Upholstery Furniture Market

Key Insights

The Global Upholstery Furniture Market is valued at USD 13.08 Billion in 2023 and is projected to reach a value of USD 19.60 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 5.18% between 2024 and 2032.

Overview and Description

Upholstery is the work of providing furniture, especially seats, with padding, springs, webbing, and fabric or leather covers. The word also refers to the materials used to upholster something.

This report provides an analysis of the Upholstery Furniture Market for the historic period of 2018–2022 and forecasts for 2023–2032 while 2022 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2023–2032. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Upholstery Furniture Market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Upholstery Furniture Market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long-term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

• The increasing popularity of modern and contemporary furniture along with improvements in standard of living is anticipated to augment the growth of the Upholstery Furniture Market over the forecast period.
• Furthermore, the increase in innovations and developments in the fabric industry and the availability of various options is also expected to fuel the growth of the Upholstery Furniture Market in the years to come.
• The limited availability of skilled labor to meet fluctuating consumer demand is expected to hinder the growth of the Upholstery Furniture Market in the years to come.

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2023–2032. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Product, the market is divided into Sofas & Chairs, Beds & Mattresses, Others,. Sofas & Chairs dominated the Global Upholstery Furniture Market in 2022 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Residential, Commercial, Other,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

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Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis: Preview

Based on the geography, the Global Upholstery Furniture Market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2023–2032.

Competitive Landscape

The Global Upholstery Furniture Market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Upholstery Furniture Market are Rock House Farm, Rowe Furniture, Hughes Furniture, Norwalk Furniture, Lee Industries, American Furniture Manufacturing Inc., Craftmaster Furniture, Norwalk Furniture, Century Furniture, IKEA, Palliser Furniture Upholstery Ltd., Intermountain Furniture Manufacturing, Delta Furniture, Sherrill Furniture.. This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players.

The Global Upholstery Furniture Market can be categorized as Type, Application, End-Use Industry, and Region.