Australian Furniture Market Forecast & Opportunities to 2025 - ResearchAndMarkets.com

The "Australia Furniture Market, By Product Type (Home Furniture, Office Furniture and Institutional Furniture), By Point of Sale (Exclusive Showrooms, Supermarkets/Hypermarkets, Online and Others), By Raw Material Type, By Company, By Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The Australian Furniture Market was valued USD 7.76 Billion in 2019 and is predicted to be valued USD 8.78 Billion by 2025.

Favorable economic factors such as rapid urban infrastructure developments, growing demand from residential as well as non-residential sectors coupled with encouraging government policies and low mortgage interest rates, have provided a conducive operating environment for furniture industry and pushed furniture demand through the years.

The Australian Furniture Market is driven by growing urban population and increasing spending pattern for comfortable lifestyle. Also, online availability of furniture for permanent or rental use is positively influencing the growth of the market over the next few years. However, volatile prices of raw materials used in the manufacture of furniture can hamper the growth of the market.

The Australian Furniture Market is segmented based on product type, point of sale, raw material type, company and region. Based on raw material type, the market is segmented into wood, plastic, metal and others. Out of which, the wood segment dominated the market with share of 55.31% in 2019 and the segment is anticipated to maintain its leading position during the forecast period as well on account of the benefits offered by wood when compared to other materials such as high strength & durability, cost effectiveness, ease of maintenance, among many others. In terms of product type, the market is fragmented into home furniture, office furniture and institutional furniture. The home furniture segment is estimated to grow at a high pace in over the years to come which is attributable to growing demand for furniture in living room and bedroom.

The major players operating in the furniture market are IKEA Pty Limited, Steelcase Australia Pty. Ltd, Herman Miller (Aust.) Proprietary Limited, Haworth Australia Pty Limited, Greenlit Brands Pty Limited, HNI Corporation, Knoll Inc., Sebel Pty Ltd., Schiavello Group Pty. Ltd., Harvey Norman Holdings Limited, Bfx Australia Pty Ltd, Amart Furniture Pty Ltd, D D K Commercial Interiors Pty Ltd , Bentons Kitchens Pty Ltd, AKD Softwoods Pty Ltd, Chiswell Furniture Pty Ltd , Forty Winks Franchising Pty Ltd, Furnware Group Pty Ltd, Fuller Furniture and others. Major companies are adopting competitive strategies such as product innovation and increasing presence in the country in order to register sound return.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021-2025

Objective of the Study:

• To analyze and estimate the market size of the Australian Furniture Market from 2015 to 2018.
• To estimate and forecast the market size of the Australian Furniture Market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast the Australian Furniture Market based on product type, distribution channel, raw material type, company and regional distribution.
• To identify dominant region or segment in the Australian Furniture Market.
• To identify drivers and challenges for the Australian Furniture Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Australian Furniture Market.
• To conduct pricing analysis for the Australian Furniture Market.
• To identify and analyze the profile of leading players operating in the Australian Furniture Market.
• To identify key sustainable strategies adopted by market players in the Australian Furniture Market.

Key Target Audience:

• Furniture manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to furniture

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Companies Mentioned

• IKEA Pty Limited
• Steelcase Australia Pty. Ltd
• Herman Miller (Aust.) Proprietary Limited
• Haworth Australia Pty Limited
• Greenlit Brands Pty Limited
• HNI Corporation
• Knoll Inc.
• Sebel Pty Ltd.
• Schiavello Group Pty. Ltd
• Harvey Norman Holdings Limited
• