Global Furniture Market on Track for Strong Growth Through 2030, Driven by Urbanization, Digital Retail and Sustainable Innovation

BISHKEK / GLOBAL — The global furniture market is entering a period of sustained growth and transformation, with industry size expected to swell significantly over the next five years, according to an in-depth report by Mordor Intelligence. Projections show the market growing from approximately USD 768.78 billion in 2025 to USD 953.14 billion by 2030, reflecting a compound annual growth rate (CAGR) of around 4.39 %.

Drivers of Market Expansion

Several macro and micro trends are collectively accelerating furniture market growth:

Urbanization and Space Innovation — Rapid urban migration, particularly in Asia-Pacific and emerging economies, is increasing demand for space-saving modular furniture and multifunctional solutions.

Rise of E-Commerce & Digital Brands — Online retail channels are expanding fast, with direct-to-consumer (D2C) furniture brands leveraging digital platforms to reach global customers. The online retail sub-channel is predicted to grow at nearly 9.7 % CAGR by 2030, reshaping furniture buying habits.

Sustainability & Materials Innovation — Sustainability initiatives — including the use of recycled materials and bio-based composites — are increasingly influencing purchasing decisions and regulatory compliance. Wood remains dominant with a 55 % revenue share, while polymers are expected to grow rapidly at a 7.2 % CAGR through 2030.

Segment Trends & Consumer Behavior

Category Growth — Home furniture continues to command the largest share of the market. Bathroom furniture is forecast to grow at a notable 6.9 % CAGR through 2030, driven by wellness-oriented home upgrades.

Price & Premiumization — Mid-range products held nearly 48 % market share in 2024, while premium furniture segments are expanding faster, fueled by demand for luxury, sustainable, and tech-integrated designs.

Regional Leadership — The Asia-Pacific region leads global furniture revenues, accounting for around 42 % of the market in 2024. Southeast Asia, including markets such as Vietnam, Indonesia, and Malaysia, is expected to post the fastest regional CAGR at 7.8 % through 2030.

Industry Challenges & Strategic Responses

While growth prospects remain strong, the industry faces several structural challenges:

• Logistics and Distribution Costs: Bulky furniture items continue to incur high cross-border shipping costs and damage rates, imposing margin pressures for global e-commerce sellers.
• Regulatory Compliance: Evolving environmental regulations, including extended producer responsibility (EPR) rules in Europe, are prompting manufacturers to reengineer products for sustainability and recyclability.

Industry analysts highlight that companies combining sustainability, digital innovation, and design differentiation are better positioned to capture growth. Traditional manufacturers are increasingly adopting omni-channel retail strategies, integrating physical showrooms with robust online experiences and leveraging data-driven decision tools to tailor offerings in regional markets.

WHAT THIS MEANS FOR THE FURNITURE INDUSTRY

The Mordor Intelligence report underscores a pivotal moment for the furniture sector, where digital retail, sustainability, and consumer lifestyle shifts converge to redefine how furniture is designed, marketed, and consumed globally. Manufacturers and brands that strategically align with these macro trends — especially in emerging markets like Asia-Pacific — are expected to lead the next decade of growth and innovation.