Global Household Furniture Market By Segment (Wood Furniture, Metal Furniture, Plastic Furniture), By Company (IKEA Holding B.V, Ashley Furniture Industries, La-Z-Boy Incorporated Country) And By Trends – Global Forecast To 2023

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Household Furniture Market Definition

The household furniture market consists of sales of household furniture products such as dining tables, sofas, beds, chairs, bassinets, bookcases, chairs, TV stands, juvenile furniture and other household furniture products made from materials including wood, metal, plastics, reed, rattan, wicker and fiberglass.

Household Furniture Market Size

The global household furniture market reached a value of nearly $235 billion in 2018, having grown at a compound annual growth rate (CAGR) of more than 6% since 2014.

Growth in the household furniture market in the historic period resulted from the growth in emerging markets, rise in internet penetration, and growth in residential construction. Factor that negatively affected growth in the historic period was lumber supply crisis.

Going forward, economic growth, growing popularity of eco-friendly furniture and changes in lifestyle will drive growth. Factors that could hinder the growth of this market in the future include shortages of skilled workers, trade protectionism and stringent regulations.

Household Furniture Market Drivers

The Key drivers of the household furniture market include:

Growing Popularity of Eco-Friendly Furniture - The household furniture market is expected to benefit from the growing popularity of products made from sustainable raw materials such as rattan. Consumers are showing a preference for furniture with raw materials procured from sustainable sources. Household furniture products made from rattan, which grows faster than wood, are durable and more resistant to wear and tear. This has increased its use in household furniture manufacturing. According to a survey conducted by Furniture Today in 2015, 70% of respondents were willing to pay more for eco-friendly materials.  This rise in the demand for eco-friendly products is likely to drive the household furniture market during the forecast period.

Household Furniture Market Restraints

The key restraints on the household furniture market include:

Lumber Supply Crisis - During the historic period the household furniture market was affected by low supply of timber due to factors such as politics, government regulations on wood production, poor logistics and natural disasters. For instance, the US government imposed tariffs of up to 24% on Canadian lumber exports to the US, which led to higher prices. Similarly, China reduced its deforestation rate from 2.7% annually to 1%, in 2015, limiting the supply of timber. Lumber mills in British Columbia were affected by insect infestations, which had destroyed 16 million hectares of lodge pole pine forests as of 2017. These factors limited the supply of timber, resulting in a shortage of raw materials for the household furniture companies and rising prices in the market, thereby limiting the growth of the market in the historic period.

Household Furniture Market Trends

Major trends influencing the household furniture market include:

Rising Demand for Ready-to-Assemble (RTA) Furniture Products - Ready-to-assemble (RTA) furniture is becoming increasingly popular among homeowners and renters globally, because of lower costs and compact designs. RTA furniture, also known as flat-pack furniture is not assembled by the manufacturer, and is available in parts with instructions to customers on how to assemble the furniture . The demand for RTA furniture products is increasing, especially in developing economies such as China and India, because of compact homes in cities with large populations and the low-cost advantages offered by this type of furniture. Furthermore, RTA furniture benefits manufacturers by eliminating the assembly time and reducing the cost of manufacturing and delivery, allowing them to focus only on design and production of parts.  RTA furniture types include RTA bedroom sets, RTA dressers, RTA computer desks, RTA bookcases, RTA filing cabinets and others.  Major companies offering RTA furniture include IKEA, Dorel and Sauder Woodworking.

Virtual Prototyping - Household furniture companies are using 3D imaging tools for the creation, modification and analysis of designs. This reduces the time and resources required for making physical models. Virtual prototyping allows designers higher flexibility in the designing of furniture products by allowing corrections, testing of new ideas and customization of products according to consumer preferences. Virtual prototyping can be further used in producing models for marketing, thereby cutting costs on traditional advertising photography.  Major companies providing software solutions for virtual prototyping household furniture products include Autodesk and Lectra.

