Press release
Global Modular Furniture Market Size to Hit $86.15 Billion By 2030
Global Modular Furniture Market Size to Hit $86.15 Billion By 2030
According to Deep Market Insights, the global modular furniture market size was valued at USD 55.2 billion in 2024 and is projected to grow from USD 59.45 billion in 2025 to reach USD 86.15 billion by 2030, expanding at a CAGR of 7.7% during the forecast period (2025-2030).
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Key Market Drivers:
Rising demand for customizable and space-saving furniture solutions is a major factor driving market expansion. Consumers are increasingly opting for modular furniture configurations that can be rearranged, expanded, or repurposed according to changing requirements. This trend is particularly evident in compact urban apartments, co-working spaces, home offices, and rental properties.
The growing focus on sustainable and eco-conscious living is significantly shaping product preferences. Manufacturers are adopting recyclable materials such as engineered wood, bamboo, and recycled plastic while incorporating energy-efficient manufacturing practices. This aligns with global sustainability objectives and enhances brand appeal among environmentally aware consumers.
The widespread adoption of remote and hybrid work models has further accelerated the demand for ergonomic modular office furniture. Adjustable desks, integrated storage modules, and multifunctional workspace systems are witnessing growing adoption among corporate enterprises, freelancers, and home-based professionals.
For more detailed insights visit : https://deepmarketinsights.com/report/modular-furniture-market-research-report
Regional Insights:
North America leads the modular furniture market, supported by high consumer spending, modern lifestyle adoption, and strong demand for interior customization. The region also benefits from advanced retail infrastructure and widespread acceptance of e-commerce-based furniture sales.
Europe holds a substantial share, driven by a strong preference for minimalistic design, premium quality, and sustainable materials. The popularity of Scandinavian design principles continues to influence product innovation and purchasing trends within the region.
Asia Pacific is emerging as the fastest-growing market, fueled by rising disposable incomes, increasing urban housing developments, and rapid growth in commercial real estate. Countries such as India, China, and Indonesia are also becoming major manufacturing hubs due to cost-effective production and export capabilities.
Emerging markets across Latin America and the Middle East are witnessing increased adoption, driven by expanding hospitality, corporate, and residential development projects and growing consumer interest in modern interior solutions.
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Competitor Insights:
The modular furniture market features a competitive landscape defined by design innovation, sustainability-driven portfolios, digital retail integration, and smart space management solutions. Key companies include IKEA, Steelcase Inc., Herman Miller Inc., Ashley Furniture Industries Inc., HNI Corporation, Haworth Inc., and Inter Ikea Systems B.V.
Market leaders are focused on modular design innovation, eco-certified material usage, and hybrid distribution models combining online and offline channels. IKEA leads the segment through large-scale modular offerings at accessible price points, while Steelcase and Herman Miller dominate the premium office furniture segment with ergonomic and tech-integrated solutions.
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Future Outlook:
The outlook for the modular furniture market remains strong, with consistent demand expected through 2030. Rising consumer inclination toward functional, modular, and sustainable design solutions will continue to shape product development and market strategy.
Future growth will be influenced by the integration of smart technologies, AI-based space planning tools, augmented reality shopping interfaces, and customizable modular units. Companies that successfully align innovation with sustainability, digital engagement, and user-centric design are positioned to capture significant market opportunities in the coming years.
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https://deepmarketinsights.com/report/smart-furniture-market-research-report
https://deepmarketinsights.com/report/architectural-and-furniture-hardware-market-research-report
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Deep Market Insights is a leading market research organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports
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