세계의 가구 및 홈 퍼니싱 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of furniture and home furnishing Market

the global furniture and home furnishing market was valued at USD 120.66 billion in 2024, is expected to reach USD 130.79 billion in 2025, and is projected to rise significantly to USD 191.40 billion by 2032, growing at a CAGR of 5.59% from 2025 to 2032. Asia Pacific dominated the market with an exceptional 91.6% share in 2024, reflecting its booming residential construction sector and major consumer base across China, India, and Southeast Asia.

Market Overview

Furniture and home furnishing products include chairs, tables, beds, sofas, cabinets, wardrobes, decor items, and smart functional solutions intended to enhance modern living. Rising disposable income, strong real estate activity, and shifting lifestyle preferences have pushed consumers to invest more in improving home aesthetics and comfort. Major brands such as Cassina S.p.A., Nilkamal Furniture, Steelcase, Herman Miller, and Kimball International continue to introduce innovative designs and expand retail presence. Strategic collaborations are strengthening brand positioning; for instance, Steelcase partnered with the Frank Lloyd Wright Foundation in 2023 to launch a signature collection in the U.S.

Key Market Trends

One of the most influential trends shaping the market is the rise of multi-functional home office furniture, driven by remote work adoption. Consumers increasingly prefer foldable desks, ergonomic chairs, modular bookcases, and convertible furniture items suitable for compact spaces. Additionally, smart homes are contributing to rising demand for furnishings featuring wireless charging, built-in lighting, sensors, and customizable modular designs.

Sustainability is another key trend influencing buying behavior. Eco-friendly materials such as bamboo, reclaimed wood, recycled metal, and organic fabrics are gaining traction as consumers shift toward green lifestyles and zero-waste principles.

Market Drivers

1. Growing Home Decor Spending

Consumer spending on interior decor, renovation, and personalized living spaces has surged. Social media platforms showcasing global design inspirations, paired with rising purchasing power especially in India, China, Vietnam, and Brazil, have accelerated demand for stylish, modern furniture. Home decor has also become a lifestyle indicator, with consumers focusing on comfort, wellness, and aesthetics.

2. Rising Residential Construction

Increasing construction of residential buildings across Asia Pacific and North America is contributing significantly to market demand. Factors such as nuclear family growth, rapid urbanization, and government housing initiatives continue to boost product adoption.

Market Restraints

Volatile raw material prices, trade conflicts, tariffs, and import-export fluctuations significantly affect production costs. For example, the U.S. imposed tariffs of up to 125% on Chinese imports in April 2025, increasing manufacturing expenses for various home furnishing items. These factors pose challenges for manufacturers and hinder consistent revenue growth.

Market Opportunities

Sustainable and eco-friendly furniture represents a major growth opportunity. Consumers increasingly prefer long-lasting and ethically sourced materials, encouraging companies to develop green product lines. Bamboo, reclaimed wood, and recycled fabrics are becoming popular choices for both residential and commercial interiors.

Segmentation Insights

By Product Type

• Living room & lounge furniture dominated in 2024 due to heavy consumer investment in modular sofas, recliners, and premium seating.
• Bedroom furniture is projected to grow at the highest rate, supported by increasing demand for smart beds equipped with sleep monitoring and smart home integration.

By Material

• Wood remained the leading material segment, valued for its durability and aesthetic appeal.
• Metal furniture is growing fastest due to cost-efficiency, longevity, and popularity in modern interiors.

By Distribution Channel

• Offline retail outlets dominated in 2024, driven by the need for product inspection and personalized shopping experiences.
• E-commerce is projected to grow fastest due to rising internet penetration and convenience-driven buying.

Regional Analysis

Asia Pacific (2024 Market Size: USD 56.41 billion)

Asia Pacific leads the global market due to rapid urbanization, booming real estate, and strong consumer spending. India and China represent the largest opportunities, with India ranking as the world's fourth-largest furniture consumer.

North America

Demand is supported by housing market recovery, rising preference for sustainable furniture, and increased local manufacturing investments.

Europe

Strong growth is driven by smart home furniture adoption and rising residential construction in countries such as Germany, France, and the U.K.

South America & Middle East & Africa

Growth is supported by increasing social media influence, rising disposable income, and strong preference for stylish, affordable home decor.

Conclusion

With its value rising from USD 120.66 billion in 2024 to a projected USD 191.40 billion by 2032, the global furniture and home furnishing market demonstrates robust long-term potential. Trends such as multifunctional furniture, eco-friendly materials, and e-commerce expansion will continue to shape the industry as consumers seek convenience, style, and sustainable living solutions.