Opportunities In The Household Furniture Market

Opportunities – The top opportunities in the global household furniture market will arise in the wood furniture segment which will gain $13.5 billion of global annual sales by 2023. The household furniture market size will gain the most in China. Household furniture market-trend-based strategies include manufacturing of RTA furniture, usage of virtual prototyping tools, and online retailing options. Player-adopted strategies in the household furniture industry include expansion through mergers and acquisitions and development of new product range.

Household Furniture Market Segmentation

The household furniture market is segmented by type, by area of use and by geography.
By Type - The household furniture market is segmented by type into
    • a) Wood Furniture
    • b) Metal Furniture
    • c) Plastic Furniture
    • d) Others
Wood Furniture had the highest growth rate of nearly 6.5% during the historic period. This growth is mainly due to the fact that customers are preferring wooden furniture products over other kinds because of aesthetic reasons and because they are more resistant to wear and tear and not prone to rust like metal furniture.
By Area Of Use - The household furniture market is segmented by area of use into
    • a) Bedroom Furniture
    • b) Living Room Furniture
    • c) Dining Room Furniture
    • d) Household Furniture
    • e) Others
Bedroom Furniture was the largest segment in the global household furniture market with 53.3% of the market.
By Geography - The household furniture market is segmented into
    • o North America
      • USA
    • o Western Europe
      • UK
      • Germany
      • France
      • Spain
      • Italy
    • o Asia Pacific
      • China
      • Japan
      • India
      • Australia
    • o Eastern Europe
      • Russia
    • o South America
      • Brazil
    • o Middle East
    • o Africa
Asia Pacific is the largest market for household furniture, accounting for almost 42% of the global market. It was followed by Western Europe, North America and then the other regions. Going forward, the Asia-Pacific and Western Europe will be the fastest growing regions in this market.

Household Furniture Competitive Landscape

Major Competitors are:
    • • Inter IKEA Holding B.V.
    • • Ashley Furniture Industries, Inc.
    • • La-Z-Boy Incorporated
    • • Steelcase Inc.
    • • Man Wah Holdings Limited
Other Competitors Include:
    • • Leggett & Platt Incorporated
    • • Ethan Allen Interiors Inc.
    • • Dorel Industries
    • • Herman Miller, Inc.
    • • Flexsteel Industries, Inc.

