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PUBLISHER: Grand View Research | PRODUCT CODE: 1588699

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PUBLISHER: Grand View Research | PRODUCT CODE: 1588699

Home Furnishing Market Size, Share & Trends Analysis Report By Product (Home Furniture, Home Textiles, Wall Decor, Flooring), By Application, By Region, And Segment Forecasts, 2024 - 2030

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Home Furnishing Market Size & Trends:

The global home furnishing market size was estimated at USD 948.0 billion in 2023 and is expected to grow at a CAGR of 9.0% from 2024 to 2030. The real estate market's health plays a crucial role in driving demand for home decor. A stable housing market encourages renovations and new home purchases, boosting sales of decor products. Rising disposable incomes, especially in emerging economies like China and India, further enhance consumer spending on home aesthetics. Shifting consumer tastes toward sustainability and eco-friendly products are influencing purchasing decisions. As awareness of environmental issues grows, consumers increasingly seek decor items made from sustainable materials34. Additionally, trends such as DIY home improvement projects and personalized decor options are gaining traction, encouraging consumers to invest in unique and customizable items that reflect their individual styles.

With urban living spaces becoming smaller, there is an increasing demand for furniture that serves multiple purposes. Consumers seek stylish yet functional solutions that maximize space while enhancing aesthetic appeal. As more people live in smaller homes, innovative storage solutions that combine functionality with design are becoming essential. The incorporation of innovative technologies into home furnishings is becoming more prevalent. Consumers seek convenient products, such as intelligent lighting and automated furniture solutions. Manufacturers respond to consumer demands with multifunctional furniture that maximizes space utilization while maintaining aesthetic appeal. The limited indoor space has resulted in growing interest in outdoor decor. Urban consumers invest in outdoor furniture and decor to enhance their balconies and patios, creating additional living areas that reflect their style.

The increase in rental living is also expected to be a key market driver in the near future. Urban areas often see a high proportion of rental properties due to high real estate costs. Renters typically move more frequently, leading to a demand for affordable, lightweight, and easily movable furniture. Rental markets encourage furniture that is easy to disassemble and reassemble. Flat-pack furniture from companies like IKEA has thrived in this environment. Renters also look for budget-friendly yet durable options, emphasizing affordability without sacrificing design.

The market is expected to face challenges in the form of higher costs and price-sensitive customers. The market for home furnishing is highly price-sensitive, particularly in emerging economies. Consumers often prioritize affordability over quality, which pressures manufacturers to lower prices while managing rising production costs due to raw material price fluctuations. This dynamic can lead to reduced profit margins and challenges in maintaining product quality. The availability of counterfeit or low-quality products at affordable prices poses a significant challenge for legitimate manufacturers. Consumers may choose these cheaper alternatives over higher-quality options, further restraining market growth.

Economic downturns, inflation, and recession fears can decrease consumer spending on non-essential items like home furnishings. Furniture is often considered a discretionary purchase, and consumers may prioritize essentials over home decor when faced with economic uncertainty.

While e-commerce has expanded the home furnishing market, it also presents significant challenges, especially for traditional brick-and-mortar stores. The shift to online shopping demands robust digital infrastructure, including user-friendly websites, secure payment systems, and efficient delivery options.

Global Home Furnishing Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global home furnishing market report based on product, application, and region:

  • Product Outlook (Revenue, USD Billion, 2018 - 2030)
  • Home Furniture
  • Home Textiles
  • Flooring
  • Wall Decor
  • Others
  • Application Outlook (Revenue, USD Billion, 2018 - 2030)
  • Indoor
  • Outdoor
  • Paper Bags
  • Reusable Containers
  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa
Product Code: GVR-4-68040-483-3

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Product Outlook
  • 2.3. Application Outlook
  • 2.4. Competitive Landscape Outlook

Chapter 3. Home Furnishing Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Penetration & Growth Prospect Mapping
  • 3.3. Industry Value Chain Analysis
    • 3.3.1. Raw Material Outlooks
    • 3.3.2. Manufacturing and Technology Trends
    • 3.3.3. Sales/ Dairy Alternative Channel Analysis
    • 3.3.4. Profit Margin Analysis
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Market Opportunities
    • 3.4.4. Market Challenges
  • 3.5. Industry Analysis - Porter's Five Forces Analysis
  • 3.6. Market Entry Strategies

Chapter 4. Home Furnishing Market: Product Estimates & Trend Analysis

  • 4.1. Home Furnishing Market, by Product: Key Takeaways
  • 4.2. Product Movement Analysis & Market Share, 2023 & 2030
  • 4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Billion)
    • 4.3.1. Home Furniture
      • 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.2. Home Textiles
      • 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.3. Wall Decor
      • 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.4. Flooring
      • 4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.5. Others
      • 4.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 5. Home Furnishing Market: Application Estimates & Trend Analysis

  • 5.1. Home Furnishing Market, by Application: Key Takeaways
  • 5.2. Application Movement Analysis & Market Share, 2023 & 2030
  • 5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
    • 5.3.1. Indoor
      • 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 5.3.2. Outdoor
      • 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 6. Home Furnishing Market: Regional Estimates & Trend Analysis

  • 6.1. Home Furnishing Market: Regional Outlook
  • 6.2. Regional Movement Analysis & Market Share, 2023 & 2030
  • 6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Billion)
    • 6.3.1. North America
      • 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.2. U.S.
        • 6.3.1.2.1. Key country dynamics
        • 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.3. Canada
        • 6.3.1.3.1. Key country dynamics
        • 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.4. Mexico
        • 6.3.1.4.1. Key country dynamics
        • 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.2. Europe
      • 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.2. Germany
        • 6.3.2.2.1. Key country dynamics
        • 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.3. UK
        • 6.3.2.3.1. Key country dynamics
        • 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.4. France
        • 6.3.2.4.1. Key country dynamics
        • 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.5. Italy
        • 6.3.2.5.1. Key country dynamics
        • 6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.6. Spain
        • 6.3.2.6.1. Key country dynamics
        • 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.3. Asia Pacific
      • 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.2. China
        • 6.3.3.2.1. Key country dynamics
        • 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.3. Japan
        • 6.3.3.3.1. Key country dynamics
        • 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.4. India
        • 6.3.3.4.1. Key country dynamics
        • 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.5. Australia & New Zealand
        • 6.3.3.5.1. Key country dynamics
        • 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.6. South Korea
        • 6.3.3.6.1. Key country dynamics
        • 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.4. Central & South America
      • 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.4.2. Brazil
        • 6.3.4.2.1. Key country dynamics
        • 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.5. Middle East & Africa
      • 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.5.2. South Africa
        • 6.3.5.2.1. Key country dynamics

Chapter 7. Competitive Analysis

  • 7.1. Recent Developments & Impact Analysis, by Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Participant's Overview
  • 7.4. Financial Performance
  • 7.5. Product Benchmarking
  • 7.6. Company Market Share Analysis, 2023 (%)
  • 7.7. Company Heat Map Analysis
  • 7.8. Strategy Mapping
  • 7.9. Company Profiles
    • 7.9.1. Wayfair Inc
    • 7.9.2. IKEA
    • 7.9.3. Ashley Furniture Industries Inc.
    • 7.9.4. RH (Restoration Hardware)
    • 7.9.5. Williams-Sonoma, Inc.
    • 7.9.6. La-Z-Boy Inc.
    • 7.9.7. Raymour & Flanigan
    • 7.9.8. American Signature
    • 7.9.9. Oppein Home Group Inc.
    • 7.9.10. Jason Furniture (Hangzhou) Co., Ltd
    • 7.9.11. Steelcase Inc.
Product Code: GVR-4-68040-483-3

