This statistic depicts the value of the outdoor furniture market worldwide from 2020 to 2027. In 2020, the global outdoor furniture market was valued at approximately **** billion U.S. dollars and was forecast to reach a value of **** billion U.S. dollars by 2027.

This statistic shows the market value of outdoor furniture in the United States in 2020. In 2020, the market value of outdoor furniture amounted to 4.6 billion U.S. dollars.

The Online Household Furniture Sales industry has grown rapidly over the past five years. The continued growth of internet access has increased the popularity of online shopping, as consumers increasingly turn to the internet for convenience and often discounted pricing. The proportion of total retail sales made online has grown each year during the period as the number of broadband connections and e-commerce sales have both increased at a rapid pace. These factors have led online sales of furniture to outperform traditional brick-and-mortar furniture sales over the past five years. As disposable income levels and consumer confidence continue to trend higher, individuals continued to release pent-up demand for new furniture. Over the past five years, industry revenue is expected to grow at a CAGR of 14.3% to $93.5 billion, including an estimated increase of 3.3% in 2024 alone. The Online Household Furniture Sales industry includes e-tailers and traditional furniture stores with significant online sales platforms. Over the past five years, companies have continued to flock to the industry, attracted by its lower operational costs. While the popularity of online shopping was rising prior to the current period, it skyrocketted during 2020 because of social distancing regulations and consumers spending more time at home, spurring home improvement and redecorating projects. As a result, revenue grew significantly over the past five years, at a rate that is unlikely to be experienced again. Over the five years to 2028, revenue is forecast to increase albeit at a slower rate compared to the current period. Increases in per capita disposable income will positively affect consumers' willingness to purchase big-ticket items, such as furniture. However, increased price based competition will threaten profit and force online retailers to differentiate themselves through excellent customer service and an innovative product selection. Multifunctional furniture, smart furniture and eco-friendly furniture will be key product innovations over the next five years. Although growth will decelerate compared to the past five years, revenue is still expected to rise at a CAGR of 2.5% to an estimated $109.0 billion over the five years to 2029.

Hotel Furniture Market Outlook 2032

The global hotel furniture market size was USD 4.7 Billion in 2023 and is projected to reach USD 6.7 Billion by 2032, expanding at a CAGR of 4% during 2024–2032. The market is fueled by a surge in tourism and the increasing demand for luxury and boutique accommodations, fueled by post-2020 economic recovery and changing consumer preferences.



Growing environmental awareness propels the integration of sustainable practices in hotel furniture design. Manufacturers increasingly adopt eco-friendly materials and production methods to meet both regulatory standards and consumer expectations for green products.

This trend is reflected in the use of reclaimed wood, bamboo, and recycled metals, reducing the carbon footprint associated with hotel furnishings. The emphasis on durability and timeless design minimizes waste, encouraging a circular economy within the hospitality sector.

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  In November 2023, 1 Hotels launched its first European venture, 1 Hotel Mayfair, in London's prestigious Mayfair district. It offers a unique blend of sustainable design and nature-inspired experiences, developed alongside Crosstree Real Estate Partners.

  
  

Surging demand for smart and multifunctional furniture defines another key trend within the market. Innovations such as beds with built-in charging stations, smart desks, and ergonomic chairs enhance guest experience and operational efficiency.



This trend is supported by investments in research and development by leading furniture manufacturers. These efforts aim to meet the evolving needs of tech-savvy travelers and to differentiate their offerings in a competitive market landscape.

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This statistic shows the furniture market value in China from 2015 to 2017 with projections until 2020. In 2017, market value of furniture in China exceeded one trillion yuan and was forecasted to reach around 1.34 trillion yuan by 2020.

The Luxury Outdoor Furniture market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period.

The global luxury furniture market is projected to expand at a substantial CAGR during the forecast period, between 2020 and 2027. The growth of the market is attributed to changing lifestyle of consumers, rising growth of the real estate industry, and increasing awareness of aesthetic values of luxury furniture.
Luxury furniture can be described as highly-priced and elite quality furniture such as beds, tables, sofas, and chairs that are available only for a group of affluent people. Most of this luxury furniture are associated with a certain historical era and have well-crafted designs that possess great aesthetic values. Rapid growth of the hospitality industry and rising development of highly-expensive hotels have raised the demand for luxury furniture to enhance their beauty. Rising concern for environmental issues, government regulations towards the use of eco-friendly products for manufacturing of furniture items present a key challenge for the market growth.

Market Drivers, Restraints, Trends, and Opportunities

• Rising per capita income of consumers and increasing demand for luxury furniture to support aesthetic values of household interiors are expected to drive the market growth during the forecast period.
• Growing expansion of the hospitality industry and rising adoption of the products in luxurious hotels are anticipated to push the overall market development over the analysis years.
• Increasing construction of highly expensive residential apartments and commercial spaces are estimated to fuel the market expansion in the coming years.
• High cost of luxury furniture and the lack of skilled workers are projected to restrain the market development during the targeted years.
• The market growth between 2019 and 2020 has been affected due to the adverse impact of the COVID-19 pandemic and the trend is expected to continue till mid-2021.
• Rising R&D activities from key players and technological advancement for the production of luxury furniture are anticipated to generate key opportunities for the market expansion during the projected period.

Scope of the Report

• Children’s Furniture Market Scope:

Global Children’s Furniture Market is estimated to be valued US$ XX.X million in 2019. The report on Children’s Furniture Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. for the forecast year up to 2029. The global children’s furniture market is segmented on the basis of type, application, and geography.

Europe market was valued at US$ XX.X million in 2018 and is projected to reach US$ XX.X million in 2029, and register a CAGR of X.X% during the forecast period, according to a new Market.us (Prudour Research) study. Read More

Colombia Office Furniture Market is expected to grow during 2020-2026

Colombia Household furniture Market is expected to grow during 2020-2026

The Indonesia Furniture Market report segments the industry into By Material (Wood, Metal, Plastic, Other Materials), By Application (Home Furniture, Office Furniture, Hospitality Furniture, Other Furniture), and By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels). Get five years of historical insights and forecasts.

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The growing demand for eco-friendly office furniture is identified as one of the key office furniture market trends. This trend is expected to gain significant traction and enable the market to post a positive growth rate during the forecast period 2020-2024.

The trends.2.lower and trends.3.lower are some of the other trends in the office furniture market that will have significant impact on the growth of the market.

The office furniture market report offers several other valuable insights such as:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive office furniture market growth during the next five years
Precise estimation of the office furniture market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the office furniture market industry across APAC, North America, Europe, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of office furniture market vendors

Download Free Sample
The growing demand for eco-friendly office furniture is identified as one of the key office furniture market trends. This trend is expected to gain significant traction and enable the market to post a positive growth rate during the forecast period 2020-2024.

The trends.2.lower and trends.3.lower are some of the other trends in the office furniture market that will have significant impact on the growth of the market.

The office furniture market report offers several other valuable insights such as:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive office furniture market growth during the next five years
Precise estimation of the office furniture market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the office furniture market industry across APAC, North America, Europe, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of office furniture market vendors

Germany Upholstered?Furniture Market is expected to grow during 2020-2026

Global Custom Home Furniture is segmented by Application (Residential, hospitality, offices, retail spaces, custom design projects), Type ( Wood Furniture, Metal Furniture, Upholstered Furniture, Modular Furniture, Outdoor Furniture) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Office furniture producers have endured significant volatility in recent years. Macroeconomic instability in recent years—including spiking unemployment, jumping interest rates, rising office rental vacancies and the declining value of private nonresidential construction—contributed to revenue losses for most years since 2020. However, furniture producers experienced growth in 2022 and 2023, driven by weakening unemployment and a recovering nonresidential construction sector. During this time, producers also benefited from popular return-to-office trends, creating a need for new furniture. These factors have contributed to revenue growing at an estimated CAGR of 0.8% to $30.3 billion through the end of 2025, including a 0.5% drop that year alone. International trade trends directly impact producers as low-cost, mass-produced imports generate significant competition to domestic producers. This trend has pushed domestic producers to focus on custom furniture, which faces little competition from imports as a service-oriented product line. Imported pieces generate more than 20.0% of revenue. Producers in countries like China, Mexico and Vietnam leverage lower operating costs to offer lower prices, appealing to price-sensitive buyers and driving domestic price-based competition. Domestic producers have been negatively impacted by heightened import penetration and enhanced price-based competition, driving them to lower prices to remain competitive and placing downward pressure on profit. The US Government has aimed to support domestic producers through tariffs on major trading partners, most of which target China. Tariff hikes, including those in 2018, have contributed to Chinese producers losing traction domestically. However, tariffs on major inputs, like Canadian lumber, will push purchase costs upward, forcing manufacturers to raise prices or slash profit. Office furniture manufacturing will continue to grow as unemployment and office rental vacancies drop. Growth in the value of private nonresidential construction will support revenue growth as investments in furniture will come along with overall real estate investment. The expected depreciation of the US dollar is also likely to weaken imports as a share of domestic demand, as imported pieces become comparatively more expensive and domestic furniture becomes comparatively more affordable to international buyers, supporting domestic production. However, domestic producers will continue to face elevated uncertainty over the coming years, driven by the ongoing trade war and more expensive inputs, driving manufacturers to adapt their pricing strategies. Moving forward, revenue is set to rise at a CAGR of 1.8% to $33.1 billion.

In 2024, the UK wooden office furniture market increased by 3.2% to $3.7B, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level of $6B. From 2021 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Italian plastic furniture market increased by 16% to $100M for the first time since 2019, thus ending a four-year declining trend. Over the period under review, consumption saw a perceptible contraction. Plastic furniture consumption peaked at $235M in 2019; however, from 2020 to 2024, consumption failed to regain momentum.

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The office furniture market is expected to grow at a CAGR of 6% during the forecast period. This market growth can be attributed to various factors including demand for modern and luxury furniture.

The office furniture market report offers several other valuable insights such as:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive office furniture market growth during the next five years
Precise estimation of the office furniture market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the office furniture market industry across APAC, North America, Europe, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of office furniture market vendors

Over the forecast period until 2028, the revenue share by mobile/desktop split is forecast to exhibit fluctuations among the two segments. Only for the segment Mobile, a significant increase can be observed over the forecast period. Here, the indicator exhibits a difference of 17.15 percent between 2020 and 2028. The Statista Market Insights cover a broad range of additional markets.