  1. 1.Executive Summary
  2. 2.Table of Contents
  3. 3.List of Figures
  4. 4.List of Tables
  5. 5.Report Structure
  6. 6.Introduction
    • 6.1.1.Segmentation By Geography
    • 6.1.2.Segmentation By Type-Of-Material
    • 6.1.3.Segmentation By Area Of Use
  7. 7.Household Furniture Market Characteristics
    • 7.1.Market Definition
    • 7.2.Segmentations
  8. 8.Household Furniture Market Development Process And Distribution Channels
    • 8.1.Distribution Channels
  9. 9.Household Furniture Market Customer Information
    • 9.1.Millennials Spend More on Furniture and Bedding Market
    • 9.2.Preference for Eco-friendly Furniture Products
    • 9.3.Furniture Buying Patterns for Millennials
    • 9.4.Preference for Physical Retail Stores
  10. 10.Household Furniture Market Trends and Strategies
    • 10.1.Rising Demand for Ready-to-Assemble (RTA) Furniture Products
    • 10.2.Virtual Prototyping
    • 10.3.Growing Demand for Lightweight and Portable Furniture
    • 10.4.Furniture Manufacturers Adopting Sustainable Approach for Production
    • 10.5.Online Stores Selling Furniture
  11. 11.Household Furniture Market Size And Growth
    • 11.1.Market Size
    • 11.2.Historic Market Growth, Value ($ Billion)
    • 11.3.Drivers Of The Market 2014 – 18
      • 11.3.1.Growth in Emerging Markets
      • 11.3.2.Growth in Residential Construction
      • 11.3.3.Rise in Internet Penetration
    • 11.4.Restraints On The Market 2014 – 2018
      • 11.4.1.Lumber Supply Crisis
    • 11.5.Forecast Market Growth, Value ($ Billion)
    • 11.6.Drivers Of The Market 2018 – 23
      • 11.6.1.Economic Growth
      • 11.6.2.Growing Popularity of Eco-Friendly Furniture
      • 11.6.3.Lifestyle Changes
    • 11.7.Restraints on the Market 2018 – 23
      • 11.7.1.Skilled Worker Shortage
      • 11.7.2.Trade Protectionism
      • 11.7.3.Stringent Regulations
  12. 12.Household Furniture Market Regional And Country Analysis
    • 12.1.Global Household Furniture Market, 2018, By Region, Value ($ Billion)
    • 12.2.Global Household Furniture Market, 2014 – 2023, Historic And Forecast, By Region
    • 12.3.Global Household Furniture Market, 2018, By Country, Value ($ Billion)
    • 12.4.Global Household Furniture Market, 2014 – 2023, Historic And Forecast, By Country
  13. 13.Household Furniture Market Segmentation
    • 13.1.Global Household Furniture Market, Segmentation By Type-Of-Material, 2018, Value ($ Billion)
    • 13.2.Global Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-of-Material
    • 13.3.Global Household Furniture Market, Segmentation By Area of Use
  14. 14.Household Furniture Market Metrics
    • 14.1.Household Furniture Market Size, Percentage Of GDP, Global
    • 14.2.Per Capita Average Household Furniture Market Expenditure, Global
  15. 15.Asia-Pacific Household Furniture Market
    • 15.1.Asia Pacific Household Furniture Market Overview
      • 15.1.1.Region Information
      • 15.1.2.Market Information
      • 15.1.3.Background Information
      • 15.1.4.Investments in the Household Furniture Market
      • 15.1.5.Regulations
      • 15.1.6.Regulatory Bodies
      • 15.1.7.Major Associations
      • 15.1.8.Tax Levied
      • 15.1.9.Corporate Tax Structure
      • 15.1.10.Major Companies
    • 15.2.Asia-Pacific Household Furniture Market, 2014 – 2023
    • 15.3.Asia-Pacific Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 15.4.Asia-Pacific Household Furniture Market, Historic and Forecast CAGR, Segmentation By Type-Of-Material
    • 15.5.Asia-Pacific Household Furniture Market: Country Analysis
    • 15.6.China Household Furniture Market
    • 15.7.China Household Furniture Market, 2014 – 2023
    • 15.8.China Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 15.9.China Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 15.10.Australia Household Furniture Market
    • 15.11.Australia Household Furniture Market, 2014 – 2023
    • 15.12.Australia Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 15.13.Australia Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 15.14.India Household Furniture Market
    • 15.15.Indian Household Furniture Market, 2014 – 2023
    • 15.16.Indian Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 15.17.Indian Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 15.18.Japan Household Furniture Market
    • 15.19.Japan Household Furniture Market, 2014 – 2023
    • 15.20.Japan Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 15.21.Japan Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material Segment
  16. 16.Western Europe Household Furniture Market
    • 16.1.Western Europe Household Furniture Market Overview
      • 16.1.1.Region Information
