2025 Furniture Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Furniture Market Size By 2025?
The furniture market has experienced strong growth in recent years. It is forecasted to increase from $750.62 billion in 2024 to $791.08 billion in 2025, with a CAGR of 5.4%. Past growth has been driven by globalized production, housing demand, eco-friendly practices, demographic shifts, and the rise of DIY culture.

How Big Is the Furniture Market Size Expected to Grow by 2029?
Substantial expansion is projected in the furniture market over the upcoming years, reaching a value of $995.42 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%. This growth during the forecasted period is due to the rise of adaptable and multifunctional designs, sustainable furniture practices, and furniture designed with wellness in mind. There's also significant growth in the markets for rental and secondhand furniture, as well as luxury and high-end furniture. The market progression will be driven by factors such as the integration of smart furniture, customizable and modular furnishings, the resurgence of retro and vintage styles, the incorporation of biophilic designs into furniture, and designs that are multifunctional and save space.

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Which Key Market Drivers Powering Furniture Market Expansion and Growth?
The burgeoning real estate sector is poised to boost the expansion of the furniture market in the future. The realm of real estate covers various aspects related to property, including construction, leasing, appraisal, marketing, and management, spread across commercial, residential, agricultural, and industrial segments. Within the commercial real estate arena, there's a need for furniture in businesses like offices, hotels, restaurants, retail outlets, and numerous other commercial environments. The ongoing development of new commercial properties or the refurbishment of existing ones constantly generates a demand for commercial furniture, ranging from office desks and chairs to restaurant seating. For example, in September 2022, as reported by Trade Arabia, an online business news and information portal based in Bahrain, the country expressed its plans to build over 555,000 residential units, nearly 275,000 hotel rooms, more than 4.3 million square meters of retail space, and over 6.1 million square meters of new office space, all expected to be finished by 2030. Consequently, the expansion of the real estate sector will stimulate the growth of the furniture market.

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Which Fast-Growing Trends Are Poised to Disrupt the Furniture Market?
Leading firms in the furniture industry are concentrating on creating innovative items like transition range products to boost their market profitability. These products are designed to promote sustainability among consumers by choosing products with extended longevity and reusable nature. For example, Inter IKEA Systems B.V., a furniture manufacturer from the Netherlands specializing in wood-based products, unveiled three new collections in September 2023 under its Transitions range named Vivid Wonderland, Glorious Green, and Simple Serenity. These collections encompass items that imbue a sense of peacefulness and incorporate aspects of nature into domestic spaces, such as soft and natural fabrics, green decor accents, and indoor flora.

What Are the Emerging Segments in the Furniture Market?
The furniture market covered in this report is segmented -

1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades
2) By Type Of Material: Metal, Wood, Other Materials
3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels

Subsegments:
1) By Institutional And Office Furniture: Office Desks, Office Chairs, Conference Tables, Reception Furniture, Filing Cabinets, Breakroom Furniture
2) By Household Furniture And Kitchen Cabinets: Living Room Furniture, Bedroom Furniture, Dining Room Furniture, Kitchen Cabinets, Storage Units
3) By Mattresses: Innerspring Mattresses: Memory Foam Mattresses, Latex Mattresses, Adjustable Mattresses, Hybrid Mattresses
4) By Blinds And Shades: Roller Blinds, Venetian Blinds, Roman Shades, Cellular Shades, Plantation Shutters

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Who Are the Global Leaders in the Furniture Market?
Major companies operating in the furniture market include Inter IKEA Group, Steinhoff International Holdings NV, Leggett & Platt Incorporated, Tempur Sealy International Inc, Ashley Furniture Industries Inc., Man Wah holdings, Steelcase Inc., Herman Miller Inc., La-Z-Boy Inc., Okamura Corporation, HNI Corporation, JASON FURNITURE (HANGZHOU) CO.LTD, Sleep Number company, Haworth Inc, Hooker Furniture Corporation, Flexsteel Industries Inc., Bassett Furniture Industries Inc., Stickley Furniture Inc., Global Furniture Group, Bernhardt Furniture Company, Kimball International Inc., Durham Furniture Inc., Vaughan-Bassett Furniture Company, LACQUER CRAFT MFG. CO. LTD.

Which are the Top Profitable Regional Markets for the Furniture Industry?
Asia-Pacific was the largest region in the furniture market in 2024. Western Europe was the second largest region in the furniture market. The regions covered in the furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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