Furniture Statistics By Region, Revenue, Country And Market
Updated · Mar 19, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- Furniture Statistics By Region
- Revenue Change By Segment
- Revenue of Furniture Market By Country
- US Furniture Import Trade Partners
- Expected Spending on Furniture in the USA
- The Importance of Brand Names in Furniture Purchases for US Consumers
- Kitchen and Dining Furniture Market By Country
- Level of Concern About The Unavailability of Furniture 2023
- Furniture eCommerce Revenue By Country
- Change in Furniture Spending Due to Recession in the USA
- Well-known Furniture Online Shops in the USA
- Global Furniture Market Overview
- Recent Innovations in the Furniture Market
- Top Furniture Players and Market Share in 2024
- Conclusion
Introduction
Furniture Statistics: The furniture market, a cornerstone of shaping our living spaces, is a dynamic and ever-changing landscape. From the grand, hand-crafted pieces of old to the flat-pack efficiency of today, furniture has reflected not just our needs but also the cultural and economic shifts of our times. One of the defining trends is the rise of e-commerce.
Online furniture sales have surged in recent years, driven by convenience, wider product selection, and competitive pricing. This has led to a shift in consumer behavior, with customers increasingly researching and purchasing furniture online. Understanding these Furniture Statistics will provide more insightful information about the recent market.
Editor’s Choice
- Between 2024 and 2029, the worldwide furniture market is expected to grow at a Compound annual growth rate of 3.79%.
- Furniture Statistics 2024 shows that the revenue is projected to reach 76.00 billion US dollars in the mentioned year.
- Similar to the worldwide market, the furniture market in the USA is also projected to have living room furniture as the largest segment, valuing USD 94.43 billion in the current year.
- As of 2023, the United States of America, China, and Germany were the largest furniture markets by revenue, contributing significant amounts.
- In 2023, China was the USA’s leading import partner, with a trade value of 20,285.54 million US dollars. In addition, Mexico and Vietnam contributed significantly, as did Canada, Italy, Malaysia, and Indonesia.
- The commercial segment, which includes furniture for offices, hotels, and other businesses, is expected to grow at the fastest rate, with a CAGR of 6.2% from 2023 to 2030.
- The residential segment is the largest, contributing over 60% of the market revenue in 2022. This segment is expected to grow at a CAGR of 5.7% from 2023 to 2030, fueled by increasing demand for living room, bedroom, and kitchen furniture, particularly in urban areas.
- The majority of US consumers are willing to spend between 501 and 1,000 US dollars on furniture in 2024. In addition, 28% and 24% are willing to spend 1001 – 2,500 USD and 1 – 500 USD, respectively.
- The plastic segment is growing rapidly, with a CAGR of 7.0%, driven by the demand for low-cost designer furniture. Innovations in high-performance plastic materials are also contributing to this growth.
- According to a survey conducted by Statista, knowing a brand name while making a furniture purchase is ‘moderately important,’ said 28% of consumers. Only 9% said it is ‘extremely important, while 24% stated it as ‘somewhat important.’
Furniture Statistics By Region
Worldwide
- Furniture Statistics 2024 shows that the revenue is projected to reach 76.00 billion US dollars in the mentioned year.
- Between 2024 and 2029, the worldwide furniture market is expected to grow at a Compound annual growth rate of 3.79%.
- Compared to various segments, living room furniture is projected to be the largest segment, with a market volume of $223.60 billion in 2024.
- With the worldwide market, the United States of America is expected to generate the highest revenue of $263 billion US dollars in 2024.
- As of 2024, the per-person revenue is projected to amount to $98.72.
