Enjoy complimentary customisation on priority with our Enterprise License!
The upholstered furniture market size is forecast to increase by USD 16.8 billion, at a CAGR of 4.89% between 2023 and 2028. Market growth is influenced by several key factors: the expanding influence of diverse retailing channels, increasing consumer preference for premium furniture, and rising demand for multi-functional upholstered furniture. As retailing channels diversify and expand their reach, consumers have more avenues to explore and purchase furniture, driving market accessibility and competition. The growing inclination towards premium furniture underscores a shift towards higher quality and design aesthetics, reflecting consumer aspirations for durable and stylish home furnishings. Additionally, the rising popularity of multi-functional upholstered furniture addresses practical living space needs, appealing to consumers seeking versatile solutions that optimize functionality without compromising on comfort or style. These trends collectively shape the furniture market landscape, encouraging innovation in product design, material technologies, and retail strategies. Stakeholders across the furniture manufacturing, retail, and design sectors are well-positioned to capitalize on these evolving consumer preferences, contributing to sustained market growth and adaptation in a competitive industry environment.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.