The Australia living and dining room furniture market size reached USD 3.90 Billion in 2024. The market is expected to grow at a CAGR of 4.80% between 2025 and 2034, reaching USD 6.23 Billion by 2034.

In 2017, the amount of wooden furniture for the dining-room and living-room imported into Australia stood at X units, descending by -X% against the previous year. The total import volume had been increasing at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2010, when it surged by X% from the previous year.

Australia’s furniture retailing landscape has been through a lot recently, but signs are pointing towards greater stability. Profitability swelled during the pandemic as demand surged, then faded as trading conditions normalised and cost pressures reasserted themselves. ABS data shows that spending on furniture, floor coverings, housewares and textile goods rose 2.7% in the year to June 2025 after a 3.6% slide the year before, while Harvey Norman reported a 4.0% sales lift for the six months ending December 2024. The online shift keeps accelerating, aided by pay-later services like Afterpay and Zip Pay, even as retailers wrestle with higher input costs and a tension between imported and locally sourced goods. Industry revenue is expected to tumble at an annualised 1.6% over the five years through 2025-26, to $12.6 billion. This includes an anticipated upswing of 2.5% in the current year, owing to improving discretionary income and consumer sentiment. Over the past five years, pandemic highs and post-pandemic lows have shaped the industry’s fortunes. Early lockdowns boosted home improvement purchases and margins, but those gains faded once lists cooled and budgets tightened. The online channel has grown in prominence: IKEA's online revenue share rose to about 28% of total sales in 2023-24, while Freedom’s online share climbed to over 25% in the same year. While online sales have surged, profitability has been uneven across retailers, with IKEA at around 7.6% of revenue in 2023-24, Harvey Norman at 6.8% and Amart at about 18%, as bulk buying and inexpensive imports helped some players weather high inflation and fierce competition from online entrants and preloved marketplaces. Looking ahead, the National Housing Accord's aim to deliver 1.2 million new homes by 2028-29 will drive demand for affordable furniture packages as consumers move into new homes. A growing population and stabilising inflation will lift discretionary income, while a firmer Australian dollar should keep import costs in check. The push toward omnichannel retailing and greater use of augmented reality will continue to expand logistics capacity and blur the divide between instore and online shopping experiences. Overall, industry revenue is forecast to climb at an annualised 1.3% over the five years through 2030-31 to reach $13.5 billion.

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Furniture And Home Furnishing Market Size 2025-2029

The furniture and home furnishing market size is forecast to increase by USD 78.5 billion, at a CAGR of 2.2% between 2024 and 2029.

The Furniture and Home Furnishings market is experiencing significant shifts driven by evolving consumer demographics in emerging economies and the increasing demand for personalized furniture solutions. These trends reflect the growing importance of individual expression and comfort in living spaces, particularly as disposable income rises in developing markets. However, market participants face challenges from global economic factors, including supply chain disruptions and raw material price volatility. Navigating these challenges will require strategic sourcing, agile supply chain management, and innovative product offerings tailored to diverse consumer preferences. Companies that successfully address these trends and overcome economic obstacles will be well-positioned to capitalize on the expanding market opportunities in the Furniture and Home Furnishings sector.

What will be the Size of the Furniture And Home Furnishing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with dynamic trends shaping various sectors. Custom furniture, manufactured using advanced processes, is gaining popularity, catering to unique consumer preferences. Smart furniture integrating technology into everyday pieces is another emerging trend, enhancing functionality and convenience. Brand loyalty remains a critical factor in retail sales, with interior design influencing consumer choices. Dining chairs, end tables, coffee tables, and dining tables are staples, while lighting fixtures and decorative accessories add aesthetic value. Customer service and upholstery fabrics ensure comfort and durability, with UV resistance and fire retardant properties becoming essential. Modular furniture offers flexibility in design and space utilization, while furniture restoration and wood/metal finishing maintain the value of antique pieces. Recycled materials are increasingly used to promote sustainability, aligning with evolving consumer behavior. Competitive advantage lies in efficient supply chain management and offering a wide range of sustainable materials. Furniture assembly, distribution channels, and consumer preferences continue to shift, requiring adaptability in the industry. Upholstery fabrics, lighting fixtures, and decorative accessories undergo constant innovation, reflecting the continuous dynamism of the market.

How is this Furniture And Home Furnishing Industry segmented?