      • 16.1.2.Market Information
      • 16.1.3.Background Information
      • 16.1.4.Investments and Funding in the Household Furniture Market
      • 16.1.5.Regulations
      • 16.1.6.Regulatory Bodies
      • 16.1.7.Major Associations
      • 16.1.8.Tax Levied
      • 16.1.9.Corporate Tax Structure
      • 16.1.10.Major Companies
    • 16.2.Western Europe Household Furniture Market
    • 16.3.Western Europe Household Furniture Market, 2014 – 2023
    • 16.4.Western Europe Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 16.5.Western Europe Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 16.6.Western Europe Household Furniture Market: Country Analysis
    • 16.7.UK Household Furniture Market
    • 16.8.UK Household Furniture Market, 2014 – 2023
    • 16.9.UK Household Furniture Market Size, 2018, Segmentation By Type-Of-Material
    • 16.10.UK Household Furniture Market, 2014-2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 16.11.France Household Furniture Market
    • 16.12.France Household Furniture Market, 2014 – 2023
    • 16.13.France Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 16.14.French Household Furniture Market, Historic and Forecast, Segmentation By Type-Of-Material, 2014 – 2023
    • 16.15.Germany Household Furniture Market
    • 16.16.Germany Household Furniture Market, 2014 – 2023,
    • 16.17.Germany Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 16.18.Germany Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 16.19.Italy Household Furniture Market
    • 16.20.Italy Household Furniture Market, 2014 – 2023,
    • 16.21.Italy Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 16.22.Italy Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 16.23.Spain Household Furniture Market
    • 16.24.Spain Household Furniture Market, 2014 – 2023
    • 16.25.Spain Household Furniture Market Size, 2018, Segmentation By Type-Of-Material
    • 16.26.Spain Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material Segment
  17. 17.Eastern Europe Household Furniture Market
    • 17.1.Eastern Europe Household Furniture Market Overview
      • 17.1.1.Region Information
      • 17.1.2.Market Information
      • 17.1.3.Background Information
      • 17.1.4.Investments in the Household Furniture Market
      • 17.1.5.Regulations
      • 17.1.6.Regulatory Bodies
      • 17.1.7.Major Associations
      • 17.1.8.Taxes Levied
      • 17.1.9.Corporate Tax Structure
      • 17.1.10.Major Companies
    • 17.2.Eastern Europe Household Furniture Market, 2014 – 2023
    • 17.3.Eastern Europe Household Furniture Market, 2018, Segmentation By Type-Of-Material Segment
    • 17.4.Eastern Europe Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 17.5.Eastern Europe Household Furniture Market: Country Analysis
    • 17.6.Russia Household Furniture Market
    • 17.7.Russia Household Furniture Market, 2014 – 2023
    • 17.8.Russia Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 17.9.Russia Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
  18. 18.North America Household Furniture Market
    • 18.1.North America Household Furniture Market Overview
      • 18.1.1.Region Information
      • 18.1.2.Market Information
      • 18.1.3.Background Information
      • 18.1.4.Investments in the Household Furniture Market
      • 18.1.5.Regulations
      • 18.1.6.Regulatory Bodies
      • 18.1.7.Major Associations
      • 18.1.8.Tax Levied
      • 18.1.9.Corporate Tax Structure
      • 18.1.10.Major Companies
    • 18.2.North America Household Furniture Market, 2014 – 2023
    • 18.3.North America Household Furniture Market Size, 2018, Segmentation By Type-Of-Material
    • 18.4.North America Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 18.5.North America Household Furniture Market: Country Analysis
    • 18.6.USA Household Furniture Market
    • 18.7.USA Household Furniture Market, 2014 – 2023
    • 18.8.USA Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 18.9.USA Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
  19. 19.South America Household Furniture Market
    • 19.1.South America Household Furniture Market Overview
      • 19.1.1.Region Information
      • 19.1.2.Market Information
      • 19.1.3.Background Information
      • 19.1.4.Investments in Household Furniture Market
      • 19.1.5.Regulations
      • 19.1.6.Regulatory Bodies
      • 19.1.7.Major Associations
      • 19.1.8.Tax Levied
      • 19.1.9.Corporate Tax Structure
      • 19.1.10.Major Companies
    • 19.2.South America Household Furniture Market, 2014 – 2023
    • 19.3.South America Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 19.4.South America Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
