Household Furniture Market, Key Competitor's Share, By PercentagesThe Household Furniture Market Research Report from The Business Research Company, offers a growth analysis, size, segmentation, geographies and forecast.
The global household furniture market was valued above $250 billion in 2018. Asia-Pacific was the largest region in the household furniture market in 2018, accounting for about 42% of the global market.
The report on household furniture market analyses and evaluates the global household furniture market, which consists of sales of household furniture such as dining tables, sofas, beds, chairs, bassinets, bookcases, TV stands, juvenile furniture and other household furniture products. Household furniture is made from materials including wood, metal, plastics, reed, rattan, wicker and fiberglass. The report covers two periods – 2014 to 2018, the historic period and 2018 to 2023, the forecast period.
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Household Furniture Market Size
The global household furniture market size is expected to grow to over $347 billion in 2023 at an annual rate of about 8%. Factors such as growth in the residential construction market, rising internet penetration, the rising popularity of eco-friendly products and lifestyle changes are contributing to the growth of the market. The household furniture market is expected to benefit from steady economic growth forecast for many developed and developing countries. The US economy is expected to register a stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow faster than the developed markets in the forecast period.
Inter IKEA Holding B.V. was the largest competitor with around 7% of the household furniture market, followed by Ashley Furniture Industries, Inc. with about 2%, La-Z-Boy Incorporated with about 1%, Steelcase Inc. and Man Wah Holdings Limited (exact figures are mentioned in report).
IKEA is a Swedish multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other useful goods and occasionally home services.
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Company profiles included in the household furniture devices market report are Inter IKEA Holding B.V., Ashley Furniture Industries, Inc., La-Z-Boy Incorporated, Steelcase Inc., Man Wah Holdings Limited.
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