Upholstered Furniture Market to Grow with a CAGR of 6.8% through 2029

The global upholstered furniture market is driven owing to the rising demand for convenience foods, growing awareness about the health benefits of consuming artichokes.

According to TechSci Research report, “Upholstered Furniture Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global upholstered furniture market was valued at USD 108.79 Billion in 2023 and is expected to reach USD 161.44 Billion by 2029 with a CAGR of 6.8% during the forecast period. The global upholstered furniture market encompasses a broad range of furniture products, including sofas, chairs, ottomans, recliners, and beds, all of which are characterized by padding, springs, webbing, and fabric or leather covers. Upholstered furniture is designed to provide comfort and aesthetic appeal, making it a staple in residential, commercial, and institutional settings. Upholstered furniture is utilized in various environments, including residential homes, commercial spaces like offices and hotels, and institutional settings such as healthcare facilities. In the residential sector, these pieces are integral to living rooms, bedrooms, and dining rooms. Commercially, upholstered furniture is favored for its ability to enhance the ambiance and provide comfort in public spaces, including lounges, waiting areas, and conference rooms.

The global upholstered furniture market is witnessing a significant shift towards sustainability, driven by increasing consumer awareness of environmental issues. There is a growing demand for furniture made from sustainable materials, such as organic cotton, recycled fibers, and responsibly sourced wood. Consumers are increasingly prioritizing eco-friendly products, which has prompted manufacturers to adopt greener production processes and materials.

 Sustainability is not only about the materials used but also about the longevity and durability of the furniture. High-quality upholstered furniture is seen as a sustainable choice because it is built to last, reducing the need for frequent replacements. Manufacturers are responding to this demand by focusing on craftsmanship and quality, ensuring that their products offer both comfort and durability. In addition to using sustainable materials, many manufacturers are also adopting environmentally friendly production practices, such as reducing waste, minimizing energy consumption, and using water-based adhesives and finishes. This shift towards sustainable production is not only good for the environment but also appeals to the growing segment of environmentally conscious consumers. The rise of the circular economy is another factor driving demand for sustainable upholstered furniture. Consumers are increasingly looking for furniture that can be easily repaired, reupholstered, or recycled. This has led to a resurgence in the popularity of reupholstery services and modular furniture designs that allow for easy updates and repairs.

The growing emphasis on sustainability and environmental responsibility also presents a challenge for the upholstered furniture market. Governments and regulatory bodies worldwide are implementing stricter environmental regulations related to the sourcing of raw materials, production processes, and waste management. These regulations aim to reduce the environmental impact of furniture manufacturing, including deforestation, chemical pollution, and carbon emissions. Compliance with these regulations often requires manufacturers to invest in sustainable practices, such as sourcing eco-friendly materials, reducing waste, and improving energy efficiency in production. While these initiatives are essential for environmental protection, they can also increase production costs, which may be passed on to consumers. In addition to regulatory pressures, consumers are becoming more environmentally conscious, demanding sustainable products that align with their values. Manufacturers must balance the need to meet regulatory requirements with the desire to attract eco-conscious consumers. This challenge is compounded by the fact that sustainable products often come with a higher price tag, which may limit their appeal to price-sensitive consumers

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Upholstered Furniture Market.” 

The global upholstered furniture market is segmented into type, application, distribution channel, region, and company.

In the global upholstered furniture market, beds are emerging as the fastest-growing segment. Beds are becoming more than just a place to sleep; they are integral to health and wellness. The rising awareness of the importance of sleep quality has led to a surge in demand for high-quality, ergonomically designed beds. Features like adjustable bases, orthopedic mattresses, and smart technology integration are driving this segment's rapid growth. The growing middle-class population and increasing disposable incomes are driving the demand for luxury and comfort in the bedroom. Upholstered beds, often perceived as more luxurious and comfortable compared to traditional wooden or metal beds, are gaining popularity.

The global expansion of the hospitality industry is another significant driver for the growth of the upholstered beds segment. Hotels and resorts are increasingly investing in premium bedding solutions to enhance guest experiences, further propelling the demand for upholstered beds. In conclusion, while sofas continue to dominate the global upholstered furniture market due to their versatility, aesthetic appeal, and space optimization benefits, beds are rapidly emerging as the fastest-growing segment. The latter's growth is driven by a heightened focus on health and wellness, the demand for luxury and comfort, and expansion in the hospitality sector. These dynamics underscore the evolving preferences of consumers and the broader market trends shaping the global upholstered furniture market.

Major companies operating in global upholstered furniture market are:

• Rowe Fine Furniture, Inc.
• England Furniture Incorporated
• DFS Furniture PLC
• Norwalk Furniture
• LEE Industries
• Herman Miller, Inc.
• La-Z-Boy Incorporated
• Ethan Allen Interiors Inc.
• Williams-Sonoma, Inc.
• Bassett Furniture Industries, Inc.

Download Free Sample Report

Customers can also request for 10% free customization in this report 

“Customization and personalization are becoming increasingly important in the upholstered furniture market. Consumers are seeking products that reflect their personal style and preferences, leading to a growing demand for customizable furniture options. This trend is particularly strong among younger consumers who value individuality and uniqueness in their home decor. Manufacturers are responding to this trend by offering a wide range of customization options, such as choosing the fabric, color, size, and configuration of upholstered furniture. Some companies are even allowing customers to design their furniture from scratch, using online tools“. said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Upholstered Furniture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Chairs, Sofas, Tables, Beds, and Others), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Region, & Competition, 2019-2029F”, has evaluated the future growth potential of global upholstered furniture market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global upholstered furniture market.

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: www.techsciresearch.com