This briefing examines how the furniture industry is performing globally and in the largest countries in terms of furniture output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the particular region.
This report comes in PPT.
The global furniture industry is expected to continue its growth trajectory in 2025. However, the industry will need to navigate several ongoing challenges, such as persistent supply chain issues, a worsened economic outlook in North America and rising trade tensions. All these factors could limit demand and increase costs, requiring cost discipline from companies.
Asian countries are forecast to drive the growth of the global furniture industry. China, India and Vietnam are expected to be among the key bright spots, benefiting from cost advantages, sizeable domestic markets and strong export potential.
In 2024, cost pressures on the industry stabilised, but remained elevated in most countries. Rising labour costs, trade uncertainty and volatility in commodities markets are among the key challenges for the industry. Companies will need to focus on optimising their supply chains, diversifying their sources of raw materials, and implementing cost-effective strategies to improve profit margins.
Emerging markets in Asia Pacific and Latin America are forecast to offer new sales opportunities for the furniture industry over the forecast period. Companies will need to adapt and better cater the needs of consumers in emerging markets. The ones that succeed in doing so have the best chances of gaining greater market share.
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