Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Material Types (Plastic, Wood, Metal, Other), By Applications (Residential, Commercial) And Competitive Landscape
Product Code: ETC056751 | Publication Date: Feb 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Furniture market |
Forecast period | 2025-2031 |
Forecast Size | USD 260 Billion – USD 440 Billion |
CAGR | 6.9% |
Growing Sector | Construction |
The Asia Pacific Furniture market report thoroughly covers the market by material type, by end-users and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Furniture Market is projected to reach approximately $ 440 billion by 2031, growing at a compound annual growth rate (CAGR) of around 6.9% from an estimated $ 260 billion in 2025. The construction sector holds the highest market share in the region.
The Asia Pacific furniture market is experiencing substantial growth, driven by increasing urbanization, rising disposable incomes, and changing consumer preferences toward home and office furnishings. The growing middle-class population, particularly in countries like China, India, and Southeast Asian nations, is leading to higher demand for both premium and affordable furniture. The market is also influenced by trends in e-commerce, as consumers increasingly purchase furniture online for convenience and variety. Additionally, innovations in design, sustainability, and the use of eco-friendly materials are shaping the market, with a growing preference for multifunctional, space-saving furniture due to smaller living spaces. As the region's economies continue to expand and the real estate sector flourishes, the demand for diverse furniture styles, from traditional to modern, is expected to drive continued growth in the Asia Pacific furniture market.
According to 6Wresearch, the Asia Pacific Furniture market size is projected to grow at a CAGR of 6.9% during 2025-2031. The Asia Pacific furniture market is experiencing robust growth, driven by several key factors. Increasing urbanization, especially in emerging economies like China, India, and Southeast Asia, is a major driver, as more people move into urban areas and seek modern, space-efficient furniture for smaller living spaces. Rising disposable incomes, particularly among the middle class, are also contributing to higher demand for premium and luxury furniture. The growing trend of e-commerce is further fueling market expansion, as online platforms provide a convenient and expansive way for consumers to shop for furniture. Additionally, there is a rising preference for eco-friendly, sustainable furniture made from renewable materials, reflecting the region’s growing environmental consciousness. However, the market also faces challenges such as fluctuating raw material costs, particularly wood and metal, which can affect production costs. Supply chain disruptions, labor shortages, and rising shipping costs have been additional hurdles, particularly in the post-pandemic era. Furthermore, intense competition among both global and local manufacturers, as well as changing consumer preferences and economic fluctuations, can make market stability challenging. Despite these obstacles, the growing demand for multifunctional, stylish, and sustainable furniture continues to drive overall market growth.
Key companies in the Asia Pacific furniture market include IKEA, a global leader in affordable and stylish home furnishings, with a strong presence in countries like China, Japan, and India. Godrej Interio, an Indian brand known for its innovative and sustainable furniture solutions, is another major player. Steelcase and Herman Miller are prominent in the commercial furniture segment, offering ergonomic and design-focused office furniture. Ashley Furniture has a strong foothold in the region, providing a wide range of home furniture. Muji, a Japanese retailer, is also gaining popularity with its minimalist, functional furniture designs. Additionally, some of these players hold majority of the Asia Pacific Furniture market share. Moreover, regional players like Scanteak and King Living are well-regarded for their high-quality and contemporary furniture designs. These companies are driving innovation, expanding their product offerings, and tapping into the growing demand for modern, sustainable furniture in the region.
Government regulations in the Asia Pacific region are increasingly focusing on sustainability, safety, and environmental standards within the furniture industry. Several countries, including Japan, China, and India, have implemented stricter environmental policies that encourage the use of eco-friendly materials, recycling, and waste reduction in furniture production. For instance, China's 13th Five-Year Plan promotes green manufacturing, urging furniture manufacturers to adopt energy-efficient practices and reduce carbon emissions. Additionally, many countries have set standards for the use of non-toxic materials, such as low-VOC (volatile organic compounds) finishes, to ensure consumer safety. In India, the Furniture and Home Decor Export Policy includes guidelines for sustainable sourcing and production. Further, these initiatives have further boosted the Asia Pacific Furniture market revenues. Moreover, these regulations are pushing manufacturers to innovate, offering opportunities for businesses that prioritize sustainability and environmentally responsible practices, while also driving market shifts toward more eco-conscious consumer products.