The furniture and home furnishing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationIndoorOutdoorDistribution ChannelOfflineOnlineMaterialWoodMetalOthersProduct TypeLiving room furnitureBedroom furnitureKitchen and dining furnitureOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Application Insights

The indoor segment is estimated to witness significant growth during the forecast period.The indoor the market experiences substantial growth, with a focus on creating comfortable and visually appealing spaces. Consumers prioritize their living rooms, bedrooms, and dining rooms, driving sales of sofas, beds, tables, and decorative accessories. The shift towards remote work and home-centric lifestyles intensifies the demand for versatile and creative furniture solutions. Minimalist interior design trends further boost the popularity of indoor furnishings. Manufacturing processes continually evolve, incorporating smart technology and sustainable materials. Custom furniture and modular designs cater to individual preferences and space constraints. Upholstery fabrics, lighting fixtures, and decorative accessories undergo advancements, offering UV resistance, fire retardancy, and eco-friendly alternatives. Customer service remains crucial, with furniture repair, wood finishing, and metal finishing services ensuring product longevity. Furniture assembly and distribution channels streamline the purchasing process, enabling online sales to thrive. Furniture restoration and the use of recycled materials contribute to the industry's sustainability efforts. Brand loyalty plays a significant role, as consumers seek quality and durability. Competitive advantage lies in offering customizable, functional, and aesthetically pleasing furniture, catering to diverse consumer needs and preferences.

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The Indoor segment was valued at USD 523.90 billion in 2019 and showed a gradual increase during the for

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What is the Patio Furniture Market Size?

The patio furniture market size is forecast to increase by USD 4.38 billion CAGR of 5% between 2024 and 2029. The market is witnessing significant growth, driven by the opening of new brick-and-mortar stores by retailers and the increasing availability of products on online channels. However, challenges such as weather-related durability issues persist, requiring manufacturers to focus on producing high-quality, weather-resistant products. Factories are focusing on the production of crack-proof, insect resistance, and weather resistance materials, such as tensile strength aluminum, high-density polyethylene (HDPE), and teak wood, to cater to this demand. Retailers are responding to these trends by expanding their offerings both online and in-store, providing consumers with greater accessibility and convenience. As the market continues to evolve, staying informed about these developments is crucial for industry participants looking to capitalize on opportunities and mitigate risks.

What will be the size of Market during the forecast period?

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Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.

Material

  Wood
  Metal
  Plastic


Product

  Sofas
  Dining set
  Table
  Chair
  Others


Geography

  North America

    Canada
    Mexico
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China


  South America

    Brazil


  Middle East and Africa

Which is the largest segment driving market growth?

The wood segment is estimated to witness significant growth during the forecast period. The market is characterized by a diverse product line, catering to various leisure activities and living standards. Wood, including teak, is a preferred material due to its natural beauty, durability, and versatility.

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The Wood segment was valued at USD 8.32 billion in 2019. Teak wood, in particular, is highly valued for its exceptional qualities. Renowned for its resistance to weather conditions and minimal maintenance requirements, teak is a top choice for those seeking long-lasting and reliable outdoor furniture. The natural oils of teak protect against water, insects, and decay, ensuring the furniture maintains its structural integrity and aesthetic appeal. As consumer spending on home improvements and eco-friendly products continues to grow, the market for weather-resistant, renewable energy-powered patio furniture is expected to expand. Motels, restaurants, and private residences are among the key sectors driving market development, with profitability and living standards being significant factors influencing consumer preferences.

Which region is leading the market?

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The North American market for patio furniture is witnessing notable expansion due to the rising preference for enhancing outdoor living spaces. This trend is evident in the emergence of new brands and offerings catering to the diverse requirements of consumers. The appeal of patio furniture lies in its ability to transform balconies, gardens, and patios into comfortable and stylish extensions of indoor living spaces. Homeowners are investing more in these areas to create scenic retreats that offer a respite from the hustle and bustle of daily life. The hospitality industry, including resorts, restaurants, and cafes, is also capitalizing on this trend, with many establishments offering outdoor dining options to attract customers. Factories in North America and abroad are ramping up production to meet the growing demand for patio furniture. These manufacturers are focusing on producing crack-proof and weather-resistant materials to ensure their products can withstand the elements and last for years. The residential sector is a significant contributor to the market's growth, with homeowners seeking high-quality, affordable options for their outdoor spaces.

How do company ranking index and market positioning come to your aid?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Berlin Gardens LLC - This company offers handcrafted outdoor poly furniture made from high-density polyethylene.

Technavio provides the rank