List of Tables

  • Table 1. Home Furnishing market - Key market driver analysis
  • Table 2. Home Furnishing market - Key market restraint analysis
  • Table 3. Home Furnishing market estimates & forecast, by product (USD Billion)
  • Table 4. Home Furnishing market estimates & forecast, by Application (USD Billion)
  • Table 5. Home Furnishing market estimates & forecast, by distribution (USD Billion)
  • Table 6. North America Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 7. North America Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 8. North America Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 9. U.S. macro-economic outlay
  • Table 10. U.S. Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 11. U.S. Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 12. U.S. Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 13. Canada macro-economic outlay
  • Table 14. Canada Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 15. Canada Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 16. Canada Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 17. Mexico macro-economic outlay
  • Table 18. Mexico Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 19. Mexico Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 20. Mexico Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 21. Europe Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 22. Europe Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 23. Europe Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 24. Germany macro-economic outlay
  • Table 25. Germany Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 26. Germany Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 27. Germany Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 28. UK macro-economic outlay
  • Table 29. UK Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 30. UK Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 31. UK Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 32. France macro-economic outlay
  • Table 33. France Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 34. France Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 35. France Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 36. Italy macro-economic outlay
  • Table 37. Italy Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 38. Italy Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 39. Italy Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 40. Spain macro-economic outlay
  • Table 41. Spain Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 42. Spain Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 43. Spain Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 44. Asia Pacific Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 45. Asia Pacific Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 46. Asia Pacific Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 47. China macro-economic outlay
  • Table 48. China Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 49. China Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 50. China Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 51. Japan macro-economic outlay
  • Table 52. Japan Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 53. Japan Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 54. Japan Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 55. India macro-economic outlay
  • Table 56. India Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 57. India Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 58. India Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 59. Australia macro-economic outlay
  • Table 60. New Zealand macro-economic outlay
  • Table 61. Australia & New Zealand Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 62. Australia & New Zealand Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 63. Australia & New Zealand Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 64. South Korea macro-economic outlay
  • Table 65. South Korea Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 66. South Korea Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 67. South Korea Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 68. Central & South America Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 69. Central & South America Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 70. Central & South America Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 71. Brazil macro-economic outlay
  • Table 72. Brazil Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 73. Brazil Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 74. Brazil Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 75. Middle East & Africa Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 76. Middle East & Africa Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 77. Middle East & Africa Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 78. South Africa macro-economic outlay
  • Table 79. South Africa Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 80. South Africa Home Furnishing market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 81. South Africa Home Furnishing market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 82. Recent developments & impact analysis, by key market participants
  • Table 83. Company market share, 2023
  • Table 84. Company heat map analysis
  • Table 85. Companies undergoing key strategies

List of Figures

  • Figure 1. Home Furnishing market segmentation
  • Figure 2. Information procurement
  • Figure 3. Primary research pattern
  • Figure 4. Primary research approaches
  • Figure 5. Primary research process
  • Figure 6. Market snapshot
  • Figure 7. Product snapshot
  • Figure 8. Application snapshot
  • Figure 9. Regional snapshot
  • Figure 10. Competitive landscape snapshot
  • Figure 11. Home Furnishing market size, 2018 to 2030 (USD Billion)
  • Figure 12. Home Furnishing market: Penetration & growth prospect mapping
  • Figure 13. Home Furnishing market: Value chain analysis
  • Figure 14. Home Furnishing market: Profit margin analysis
  • Figure 15. Home Furnishing market: Market dynamics
  • Figure 16. Home Furnishing market: Porter's five forces analysis
  • Figure 17. Home Furnishing market, by product: Key Takeaways
  • Figure 18. Home Furnishing market: Product movement analysis, 2023 & 2030 (%)
  • Figure 19. Home furniture market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 20. Home textiles market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 21. Wall decor market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 22. Flooring market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 23. Others market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 24. Home Furnishing market, by application: Key Takeaways
  • Figure 25. Home Furnishing market: Application movement analysis, 2023 & 2030 (%)
  • Figure 26. Home Furnishing market: Regional outlook, 2023 & 2030, (USD Billion)
  • Figure 27. Regional marketplace: Key takeaways
  • Figure 28. North America Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 29. U.S. Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 30. Canada Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 31. Mexico Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 32. Europe Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 33. UK Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 34. Germany Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 35. France Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 36. Italy Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 37. Spain Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 38. Asia Pacific Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 39. China Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 40. Japan Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 41. India Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 42. Australia & New Zealand Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 43. South Korea Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 44. Central & South America Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 45. Brazil Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 46. Middle East & Africa Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 47. South Africa Home Furnishing market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 48. Key company categorization
  • Figure 49. Company market share analysis, 2023
  • Figure 50. Strategic framework of Home Furnishing market
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