Product Code: ETC009769 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Furniture Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 12.10% in 2025, the market peaks at 17.48% in 2028, and settles at 15.47% by 2029.
By 2027, Philippines's Furniture market is forecasted to achieve a exponential growth rate of 16.86%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Philippines furniture market is expected to register a CAGR of 5.3% during the forecast period 2020-2026. The country?s furniture industry is driven by the growing residential and commercial construction activities, availability of affordable products, increasing awareness about interior designing and changing lifestyles, among others. The growth in online sales channels due to improved internet penetration has also been instrumental in driving the demand for furniture products in the region.
Moreover, a rapid shift towards nuclear families has augmented the demand for space saving furniture such as convertible sofas and beds with storage space which further provides an impetus to the demand for modern and designer furnishings in homes across all income groups. Furthermore, rising disposable incomes have led people to choose premium products leading manufacturers are introducing innovative designs as well as production techniques tailored specifically for this segment of customers. Moreover, stringent regulations regarding formaldehyde emission levels mandated by agencies such as Bureau Veritas (BV) have compelled many local players to upgrade their manufacturing facilities thereby propelling product quality standards upwards while providing opportunities for domestic firms. All these factors are projected to fuel steady growth in local consumption over the forecast period 2020?2026
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 Philippines Furniture Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Furniture Market Revenues & Volume, 2019 & 2026F |
3.3 Philippines Furniture Market - Industry Life Cycle |
3.4 Philippines Furniture Market - Porter's Five Forces |
3.5 Philippines Furniture Market Revenues & Volume Share, By Material Types, 2019 & 2026F |
3.6 Philippines Furniture Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Philippines Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Furniture Market Trends |
6 Philippines Furniture Market, By Types |
6.1 Philippines Furniture Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Furniture Market Revenues & Volume, By Material Types, 2016 - 2026F |
6.1.3 Philippines Furniture Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.1.4 Philippines Furniture Market Revenues & Volume, By Wood, 2016 - 2026F |
6.1.5 Philippines Furniture Market Revenues & Volume, By Metal, 2016 - 2026F |
6.1.6 Philippines Furniture Market Revenues & Volume, By Other, 2016 - 2026F |
6.2 Philippines Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Furniture Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 Philippines Furniture Market Revenues & Volume, By Commercial, 2016 - 2026F |
7 Philippines Furniture Market Import-Export Trade Statistics |
7.1 Philippines Furniture Market Export to Major Countries |
7.2 Philippines Furniture Market Imports from Major Countries |
8 Philippines Furniture Market Key Performance Indicators |
9 Philippines Furniture Market - Opportunity Assessment |
9.1 Philippines Furniture Market Opportunity Assessment, By Material Types, 2019 & 2026F |
9.2 Philippines Furniture Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Philippines Furniture Market - Competitive Landscape |
10.1 Philippines Furniture Market Revenue Share, By Companies, 2019 |
10.2 Philippines Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |