GITNUX MARKETDATA REPORT 2024

Must-Know Furniture Statistics [Recent Analysis]

Statistic 1

"The global furniture market is expected to reach $939.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 6.8%."

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Statistic 2

"Approximately 33% of furniture-related injuries in the U.S. are caused by falls from chairs."

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Statistic 3

"The online furniture market in the U.S. was valued at $45.7 billion in 2020."

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Statistic 4

"In 2019, China was the largest exporter of furniture, with a global market share of 36.8%."

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Statistic 5

"An estimated 12 million tons of furniture waste is generated in the European Union per year."

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Statistic 6

"In 2019, the United Kingdom’s furniture retail market was worth approximately £17.6 billion."

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Statistic 7

"The global market for outdoor furniture is predicted to reach $26.6 billion by 2026."

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Statistic 8

"Approximately 90% of U.S. furniture manufacturers are small businesses with less than 100 employees."

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Statistic 9

"It is estimated that the global market of eco-friendly furniture will grow at a CAGR of 5.8% between 2019 and 2024."

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Statistic 10

"The Indian furniture market is expected to reach $8.4 billion in 2025, growing at a CAGR of 8.2% from 2025 to 2035."

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Statistic 11

"An estimated 40,000 to 50,000 children in Indonesia are involved in the production of wooden furniture."

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Statistic 12

"In Australia, the furniture industry generates annual revenue of approximately AUD$12 billion."

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Statistic 13

"Approximately 24% of consumers in the U.S. prefer to purchase home furniture online."

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Statistic 14

"The global market for children’s furniture is expected to reach $34.17 billion by 2025."

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Statistic 15

"In the United States, California has the highest concentration of furniture stores, followed by Texas and Florida."

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Statistic 16

"The average American household spends approximately $502 annually on furniture."

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Statistic 17

"In 2020, the average price of a sofa in the United States was $1,024."

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Statistic 18

"Unfinished wood furniture accounts for about 10% to 15% of total furniture sales in the United States."

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Statistic 19

"In 2021, IKEA, the world’s largest furniture retailer, had a brand value of $22.8 billion."

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