Upholstered Furniture Market Size to Grow by USD 15.96 billion, Growing Influence of Different Retailing Channels to Drive Growth - Technavio

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The growth of the global upholstered furniture market is driven by the growing influence of different retailing channels. This growth is influenced by the increasing popularity of online and offline retailing channels across the world. Offline retailers include organized retailers such as manufacturer-branded stores, traditional stores, rental stores, discount stores, warehouse clubs, and designer stores. The number of these retailers has increased owing to rapid industrialization. They have become one of the primary sources of selling and distributing upholstered globally. The influence of e-commerce-based shopping and online retailing has increased due to the rising internet penetration. Various players have launched new online stores or e-commerce-based outlets. They are also focusing on selling their products through channels such as mobile apps to target alternative retailing channels. Thus, the rising influence of different retailing channels will drive the market during the forecast period.

The upholstered furniture market size is expected to grow by USD 15.96 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.04% during the forecast period, according to Technavio.

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Upholstered Furniture Market: Distribution Channel Landscape
By distribution channel, the market has been segmented into offline and online. The offline segment will be the largest contributor to market growth during the forecast period. Offline stores enable consumers to physically examine upholstered furniture, unlike online distribution channels. Offline upholstered furniture stores are popular in developed and developing countries across the world.

Upholstered Furniture Market: Geographic Landscape
By geography, the market has been segmented into APAC, North America, Europe, South America, and the Middle East and Africa. APAC is expected to have lucrative growth during the forecast period. About 47% of the market's overall growth is expected to originate from APAC. China and Japan are the key countries for the upholstered furniture market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.

Companies Covered

  • Ashcomm LLC
  • Bassett Furniture Industries
  • Century Furniture LLC
  • Craftmaster Furniture Inc.
  • DELTA furnishers
  • DFS Furniture PLC
  • Ekornes Ltd.
  • Flexsteel Industries Inc.
  • Hooker Furniture Corp.
  • Hughes Furniture Industries Inc.
  • Inter IKEA Holding BV
  • Intermountain Furniture Manufacturing
  • LaZBoy Inc.
  • LEEINDUSTRIES.COM LLC
  • Mayo Manufacturing Corp.
  • Norwalk Custom Order Furniture LLC
  • Palliser Furniture Ltd.
  • Rowe Fine Furniture Inc.
  • Sherrill Furniture
  • ShowroomSoftware

This report provides a full list of key vendors, their strategies, and the latest developments in the upholstered furniture market. Request a FREE PDF Sample Now

What our reports offer

  • Market share assessments for regional-level as well as country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2021, 2022, until 2026
  • Market trends (opportunities, drivers, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimates
  • Competitive landscaping highlighting the key common trends
  • Company profiling with detailed strategies, recent developments, and financials
  • Supply chain trends mapping the latest technological advancements

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Upholstered Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.04%

Market growth 2022-2026

USD 15.96 billion

Market structure

Fragmented

YoY growth (%)

4.1

Regional analysis

APAC, North America, Europe, South America, and Middle
East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer
engagement scope

Companies profiled

Ashcomm LLC, Bassett Furniture Industries, Century
Furniture LLC, Craftmaster Furniture Inc., DELTA
furnishers, DFS Furniture PLC, Ekornes Ltd., Flexsteel
Industries Inc., Hooker Furniture Corp., Hughes Furniture
Industries Inc., Inter IKEA Holding BV, Intermountain
Furniture Manufacturing, LaZBoy Inc.,
LEEINDUSTRIES.COM LLC, Mayo Manufacturing Corp.,
Norwalk Custom Order Furniture LLC, Palliser Furniture
Ltd., Rowe Fine Furniture Inc., Sherrill Furniture, and
ShowroomSoftware

Market Dynamics

Parent market analysis, market growth inducers and
obstacles, fast-growing and slow-growing segment
analysis, COVID-19 impact and future consumer
dynamics, and market condition analysis for the forecast
period

Customization purview

If our report has not included the data that you are looking
for, you can reach out to our analysts and get segments
customized

 

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Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments 
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel 
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Ashcomm LLC 
    • Exhibit 89: Ashcomm LLC - Overview
    • Exhibit 90: Ashcomm LLC - Product / Service
    • Exhibit 91: Ashcomm LLC - Key offerings
  • 10.4 DFS Furniture PLC 
    • Exhibit 92: DFS Furniture PLC - Overview
    • Exhibit 93: DFS Furniture PLC - Business segments
    • Exhibit 94: DFS Furniture PLC - Key offerings
    • Exhibit 95: DFS Furniture PLC - Segment focus
  • 10.5 Hooker Furniture Corp. 
    • Exhibit 96: Hooker Furniture Corp. - Overview
    • Exhibit 97: Hooker Furniture Corp. - Business segments
    • Exhibit 98: Hooker Furniture Corp. - Key offerings
    • Exhibit 99: Hooker Furniture Corp. - Segment focus
  • 10.6 LaZBoy Inc. 
    • Exhibit 100: LaZBoy Inc. - Overview
    • Exhibit 101: LaZBoy Inc. - Business segments
    • Exhibit 102: LaZBoy Inc. - Key offerings
    • Exhibit 103: LaZBoy Inc. - Segment focus
  • 10.7 LEEINDUSTRIES.COM LLC 
    • Exhibit 104: LEEINDUSTRIES.COM LLC - Overview
    • Exhibit 105: LEEINDUSTRIES.COM LLC - Product / Service
    • Exhibit 106: LEEINDUSTRIES.COM LLC - Key offerings
  • 10.8 Mayo Manufacturing Corp. 
    • Exhibit 107: Mayo Manufacturing Corp. - Overview
    • Exhibit 108: Mayo Manufacturing Corp. - Product / Service
    • Exhibit 109: Mayo Manufacturing Corp. - Key offerings
  • 10.9 Norwalk Custom Order Furniture LLC 
    • Exhibit 110: Norwalk Custom Order Furniture LLC - Overview
    • Exhibit 111: Norwalk Custom Order Furniture LLC - Product / Service
    • Exhibit 112: Norwalk Custom Order Furniture LLC - Key offerings
  • 10.10 Palliser Furniture Ltd. 
    • Exhibit 113: Palliser Furniture Ltd. - Overview
    • Exhibit 114: Palliser Furniture Ltd. - Product / Service
    • Exhibit 115: Palliser Furniture Ltd. - Key offerings
  • 10.11 Rowe Fine Furniture Inc. 
    • Exhibit 116: Rowe Fine Furniture Inc. - Overview
    • Exhibit 117: Rowe Fine Furniture Inc. - Product / Service
    • Exhibit 118: Rowe Fine Furniture Inc. - Key offerings
  • 10.12 Sherrill Furniture 
    • Exhibit 119: Sherrill Furniture - Overview
    • Exhibit 120: Sherrill Furniture - Product / Service
    • Exhibit 121: Sherrill Furniture - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 122: Inclusions checklist
    • Exhibit 123: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 124: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 125: Research methodology
    • Exhibit 126: Validation techniques employed for market sizing
    • Exhibit 127: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 128: List of abbreviations

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