How Has The Furniture Stores Market Size Evolved In Recent Years?
The furniture stores market has seen considerable growth due to a variety of factors.
• In recent years, the furniture store industry has seen a consistent increase in market size. A rise from $295.17 billion in 2024 to $320.1 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 8.4% is expected. Factors contributing to this upward trajectory during the historical period include trends in the housing market and homeownership rates, fluctuations in consumer spending and the broader economy, evolving interior design styles, the rise of urban living and smaller living spaces, as well as varying population demographics and age groups.
What Are The Predictions for The Furniture Stores Market in the Coming Years?
The Furniture Stores market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of furniture stores is anticipated to exhibit substantial growth in the upcoming years, expanding to $421.77 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%.
The surge in the projected period is owed to factors such as the rise of e-commerce and online furniture retail, sustainable and eco-friendly furniture, customization and personalization trends, flexible and multifunctional furniture designs, and the growing significance of home décor. The forecast period will see trends such as the use of augmented reality for shopping, emergence of direct-to-consumer brands, challenges in the global supply chain, incorporation of health and wellness in design, and experiential retail.
Which Drivers Are Accelerating Growth In The Furniture Stores Market?
The growth of the furniture stores market is projected to be driven by the burgeoning demand for furniture. Furniture, which includes movable items designed to accommodate various human tasks such as sitting, dining, and storing items like chairs, tables, desks, and cabinets, is becoming more popular due to evolving home decorating and renovation trends worldwide. This is fueling the growth of the furniture stores market. For example, a report from Hollywood Mirror, a UK-based interior design firm, indicated in February 2023 that furniture manufacturing produced about $3.22 billion. Moreover, in 2021, UK manufacturers sold 5.58 million units of wooden bedroom furniture. Consequently, the market growth of furniture stores is being propelled by the consistent rise in demand for furniture.
What Are The Core Segments Of The Global Furniture Stores Market?
The furniture stores market covered in this report is segmented –
1) By Material: Wood, Metal, Plastic, Other Material types
2) By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture
3) By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels
4) By End-User: Residential, Office, Hotel, Other End-Users
Subsegments:
1) By Wood: Solid Wood, Engineered Wood, Reclaimed Wood
2) By Metal: Steel, Aluminum, Iron
3) By Plastic: Polypropylene, Polycarbonate, PVC
4) By Other Material Types: Fabric, Glass, Rattan Or Wicker
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Which Emerging Trends Are Reshaping The Furniture Stores Market Size?
The ongoing technological revolution is a growing trend in the furniture stores market. Major participants in the market are focusing their endeavors on developing groundbreaking technologies to reinforce their market standing. For example, IKEA, a home furnishings enterprise based in Sweden, unveiled IKEA Kreativ in June 2022, an AI-driven platform enabling customers to create realistic room designs. IKEA Kreativ is a software solution featuring spatial computing, machine learning, and 3D mixed reality technologies designed to assist in room design. This innovation offers customers the foremost genuinely integrated method to design and visualize their living spaces on both mobiles and desktops.
Who Are the Key Players In The Furniture Stores Market?
Major companies operating in the furniture stores market include:
• Steelcase Inc.
• HNI Corporation
• Ashley Furniture Industries Inc.
• Inter IKEA Systems B.V.
• Herman Miller Inc.
• Global Furniture USA
• Restoration Hardware Inc.
• Williams-Sonoma Inc.
• La-Z-Boy Inc.
• Raymour and Flanigan Furniture and Mattresses
• American Signature Inc.
• Kimball International Inc.
• Okamura Corporation
• Durham Furniture Inc.
• Urban Office Interiors Ltd.
• Berkshire Hathaway Inc.
• Rooms To Go Inc.
• Ethan Allen Interiors Inc.
• Havertys Furniture Companies Inc.
• Bassett Furniture Industries Inc.
• Bob's Discount Furniture LLC
• Value City Furniture Inc.
• W.S. Badcock Corporation
• Jordan's Furniture Inc.
• City Furniture Inc.
• El Dorado Furniture Inc.
• Kane's Furniture Inc.
• Baer's Furniture Inc.
• Slumberland Furniture Inc.
• The Dump Furniture Outlet
What Are The Regional Insights Into The Furniture Stores Market?
Asia-Pacific was the largest region in the furniture stores market in 2024. It is expected to be fastest region in the furniture stores market report during the forecast period. The regions covered in the furniture stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
