How Big Is the Market for Furniture | Growth, Size & Insights 2031

How big is the furniture market?

This growth is driven by rising urbanization, increasing demand for modular and space-saving furniture, growing disposable incomes, and the booming real estate and hospitality sectors.

Key Growth Drivers of the Furniture Market

• Increase in the number of people and obsolescent infrastructures
• Increase in demand of smart and multifunctional furniture in small spaces
• Increasing online stores selling custom made and low-priced furniture
• The growing attention of people to the interior design and ergonomic construction
• The rise in hospitality, commercial and institutional infrastructure developments

Furniture Market Trends

The furniture market is undergoing significant transformation with trends such as adoption of sustainable and recycled materials, rising popularity of minimalist and Scandinavian designs, and the rise of do-it-yourself (DIY) and ready-to-assemble furniture. Online furniture sales and augmented reality (AR)-based virtual showrooms are also reshaping how consumers engage with brands.

Emerging Developments in the Furniture Market

The attributes which are taking place in the furniture market include the combination of IoT-connected smart furniture, AI designed personalized furniture, and the application of 3D printing in furniture production. Businesses are spending money in green manufacturing processes and circular economy systems to be in line with the international sustainability objectives.

List of Leading Companies in the Furniture Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.IKEA Systems B.V.

IKEA revolutionized affordable flat-pack furniture, blending modular design, sustainable materials, and global retail accessibility for home and office environments.

2.Ashley Furniture Industries, Inc.

Ashley is one of North America’s largest producers of mass-market residential and commercial furniture, offering stylish, affordable products and extensive retail distribution.

3.Steelcase Inc.

Steelcase delivers ergonomic workplace furniture solutions and integrated design services for corporate, educational, and healthcare environments worldwide.

4.Herman Miller, Inc.

Herman Miller (now MillerKnoll) innovates in ergonomic and design-led office furniture, contributing iconic seating and collaborative workspace systems globally.

5.La‑Z‑Boy Incorporated

La‑Z‑Boy is renowned for its reclining chairs and upholstered home furniture, combining comfort-focused design with wide market penetration across North America.

6.HNI Corporation

HNI supplies office and institutional furniture through brands like HON and Allsteel, emphasizing functional design and large-scale manufacturing efficiency.

7.Godrej Interio

Godrej Interio offers home, office, and institutional furniture in India, known for innovation, eco‑friendly materials, and modern design tailored to regional markets.

8.Haworth Inc.

Haworth delivers adaptable workspace solutions including seating and architectural systems, focusing on flexibility, sustainability, and global deployment.

9.Williams‑Sonoma, Inc.

Wayfair operates one of the world’s largest online furniture retail platforms, offering millions of products, customization tools, and rapid logistics services.

10.Wayfair Inc.

Wayfair operates one of the world’s largest online furniture retail platforms, offering millions of products, customization tools, and rapid logistics services.

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