Revenue Change By Segment
Furniture Statistics 2024 and beyond show that the growth in the furniture market in all segments below is expected to grow significantly, reaching 921.75 billion US dollars by 2029. As of 2024, the total market, including all furniture segments, is valued at 764.95 billion US dollars.
|
Segment |
Year, Revenue (in billion USD) |
|||||||||||
|
2018 |
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
| Bedroom Furniture | 110.80 | 112.60 | 113.80 | 127.00 | 123.20 | 131.30 | 135.70 | 140.70 | 146.00 | 151.40 | 157.00 |
162.70 |
|
Home Décor |
101.20 | 106.60 | 108.70 | 116.70 | 122.40 | 128.30 | 133.60 | 139.00 | 144.60 | 150.30 | 156.00 | 161.70 |
| Home Office Furniture | 40.04 | 40.82 | 41.68 | 46.56 | 45.05 | 48.05 | 49.61 | 51.33 | 53.16 | 55.04 | 57.01 |
59.98 |
|
Kitchen & Dining Furniture |
68,84 | 70.21 | 72.40 | 80.70 | 78.26 | 83.89 | 86.73 | 89.80 | 93.02 | 96.30 | 99.69 | 103.10 |
| Lamps and Lightning | 66.87 | 68.30 | 69.66 | 78.18 | 75.54 | 80.86 | 83.61 | 86.64 | 89.85 | 93.15 | 96.62 |
100.10 |
|
Living Room Furniture |
179.50 | 183.30 | 184.50 | 207.50 | 202.70 | 215.60 | 223.60 | 232.50 | 242.10 | 252.00 | 262.50 | 273.00 |
| Outdoor Furniture | 41.89 | 42.56 | 43.45 | 48.44 | 47.31 | 50.40 | 52.10 | 53.97 | 55.94 | 57.96 | 60.07 |
62.17 |
(Source: statista.com)
Americas
- Furniture Statistics show that the American market is estimated to reach $328.80 billion in terms of revenue in 2024
- Furthermore, between 2024 and 2029, it is projected to grow at an annual rate of 3.71%.
- The per-person revenue compared to the entire US population is projected to amount to US$323.40 in 2024.
- Similar to the worldwide market, the furniture market in the USA is also projected to have living room furniture as the largest segment, valuing US$94.43 billion in the current year.
Asia
- As of 2024, the Asian furniture market is expected to generate a revenue of US$172.80 billion.
- In addition, the market is projected to grow at a CAGR of 5.93% between 2024 and 2029.
- Compared to the entire Asian population, the per-person revenue is projected to amount to 263 billion US dollars.
Africa
- As of today, the African market is valued at US$17.76 billion.
- Between 2024 and 2029, the market is projected to grow at a CAGR of 2.55%.
- Concerning the African population, the projected per-person revenue will be $13.66 in 2024.
Australia and Oceania
- As of today, the market is projected to generate a revenue of 13.88 billion US dollars. In addition, by 2028, the expected rate of annual growth is 4.55%.
- The per-person revenue in 2024 is projected to amount to US$319.50, compared to Australia and Oceania populations.
Europe
- Based on Furniture Statistics, the European market is projected to grow at a CAGR of 2.26% between 2024 and 2029.
- Living room furniture is estimated to be the largest market in Europe, with a market volume of US$60.87 billion in 2024.
- Furthermore, the per-person revenue is expected to amount to $274.60 in 2024.
Revenue of Furniture Market By Country
As of 2023, the United States of America, China, and Germany were the largest furniture markets by revenue, contributing significant amounts.
| Country | Revenue (in million US dollars) |
| United States | 253,846.12 |
| China | 82,076.35 |
| Germany | 53,520.06 |
| France | 25,772.23 |
| United Kingdom | 23,061.18 |
| Japan | 21,165.05 |
| Canada | 18,503.58 |
| Russia | 16,830.34 |
| Brazil | 13,255.42 |
| Australia | 11,218.66 |
| Netherlands | 10,797.04 |
| Spain | 10,031.46 |
| Mexico | 9,738.88 |
| South Korea | 9,291.11 |
| Sweden | 8,751.06 |
| Saudi Arabia | 8,102.53 |
| Poland | 7,940.21 |
| Turkey | 7,205.04 |
| Belgium | 5,921.3 |
| Austria | 5,866.77 |
| Switzerland | 5,612.65 |
(Source: statista.com)
US Furniture Import Trade Partners
(Reference: statista.com)
Furniture Statistics 2023 identified that, in the mentioned year, China was the USA’s leading import partner with a trade value of 20,285.54 million US dollars. In addition, Mexico and Vietnam also contributed heavily, as did Canada, Italy, Malaysia, and Indonesia.
Expected Spending on Furniture in the USA
(Reference: statista.com)
Furniture Statistics show that the majority of US consumers are willing to spend between 501 and 1,000 US dollars on furniture in 2024. In addition, 28% and 24% are willing to spend 1001 – 2,500 USD and 1 – 500 USD, respectively.
The Importance of Brand Names in Furniture Purchases for US Consumers
(Reference: statista.com)
According to a survey conducted by Statista, knowing a brand name while making a furniture purchase is ‘moderately important,’ said 28% of consumers. Only 9% said it is ‘extremely important, while 24% stated it as ‘somewhat important.’ On the other hand,23% voted for the extreme opposite opinion, saying ‘not important.’
Kitchen and Dining Furniture Market By Country
| Country | Revenue (in million US dollars) |
| United States | 37,447.98 |
| Germany | 7,967.61 |
| China | 4,829.32 |
| France | 3,218.87 |
| Italy | 2,811.42 |
| Canada | 1,946.77 |
| Australia | 1,697.74 |
| Sweden | 1,531.64 |
| Netherlands | 1,424.45 |
| Japan | 1,303 |
| Russia | 1,176.28 |
| Brazil | 818.6 |
| Switzerland | 805.88 |
| Spain | 785.6 |
| Austria | 772.63 |
| Denmark | 675.58 |
| South Korea | 599.36 |
| Saudi Arabia | 584.42 |
| Poland | 500.47 |
| Norway | 488.08 |
(Source: statista.com)
(Reference: statista.com)
Furniture Statistics 2023 mentions that the majority of consumers worldwide were not at all concerned about the unavailability of furniture. On the other hand, 17% said the opposite, saying they were highly concerned. 42% of the consumers collectively said ‘somewhat’ and ‘slightly’ concerned about the same.
Furniture eCommerce Revenue By Country
(Reference: statista.com)
In 2024, the United States was the biggest market for furniture on eCommerce worldwide, with a revenue of 125 billion US dollars. China, Germany, Japan, and the United Kingdom were also larger markets.
Change in Furniture Spending Due to Recession in the USA
(Reference: statista.com)
More than 40% of consumers in the USA said they can easily cut their furniture expenses. However, 36% said they could live without furniture for a while. On the other hand, 21% of consumers were ready to buy furniture at the same rate in 2023.
Well-known Furniture Online Shops in the USA
(Reference: statista.com)
In 2023, Lowe’s, The Home Depot, and Kohl’s were the leading furniture online shops by brand awareness, with more than 90% brand awareness. Overall, Furniture Statistics show that, in the previous year, online stores were more favorable than offline stores.
In addition, Statista provides the following furniture products that American consumers were planning to purchase in 2024.
| Furniture Products | Share of respondents |
| Sofa/Loveseat | 34% |
| Mattress | 32% |
| Bedroom furniture | 31% |
| Lightning | 30% |
| Outdoor Furniture | 23% |
| Dining room furniture | 19% |
| Kitchen table furniture | 18% |
| Storage Cabinets | 17% |
| Recliner | 16% |
| Sectional | 15% |
| Office furniture | 15% |
| Media Console | 13% |
| Teen/Kid’s furniture | 12% |
| Accent Chair | 12% |
| Accent table(s) | 12% |
| Baby Furniture | 8% |
| Sideboard/buffet tables | 7% |
| Other | 2% |
(Source: statista.com)
Global Furniture Market Overview
The global furniture market is poised for substantial growth over the next decade. In 2024, it is expected to reach approximately USD 649.8 billion, with a projected compound annual growth rate (CAGR) of 5.3%, with an aim of USD 1,089.1 billion by 2034.
Market Share By Segment
By Product Type
- Beds: This segment dominated the furniture market in 2022, accounting for over 25% of the revenue. Bed popularity is driven by consumer preference for high-end products and technological advancements in home furnishings. Trends in bedroom renovations also play a significant role in this segment’s growth.
- Sofas and Couches: This segment is expected to grow at a CAGR of 7.1% from 2023 to 2030. The increase in homeownership, particularly among millennials who are investing in older homes that require refurbishment, is a major growth driver for this segment.
- Other Products: This category includes tables, chairs, stools, wardrobes, shelves, and cabinets, all of which contribute to the market’s diversity and growth.
By Material
- Wood: Wood remains the dominant material in the furniture market, holding a market share of around 40% in 2022. The demand for wood furniture is driven by its sustainability and premium appeal.
- Plastic: This segment is growing rapidly with a CAGR of 7.0%, driven by the demand for low-cost designer furniture. Innovations in high-performance plastic materials are also contributing to this growth.
- Metal and Glass: These materials continue to be significant in the market, offering durability and modern aesthetics.
By Application
- Residential: The residential segment is the largest, contributing over 60% of the market revenue in 2022. This segment is expected to grow at a CAGR of 5.7% from 2023 to 2030, fueled by increasing demand for living room, bedroom, and kitchen furniture, particularly in urban areas.
- Commercial: The commercial segment, which includes furniture for offices, hotels, and other businesses, is expected to grow at the fastest rate, with a CAGR of 6.2% from 2023 to 2030. The rising demand for office space and the expansion of the hospitality sector are key drivers.
By Distribution Channel
- Home Centers and Specialty Stores: These traditional channels continue to play a vital role in furniture sales.
- Online Stores: The online segment is rapidly growing, driven by the increasing preference for e-commerce platforms among consumers
Recent Innovations in the Furniture Market
The furniture market has seen several innovations aimed at enhancing functionality and sustainability:
- Smart Furniture: The introduction of smart furniture, which incorporates technology for enhanced functionality, is gaining popularity. This includes items like smart beds, adjustable desks, and furniture with built-in charging stations.
- Eco-friendly Furniture: There is a growing demand for furniture made from sustainable and recycled materials. This trend is driven by increasing environmental awareness and consumer preference for green products.
- Multipurpose Furniture: With the rise of urbanization and smaller living spaces, there is a significant trend towards multipurpose furniture that maximizes space utilization. Examples include sofa beds, expandable tables, and modular furniture systems.
Several key players dominate the global furniture market. Here are some of the top companies and their market strategies:
- IKEA: Known for its affordable and stylish furniture, IKEA continues to lead the market with a strong global presence.
- Ashley Furniture Industries Inc.: This company is a major player in both the residential and commercial segments and is known for its extensive product range and quality.
- Herman Miller Inc.: Specialises in innovative office furniture solutions and is expanding its reach through strategic partnerships and new product launches.
Other notable players include Steelcase Inc., HNI Corporation, La-Z-Boy Inc., and Williams-Sonoma Inc. These companies focus on continuous product innovation and expanding their market presence through acquisitions and partnerships.
Future Planned Product Innovations
Future innovations in the furniture market are expected to focus on enhancing sustainability, functionality, and integration of technology:
- Increased Use of Sustainable Materials: Companies are investing in materials like bamboo, recycled plastic, and sustainably sourced wood to cater to the eco-conscious consumer base.
- Technological Integration: The development of furniture with integrated smart technology is expected to grow, with features like voice control, IoT connectivity, and adaptive ergonomics becoming more common.
- Customizable and Modular Designs: As consumer preferences continue to shift towards personalization, furniture that can be customized and adapted to individual needs is likely to see increased demand.
In summary, the global furniture market is on a robust growth trajectory, driven by innovations in product design, material sustainability, and the rising demand for both residential and commercial furniture. Leading companies are focusing on expanding their product lines and integrating advanced technologies to meet evolving consumer needs.
Conclusion
In conclusion, the furniture industry has shown significant growth, driven by increased consumer demand and innovation in design and materials. Market trends indicate a rising preference for sustainable and multifunctional furniture, reflecting changing consumer priorities. With continued investment in technology and eco-friendly practices, the industry is poised for sustained expansion
Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.
