Global Household Furniture And Kitchen Cabinet Market Size
Paper, Plastics, Rubber, Wood And Textile

Global Household Furniture And Kitchen Cabinet Market Forecast 2024-2033: Estimated Market Size And Growth Rate

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The household furniture and kitchen cabinet market size has grown strongly in recent years. It will grow from $379.95 billion in 2023 to $402.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%.  The growth in the historic period can be attributed to population growth and urbanization, retail expansion and marketing strategies, e-commerce growth, environmental awareness, sustainable and circular furniture practices. The household furniture and kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $499.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.  The growth in the forecast period can be attributed to compact and multifunctional furniture, energy-efficient home products, shift in kitchen design preferences, innovations in materials and finishes, focus on outdoor furniture. Major trends in the forecast period include smart furniture integration, customized kitchen cabinets and storage solutions, open shelving and display cabinets, collaborations with designers, bold colors in furniture, automated and smart kitchen.

The household furniture and kitchen cabinets market is poised for growth due to the escalating demand for online shopping. The increased accessibility of a larger platform for manufacturers to showcase and sell their products has expanded their customer base geographically. This expansion is particularly evident in countries like India, where e-commerce portals have significantly boosted sales for household furniture and kitchen cabinet manufacturers, providing exposure beyond regional confines. As a result, the household furniture and kitchen cabinets market are driven by the growing trend of online shopping. The market size for household furniture and kitchen cabinets is forecasted to grow from its 2023 value of Z to Z in 2024 and Z in 2028.

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What Are The Key Trends That Influence Household Furniture And Kitchen Cabinet Market Share Analysis?

RTA furniture is gaining traction among homeowners and renters globally. This is primarily because RTA furniture are cheap and serves the purpose of quick furnishings. The RTA furniture, also known as Knock Down furniture, is not assembled by the manufacturer and is available in parts with instructions to assemble the piece of furniture. Already popular in developed countries, RTA furniture has been gaining traction in developing economies such as China and India. RTA furniture also benefits manufacturers by eliminating the assembly time and cost of manufacturing, which allows manufacturers to focus only on design and production of parts. Some examples of RTA furniture include RTA bedroom sets, RTA dressers, RTA computer desks, RTA bookcases, and RTA filing cabinets. For instance, IKEA, a major ready to assemble manufacturer, has opened stores in India owing to the high demand for ready to assemble furniture.

Which Market Players Are Driving Growth In The Household Furniture And Kitchen Cabinet Market?

Major companies operating in the household furniture and kitchen cabinet market report are Samsung Electronics Co. Ltd., LG Electronics Inc., Haier Smart Home Co. Ltd., Dacor Inc., Gree Electric Appliances Inc. of Zhuhai, Whirlpool Corporation, BSH Hausgeräte GmbH, Electrolux AB, Hisense Group, Masco Corporation, Groupe SEB, Arçelik A.S., Ashley Furniture Industries Inc., Maytag Corporation, MasterBrand Cabinets Inc., Indesit Company, Candy Group, Man Wah Holdings, La-Z-Boy, Cabinetworks Group, American Woodmark Corporation, GoldenHome International Inc., Fisher & Paykel Appliances Holdings Limited, Hooker Furniture Corp, Standard Furniture, Maiden Home, Symphony Group, Eastvold Furniture, Euro-Rite Cabinets Ltd., Vermont Woods Studios, Bakes & Kropp Fine Cabinetry, Hitachi Appliances Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Sharp Corporation, Smeg S.p.A., Sub-Zero Group Inc., Toshiba Corporation, Vestel Ticaret A.S., Viking Range LLC.

How Is The Global Household Furniture And Kitchen Cabinet Market Segmented?

The household furniture and kitchen cabinet market covered in this report is segmented –

1) By Type: Household Furniture, Kitchen Cabinet
2) By Type of Material: Metal, Wood, Other Material Types
3) By Distribution Channel: Online, Offline

Subsegments Covered: Wooden Household Furniture, Metal Household Furniture, Plastic Household Furniture, Other Household Furniture

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The Household Furniture And Kitchen Cabinet Global Market Report 2024 provides an overview of the household furniture and kitchen cabinetmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The household furniture and kitchen cabinet market forecast analyzes household furniture and kitchen cabinet market size, household furniture and kitchen cabinet market share, leading competitor and their market positions.

The Table Of Content For The Household Furniture And Kitchen Cabinet Market Include

1. Household Furniture And Kitchen Cabinet Market Executive Summary
2. Household Furniture And Kitchen Cabinet Market Segments
3. Household Furniture And Kitchen Cabinet Market Size And Template Market Growth Rate
4.  Key Household Furniture And Kitchen Cabinet Market Trends
5. Major Household Furniture And Kitchen Cabinet Market Drivers
……
25. Key Mergers And Acquisitions In The Household Furniture And Kitchen Cabinet Market
26. Top Household Furniture And Kitchen Cabinet Companies
27. Household Furniture And Kitchen Cabinet Market Opportunities And Strategies
28. Household Furniture And Kitchen Cabinet Market, Conclusions And Recommendations
29. Appendix

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