Product Code: ETC049865 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The upholstered furniture market in Thailand refers to the segment of the furniture industry that includes sofas, chairs, and other seating furniture with fabric or leather upholstery. Upholstered furniture is an essential part of the home and commercial interiors, and its demand is closely tied to consumer preferences, interior design trends, and overall economic conditions. Before the Covid-19 pandemic, the Thailand upholstered furniture market was experiencing steady growth, driven by urbanization, increasing disposable income, and changing lifestyles. The pandemic had a significant impact on the market, disrupting consumer spending and manufacturing operations.
The growing urban population and housing market development have increased the demand for upholstered furniture in residential properties. As disposable income levels rise, consumers are more willing to invest in higher-quality and aesthetically pleasing upholstered furniture. Changing interior design preferences and the need for stylish and comfortable furniture have driven demand for innovative upholstered pieces. The demand for upholstered furniture in the hospitality and commercial sectors, such as hotels, restaurants, and offices, has been significant. The rise of e-commerce platforms has made it easier for consumers to explore a wide range of upholstered furniture options and make purchases online.
Economic uncertainties and fluctuations in the Thailand economy can impact consumer spending on non-essential items like furniture. Non-upholstered furniture, such as wooden or metal furniture, presents competition for the upholstered furniture market. Sustainable and eco-friendly furniture choices are becoming more critical for consumers, posing challenges for some segments of the upholstered furniture market. The upholstered furniture market heavily relies on raw materials and imports, making it susceptible to supply chain disruptions.
The Covid-19 pandemic had a significant impact on the Thailand upholstered furniture market. The furniture industry faced disruptions in production and distribution due to lockdowns and restrictions. Consumer spending on non-essential items like furniture declined during the pandemic, affecting the market`s overall growth. However, the shift towards work-from-home arrangements and increased focus on home comfort drove demand for certain segments of upholstered furniture, such as home office chairs and sofas.
The Thailand upholstered furniture market includes both domestic and international manufacturers and retailers. Some key players in the market include: Index Living Mall, SB Furniture, Modernform Group Public Company Limited, Chanintr Living, IKEA, Ashley Furniture Home Store.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Upholstered Furniture Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Upholstered Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Upholstered Furniture Market - Industry Life Cycle |
3.4 Thailand Upholstered Furniture Market - Porter's Five Forces |
3.5 Thailand Upholstered Furniture Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Thailand Upholstered Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Upholstered Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Upholstered Furniture Market Trends |
6 Thailand Upholstered Furniture Market, By Types |
6.1 Thailand Upholstered Furniture Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Thailand Upholstered Furniture Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Thailand Upholstered Furniture Market Revenues & Volume, By Chair, 2021-2031F |
6.1.4 Thailand Upholstered Furniture Market Revenues & Volume, By Sofas, 2021-2031F |
6.1.5 Thailand Upholstered Furniture Market Revenues & Volume, By Tables, 2021-2031F |
6.1.6 Thailand Upholstered Furniture Market Revenues & Volume, By Beds, 2021-2031F |
6.1.7 Thailand Upholstered Furniture Market Revenues & Volume, By Other, 2021-2031F |
6.2 Thailand Upholstered Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Upholstered Furniture Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Thailand Upholstered Furniture Market Revenues & Volume, By Commercial, 2021-2031F |
7 Thailand Upholstered Furniture Market Import-Export Trade Statistics |
7.1 Thailand Upholstered Furniture Market Export to Major Countries |
7.2 Thailand Upholstered Furniture Market Imports from Major Countries |
8 Thailand Upholstered Furniture Market Key Performance Indicators |
9 Thailand Upholstered Furniture Market - Opportunity Assessment |
9.1 Thailand Upholstered Furniture Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Thailand Upholstered Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Upholstered Furniture Market - Competitive Landscape |
10.1 Thailand Upholstered Furniture Market Revenue Share, By Companies, 2024 |
10.2 Thailand Upholstered Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |