The World Upholstered Furniture Industry

CSIL's Research Report 'The world upholstered furniture industry' offers a comprehensive picture of the global upholstered furniture industry through key statistics, such as production, consumption, and international trade of upholstered furniture for the time series 2014-2023, along with market forecasts for 2024 and 2025. The report also provides detailed profiles of the leading manufacturers worldwide, and a focus on the Top 20 countries in the upholstered furniture sector.

INTRODUCTION AND EXECUTIVE SUMMARY

An executive summary introduces the analysis and provides CSIL's assessments regarding various aspects of the upholstered furniture market, including an overview, regional and country analysis, competitive landscape, globalization, nearshoring, trade tensions, and market outlook.

Furthermore, the report presents key findings and CSIL's analysis of manufacturers' strategies to address the recent market challenges based on CSIL's surveys and interviews conducted from March to May 2024, which targeted the major global manufacturers in the upholstered furniture industry.

UPHOLSTERED FURNITURE: WORLD MARKET OUTLOOK

The report highlights the largest upholstered furniture markets , the growth and openness to imports, and the role of major exporting countries in the world marketplace. The analysis of the global production of upholstered furniture outlines the major producing countries and provides a breakdown by covering material (leather, fabric, other).

Prospects of the world trade of upholstered furniture and market scenarios 2024 and 2025 are based on CSIL analysis of industry dynamics and macroeconomic indicators.

World consumption and production of upholstered furniture are broken down by geographical area: European Union (27) + UK, Norway, Switzerland, and Iceland; Central and Eastern Europe outside the EU & Russia; Asia and Pacific; the Middle East and Africa; North America; South America.

The breakdown of upholstered furniture production by covering material (leather, fabric, and other covering) is provided by geographical area (European Union (27) + UK, Norway, Switzerland, and North America, Asia and Pacific) and for a selection of major producing countries.

KEY MARKETS AND COUNTRIES IN THE GLOBAL UPHOLSTERED FURNITURE SECTOR:

The report focuses on the Top 20 world upholstered furniture countries (Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Lithuania, Mexico, Poland, Romania, South Korea, Spain, Sweden, Turkiye, United Kingdom, United States, Vietnam), providing:

• Upholstered furniture production, apparent consumption, exports, and imports for the years 2014-2023 and forecasts of yearly changes in upholstered furniture consumption in 2024 and 2025.
• Production of upholstered furniture in quantity: 2018-2023 for China, United States, Poland, Italy, Germany, United Kingdom, Turkiye, Mexico, Brazil, Spain, Canada, Romania, Australia, France, Lithuania, Sweden, Japan, Vietnam, India and South Korea.
• Breakdown of production value by covering material (leather, fabric, and other) for China, United States, Vietnam, Poland, Italy, India, United Kingdom, Germany, Mexico, Canada, Spain, France, and Lithuania.
• Competitive landscape: Major upholstered furniture manufacturers in the country, with short profiles (for a total of around 750 considered firms) with Company name, Headquarters/Main Location, Telephone, Web, Email address, Activity, Product Portfolio, Total Turnover range, Employees range, Exports share on total turnover, Manufacturing plants, Upholstered furniture production of total revenues.
• Upholstered furniture exports by country of destination and imports by country of origin.
• Socio-economic indicators, including population forecasts and resident population in main cities and projected growth.

Moreover, for the 70 most important countries for upholstery production, consumption, and trade , including the Top 20, the study provides summary tables: historical series on production, consumption, and trade of upholstered furniture, the openness of the sector to foreign trade, consumption growth (forecasts), the origin of imports, the destination of exports and country rankings to place all statistics in a broader worldwide context.

LEADING MANUFACTURERS IN THE WORLD UPHOLSTERED FURNITURE INDUSTRY

A special section provides detailed company profiles for the 30 leading upholstered furniture manufacturers worldwide: headquarters, activity and product portfolio, turnover (last available year), controlled companies and subsidiaries, brands, financial performance (last 3 years for total revenues and employees), recent M&A operations, export sales, production facilities.

CONSIDERED COUNTRIES: Algeria, Argentina, Australia, Austria, Bahrain, Belgium, Bosnia-Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Ghana, Greece, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kazakhstan, Kuwait, Latvia, Lebanon, Lithuania, Malaysia, Malta, Mexico, Morocco, Netherlands, New Zealand, Norway, Oman, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan (China), Thailand, Turkiye, Ukraine, United Arab Emirates, United Kingdom, United States, Vietnam.

Highlights:

Consumption of upholstered furniture 2014-2023.
Current USD billion

Source: CSIL

The global upholstered furniture market is sizable and accounts for around 16% of the total furniture market. After the extraordinary growth in the aftermath of the pandemic, it contracted in 2023, returning to pre-pandemic levels.

The forecast for the upholstered furniture industry indicates that after a challenging 2024 for the global market, consumption is expected to slightly increase in 2025. The Asia-Pacific and Middle East regions are projected to be the most promising markets.