    • 19.5.South America Household Furniture Market: Country Analysis
    • 19.6.Brazil Household Furniture Market
    • 19.7.Brazil Household Furniture Market, 2014 – 2023
    • 19.8.Brazil Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 19.9.Brazil Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
  20. 20.Middle East Household Furniture Market
    • 20.1.Middle East Household Furniture Market Overview
      • 20.1.1.Region Information
      • 20.1.2.Market Information
      • 20.1.3.Background Information
      • 20.1.4.Investments in the Household Furniture Market
      • 20.1.5.Regulatory Bodies
      • 20.1.6.Major Associations
      • 20.1.7.Tax Levied
      • 20.1.8.Corporate Tax Structure
      • 20.1.9.Major Companies
    • 20.2.Middle East Household Furniture Market, 2014 – 2023
    • 20.3.Middle East Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 20.4.Middle East Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
  21. 21.Africa Household Furniture Market
    • 21.1.Africa Household Furniture Market Overview
      • 21.1.1.Region Information
      • 21.1.2.Market Information
      • 21.1.3.Background Information
      • 21.1.4.Investments in the Household Furniture Market
      • 21.1.5.Regulations
      • 21.1.6.Regulatory Bodies
      • 21.1.7.Major Associations
      • 21.1.8.Tax Levied
      • 21.1.9.Corporate Tax Structure
      • 21.1.10.Major Companies
    • 21.2.Africa Household Furniture Market, 2014 – 2023
    • 21.3.Africa Household Furniture Market, 2018, Segmentation By Type-Of-Material
    • 21.4.Africa Household Furniture Market, 2014 – 2023, Historic and Forecast, Segmentation By Type-Of-Material
  22. 22.Household Furniture Market Competitive Landscape
    • 22.1.Company Profiles
    • 22.2.INTER IKEA HOLDING B.V.
      • 22.2.1.Company Overview
      • 22.2.2.Products And Services
      • 22.2.3.Product Overview
      • 22.2.4.New Product Launch
      • 22.2.5.Business Strategy
      • 22.2.6.Financial Overview
    • 22.3.ASHLEY FURNITURE INDUSTRIES, INC
      • 22.3.1.Company Overview
      • 22.3.2.Products And Services
      • 22.3.3.Product Overview
      • 22.3.4.New Product Launch
      • 22.3.5.Business Strategy
      • 22.3.6.Financial Overview
    • 22.4.LA-Z-BOY INCORPORATED
      • 22.4.1.Company Overview
      • 22.4.2.Products And Services
      • 22.4.3.Product Overview
      • 22.4.4.New Product Launch
      • 22.4.5.Business Strategy
      • 22.4.6.Financial Overview
    • 22.5.MAN WAH HOLDINGS LIMITED
      • 22.5.1.Company Overview
      • 22.5.2.Products And Services
      • 22.5.3.Product Overview
      • 22.5.4.Research and Development
      • 22.5.5.New Product Launch
      • 22.5.6.Business Strategy
      • 22.5.7.Financial Overview
    • 22.6.STEELCASE INC.
      • 22.6.1.Company Overview
      • 22.6.2.Products And Services
      • 22.6.3.Product Overview
      • 22.6.4.Research and Development
      • 22.6.5.New Product Launch
      • 22.6.6.Business Strategy
      • 22.6.7.Financial Overview
  23. 23.Key Mergers And Acquisitions In The Household Furniture Market
    • 23.1.Inter IKEA Holding Acquired Part of IKEA Group Business
    • 23.2.Knoll Acquired Muuto
    • 23.3.Herman Miller Acquired Stake in Naughtone Holdings
    • 23.4.Palliser Furniture Acquired Casana Furniture Company
  24. 24.Opportunities And Strategies
    • 24.1.Global Household Furniture Market In 2023- Countries Offering Most New Opportunities
    • 24.2.Global Household Furniture Market In 2023- Segments Offering Most New Opportunities
      • 24.2.1.Wood Furniture
      • 24.2.2.Metal Furniture
      • 24.2.3.Plastic Furniture
      • 24.2.4.Others
    • 24.3.Global Household Furniture Market In 2023- Growth Strategies
      • 24.3.1.Market Trend Based Strategies
      • 24.3.2.Competitor Strategies
  25. 25.Appendix
    • 25.1.Market Data Sources
    • 25.2.Research Methodology
    • 25.3.Currencies
    • 25.4.Research Inquiries
    • 25.5.The Business Research Company
  26. 26.Copyright and Disclaim
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Use Of 3D Printing Technology And Green Technology In Designing And Production For A Sustainable Environment In The Plastic Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing Industry
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Tracking The Wood Products Supply Chain Process.
Rubber Provides A New Opportunity To Reduce A Vehicle’s Weight.
Breaking A Myth Of Offshoring Profitability In Textile Market.
Eco-friendly Mattresses Give Consumers Eco-friendly Sleep.
Shift To Automation In The Paper Industry To Increase Efficiency.
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