South Africa Furniture Market Size & Outlook, 2021-2030
The furniture market in South Africa is expected to reach a projected revenue of US$ 8,464.8 million by 2030. A compound annual growth rate of 6.6% is expected of South Africa furniture market from 2023 to 2030.
Revenue, 2021 (US$M)
$5,072.2
Forecast, 2030 (US$M)
$8,464.8
CAGR, 2022 - 2030
6.6%
Report Coverage
South Africa
Global Report
Related Markets
South Africa furniture market highlights
- The South Africa furniture market generated a revenue of USD 5,072.2 million in 2022 and is expected to reach USD 8,464.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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.
Furniture market data book summary
| Market revenue in 2022 | USD 5,072.2 million |
| Market revenue in 2030 | USD 8,464.8 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Beds |
| Fastest growing segment | Sofa & Couch |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 0.7% of the furniture market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa furniture market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8,464.8 million by 2030.
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Publish Date: Jul 02, 2024
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Furniture Market
Furniture market segmentation & scope
Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Williams-Sonoma Inc | View profile | 19,300 | 3250 Van Ness Avenue, San Francisco, CA, United States, 94109 | www.williams-sonomainc.com |
| La-Z-Boy Inc | View profile | 10,500 | One La-Z-Boy Drive, Monroe, MI, United States, 48162-5138 | www.la-z-boy.com |
| Steelcase Inc Class A | View profile | 12,480 | 901 44th Street SE, Grand Rapids, MI, United States, 49508 | www.steelcase.com |
| Ashley Furniture Industries | View profile | 10001+ | Arcadia, Wisconsin, United States, North America | www.ashleyfurnitureindustriesllc.com |
| IKEA | View profile | 10001+ | Delft, Zuid-Holland, The Netherlands, Europe | www.ikea.com/ |
| Restoration Hardware | View profile | 5001-10000 | Corte Madera, California, United States, North America | rh.com |
South Africa furniture market
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 Outlook will help companies and investors design strategic landscapes.
Beds was the largest segment with a revenue share of 23.82% in 2022.
Horizon Databook has segmented the South Africa furniture market based on beds, tables & desks, sofa & couch, chairs & stools, cabinets & shelves covering the revenue growth of each sub-segment from 2017 to 2030.
- South Africa Furniture Market Product Outlook (Revenue, USD Million , 2018-2030)
- Beds
- Tables & Desks
- Sofa & Couch
- Chairs & Stools
- Cabinets & Shelves
- Others
- South Africa Furniture Market Material Outlook (Revenue, USD Million , 2018-2030)
- Metal
- Wood
- Plastic
- Glass
- Others
- South Africa Furniture Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
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Target buyers of furniture market databook
- Our clientele includes a mix of furniture market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa furniture market, including forecasts for subscribers. This country databook contains high-level insights into South Africa furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Furniture Market, 2018-2030 (US$M)
South Africa furniture market statistics, by product, 2018-2030 (US$M)
