Asia Pacific Furniture Market Size & Outlook, 2021-2030
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Asia Pacific furniture market highlights
- The Asia Pacific furniture market generated a revenue of USD 254,796.9 million in 2022.
- The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, beds was the largest revenue generating product in 2022.
- Sofa & Couch is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 254,796.9 million |
| Market revenue in 2030 | USD 426,636.0 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Beds |
| Fastest growing segment | Sofa & Couch |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.6% of the global furniture market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 426,636.0 million by 2030.
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Furniture Market Scope
Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Restoration Hardware | View profile | 5001-10000 | Corte Madera, California, United States, North America | https://rh.com |
| IKEA | View profile | 10001+ | Delft, Zuid-Holland, The Netherlands, Europe | http://www.ikea.com/ |
| Ashley Furniture Industries | View profile | 10001+ | Arcadia, Wisconsin, United States, North America | https://www.ashleyfurnitureindustriesllc.com |
| Steelcase Inc Class A | View profile | 12480 | 901 44th Street SE, Grand Rapids, MI, United States, 49508 | https://www.steelcase.com |
| La-Z-Boy Inc | View profile | 10500 | One La-Z-Boy Drive, Monroe, MI, United States, 48162-5138 | https://www.la-z-boy.com |
| Williams-Sonoma Inc | View profile | 19300 | 3250 Van Ness Avenue, San Francisco, CA, United States, 94109 | https://www.williams-sonomainc.com |
Asia Pacific furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to furniture market will help companies and investors design strategic landscapes.
Beds was the largest segment with a revenue share of 25.53% in 2021. Horizon Databook has segmented the Asia Pacific furniture market based on beds, tables & desks, sofa & couch, chairs & stools, cabinets & shelves covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to Asia Pacific furniture market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific furniture market databook
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Our clientele includes a mix of furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific furniture market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific furniture market size, by country, 2018-2030 (US$M)
Asia Pacific Furniture Market Outlook Share, 2021 & 2030 (US$M)
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