Segmentation By Product Type

• Bedroom Furniture
• Living Room & Lounge Furniture
• Others

By Material

• Wood
• Metal
• Plastic
• Others

By Distribution Channel

• E-commerce/Online
• Retail Outlets/Offline

By Region

• North America (By Product Type, Material, Distribution Channel, and Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
• Europe (By Product Type, Material, Distribution Channel, and Country)
  • Germany (By Product Type)
  • France (By Product Type)
  • Italy (By Product Type)
  • Spain (By Product Type)
  • U.K. (By Product Type)
  • Russia (By Product Type)
  • Rest of Europe (By Product Type)
• Asia Pacific (By Product Type, Material, Distribution Channel, and Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • Australia (By Product Type)
  • Rest of Asia Pacific (By Product Type)
• South America (By Product Type, Material, Distribution Channel, and Country)
  • Brazil (By Product Type)
  • Argentina (By Product Type)
  • Rest of South America (By Product Type)
• Middle East & Africa (By Product Type, Material, Distribution Channel, and Country)
  • South Africa (By Product Type)
  • UAE (By Product Type)
  • Rest of Middle East & Africa (By Product Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Trends

4. Key Insights

• 4.1. Overview of the Parent/Related Market
• 4.2. Industry SWOT Analysis
• 4.3. Porter's Five Forces Analysis
• 4.4. Supply Chain Analysis
• 4.5. Regulatory Framework
• 4.6. Recent Technological Advancements
• 4.7. Impact of Tariffs on the Market

5. Global Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. Market Analysis, Insights and Forecast - By Product Type
  • 5.2.1. Bedroom Furniture
  • 5.2.2. Living Room & Lounge Furniture
  • 5.2.3. Others
• 5.3. Market Analysis, Insights and Forecast - By Material
  • 5.3.1. Wood
  • 5.3.2. Metal
  • 5.3.3. Plastic
  • 5.3.4. Others
• 5.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 5.4.1. E-commerce/Online
  • 5.4.2. Retail Outlets/Offline
• 5.5. By Market Analysis, Insights and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. South America
  • 5.5.5. Middle East & Africa

6. North America Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. Market Analysis, Insights and Forecast - By Product Type
  • 6.2.1. Bedroom Furniture
  • 6.2.2. Living Room & Lounge Furniture
  • 6.2.3. Others
• 6.3. Market Analysis, Insights and Forecast - By Material
  • 6.3.1. Wood
  • 6.3.2. Metal
  • 6.3.3. Plastic
  • 6.3.4. Others
• 6.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 6.4.1. E-commerce/Online
  • 6.4.2. Retail Outlets/Offline
• 6.5. By Market Analysis, Insights and Forecast - By Country
  • 6.5.1. U.S.
    • 6.5.1.1. Market Analysis, by Product Type
      • 6.5.1.1.1. Bedroom Furniture
      • 6.5.1.1.2. Living Room & Lounge Furniture
      • 6.5.1.1.3. Others
  • 6.5.2. Canada
    • 6.5.2.1. Market Analysis, by Product Type
      • 6.5.2.1.1. Bedroom Furniture
      • 6.5.2.1.2. Living Room & Lounge Furniture
      • 6.5.2.1.3. Others
  • 6.5.3. Mexico
    • 6.5.3.1. Market Analysis, by Product Type
      • 6.5.3.1.1. Bedroom Furniture
      • 6.5.3.1.2. Living Room & Lounge Furniture
      • 6.5.3.1.3. Others

7. Europe Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. Market Analysis, Insights and Forecast - By Product Type
  • 7.2.1. Bedroom Furniture
  • 7.2.2. Living Room & Lounge Furniture
  • 7.2.3. Others
• 7.3. Market Analysis, Insights and Forecast - By Material
  • 7.3.1. Wood
  • 7.3.2. Metal
  • 7.3.3. Plastic
  • 7.3.4. Others
• 7.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 7.4.1. E-commerce/Online
  • 7.4.2. Retail Outlets/Offline
• 7.5. By Market Analysis, Insights and Forecast - By Country
  • 7.5.1. Germany
    • 7.5.1.1. Market Analysis, by Product Type
      • 7.5.1.1.1. Bedroom Furniture
      • 7.5.1.1.2. Living Room & Lounge Furniture
      • 7.5.1.1.3. Others
  • 7.5.2. France
    • 7.5.2.1. Market Analysis, by Product Type
      • 7.5.2.1.1. Bedroom Furniture
      • 7.5.2.1.2. Living Room & Lounge Furniture
      • 7.5.2.1.3. Others
  • 7.5.3. Spain
    • 7.5.3.1. Market Analysis, by Product Type
      • 7.5.3.1.1. Bedroom Furniture
      • 7.5.3.1.2. Living Room & Lounge Furniture
      • 7.5.3.1.3. Others
  • 7.5.4. Italy
    • 7.5.4.1. Market Analysis, by Product Type
      • 7.5.4.1.1. Bedroom Furniture
      • 7.5.4.1.2. Living Room & Lounge Furniture
      • 7.5.4.1.3. Others
  • 7.5.5. U.K.
    • 7.5.5.1. Market Analysis, by Product Type
      • 7.5.5.1.1. Bedroom Furniture
      • 7.5.5.1.2. Living Room & Lounge Furniture
      • 7.5.5.1.3. Others
  • 7.5.6. Russia
    • 7.5.6.1. Market Analysis, by Product Type
      • 7.5.6.1.1. Bedroom Furniture
      • 7.5.6.1.2. Living Room & Lounge Furniture
      • 7.5.6.1.3. Others
  • 7.5.7. Rest of Europe
    • 7.5.7.1. Market Analysis, by Product Type
      • 7.5.7.1.1. Bedroom Furniture
      • 7.5.7.1.2. Living Room & Lounge Furniture
      • 7.5.7.1.3. Others

8. Asia Pacific Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. Market Analysis, Insights and Forecast - By Product Type
  • 8.2.1. Bedroom Furniture
  • 8.2.2. Living Room & Lounge Furniture
  • 8.2.3. Others
• 8.3. Market Analysis, Insights and Forecast - By Material
  • 8.3.1. Wood
  • 8.3.2. Metal
  • 8.3.3. Plastic
  • 8.3.4. Others
• 8.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 8.4.1. E-commerce/Online
  • 8.4.2. Retail Outlets/Offline
• 8.5. By Market Analysis, Insights and Forecast - By Country
  • 8.5.1. China
    • 8.5.1.1. Market Analysis, by Product Type
      • 8.5.1.1.1. Bedroom Furniture
      • 8.5.1.1.2. Living Room & Lounge Furniture
      • 8.5.1.1.3. Others
  • 8.5.2. India
    • 8.5.2.1. Market Analysis, by Product Type
      • 8.5.2.1.1. Bedroom Furniture
      • 8.5.2.1.2. Living Room & Lounge Furniture
      • 8.5.2.1.3. Others
  • 8.5.3. Japan
    • 8.5.3.1. Market Analysis, by Product Type
      • 8.5.3.1.1. Bedroom Furniture
      • 8.5.3.1.2. Living Room & Lounge Furniture
      • 8.5.3.1.3. Others
  • 8.5.4. Australia
    • 8.5.4.1. Market Analysis, by Product Type
      • 8.5.4.1.1. Bedroom Furniture
      • 8.5.4.1.2. Living Room & Lounge Furniture
      • 8.5.4.1.3. Others
  • 8.5.5. Rest of Asia Pacific
    • 8.5.5.1. Market Analysis, by Product Type
      • 8.5.5.1.1. Bedroom Furniture
      • 8.5.5.1.2. Living Room & Lounge Furniture
      • 8.5.5.1.3. Others

9. South America Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. Market Analysis, Insights and Forecast - By Product Type
  • 9.2.1. Bedroom Furniture
  • 9.2.2. Living Room & Lounge Furniture
  • 9.2.3. Others
• 9.3. Market Analysis, Insights and Forecast - By Material
  • 9.3.1. Wood
  • 9.3.2. Metal
  • 9.3.3. Plastic
  • 9.3.4. Others
• 9.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 9.4.1. E-commerce/Online
  • 9.4.2. Retail Outlets/Offline
• 9.5. By Market Analysis, Insights and Forecast - By Country
  • 9.5.1. Brazil
    • 9.5.1.1. Market Analysis, by Product Type
      • 9.5.1.1.1. Bedroom Furniture
      • 9.5.1.1.2. Living Room & Lounge Furniture
      • 9.5.1.1.3. Others
  • 9.5.2. Argentina
    • 9.5.2.1. Market Analysis, by Product Type
      • 9.5.2.1.1. Bedroom Furniture
      • 9.5.2.1.2. Living Room & Lounge Furniture
      • 9.5.2.1.3. Others
  • 9.5.3. Rest of South America
    • 9.5.3.1. Market Analysis, by Product Type
      • 9.5.3.1.1. Bedroom Furniture
      • 9.5.3.1.2. Living Room & Lounge Furniture
      • 9.5.3.1.3. Others

