The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for furniture is likely to stimulate innovation in the manufacture of furniture stores, propelling the market throughout the forecast period.

The global furniture stores market is expected to grow from $250.71 billion in 2022 to $272.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.71%. The global furniture stores market size is expected to reach $366.10 billion in 2027 at a CAGR of 7.7%.

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Global Furniture Stores Market Segments Include:

• By Material: Wood, Metal, Plastic, Other Material types
• By Price Range: High End Price Furniture, Medium Price Range Furniture, Low Price Range Furniture
• By Distribution Channel: Home Centers, Flagships Stores, Specialty Stores, Online, Other Distribution Channels
• By End-User: Residential, Office, Hotel, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global furniture stores market in 2021.

Major Market Players in the furniture stores market include Steelcase Inc., HNI Corporation, Ashley Furniture Industries Inc., Inter IKEA Systems B.V., Herman Miller Inc., Global Furniture USA, Heritage Home Group LLC, Restoration Hardware Inc. (RH).

Technological advancement is a major trend that is gaining traction in the furniture store sector. To strengthen their market position, major market players are focusing their efforts on developing novel technologies. For example, IKEA, a Swedish home furnishings firm, unveiled IKEA Kreativ in June 2022, an AI-powered experience that allows users to create lifelike interior designs. IKEA Kreativ is room design software that uses spatial computing, machine learning, and 3D mixed reality technologies. Customers now have access to the first lifelike, fully integrated way to create and visualise their living spaces on smartphones and desktop computers.

The Furniture Stores Global Market Report 2023  provides a furniture stores market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The furniture stores market forecast analyzes furniture stores market size, furniture stores market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A furniture store is a type of store that sells furniture and carpeting and is frequently large and equipped with storage rooms. Customers can try on furniture and browse all of their options in these stores.

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