Overview:
Furniture has become an integral part of human life since ancient times. It is generally made up of plastic, wood, and metal. Furniture is generally kept in the house in order to make the living environment comfortable. Tables, chairs, and a sofa set are the major pieces of furniture in the 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 to 2023. The rising purchasing power of households, along with changes in lifestyle and the increasing trend of purchasing living room furniture through an online channel, is expected to bolster the growth of the living room furniture market till 2023.
At present, the North American region captured the major share of the revenue of the 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 are anticipated to expand the living room furniture market in Asia Pacific over the forecast period. Moreover, a shortage of skilled labor, especially in China and India, a lack of better transport facilities, and insufficient infrastructural facilities are 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.
The global living room furniture market is segmented on the following basis:
By Material
- Plastic
- Metal
- Glass
- Leather
- Wood
By Price Range
By Sales Channel
- Online Store
- Offline Store
By Geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and 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 the following:
- An overview of the global living room furniture market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 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, launches, 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 an 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.
