Furniture & Home Furnishing Store Market Size & Share Analysis - Industry Research Report - Growth Trends (2024)

Furniture & Home Furnishing Store Market Analysis

The Furniture and Home Furnishing Store Market size is estimated at USD 518.21 billion in 2024, and is expected to reach USD 631.40 billion by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).

Over the years, trends and new ideas have come and gone in the furniture and home furnishings industry.With increasing housing prices and a shortage of space, furniture and furnishings are being modified to make it possible to live in a smaller space. Through technology and new ideas, sofas, beds, and other types of furniture are getting better and better.

With the start of COVID-19, people were limited in what they could do in their homes, and people around the world were spending more and more time at home. This made people change the way they decorated and furnished their homes. Smart home products observed a continuous increase in purchases as consumers spent more time at home. With a growing percentage of the population working from home, multi-purpose furniture is in high demand, serving a variety of functions. This leads to furniture stores increasing their variety of products.

Over the upcoming period and in recovery from COVID-19, furniture providers started providing customers with a variety of furniture products based on their needs. Brands and stores are adopting the latest technologies to capitalize on and grow their digital marketplaces. For increasing sales and revenue, stores are providing customers with fast and free shipping, financing, a personalized experience, cash and carry, and other options.

Furniture & Home Furnishing Store Market Trends

Increasing popularity of DIY furniture and home decor

North America is Witnessing a Surge in Demand for Home Furnishings

Furniture & Home Furnishing Store Industry Overview

As the economy is recovering from the impact of COVID-19 and the furniture and home furnishings market is recovering from supply chain disruptions and market fluctuations, the focus of furniture and home furnishings stores is on capturing a segment of the market to increase their market share, as a result of which they are focusing on the online and offline modes of their sales. Ashley Furniture Industries, Heritage Home Group, Herman Miller, Inter Ikea Systems, Steelcase, The Home Depot, Bed Bath & Beyond, Nitori Holdings, Williams Sonoma, and Furniture are among the existing stores, competing with each other for a larger share of the market.

Furniture & Home Furnishing Store Market Leaders

1. IKEA

2. The home depot

3. Bed Bath & Beyond

4. Nitori Holdings Co.Ltd

5. Williams-Sonoma Inc

*Disclaimer: Major Players sorted in no particular order

Furniture & Home Furnishing Store Market Report - Table of Contents

1. 1. INTRODUCTION

   1. 1.1 Study Assumptions and Market Definition

   2. 1.2 Scope of the Study

2. 2. RESEARCH METHODOLOGY

3. 3. EXECUTIVE SUMMARY

4. 4. MARKET DYNAMICS AND INSIGHTS

   1. 4.1 Market Overview

   2. 4.2 Market Drivers

   3. 4.3 Market Restraints

   4. 4.4 Industry Value Chain Analysis

   5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

   6. 4.6 Insights of Technology Innovations in the Market

   7. 4.7 Impact of COVID-19 on the Market

5. 5. MARKET SEGMENTATION

   1. 5.1 By Type

      1. 5.1.1 Furniture Stores

      2. 5.1.2 Home Furnishing Stores

   2. 5.2 By Ownership

      1. 5.2.1 Retail Chains

      2. 5.2.2 Independent Stores

   3. 5.3 By Store Type

      1. 5.3.1 Exclusive/Retail Showrooms

      2. 5.3.2 Inclusive Retailers/Dealers Store

   4. 5.4 By Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Middle East

6. 6. COMPETITIVE LANDSCAPE

   1. 6.1 Company Profiles

      1. 6.1.1 Ashley Furniture Industries

      2. 6.1.2 Heritage Home Group

      3. 6.1.3 Herman Miller

      4. 6.1.4 Inter Ikea System

      5. 6.1.5 Steelcase

      6. 6.1.6 The Home Depot

      7. 6.1.7 Bed Bath & Beyond

      8. 6.1.8 Nitori Holdings

      9. 6.1.9 Williams Sonoma

      10. 6.1.10 Global Furniture

   2. *List Not Exhaustive

7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. 8. DISCLAIMER AND ABOUT US

Furniture & Home Furnishing Store Industry Segmentation

Furniture consists of large moveable objects in a room, such as tables and chairs, with home furnishing consisting of the use of furniture products, carpets, etc. to decorate the room. The Furniture And Home Furnishing Store Market is Segmented By Type (Furniture Stores, Home Furnishing Stores), By Ownership (Retail Chains, Independent Stores), By Store Type (Exclusive/Retail Showrooms, Inclusive Retailers/Dealers Stores), and By Geography (North America, Europe, Latin America, Asia-Pacific, The Middle East, and Africa). The Report Offers Market Size And Forecasts for the Furniture and Home Furnishings Stores Market in Volume and Value (USD) for all the Above Segments.

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Furniture and Home Furnishing Store Industry Report

Statistics for the 2024 Furniture And Home Furnishing Store market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Furniture And Home Furnishing Store analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

• Furniture and Home Furnishing Store Market Size
• Furniture and Home Furnishing Store Market Share
• Furniture and Home Furnishing Store Market Trends
• Furniture and Home Furnishing Store Companies

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