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.

Online household furniture retailers have had much to celebrate thanks to shifts in consumer habits towards online shopping. Trends in internet subscriber numbers, greater online connectivity and enhanced online platforms have made online shopping more accessible for consumers. At the same time, improvements to website usability and transaction security have increased its appeal. The ability to compare products, offers of lower prices and competitive delivery costs have been added bonuses for consumers in the new furniture market, driving widespread acceptance. All in all, industry revenue is anticipated to grow at an annualised 5.7% over the five years through 2024-25 and is expected to total $1.5 billion in the current year when revenue is set to expand by an estimated 3.8%. Online household furniture orders surged during the pandemic as lockdown periods and trading restrictions caused consumers to shop online in droves. Pandemic restrictions fuelled spending on home improvements, which, in turn, led to a spike in sales of bedroom, lounge and outdoor furniture. Despite the hype, online household furniture retailers have struggled in the post-pandemic environment, with rising inflation and higher interest rates leading to a cost-of-living crisis. While purchase costs have climbed due to rising input prices and inflated freight costs, profitability has expanded, largely owing to earlier gains. Going forwards, online shopping's flourishing popularity is set to underpin continued online household furniture sales. With internet subscriber numbers as a foundation, shifts towards online shopping will also benefit from enhanced online connectivity and data-driven platforms. Traditional bricks-and-mortar retailers will continue to make their foray into online shopping, growing the industry's enterprise and establishment base and heightening competition. Sales are also likely to stem from an upswing in residential building construction, with more homes creating a need for more furniture. Industry revenue is forecast to grow at an annualised 3.5% over the five years through 2029-30 to total $1.8 billion.

Furniture retailers have faced volatile trading conditions over recent years. The industry’s performance has closely mirrored residential construction trends, as periods of increased housing activity typically bolster furniture sales. Despite a significant uptick in 2020-21, declining residential building construction over the past few years has exerted downwards pressure on furniture demand. Higher living costs and interest rates have also weighed on consumer spending. However, pay later services like Afterpay and Zip Pay have provided some relief, enabling consumers to make incremental payments on big-ticket items and supporting retail activity in a challenging economic environment. Industry revenue is expected to have climbed at an annualised 0.8% over the five years through 2024-25, to $12.0 billion. This includes an anticipated downswing of 0.4% in 2024-25. Consumers have increasingly purchased furniture from department stores, online-only stores and second-hand marketplaces like Gumtree. Furniture retailers have upped the ante, investing more in online platforms to establish true omnichannel, digitally driven and customer-centric businesses. Intensifying industry competition has fuelled fierce price discounting between furniture retailers and boosted demand for ecommerce and digital talents. Despite the competitive environment, lower wage costs – as a result of weak growth in instore staff because of store consolidations over the past few years – have helped improve industry profitability. Looking ahead, income growth and improving consumer sentiment will support stronger spending on furniture goods. Mounting competition from online-only sites will motivate furniture stores to enhance their online sales channels and widen customer reach. While this trend will slow growth in establishment numbers and subdue the need for instore staff as furniture retailers close more unprofitable stores, digitalisation will drive retailers to hire more digital specialists and expand warehouse and distribution centres to fulfil a growing number of online orders. The forecast appreciation of the Australian dollar is set to make international purchases more affordable for furniture stores, supporting stable profit margins despite a relatively high cash rate. The Furniture Retailing industry’s revenue is projected to climb at an annualised 1.6% over the five years through 2029-30, to reach $13.0 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

The Furniture and Floor Covering Wholesaling industry has experienced challenging conditions over the past five years. Following the COVID-19 outbreak, a surge in household discretionary income and a jump in housing construction under the Federal HomeBuilder scheme and record-low interest rates boosted sales to downstream furniture and floor covering retailers. However, mortgage interest rate hikes and falling household discretionary have deteriorated conditions in the retail and housing markets since 2021-22, which has driven down sales of household furniture and floor coverings. Spending on commercial and institutional furniture, shop fittings and resilient flooring stalled following the COVID-19 outbreak but has rebounded since pandemic restrictions were lifted and the labour force has expanded. Still, more Australians have been working and studying from home, containing sales in the commercial furnishing market. Improved sales to non-residential property markets over recent years have been insufficient to offset the slump in sales to the household market, which has tightened wholesalers’ profit margins. Industry revenue is expected to have declined at an annualised 2.0% over the five years through 2024-25 to $6.1 billion, which includes an anticipated 2.8% contraction in 2024-25. Growing wholesale bypass is constraining the industry's performance over the long term, as retailers deal directly with manufacturers and importers to reduce their spending. The explosion in online retailing has also distorted the industry's supply chain. In response to these challenges, some wholesalers have established an online presence and expanded their capacity to sell directly to the public through ecommerce channels. The industry will continue grappling with wholesale bypass over the coming years, discouraging the entry of new enterprises. Still, wholesalers will benefit from recovering retail sales of household furniture and flooring products, supported by an upswing in new housing construction and improved consumer sentiment. Apartment and townhouse construction will surge to meet mounting population pressures, underpinning sales of more compact lounge and bedroom furnishings. Industry revenue is projected to expand at an annualised 0.9% over the five years through 2029-30 to $6.4 billion.

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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 t