10. Middle East & Africa Furniture and Home Furnishing Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. Market Analysis, Insights and Forecast - By Product Type
  • 10.2.1. Bedroom Furniture
  • 10.2.2. Living Room & Lounge Furniture
  • 10.2.3. Others
• 10.3. Market Analysis, Insights and Forecast - By Material
  • 10.3.1. Wood
  • 10.3.2. Metal
  • 10.3.3. Plastic
  • 10.3.4. Others
• 10.4. By Market Analysis, Insights and Forecast - By Distribution Channel
  • 10.4.1. E-commerce/Online
  • 10.4.2. Retail Outlets/Offline
• 10.5. By Market Analysis, Insights and Forecast - By Country
  • 10.5.1. UAE
    • 10.5.1.1. Market Analysis, by Product Type
      • 10.5.1.1.1. Bedroom Furniture
      • 10.5.1.1.2. Living Room & Lounge Furniture
      • 10.5.1.1.3. Others
  • 10.5.2. South Africa
    • 10.5.2.1. Market Analysis, by Product Type
      • 10.5.2.1.1. Bedroom Furniture
      • 10.5.2.1.2. Living Room & Lounge Furniture
      • 10.5.2.1.3. Others
  • 10.5.3. Rest of Middle East & Africa
    • 10.5.3.1. Market Analysis, by Product Type
      • 10.5.3.1.1. Bedroom Furniture
      • 10.5.3.1.2. Living Room & Lounge Furniture
      • 10.5.3.1.3. Others

11. Competitive Landscape

• 11.1. Furniture and Home Furnishing Market, Most Adopted Strategies, 2020-2024
• 11.2. Ranking Analysis, 2024

12. Company Profiles

• 12.1. Cassina S.p.A
  • 12.1.1. Company Overview
  • 12.1.2. Business Overview
  • 12.1.3. Product Portfolio
  • 12.1.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.1.5. Recent Developments
  • 12.1.6. SWOT Analysis
• 12.2. Kimball International, Inc.
  • 12.2.1. Company Overview
  • 12.2.2. Business Overview
  • 12.2.3. Product Portfolio
  • 12.2.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.2.5. Recent Developments
  • 12.2.6. SWOT Analysis
• 12.3. Nilkamal Furniture
  • 12.3.1. Company Overview
  • 12.3.2. Business Overview
  • 12.3.3. Product Portfolio
  • 12.3.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.3.5. Recent Developments
  • 12.3.6. SWOT Analysis
• 12.4. BROWN JORDAN
  • 12.4.1. Company Overview
  • 12.4.2. Business Overview
  • 12.4.3. Product Portfolio
  • 12.4.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.4.5. Recent Developments
  • 12.4.6. SWOT Analysis
• 12.5. Steelcase
  • 12.5.1. Company Overview
  • 12.5.2. Business Overview
  • 12.5.3. Product Portfolio
  • 12.5.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.5.5. Recent Developments
  • 12.5.6. SWOT Analysis
• 12.6. Herman Miller, Inc. (Knoll Inc.)
  • 12.6.1. Company Overview
  • 12.6.2. Business Overview
  • 12.6.3. Product Portfolio
  • 12.6.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.6.5. Recent Developments
  • 12.6.6. SWOT Analysis
• 12.7. Vivono Designs
  • 12.7.1. Company Overview
  • 12.7.2. Business Overview
  • 12.7.3. Product Portfolio
  • 12.7.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.7.5. Recent Developments
  • 12.7.6. SWOT Analysis
• 12.8. American Signature, Inc.
  • 12.8.1. Company Overview
  • 12.8.2. Business Overview
  • 12.8.3. Product Portfolio
  • 12.8.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.8.5. Recent Developments
  • 12.8.6. SWOT Analysis
• 12.9. DURESTA
  • 12.9.1. Company Overview
  • 12.9.2. Business Overview
  • 12.9.3. Product Portfolio
  • 12.9.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.9.5. Recent Developments
  • 12.9.6. SWOT Analysis
• 12.10. Haworth, Inc.
  • 12.10.1. Company Overview
  • 12.10.2. Business Overview
  • 12.10.3. Product Portfolio
  • 12.10.4. Financials (Data as available in public domain and/or on paid databases)
  • 12.10.5. Recent Developments
  • 12.10.6. SWOT Analysis

13. Strategic Recommendations/ Market Opportunities