Furniture Retail

The home furnishings retail industry allows consumers to make their homes truly their own with their very own choices of furniture and décor to adorn them. It is a multi-billion-dollar industry, which employs large numbers of people around the world. For many years, the industry operated using offline channels exclusively; however, thanks to significant advancements in logistics, buying furniture online became a possibility. By 2027, the global market value of furniture was forecast to reach over 650 billion U.S. dollars, while in 2022, furniture e-commerce was estimated to account for nearly 400 billion U.S. dollars in revenue.

Furniture market value worldwide 2027
651bn USD
Furniture e-commerce revenue worldwide 2022
394bn USD
Top furniture exporter worldwide
China

Market size

Asia Pacific region dominates the furniture market
Revenue of the furniture market worldwide by country in 2020 (in million U.S. dollars)
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Together, India, China, and Japan generated almost half a billion U.S. dollars in furniture revenue, accounting for three of the top five leading markets globally. While most consumers still prefer to buy their furniture in stores, the opposite trend is quickly increasing. In China, the homeware and furniture industry represented 10 percent of the total e-commerce segment, while in the U.S., furniture and homeware sales represented 12 percent of the e-commerce retail sales.

Furniture market worldwide
Furniture e-commerce in the United States
Share of e-commerce segments in China

Market segments

Bedding and home furnishing
Consumer spending on furniture and bedding in the United States from 2006 to 2021 (in billion U.S. dollars)
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In the United States, consumer spending on furniture and bedding has increased over the past years and was projected to grow even further by the end of 2021. Most of the sales still come from traditional furniture stores, followed by online channels that take up the second-largest chunk of the market. Besides online, competition for home furnishing stores includes department stores, mass merchandisers, home improvement stores, and furniture makers that have their own stores.

Mattress Retail in the U.S.
Furniture and bedding sales distribution in the U.S.
Homeware market value in the UK

Industry trends

E-commerce, augmented reality, and eco-friendly furniture on the rise
Investment in augmented and virtual reality (AR/VR) technology worldwide in 2024, by use case (in billion U.S. dollars)
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Besides e-commerce, a notable trend is the rise of augmented reality. Most consumers still prefer to buy large pieces of furniture in-store yet many of them start the buying process online. With augmented reality, furniture retailers are enabling shoppers to visualize how a sofa, or bed will look in their homes, facilitating their purchase decision. Another trend is the growing concern about climate change and deforestation, which has resulted in an increased interest in sustainable furniture.

Growth of augmented reality spending worldwide
Willingness to pay for environmentally safe furniture in the U.S.
Importance of sustainability when shopping online in Sweden

Industry leaders

IKEA, the world’s largest furniture retailer
Annual revenue of the IKEA Group worldwide from 2001 to 2020 (in billion euros)
Further details: Visit original statistic

IKEA, a Swedish multinational company based in the Netherlands, has been the world’s leading furniture retailer for the past decade. IKEA offers low prices and a huge range of products, while constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. The company has over 400 stores and is the most valuable furniture retailer brand in the world.

IKEA
Ready-to-assemble furniture market worldwide
IKEA's stores worldwide

Industry definition

The furniture retail category offers historical and forecast data about the industry’s revenues and market size. Statistics about bedding and home furnishing retailers are available, including the industry leaders in terms of sales and number of stores. Additionally, it encompasses statistics of furniture retailers' number of store visits, number of employees, distribution of sales by category, region, and market share information.

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