Global furniture market size from 2022 to 2030

The global market value of furniture was estimated to be 579 billion U.S. dollars in 2023, and was expected to increase every year to reach a forecasted value of approximately 873 billion U.S. dollars by 2030. 

Office furniture retail

Steelcase, a leading office furniture company, generated a revenue of 2.34 billion U.S. dollars in the United States alone in 2023. Ranked on a global scale, the revenue of the office furniture market is lead by the United States, amounting to 243.8 billion U.S. dollars. In 2022, the import of office equipment to the States was valued at 97 million U.S. dollars.

Ready-to-assemble (RTA) furniture

Ready-to-assemble (RTA) furniture became popular in the 1950s and introduced selling unassembled furniture in parts to customers who preferred to save money on their purchase and assemble the furniture themselves at home. Perhaps most famous for RTA furniture is the Swedish furniture giant IKEA, the largest furniture retailer in the world. In 2023, IKEA generated nearly 48 billion euros in global revenues and recorded more than 860 million visits to their stores worldwide. Europe is home to the largest number of IKEA stores, followed by North America and Asia.