The future of the Asia Pacific furniture market is expected to be shaped by continued urbanization, rising disposable incomes, and evolving consumer preferences for both stylish and functional designs. The growing trend of smart homes and the integration of technology in furniture, such as smart beds and tables with built-in charging ports, will drive innovation. Additionally, the demand for eco-friendly, sustainable, and customizable furniture will remain strong, with consumers increasingly seeking products made from renewable materials or those that promote a circular economy. The ongoing expansion of e-commerce platforms will further propel market growth, offering convenience and wider accessibility. With the rise of hybrid working models, there will also be a sustained demand for ergonomic and space-saving office furniture. As sustainability and technological advancements continue to influence consumer choices, the Asia Pacific furniture market is poised for dynamic growth in the coming years, with a focus on sustainability, innovation, and adaptability.
According to Ravi Bhandari, Research Head, 6Wresearch, China is a key driver of growth in the Asia Pacific furniture market, owing to its massive manufacturing sector, rapid urbanization, and increasing middle-class population. As one of the largest producers and consumers of furniture in the world, China is witnessing rising demand for both affordable and premium furniture, driven by the growing trend of modern living spaces and home decor. The country’s strong e-commerce sector is also boosting furniture sales, as more consumers opt for online shopping due to convenience and variety. Additionally, the government's focus on sustainability and eco-friendly practices is pushing manufacturers to adopt greener materials and processes. As China’s real estate market continues to expand, particularly in urban areas, the demand for stylish, functional, and space-saving furniture is expected to drive sustained growth in the furniture market. Moreover, the rise of smart home technology is influencing furniture trends, with Chinese consumers increasingly seeking tech-integrated solutions for their homes.
The commercial application of furniture in the Asia Pacific region is experiencing strong growth, driven by the expansion of the corporate sector, the rise of flexible workspaces, and increasing investments in infrastructure. With the shift toward remote and hybrid working models, demand for ergonomic, multifunctional office furniture is soaring, particularly in urban hubs like Tokyo, Singapore, and Mumbai. Businesses are increasingly prioritizing employee well-being and productivity, fueling the adoption of modern office furniture solutions designed for comfort and collaboration. Additionally, the hospitality, retail, and healthcare sectors are driving demand for specialized furniture, such as modular designs for hotels, stylish seating for retail spaces, and durable furniture for medical facilities. As commercial real estate development continues across the region, the need for high-quality, innovative furniture that supports both functionality and aesthetics is expected to fuel further growth in the commercial furniture market.
The Asia Pacific Furniture market report provides a detailed analysis of the following market segments -
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Furniture Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Furniture Market - Industry Life Cycle |
3.4 Asia Pacific Furniture Market - Porter's Five Forces |
3.5 Asia Pacific Furniture Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Furniture Market Revenues & Volume Share, By Material Types, 2021 & 2031F |
3.7 Asia Pacific Furniture Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Asia Pacific Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Furniture Market Trends |
6 Asia Pacific Furniture Market, 2021 - 2031 |
6.1 Asia Pacific Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
6.2 Asia Pacific Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
7 China Furniture Market, 2021 - 2031 |
7.1 China Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
7.2 China Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
8 India Furniture Market, 2021 - 2031 |
8.1 India Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
8.2 India Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
9 Japan Furniture Market, 2021 - 2031 |
9.1 Japan Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
9.2 Japan Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
10 Australia Furniture Market, 2021 - 2031 |
10.1 Australia Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
10.2 Australia Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
11 Indonesia Furniture Market, 2021 - 2031 |
11.1 Indonesia Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
11.2 Indonesia Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
12 Philippines Furniture Market, 2021 - 2031 |
12.1 Philippines Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
12.2 Philippines Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
13 Thailand Furniture Market, 2021 - 2031 |
13.1 Thailand Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
13.2 Thailand Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
14 Malaysia Furniture Market, 2021 - 2031 |
14.1 Malaysia Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
14.2 Malaysia Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
15 Singapore Furniture Market, 2021 - 2031 |
16 Rest of Asia Furniture Market, 2021 - 2031 |
16.1 Rest of Asia Furniture Market, Revenues & Volume, By Material Types, 2021 - 2031 |
16.2 Rest of Asia Furniture Market, Revenues & Volume, By Applications, 2021 - 2031 |
17 Asia Pacific Furniture Market Key Performance Indicators |
18 Asia Pacific Furniture Market - Opportunity Assessment |
18.1 Asia Pacific Furniture Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Furniture Market Opportunity Assessment, By Material Types, 2021 & 2031F |
18.3 Asia Pacific Furniture Market Opportunity Assessment, By Applications, 2021 & 2031F |
19 Asia Pacific Furniture Market - Competitive Landscape |
19.1 Asia Pacific Furniture Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |