Asia Pacific Furniture Market (2021-2027) | Size, Share, Trends, Revenue, Analysis, Forecast, Growth, industry & COVID-19 IMPACT

Asia pacific furniture market report thoroughly covers the market by material type, by end-users, and by countries including India, China, Singapore, Australia, and Japan. Asia pacific furniture market outlook report provides an unbiased and detailed analysis of the ongoing Asia pacific furniture 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.

Latest (2023) Development of the Asia Pacific (APAC) Furniture Market

Asia Pacific (APAC) Furniture Market has seen immense growth and is expected to grow in the forthcoming years. Consumers in the Asia-Pacific region are becoming more conscious about their impact on the environment and are increasingly shifting towards sustainable furniture items. With the emerging technology, the furniture industry of Asia-Pacific is also evolving. Smart furniture, equipped with features such as charging ports, built-in speakers, and lighting is gaining popularity in this region. E-commerce is booming in the Asia Pacific region and many furniture retailers are expanding their online presence to reach a wider customer. Growing demand for minimalist and multi-functional furniture is also contributing to the growth of the Asia Pacific (APAC) Furniture Market.

Many furniture manufacturers in the Asia Pacific region are investing in technology and automation to improve efficiency and competitiveness which includes the adoption of advanced manufacturing techniques and the usage of robotics in the production processes of furniture. The Asia Pacific furniture market is expected to witness tremendous growth by rising incomes, rapid urbanization, and changing consumer preferences.

Asia Pacific (APAC) Furniture Market Synopsis

Asia pacific furniture market is a part of Global Furniture Market and is anticipated to register growth on the back of a strong housing market driven by increasing population, and growth in nuclear families. The building construction industry in the Asia Pacific is expected to grow which also increases furniture demand in the Asia Pacific region. The consumer disposal income rises gradually due to slow but steady improvement in the economic condition of various countries in Asia-pacific. The growing demand for premium furniture owing to improvements in the standard of living is adding to the growth of the furniture industry.

According to 6Wresearch, the Asia Pacific Furniture Market is projected to register growth from 2021 to 2027. Moreover, the entrance of key manufacturers into the furniture market is accelerating the development of the market as per the Furniture Market Trends. In addition to this, urbanization and improving lifestyles are some prominent factors of growth in the Asia-pacific region. However, the spread of COVID-19 declined the growth in Asia Pacific. The decline is because of the economic slowdown but in the future, it is expecting high growth in the furniture market because of changing lifestyles, specifically with “Work from Home” becoming normal. The biggest furniture industry in Asia-pacific is China and India. China is one of the leading producers, consumers, and exporters of furniture. Furniture Market in India also grows rapidly because of growth in the infrastructure sectors, like real estate and tourism, which increase the demand for furniture and rising standard of living, which is leading to the increased introduction of premium products.

Market Analysis by Material Types

Based on Material Types Asia Region is famous for wood furniture. Based on end-use, the market has been segmented into the residential and commercial sectors. In the residential segment, the home furniture market is more dominated driven by urbanization and changing lifestyles. Additionally, the users of the online segment increasing rapidly and revenue shares increasing rapidly, owing to various discounts and after-sales services offered by retailers. The easy availability of furniture on the online platform is influencing the sales of domestic furniture products.

Key Highlights of the Report:

• Asia Pacific Furniture Market Outlook
• Market Size of Asia Pacific Furniture Market, 2020
• Forecast of Asia Pacific Furniture Market, 2027
• Historical Data and Forecast of Asia Pacific Furniture Revenues & Volume for the Period 2017 - 2027
• Asia Pacific Furniture Market Trend Evolution
• Asia Pacific Furniture Market Drivers and Challenges
• Asia Pacific Furniture Price Trends
• Asia Pacific Furniture Porter's Five Forces
• Asia Pacific Furniture Industry Life Cycle
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Material Types for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Plastic for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Wood for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Metal for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of China Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of India Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Japan Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Thailand Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Singapore Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Furniture Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Asia Pacific Furniture Market - Key Performance Indicators
• Asia Pacific Furniture Market - Import Export Trade Statistics
• Asia Pacific Furniture Market - Opportunity Assessment By Countries
• Asia Pacific Furniture Market - Opportunity Assessment By Material Types
• Asia Pacific Furniture Market - Opportunity Assessment By Applications
• Asia Pacific Furniture Market - Top Companies Market Share
• Asia Pacific Furniture Market - Top Companies Profiles
• Asia Pacific Furniture Market - Comparison of Players in Technical and Operating Parameters
• Asia Pacific Furniture Market - Strategic Recommendations

Markets Covered

The Market report includes the following segments:

By Material Types:

• Plastic
• Wood
• Metal
• Others

By Applications:

• Residential
• Commercial

By Countries:

• India
• China
• Japan
• Australia
• Thailand
• Indonesia
• Malaysia
• Rest of Asia Pacific

Frequently Asked Questions About the Market Study:

1. What are the key trends shaping the Asia Pacific furniture market?

The increasing popularity of online sales, rising eco-friendly and sustainable furniture products, and the growing demand for multi-functional furniture are the major key trends shaping the market. 

2. What is the outlook for the Asia Pacific Furniture Industry?

The outlook for the industry is positive with the growing demand for furniture products in Asia-Pacific. 

3. What are the challenges encountered by the furniture market?

Changing consumer preferences, intense competition, and fluctuations in raw material prices are some of the major challenges faced by the market. 

4. What are the key opportunities in the Asia Pacific Furniture Industry?

There are several opportunities in the Asia Pacific furniture market such as the growing demand for eco-friendly furniture products, the growing popularity of online sales of furniture, and the surging demand for space-saving furniture products.

Frequently Asked Questions About the Market Study (FAQs):