South Korea Furniture Market (2020-2026) | Share, Industry, COVID-19 IMPACT, Growth, Outlook, Analysis, Companies, Revenue, Trends, Size, Forecast & Value

Market Forecast By Material Types (Plastic, Wood, Metal, Other), By Applications (Residential, Commercial) And Competitive Landscape
Product Code: ETC009763 Publication Date: Jun 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

South Korea Furniture Market Competition 2023


South Korea Export Potential Assessment For Furniture Market (USD Values in Thousand)


south korea furniture market Synopsis

The South Korea furniture market is forecast to register a CAGR of 7.9% during the period 2020-2026, driven by rising disposable income, growing urbanization, and an increase in online shopping. Factors such as changing lifestyle preferences and government initiatives are also expected to drive the furniture market growth in South Korea over the projected period. Moreover, increasing demand for multi-functional furniture with advanced features such as smart connectivity technology will further boost the growth of this market during this forecast period.

In terms of product type, seating (sofa) segment is expected to hold a major share of the overall industry revenue during 2020-2026 owing to changing lifestyles and rising trends towards home decor products among consumers in South Korea. In addition, sofa beds are gaining popularity due to their space utilization capabilities which suit today`s compact living spaces among young population groups looking for convenience and comfort while purchasing furniture products from leading brands like Samsung SDS Co., Ltd., Hyundai Card Co., Ltd., etc.

Also increasing investments from foreign investors coupled with government initiatives aimed at boosting exports through tax incentives on imported materials have resulted into increased presence of international players offering premium quality furniture products across South Korea which will continue aiding expansion prospects for domestic manufacturers over coming years.

Key Highlights of the Report:

  • South Korea Furniture Market Outlook
  • Market Size of South Korea Furniture Market, 2019
  • Forecast of South Korea Furniture Market, 2026
  • Historical Data and Forecast of South Korea Furniture Revenues & Volume for the Period 2016 - 2026
  • South Korea Furniture Market Trend Evolution
  • South Korea Furniture Market Drivers and Challenges
  • South Korea Furniture Price Trends
  • South Korea Furniture Porter's Five Forces
  • South Korea Furniture Industry Life Cycle
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Material Types for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Plastic for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Wood for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Metal for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Other for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Applications for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Residential for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Furniture Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • South Korea Furniture Import Export Trade Statistics
  • Market Opportunity Assessment By Material Types
  • Market Opportunity Assessment By Applications
  • South Korea Furniture Top Companies Market Share
  • South Korea Furniture Competitive Benchmarking By Technical and Operational Parameters
  • South Korea Furniture Company Profiles
  • South Korea Furniture Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 South Korea Furniture Market Overview

3.1 South Korea Country Macro Economic Indicators

3.2 South Korea Furniture Market Revenues & Volume, 2019 & 2026F

3.3 South Korea Furniture Market - Industry Life Cycle

3.4 South Korea Furniture Market - Porter's Five Forces

3.5 South Korea Furniture Market Revenues & Volume Share, By Material Types, 2019 & 2026F

3.6 South Korea Furniture Market Revenues & Volume Share, By Applications, 2019 & 2026F

4 South Korea Furniture Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 South Korea Furniture Market Trends

6 South Korea Furniture Market, By Types

6.1 South Korea Furniture Market, By Material Types

6.1.1 Overview and Analysis

6.1.2 South Korea Furniture Market Revenues & Volume, By Material Types, 2016 - 2026F

6.1.3 South Korea Furniture Market Revenues & Volume, By Plastic, 2016 - 2026F

6.1.4 South Korea Furniture Market Revenues & Volume, By Wood, 2016 - 2026F

6.1.5 South Korea Furniture Market Revenues & Volume, By Metal, 2016 - 2026F

6.1.6 South Korea Furniture Market Revenues & Volume, By Other, 2016 - 2026F

6.2 South Korea Furniture Market, By Applications

6.2.1 Overview and Analysis

6.2.2 South Korea Furniture Market Revenues & Volume, By Residential, 2016 - 2026F

6.2.3 South Korea Furniture Market Revenues & Volume, By Commercial, 2016 - 2026F

7 South Korea Furniture Market Import-Export Trade Statistics

7.1 South Korea Furniture Market Export to Major Countries

7.2 South Korea Furniture Market Imports from Major Countries

8 South Korea Furniture Market Key Performance Indicators

9 South Korea Furniture Market - Opportunity Assessment

9.1 South Korea Furniture Market Opportunity Assessment, By Material Types, 2019 & 2026F

9.2 South Korea Furniture Market Opportunity Assessment, By Applications, 2019 & 2026F

10 South Korea Furniture Market - Competitive Landscape

10.1 South Korea Furniture Market Revenue Share, By Companies, 2019

10.2 South Korea Furniture Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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