Furniture market worldwide - Statistics & Facts

Furniture retail and trade is an important part of the global economy. The furniture industry is comprised of the production, distribution, and retail of furniture for residential and commercial use. Be it in homes, offices, schools, or even outdoors, there are pieces of furniture to be seen almost everywhere. The global furniture market is a multi-billion U.S. dollar industry, which employs large numbers of people around the world. The United States is the largest furniture market in the world, however the APAC region is growing in size and importance, accounting for three of the top five leading markets.

As part of the fast moving consumer goods (FMCG) sector, the furniture market tends to rise and fall based on world economic trends. During a recession, the industry tends to be negatively impacted as consumers cut back on non-essential spending, putting off home redecoration and renovation projects due to lower disposable incomes. This happened most recently during the 2020 coronavirus pandemic, as reflected in IKEA's sales figures. The import and export of furniture is also impacted by such events, however trade values have been growing steadily in recent years. China is the dominant exporter of furniture and the United States leads for imports.

There are a number of sub-markets within this sector. Office furniture, a market encompassing the furnishing and interior of office spaces, is one such example. Desks, chairs, cabinets, and lamps can help to create an optimal working environment, where workers feel comfortable and can be at their most productive. Ready-to-assemble (RTA) furniture is another distinct market. Such furniture comes flat-packed and are assembled on site. IKEA is an example of a RTA furniture retailer.

As of 2020, IKEA was the eighthmost valuable retailer in the world, making it the most valuable furniture retail brand, valued at roughly 21 billion U.S. dollars. The business operates 445 stores around the world. IKEA caters for all the key categories of the home or residential furniture market such as living room, dining room, bedroom, kitchen, and outdoor furniture.

Interesting statistics

In the following 5 chapters, you will quickly find the 27 most important statistics relating to "Furniture market worldwide".


Get in touch with us. We are happy to help.
Statista Locations
Contact Vayola Jocelyn
Vayola Jocelyn
Client Support Specialist– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Associate Director - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)