Furniture Stores Market Report 2025

The furniture stores market size has grown strongly in recent years. It will grow from $295.17 billion in 2024 to $320.1 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to housing market trends and homeownership rates, consumer spending and economic conditions, interior design trends and aesthetics, urbanization and small living spaces, population demographics and age groups.

The furniture stores market size is expected to see strong growth in the next few years. It will grow to $421.77 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to e-commerce and online furniture retail, sustainability and eco-friendly furniture, customization and personalization trends, flexible and multifunctional furniture designs, rising importance of home décor. Major trends in the forecast period include augmented reality for shopping, rise of direct-to-consumer brands, global supply chain challenges, health and wellness in design, experiential retail.

The growing demand for furniture is anticipated to drive the expansion of the furniture stores market in the future. Furniture includes movable items designed to facilitate various human activities, such as seating, eating, and storage, with examples like tables, chairs, desks, and cabinets. The rising trends in home decoration and renovation among the global population are contributing to the increasing demand for furniture, which in turn will boost the growth of furniture stores. For example, in February 2023, a report from Hollywood Mirror, a UK-based interior design company, indicated that furniture manufacturing generated approximately $3.22 billion. Furthermore, in 2021, UK manufacturers sold 5.58 million pieces of wooden bedroom furniture. Thus, the increasing demand for furniture is fueling the growth of the furniture stores market moving forward.

The furniture stores market is expected to experience growth propelled by the rising disposable income of homeowners. Disposable income, denoting the funds available for spending and saving after accounting for income taxes, plays a pivotal role in shaping consumer behavior. With an increase in disposable income, homeowners are inclined to invest in home improvement projects, notably the acquisition of new furniture, to enhance the overall aesthetics of their living spaces. Statistics from March 2023, sourced from Statistics Iceland, indicate a noteworthy 9.2% increase in household gross disposable income from 2021 to 2022. Disposable income per capita reached $0.35 million (4.9 million ISK) in 2022, reflecting a 6.5% surge from the previous year. This heightened disposable income among homeowners is a significant factor driving the growth of the furniture stores market.

Technological advancements are emerging as a prominent trend in the furniture stores market. Major industry players are strategically investing in innovative technologies to fortify their market positions. An exemplary illustration is IKEA, a Sweden-based home furnishings company, introducing IKEA Kreativ in June 2022. This AI-powered experience employs spatial computing, machine learning, and 3D mixed reality technology to empower customers in creating lifesuch as room designs. IKEA Kreativ stands out as a cutting-edge solution, offering customers an integrated and immersive way to design and visualize living spaces seamlessly on smartphones and desktops. This technological trend underscores the commitment of market leaders to enhancing customer experiences and staying at the forefront of the evolving furniture retail landscape.

Leading companies within the furniture stores market are strategically leveraging partnerships to amplify their geographical presence and gain a competitive advantage. These strategic collaborations involve synergies between furniture stores, manufacturers, and additional retail entities to elevate their product offerings, extend market outreach, and enhance customer engagement. A noteworthy example of such collaboration unfolded in August 2023 when Shivalik Group, an India-based real estate developer, entered into a strategic partnership with Stanley Furniture, a fully integrated luxury furniture manufacturer in India. This partnership facilitated the establishment of opulent furniture showrooms spanning 7,500 square feet across Gujarat, India. The expansive range of offerings within these showrooms includes high-quality sofas, wardrobes, beds, mattresses, cabinets, and various other furnishings. Customers are presented with an extensive collection of upscale home furnishing solutions, showcasing exquisite craftsmanship, avant-garde designs, and meticulously curated items upon entering these stores.

In March 2024, Ashley Home, a US-based furniture manufacturing company, acquired Resident Home for an undisclosed amount. This acquisition aims to allow Resident to broaden its home furnishings offerings, thereby increasing the variety of products available to consumers. Resident Home is a US-based direct-to-consumer (D2C) company that specializes in the mattress and bedding 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.

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. The countries covered in the furniture stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A furniture store is an establishment that offers a wide array of furniture items, including carpets, often featuring extensive space and storage areas. Customers have the opportunity to physically experience the furniture on display and explore various options available.

Primary materials used in furniture production include wood, metal, plastic, and other materials. Wood, derived from trees' branches and trunks, serves as a robust construction material or an energy source. Furniture made from wood is available across different price ranges, spanning high-end, medium-priced, and low-priced segments. These products are distributed through diverse channels such as home centers, flagship stores, specialty stores, online platforms, and others. They cater to a broad spectrum of end-users including residential, office, hotel, and other commercial sectors.

The furniture stores market research report is one of a series of new reports that provides furniture stores market statistics, including furniture stores industry global market size, regional shares, competitors with a furniture stores market share, detailed furniture stores market segments, market trends and opportunities, and any further data you may need to thrive in the furniture stores industry. This furniture stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The furniture stores market includes revenues earned by entities by providing bedroom furniture, bathroom furniture, kitchen furniture, and decorative furniture. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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