Furniture: market data & analysis

The Furniture market is mostly driven by consumer spending in general. Consumer spending takes various factors into account; such as per-capita income, household debt levels, and consumer expectations. The steady increase in disposable income and the consequent rise in living standards are responsible for the continuous growth of the market, as is the constant demand for furniture. The growing number of internet and smartphone users has not only changed consumer behavior, but has also fundamentally changed the sales channels and retail landscape. The adoption of online shopping by consumers has made furniture one of the fastest growing markets in that regard.

The main key player in the Furniture market with regards to market share is the Swedish company, IKEA. With more than US$45bn, IKEA has by far the highest sales among furniture companies. However, since eCommerce is further driving the growth of the furniture industry, Wayfair, one of the largest online-only home goods retailers, has a major potential for its future business.

The following trends currently shape the market: augmented reality apps, generative designs, eco-friendly materials, and integrated technology. From 3D-printed furniture to smart lightening, the Furniture market is experiencing innovations in design, production, and material.

Market Outlook

• Overview
• Market size
• Market insights
• Market drivers
• Consumer Insights
• Trends
• Key Players

• Living room furniture
• Bedroom furniture
• Kitchen & dining furniture
• Outdoor furniture
• Home office furniture
• Lamps & lighting
• Home decor

• Product Overview
• Author

Market Outlook

• Market Size
• Revenue forecast
• Average revenue per capita forecast
• Online/offline revenue distribution
• Market Insights
• Worldwide market comparison
• Regional Comparisons
• Country-level Comparisons
• Market Drivers
• Per capita consumer spending
• Global consumer spending
• Consumer Insights
• Share of respondents that mostly buy furniture online
• Share of people planning to buy furniture in the next 12 months, online or in store
• Share of respondents who bought from a furniture store in-store last year by country
• Share of respondents who bought from a furniture store in-store last year: own house vs rented house
• Relevance of premium or luxury furniture
• Trends
• Reason for not purchasing smart bulbs
• Key Players
• Worldwide sales/revenue for listed companies

For each segment:
• Revenue forecast
• Average revenue per capita forecast
• Company revenues in billion US$
• Regional comparisons
• Country level comparisons