The home furnishings retail industry allows consumers to make their homes truly their own with their very own choices of furniture and décor. It is a multi-billion-dollar industry, which employs large numbers of people around the world. In 2023, the global market revenue of furniture was estimated to be over 738 billion U.S. dollars and was forecast to grow to almost 922 billion dollars by 2028. Like many other industries, e-commerce is steadily gaining market share in the industry. This has been further helped by advancements in logistics and delivery options. Other trends that will have an impact on the industry over the coming years include sustainability, secondhand sales, and the use of virtual reality.
Revenue of the furniture market worldwide in 2023, by country (in million U.S. dollars)
Further details: Visit original statistic Revenue of the furniture market worldwide in 2023, by country (in million U.S. dollars)
The United States generated nearly 254 billion U.S. dollars in furniture revenue in 2023, making it the leading market globally. China and Germany came in second and third place, with both markets worth over the 50 billion U.S. dollars mark. While most consumers still prefer to buy their furniture in stores, e-commerce has a strong presence. In the United States, the homeware and furniture industry represented roughly nine percent of the total e-commerce segment in 2023.
Furniture market worldwideRevenue of the bedding market in the United States from 2018 to 2029 (in billion U.S. dollars)
Further details: Visit original statistic Revenue of the bedding market in the United States from 2018 to 2029 (in billion U.S. dollars)
In the United States, bedding market revenue was forecast to increase in the following years. From 2024 onwards, market revenue would continue growing, estimated to reach 23.4 million U.S. dollars in 2029. In general, bedroom furniture revenue was also forecast to rise across all segments, which include bedding, but also closets, nightstands, beds, and mattresses.
Bedroom furniture revenue in the U.S.Investment in augmented and virtual reality (AR/VR) technology worldwide in 2024, by use case (in billion U.S. dollars)
Further details: Visit original statistic Investment in augmented and virtual reality (AR/VR) technology worldwide in 2024, by use case (in billion U.S. dollars)
Besides e-commerce, a notable trend is the rise of augmented reality. Most consumers still prefer to buy large pieces of furniture in-store yet many of them start the buying process online. With augmented reality, furniture retailers are enabling shoppers to visualize how a sofa, or bed will look in their homes, facilitating their purchase decision. Another trend is the growing concern about climate change and deforestation, which has resulted in an increased interest in sustainable furniture.
Top furniture e-commerce marketsAnnual revenue of the IKEA Group worldwide from 2001 to 2023 (in billion euros)
Further details: Visit original statistic Annual revenue of the IKEA Group worldwide from 2001 to 2023 (in billion euros)
IKEA, a Swedish multinational company based in the Netherlands, has been the world’s leading furniture retailer for the past decade. IKEA offers low prices and a huge range of products, while constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. The company has over 470 stores and is the most valuable furniture retailer brand in the world.
IKEA
The furniture retail category offers historical and forecast data about the industry’s revenues and market size. Statistics about bedding and home furnishing retailers are available, including the industry leaders in terms of sales and number of stores. Additionally, it encompasses statistics of furniture retailers' number of store visits, number of employees, distribution of sales by category, region, and market share information.
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