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Published On: Feb 8, 2025

Global Furniture and Furnishing Industry Growth and Trends Forecast to 2031

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Summary
According to APO Research, The global Furniture and Furnishing market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.
North American market for Furniture and Furnishing is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for Furniture and Furnishing is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Europe market for Furniture and Furnishing is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
The major global companies of Furniture and Furnishing include IKEA, Ashley Furniture Industries, Tempur Sealy International, Williams-Sonoma, Restoration Hardware, Steelcase, Herman Miller, Kuka Home and Oppein Home Group, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Furniture and Furnishing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Furniture and Furnishing.
The Furniture and Furnishing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Furniture and Furnishing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Furniture and Furnishing Segment by Company
IKEA
Ashley Furniture Industries
Tempur Sealy International
Williams-Sonoma
Restoration Hardware
Steelcase
Herman Miller
Kuka Home
Oppein Home Group
Okamura
HNI Corporation
Sleep Number
Haworth
La-Z-Boy
Serta Simmons Bedding
KOKUYO
Sofia Furniture
Sleemon
Furniture and Furnishing Segment by Type
Home
Office
Hotel
Healthcare
Educational
Furnishing
Others
Furniture and Furnishing Segment by Application
Residential
Commercial
Furniture and Furnishing Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Furniture and Furnishing market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Furniture and Furnishing and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Furniture and Furnishing.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2020-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Furniture and Furnishing companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
Table 1:Global Furniture and Furnishing Market Size (US$ Million) Comparison by Region: 2020 VS 2024 VS 2031
Table 2:Global Furniture and Furnishing Market Size by Region (2020-2025) & (US$ Million)
Table 3:Global Furniture and Furnishing Market Share by Region (2020-2025)
Table 4:Global Furniture and Furnishing Market Size by Region (2026-2031) & (US$ Million)
Table 5:Global Furniture and Furnishing Market Share by Region (2026-2031)
Table 6:Global Furniture and Furnishing Market Size by Type (2020 VS 2024 VS 2031) & (US$ Million)
Table 7:Global Furniture and Furnishing Market Size by Type (2020-2025) & (US$ Million)
Table 8:Global Furniture and Furnishing Market Size Share by Type (2020-2025)
Table 9:Global Furniture and Furnishing Market Size Forecasted by Type (2026-2031) & (US$ Million)
Table 10:Global Furniture and Furnishing Market Size Share Forecasted by Type (2026-2031)
Table 11:North America Furniture and Furnishing Market Size Breakdown by Type (2020-2025) & (US$ Million)
Table 12:North America Furniture and Furnishing Market Size Breakdown by Type (2026-2031) & (US$ Million)
Table 13:Europe Furniture and Furnishing Market Size Breakdown by Type (2020-2025) & (US$ Million)
Table 14:Europe Furniture and Furnishing Market Size Breakdown by Type (2026-2031) & (US$ Million)
Table 15:Asia-Pacific Furniture and Furnishing Market Size Breakdown by Type (2020-2025) & (US$ Million)
Table 16:Asia-Pacific Furniture and Furnishing Market Size Breakdown by Type (2026-2031) & (US$ Million)
Table 17:Latin America Furniture and Furnishing Market Size Breakdown by Type (2020-2025) & (US$ Million)
Table 18:Latin America Furniture and Furnishing Market Size Breakdown by Type (2026-2031) & (US$ Million)
Table 19:Middle East and Africa Furniture and Furnishing Market Size Breakdown by Type (2020-2025) & (US$ Million)
Table 20:Middle East and Africa Furniture and Furnishing Market Size Breakdown by Type (2026-2031) & (US$ Million)
Table 21:Global Furniture and Furnishing Market Size by Application (2020 VS 2024 VS 2031) & (US$ Million)
Table 22:Global Furniture and Furnishing Market Size by Application (2020-2025) & (US$ Million)
Table 23:Global Furniture and Furnishing Market Size Share by Application (2020-2025)
Table 24:Global Furniture and Furnishing Market Size Forecasted by Application (2026-2031) & (US$ Million)
Table 25:Global Furniture and Furnishing Market Size Share Forecasted by Application (2026-2031)
Table 26:North America Furniture and Furnishing Market Size Breakdown by Application (2020-2025) & (US$ Million)
Table 27:North America Furniture and Furnishing Market Size Breakdown by Application (2026-2031) & (US$ Million)
Table 28:Europe Furniture and Furnishing Market Size Breakdown by Application (2020-2025) & (US$ Million)
Table 29:Europe Furniture and Furnishing Market Size Breakdown by Application (2026-2031) & (US$ Million)
Table 30:Asia-Pacific Furniture and Furnishing Market Size Breakdown by Application (2020-2025) & (US$ Million)
Table 31:Asia-Pacific Furniture and Furnishing Market Size Breakdown by Application (2026-2031) & (US$ Million)
Table 32:Latin America Furniture and Furnishing Market Size Breakdown by Application (2020-2025) & (US$ Million)
Table 33:Latin America Furniture and Furnishing Market Size Breakdown by Application (2026-2031) & (US$ Million)
Table 34:Middle East and Africa Furniture and Furnishing Market Size Breakdown by Application (2020-2025) & (US$ Million)
Table 35:Middle East and Africa Furniture and Furnishing Market Size Breakdown by Application (2026-2031) & (US$ Million)
Table 36:Furniture and Furnishing Industry Trends
Table 37:Furniture and Furnishing Industry Drivers
Table 38:Furniture and Furnishing Industry Opportunities and Challenges
Table 39:Furniture and Furnishing Industry Restraints
Table 40:Global Furniture and Furnishing Revenue by Company (US$ Million) & (2020-2025)
Table 41:Global Furniture and Furnishing Revenue Market Share by Company (2020-2025)
Table 42:Global Furniture and Furnishing Industry Company Ranking, 2023 VS 2024 VS 2025
Table 43:Global Furniture and Furnishing Key Company Headquarters & Area Served
Table 44:Global Furniture and Furnishing Company, Product Type & Application
Table 45:Global Furniture and Furnishing Company Commercialization Time
Table 46:Global Company Market Concentration Ratio (CR5 and HHI)
Table 47:Global Furniture and Furnishing by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2024)
Table 48:IKEA Business Overview
Table 49:IKEA Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 50:IKEA Furniture and Furnishing Product Portfolio
Table 51:IKEA Recent Development
Table 52:Ashley Furniture Industries Company Information
Table 53:Ashley Furniture Industries Business Overview
Table 54:Ashley Furniture Industries Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 55:Ashley Furniture Industries Furniture and Furnishing Product Portfolio
Table 56:Ashley Furniture Industries Recent Development
Table 57:Tempur Sealy International Company Information
Table 58:Tempur Sealy International Business Overview
Table 59:Tempur Sealy International Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 60:Tempur Sealy International Furniture and Furnishing Product Portfolio
Table 61:Tempur Sealy International Recent Development
Table 62:Williams-Sonoma Company Information
Table 63:Williams-Sonoma Business Overview
Table 64:Williams-Sonoma Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 65:Williams-Sonoma Furniture and Furnishing Product Portfolio
Table 66:Williams-Sonoma Recent Development
Table 67:Restoration Hardware Company Information
Table 68:Restoration Hardware Business Overview
Table 69:Restoration Hardware Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 70:Restoration Hardware Furniture and Furnishing Product Portfolio
Table 71:Restoration Hardware Recent Development
Table 72:Steelcase Company Information
Table 73:Steelcase Business Overview
Table 74:Steelcase Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 75:Steelcase Furniture and Furnishing Product Portfolio
Table 76:Steelcase Recent Development
Table 77:Herman Miller Company Information
Table 78:Herman Miller Business Overview
Table 79:Herman Miller Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 80:Herman Miller Furniture and Furnishing Product Portfolio
Table 81:Herman Miller Recent Development
Table 82:Kuka Home Company Information
Table 83:Kuka Home Business Overview
Table 84:Kuka Home Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 85:Kuka Home Furniture and Furnishing Product Portfolio
Table 86:Kuka Home Recent Development
Table 87:Oppein Home Group Company Information
Table 88:Oppein Home Group Business Overview
Table 89:Oppein Home Group Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 90:Oppein Home Group Furniture and Furnishing Product Portfolio
Table 91:Oppein Home Group Recent Development
Table 92:Okamura Company Information
Table 93:Okamura Business Overview
Table 94:Okamura Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 95:Okamura Furniture and Furnishing Product Portfolio
Table 96:Okamura Recent Development
Table 97:HNI Corporation Company Information
Table 98:HNI Corporation Business Overview
Table 99:HNI Corporation Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 100:HNI Corporation Furniture and Furnishing Product Portfolio
