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Living Room Furniture Market: Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

Furniture has become an integral part for human life since past. It is generally made up of plastic, wood and metal. Furniture is generally kept in house in order to make living environment comfortable. Tables, chairs, and sofa set are the major furniture being used in living room.

The global living room furniture market is growing at a fast pace and is anticipated to attain significant growth over the next seven years from 2026-2023. Rising purchasing power of households along with change in lifestyle, as well as increasing trend of purchasing the living room furniture through an online channel is expected to bolster the growth of living room furniture market till 2023.

At present, North America region captured the major share in revenue of living room furniture market and is expected to dominate over the forecast period. Escalating real estate growth, increasing residential construction and growing personal disposable income in developing countries is anticipated to expand the living room furniture market in Asia pacific over the forecast period. Moreover, shortage of skilled labor especially in China and India, lack of better transport facilities and insufficient infrastructural facilities is likely to hinder the growth of the market.

The global living room furniture market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.     

Global Living Room Furniture Market is segmented on the following bases:

  • By Material
    • Plastic
    • Metal
    • Glass
    • Leather
    • Wood
  • By Price Range
    • Premium
    • Mid
    • Low
  • By Sales Channel
    • Online Store
    • Offline Store
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Australasia
    • Rest of World
      • Latin America
        • Brazil
        • Rest of Latin America
      • Middle-East & Africa
      • Africa

Key Players Identified Across the Value Chain in the Living Room Furniture Market include but are not limited to:

Ashley Furniture, IKEA, Williams-Sonoma, Steelcase, Knoll Inc., Masco Corp, Sears Holdings Corp, KOKUYO Furniture Co.Ltd, Herman Miller Inc., and others

This report offers:

  • An overview of the global living room furniture market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global Living Room Furniture Market
  • This report includes estimation of market sizes for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the Living Room Furniture Market
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