Product Code: ETC8853864 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Upholstered furniture is in demand among middle- and upper-income households, as well as the hospitality and office sectors. Local manufacturers and imported brands offer a variety of styles and price ranges. Consumer preference for comfort, aesthetics, and durable fabrics influences market dynamics.
The upholstered furniture market in the Philippines is expanding alongside rising disposable incomes and home furnishing trends. Demand for stylish, comfortable, and affordable furniture grows among urban populations. Local manufacturers and importers capitalize on evolving consumer preferences and seasonal trends.
The upholstered furniture market faces challenges from fluctuating raw material prices, particularly textiles and foam. Competition from cheaper imported products affects local manufacturers. Changing consumer preferences towards minimalist designs and sustainability also require adaptation from producers.
Growing urbanization and housing development boost the Upholstered Furniture Market. Investors can capitalize on local manufacturing or importing stylish, affordable furniture that aligns with evolving consumer tastes and sustainability trends.
Under the DTI and the Philippine Furniture Industry Development Program, the government promotes competitiveness and export readiness of the upholstered furniture market. Environmental regulations guide sustainable sourcing of materials, while trade policies encourage innovation and quality improvements, positioning the sector as a contributor to local employment and economic growth.
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 Upholstered Furniture Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Upholstered Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Upholstered Furniture Market - Industry Life Cycle |
3.4 Philippines Upholstered Furniture Market - Porter's Five Forces |
3.5 Philippines Upholstered Furniture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Upholstered Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Upholstered Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for modern and customizable furniture designs in the Philippines |
4.2.2 Increasing disposable income and changing lifestyle preferences favoring premium furniture products |
4.2.3 Rising real estate development and urbanization leading to higher demand for furniture, including upholstered furniture |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from both domestic and international furniture manufacturers |
4.3.3 Economic uncertainties and fluctuations affecting consumer spending on non-essential items like furniture |
5 Philippines Upholstered Furniture Market Trends |
6 Philippines Upholstered Furniture Market, By Types |
6.1 Philippines Upholstered Furniture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Upholstered Furniture Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Upholstered Furniture Market Revenues & Volume, By Bed, 2021- 2031F |
6.1.4 Philippines Upholstered Furniture Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Upholstered Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Upholstered Furniture Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Philippines Upholstered Furniture Market Revenues & Volume, By Commercial, 2021- 2031F |
7 Philippines Upholstered Furniture Market Import-Export Trade Statistics |
7.1 Philippines Upholstered Furniture Market Export to Major Countries |
7.2 Philippines Upholstered Furniture Market Imports from Major Countries |
8 Philippines Upholstered Furniture Market Key Performance Indicators |
8.1 Average selling price (ASP) of upholstered furniture products |
8.2 Number of new product launches and design innovations in the market |
8.3 Consumer sentiment towards purchasing high-end furniture brands |
8.4 Percentage of furniture sales through online channels |
8.5 Adoption rate of sustainable materials and manufacturing practices in the furniture industry |
9 Philippines Upholstered Furniture Market - Opportunity Assessment |
9.1 Philippines Upholstered Furniture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Upholstered Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Upholstered Furniture Market - Competitive Landscape |
10.1 Philippines Upholstered Furniture Market Revenue Share, By Companies, 2024 |
10.2 Philippines Upholstered Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |