 2023, Vestre, a Norway-based furniture manufacturer, launched the Tellus bench made from 100% fossil-free steel. This material, produced by SSAB using green hydrogen instead of coal, results in zero carbon emissions during production. The Tellus bench represents a significant environmental milestone, contributing to a 60% reduction in the company's carbon footprint.
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What Are the Top Revenue-Generating Geographies in the Metal Furniture Market?
North America was the largest region in the metal furniture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal Furniture Market?
2. What is the CAGR expected in the Metal Furniture Market?
3. What Are the Key Innovations Transforming the Metal Furniture Industry?
4. Which Region Is Leading the Metal Furniture Market?
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