The global Living & Dining Room Furniture Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Living & Dining Room Furniture is wood-based furniture. It includes TV and media stands, bookshelves, wine and cabinets, chests, dining and buffet tables, bar, coffee, and other occasional side tables. The Living & Dining Room Furniture market is expanding because of factors such as the rising demand from residential construction and increasing disposable income.
According to Statista in 2022, the construction industry globally generated revenue of around USD 6.4 trillion and in 2023, the market generated revenue of approximately USD 8.9 trillion. Also, it is projected to attain a volume of around USD 14.4 trillion by 2030. Whereas rising public inclination towards branded furniture and growing initiatives & innovations by market players create lucrative opportunities for the market. However, availability of alternatives hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Living & Dining Room Furniture Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing residential construction, growing disposable income, and rising middle class population. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising growth across housing units, growing preference for branded furniture and household expenditure.
Major market players included in this report are:
- Ashley Furniture
- IKEA
- Williams-Sonoma
- Knoll Inc.
- Masco Corp
- Sears Holdings Corp
- KOKUYO Furniture Co. Ltd
- Herman Miller Inc.
- Bernhardt Furniture Company
- Vogue Furniture
Recent Developments in the Market:
- In September 2020, Ashley Home store launched its new modern farmhouse lifestyle with the brand name Mane+Mason. It combines a sleek design with a farmhouse aesthetic.
- In August 2018, IKEA opened its first store in Hyderabad. Also planning to schedule more outlets in Mumbai, Bengaluru, New Delhi, and Mumbai. It has expanded the geographical reach of the company.
Global Living & Dining Room Furniture Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End-user, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Seats and Sofas
- Chairs and Tables
- Others
By End-user:
By Distribution Channel:
- Departmental Stores
- Independent Furniture Retailers
- Factory Outlets
- Online
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Living & Dining Room Furniture Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Living & Dining Room Furniture Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Living & Dining Room Furniture Market, by End-User, 2019-2029 (USD Billion)
- 1.2.4. Living & Dining Room Furniture Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Living & Dining Room Furniture Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Living & Dining Room Furniture Market Dynamics
- 3.1. Living & Dining Room Furniture Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand from residential construction
- 3.1.1.2. Increasing disposable income
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of alternates
- 3.1.3. Market Opportunities
- 3.1.3.1. Public inclination towards branded furniture
- 3.1.3.2. Rising initiatives and innovations by market players
Chapter 4. Global Living & Dining Room Furniture Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Living & Dining Room Furniture Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Living & Dining Room Furniture Market by Type, Performance - Potential Analysis
- 6.3. Global Living & Dining Room Furniture Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Living & Dining Room Furniture Market, Sub Segment Analysis
- 6.4.1. Seats and Sofas
- 6.4.2. Chairs and Tables
- 6.4.3. Others
Chapter 7. Global Living & Dining Room Furniture Market, by End-User
- 7.1. Market Snapshot
- 7.2. Global Living & Dining Room Furniture Market by End-User, Performance - Potential Analysis
- 7.3. Global Living & Dining Room Furniture Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
- 7.4. Living & Dining Room Furniture Market, Sub Segment Analysis
- 7.4.1. Household
- 7.4.2. Commercial
Chapter 8. Global Living & Dining Room Furniture Market, by Distribution Channel
- 8.1. Market Snapshot
- 8.2. Global Living & Dining Room Furniture Market by Distribution Channel, Performance - Potential Analysis
- 8.3. Global Living & Dining Room Furniture Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 8.4. Living & Dining Room Furniture Market, Sub Segment Analysis
- 8.4.1. Departmental Stores
- 8.4.2. Independent Furniture Retailers
- 8.4.3. Factory Outlets
- 8.4.4. Online
- 8.4.5. Others
Chapter 9. Global Living & Dining Room Furniture Market, Regional Analysis
- 9.1. Living & Dining Room Furniture Market, Regional Market Snapshot
- 9.2. North America Living & Dining Room Furniture Market
- 9.2.1. U.S. Living & Dining Room Furniture Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. End-User breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Living & Dining Room Furniture Market
- 9.3. Europe Living & Dining Room Furniture Market Snapshot
- 9.3.1. U.K. Living & Dining Room Furniture Market
- 9.3.2. Germany Living & Dining Room Furniture Market
- 9.3.3. France Living & Dining Room Furniture Market
- 9.3.4. Spain Living & Dining Room Furniture Market
- 9.3.5. Italy Living & Dining Room Furniture Market
- 9.3.6. Rest of Europe Living & Dining Room Furniture Market
- 9.4. Asia-Pacific Living & Dining Room Furniture Market Snapshot
- 9.4.1. China Living & Dining Room Furniture Market
- 9.4.2. India Living & Dining Room Furniture Market
- 9.4.3. Japan Living & Dining Room Furniture Market
- 9.4.4. Australia Living & Dining Room Furniture Market
- 9.4.5. South Korea Living & Dining Room Furniture Market
- 9.4.6. Rest of Asia Pacific Living & Dining Room Furniture Market
- 9.5. Latin America Living & Dining Room Furniture Market Snapshot
- 9.5.1. Brazil Living & Dining Room Furniture Market
- 9.5.2. Mexico Living & Dining Room Furniture Market
- 9.5.3. Rest of Latin America Living & Dining Room Furniture Market
- 9.6. Rest of The World Living & Dining Room Furniture Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Ashley Furniture
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. IKEA
- 10.2.3. Williams-Sonoma
- 10.2.4. Knoll Inc.
- 10.2.5. Masco Corp
- 10.2.6. Sears Holdings Corp
- 10.2.7. KOKUYO Furniture Co. Ltd
- 10.2.8. Herman Miller Inc.
- 10.2.9. Bernhardt Furniture Company
- 10.2.10. Vogue Furniture
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption