Living Room Furniture Market Strategies and Share 2031
Living room furniture primarily consists of wooden sofas, teapoy, TV Cupboards, wall-shelves, and etc. A living room is a room in a home that's used for entertaining friends, talking, reading, or watching television. A typical Western living room may contain furnishings such as a sofa, chairs, occasional tables, coffee tables, bookshelves, televisions, electric lamps, rugs, or other furniture.
MARKET SCOPE
The "Global Living Room Furniture Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the living room furniture market with detailed market segmentation by product type, distribution channel, and geography. The report provides key statistics on the market status of the leading living room furniture market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global living room furniture market is segmented into sofas & couches, chairs and tables, and others.
- Based on distribution channel, the global living room furniture market is segmented into specialty stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Growing living standards and increased urbanization.
- Increasing disposable income.
Restraints:
- Relatively higher price of the sofas and couches.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The living room furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the living room furniture market in these regions.
IMPACT OF COVID-19 ON LIVING ROOM FURNITURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The living room furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the living room furniture market in these regions.
IMPACT OF COVID-19 ON LIVING ROOM FURNITURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the living room furniture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from living room furniture market are anticipated to lucrative growth opportunities in the future with the rising demand for living room furniture in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the living room furniture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- IKEA
- Ashley Furniture Industries
- NITORI
- Yihua Timber
- Huafeng Furniture
- Dorel Industries
- Nobilia
- Sauder Woodworking
- Suofeiya
- La-Z-Boy Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Living Room Furniture Market - By Product Type
1.3.2 Living Room Furniture Market - By Distribution Channel
1.3.3 Living Room Furniture Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIVING ROOM FURNITURE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LIVING ROOM FURNITURE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LIVING ROOM FURNITURE MARKET - GLOBAL MARKET ANALYSIS
6.1. LIVING ROOM FURNITURE - GLOBAL MARKET OVERVIEW
6.2. LIVING ROOM FURNITURE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIVING ROOM FURNITURE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFAS AND COUCHES
7.3.1. Overview
7.3.2. Sofas and Couches Market Forecast and Analysis
7.4. CHAIRS AND TABLES
7.4.1. Overview
7.4.2. Chairs and Tables Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. LIVING ROOM FURNITURE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SPECIALTY STORES
8.3.1. Overview
8.3.2. Specialty Stores Market Forecast and Analysis
8.4. ONLINE RETAIL
8.4.1. Overview
8.4.2. Online Retail Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LIVING ROOM FURNITURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Living Room Furniture Market Overview
9.1.2 North America Living Room Furniture Market Forecasts and Analysis
9.1.3 North America Living Room Furniture Market Forecasts and Analysis - By Product Type
9.1.4 North America Living Room Furniture Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Living Room Furniture Market Forecasts and Analysis - By Countries
9.1.5.1 United States Living Room Furniture Market
9.1.5.1.1 United States Living Room Furniture Market by Product Type
9.1.5.1.2 United States Living Room Furniture Market by Distribution Channel
9.1.5.2 Canada Living Room Furniture Market
9.1.5.2.1 Canada Living Room Furniture Market by Product Type
9.1.5.2.2 Canada Living Room Furniture Market by Distribution Channel
9.1.5.3 Mexico Living Room Furniture Market
9.1.5.3.1 Mexico Living Room Furniture Market by Product Type
9.1.5.3.2 Mexico Living Room Furniture Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Living Room Furniture Market Overview
9.2.2 Europe Living Room Furniture Market Forecasts and Analysis
9.2.3 Europe Living Room Furniture Market Forecasts and Analysis - By Product Type
9.2.4 Europe Living Room Furniture Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Living Room Furniture Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Living Room Furniture Market
9.2.5.1.1 Germany Living Room Furniture Market by Product Type
9.2.5.1.2 Germany Living Room Furniture Market by Distribution Channel
9.2.5.2 France Living Room Furniture Market
9.2.5.2.1 France Living Room Furniture Market by Product Type
9.2.5.2.2 France Living Room Furniture Market by Distribution Channel
9.2.5.3 Italy Living Room Furniture Market
9.2.5.3.1 Italy Living Room Furniture Market by Product Type
9.2.5.3.2 Italy Living Room Furniture Market by Distribution Channel
9.2.5.4 United Kingdom Living Room Furniture Market
9.2.5.4.1 United Kingdom Living Room Furniture Market by Product Type
9.2.5.4.2 United Kingdom Living Room Furniture Market by Distribution Channel
9.2.5.5 Russia Living Room Furniture Market
9.2.5.5.1 Russia Living Room Furniture Market by Product Type
9.2.5.5.2 Russia Living Room Furniture Market by Distribution Channel
9.2.5.6 Rest of Europe Living Room Furniture Market
9.2.5.6.1 Rest of Europe Living Room Furniture Market by Product Type
9.2.5.6.2 Rest of Europe Living Room Furniture Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Living Room Furniture Market Overview
9.3.2 Asia-Pacific Living Room Furniture Market Forecasts and Analysis
9.3.3 Asia-Pacific Living Room Furniture Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Living Room Furniture Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Living Room Furniture Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Living Room Furniture Market
9.3.5.1.1 Australia Living Room Furniture Market by Product Type
9.3.5.1.2 Australia Living Room Furniture Market by Distribution Channel
9.3.5.2 China Living Room Furniture Market
9.3.5.2.1 China Living Room Furniture Market by Product Type
9.3.5.2.2 China Living Room Furniture Market by Distribution Channel
9.3.5.3 India Living Room Furniture Market
9.3.5.3.1 India Living Room Furniture Market by Product Type
9.3.5.3.2 India Living Room Furniture Market by Distribution Channel
9.3.5.4 Japan Living Room Furniture Market
9.3.5.4.1 Japan Living Room Furniture Market by Product Type
9.3.5.4.2 Japan Living Room Furniture Market by Distribution Channel
9.3.5.5 South Korea Living Room Furniture Market
9.3.5.5.1 South Korea Living Room Furniture Market by Product Type
9.3.5.5.2 South Korea Living Room Furniture Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Living Room Furniture Market
9.3.5.6.1 Rest of Asia-Pacific Living Room Furniture Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Living Room Furniture Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Living Room Furniture Market Overview
9.4.2 Middle East and Africa Living Room Furniture Market Forecasts and Analysis
9.4.3 Middle East and Africa Living Room Furniture Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Living Room Furniture Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Living Room Furniture Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Living Room Furniture Market
9.4.5.1.1 South Africa Living Room Furniture Market by Product Type
9.4.5.1.2 South Africa Living Room Furniture Market by Distribution Channel
9.4.5.2 Saudi Arabia Living Room Furniture Market
9.4.5.2.1 Saudi Arabia Living Room Furniture Market by Product Type
9.4.5.2.2 Saudi Arabia Living Room Furniture Market by Distribution Channel
9.4.5.3 U.A.E Living Room Furniture Market
9.4.5.3.1 U.A.E Living Room Furniture Market by Product Type
9.4.5.3.2 U.A.E Living Room Furniture Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Living Room Furniture Market
9.4.5.4.1 Rest of Middle East and Africa Living Room Furniture Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Living Room Furniture Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Living Room Furniture Market Overview
9.5.2 South and Central America Living Room Furniture Market Forecasts and Analysis
9.5.3 South and Central America Living Room Furniture Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Living Room Furniture Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Living Room Furniture Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Living Room Furniture Market
9.5.5.1.1 Brazil Living Room Furniture Market by Product Type
9.5.5.1.2 Brazil Living Room Furniture Market by Distribution Channel
9.5.5.2 Argentina Living Room Furniture Market
9.5.5.2.1 Argentina Living Room Furniture Market by Product Type
9.5.5.2.2 Argentina Living Room Furniture Market by Distribution Channel
9.5.5.3 Rest of South and Central America Living Room Furniture Market
9.5.5.3.1 Rest of South and Central America Living Room Furniture Market by Product Type
9.5.5.3.2 Rest of South and Central America Living Room Furniture Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIVING ROOM FURNITURE MARKET, KEY COMPANY PROFILES
11.1. IKEA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASHLEY FURNITURE INDUSTRIES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NITORI
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. YIHUA TIMBER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HUAFENG FURNITURE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DOREL INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NOBILIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAUDER WOODWORKING
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUOFEIYA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LA-Z-BOY INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. IKEA
2. Ashley Furniture Industries
3. NITORI
4. Yihua Timber
5. Huafeng Furniture
6. Dorel Industries
7. Nobilia
8. Sauder Woodworking
9. Suofeiya
10. La-Z-Boy Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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