Table 101:HNI Corporation Recent Development
Table 102:Sleep Number Company Information
Table 103:Sleep Number Business Overview
Table 104:Sleep Number Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 105:Sleep Number Furniture and Furnishing Product Portfolio
Table 106:Sleep Number Recent Development
Table 107:Haworth Company Information
Table 108:Haworth Business Overview
Table 109:Haworth Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 110:Haworth Furniture and Furnishing Product Portfolio
Table 111:Haworth Recent Development
Table 112:La-Z-Boy Company Information
Table 113:La-Z-Boy Business Overview
Table 114:La-Z-Boy Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 115:La-Z-Boy Furniture and Furnishing Product Portfolio
Table 116:La-Z-Boy Recent Development
Table 117:Serta Simmons Bedding Company Information
Table 118:Serta Simmons Bedding Business Overview
Table 119:Serta Simmons Bedding Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 120:Serta Simmons Bedding Furniture and Furnishing Product Portfolio
Table 121:Serta Simmons Bedding Recent Development
Table 122:KOKUYO Company Information
Table 123:KOKUYO Business Overview
Table 124:KOKUYO Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 125:KOKUYO Furniture and Furnishing Product Portfolio
Table 126:KOKUYO Recent Development
Table 127:Sofia Furniture Company Information
Table 128:Sofia Furniture Business Overview
Table 129:Sofia Furniture Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 130:Sofia Furniture Furniture and Furnishing Product Portfolio
Table 131:Sofia Furniture Recent Development
Table 132:Sleemon Company Information
Table 133:Sleemon Business Overview
Table 134:Sleemon Furniture and Furnishing Revenue (US$ Million), Global Share (%) and Gross Margin (2020-2025)
Table 135:Sleemon Furniture and Furnishing Product Portfolio
Table 136:Sleemon Recent Development
Table 137:North America Furniture and Furnishing Market Size Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 138:North America Furniture and Furnishing Market Size by Country (2020-2025) & (US$ Million)
Table 139:North America Furniture and Furnishing Market Share by Country (2020-2025)
Table 140:North America Furniture and Furnishing Market Size Forecast by Country (2026-2031) & (US$ Million)
Table 141:North America Furniture and Furnishing Market Share Forecast by Country (2026-2031)
Table 142:Europe Furniture and Furnishing Market Size Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 143:Europe Furniture and Furnishing Market Size by Country (2020-2025) & (US$ Million)
Table 144:Europe Furniture and Furnishing Market Share by Country (2020-2025)
Table 145:Europe Furniture and Furnishing Market Size Forecast by Country (2026-2031) & (US$ Million)
Table 146:Europe Furniture and Furnishing Market Share Forecast by Country (2026-2031)
Table 147:Asia-Pacific Furniture and Furnishing Market Size Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 148:Asia-Pacific Furniture and Furnishing Market Size by Country (2020-2025) & (US$ Million)
Table 149:Asia-Pacific Furniture and Furnishing Market Share by Country (2020-2025)
Table 150:Asia-Pacific Furniture and Furnishing Market Size Forecast by Country (2026-2031) & (US$ Million)
Table 151:Asia-Pacific Furniture and Furnishing Market Share Forecast by Country (2026-2031)
Table 152:Latin America Furniture and Furnishing Market Size Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 153:Latin America Furniture and Furnishing Market Size by Country (2020-2025) & (US$ Million)
Table 154:Latin America Furniture and Furnishing Market Share by Country (2020-2025)
Table 155:Latin America Furniture and Furnishing Market Size Forecast by Country (2026-2031) & (US$ Million)
Table 156:Latin America Furniture and Furnishing Market Share Forecast by Country (2026-2031)
Table 157:Middle East & Africa Furniture and Furnishing Market Size Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 158:Middle East & Africa Furniture and Furnishing Market Size by Country (2020-2025) & (US$ Million)
Table 159:Middle East & Africa Furniture and Furnishing Market Share by Country (2020-2025)
Table 160:Middle East & Africa Furniture and Furnishing Market Size Forecast by Country (2026-2031) & (US$ Million)
Table 161:Middle East & Africa Furniture and Furnishing Market Share Forecast by Country (2026-2031)
Table 162:Research Programs/Design for This Report
Table 163:Authors List of This Report
Table 164:Secondary Sources
Table 165:Primary Sources
Figure 1:Furniture and Furnishing Product Image
Figure 2:Global Furniture and Furnishing Market Size (US$ Million), 2020 VS 2024 VS 2031
Figure 3:Global Furniture and Furnishing Market Size (2020-2031) & (US$ Million)
Figure 4:Global Furniture and Furnishing Market Share by Region: 2024 VS 2031
Figure 5:Global Furniture and Furnishing Market Share by Region (2020-2031)
Figure 6:North America Furniture and Furnishing Market Size Growth Rate (2020-2031) & (US$ Million)
Figure 7:Europe Furniture and Furnishing Market Size Growth Rate (2020-2031) & (US$ Million)
Figure 8:Asia-Pacific Furniture and Furnishing Market Size Growth Rate (2020-2031) & (US$ Million)
Figure 9:Latin America Furniture and Furnishing Market Size Growth Rate (2020-2031) & (US$ Million)
Figure 10:Middle East & Africa Furniture and Furnishing Market Size Growth Rate (2020-2031) & (US$ Million)
Figure 11:Home Image
Figure 12:Global Home Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 13:Office Image
Figure 14:Global Office Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 15:Hotel Image
Figure 16:Global Hotel Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 17:Healthcare Image
Figure 18:Global Healthcare Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 19:Educational Image
Figure 20:Global Educational Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 21:Furnishing Image
Figure 22:Global Furnishing Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 23:Others Image
Figure 24:Global Others Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 25:Global Furniture and Furnishing Market Size Overview by Type (2020-2031) & (US$ Million)
Figure 26:Global Furniture and Furnishing Market Share by Type 2024 VS 2031
Figure 27:North America Furniture and Furnishing Market Size Share by Type (2020-2031)
Figure 28:Europe Furniture and Furnishing Market Size Share by Type (2020-2031)
Figure 29:Asia-Pacific Furniture and Furnishing Market Size Share by Type (2020-2031)
Figure 30:Latin America Furniture and Furnishing Market Size Share by Type (2020-2031)
Figure 31:Middle East and Africa Furniture and Furnishing Market Size Share by Type (2020-2031)
Figure 32:Residential Image
Figure 33:Global Residential Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 34:Commercial Image
Figure 35:Global Commercial Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 36:Global Furniture and Furnishing Market Size Overview by Application (2020-2031) & (US$ Million)
Figure 37:Global Furniture and Furnishing Market Share by Application 2024 VS 2031
Figure 38:North America Furniture and Furnishing Market Size Share by Application (2020-2031)
Figure 39:Europe Furniture and Furnishing Market Size Share by Application (2020-2031)
Figure 40:Asia-Pacific Furniture and Furnishing Market Size Share by Application (2020-2031)
Figure 41:Latin America Furniture and Furnishing Market Size Share by Application (2020-2031)
Figure 42:Middle East and Africa Furniture and Furnishing Market Size Share by Application (2020-2031)
Figure 43:Global Top 5 and 10 Furniture and Furnishing Players Market Share by Revenue in 2024
Figure 44:Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 45:North America Furniture and Furnishing Market Size by Country: 2020 VS 2024 VS 2031 (US$ Million)
Figure 46:North America Furniture and Furnishing Market Share by Country: 2020 VS 2024 VS 2031
Figure 47:North America Furniture and Furnishing Market Share by Country (2020-2031)
Figure 48:Europe Furniture and Furnishing Market Size by Country: 2020 VS 2024 VS 2031 (US$ Million)
Figure 49:Europe Furniture and Furnishing Market Share by Country: 2020 VS 2024 VS 2031
Figure 50:Europe Furniture and Furnishing Market Share by Country (2020-2031)
Figure 51:Asia-Pacific Furniture and Furnishing Market Size by Country: 2020 VS 2024 VS 2031 (US$ Million)
Figure 52:Asia-Pacific Furniture and Furnishing Market Share by Country: 2020 VS 2024 VS 2031
Figure 53:Asia-Pacific Furniture and Furnishing Market Share by Country (2020-2031)
Figure 54:Latin America Furniture and Furnishing Market Size by Country: 2020 VS 2024 VS 2031 (US$ Million)
Figure 55:Latin America Furniture and Furnishing Market Share by Country: 2020 VS 2024 VS 2031
Figure 56:Latin America Furniture and Furnishing Market Share by Country (2020-2031)
Figure 57:Middle East & Africa Furniture and Furnishing Market Size by Country: 2020 VS 2024 VS 2031 (US$ Million)
Figure 58:Middle East & Africa Furniture and Furnishing Market Share by Country: 2020 VS 2024 VS 2031
Figure 59:Middle East & Africa Furniture and Furnishing Market Share by Country (2020-2031)
Figure 60:Years Considered
Figure 61:Research Process

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Global Furniture and Furnishing Industry Growth and Trends Forecast to 2031

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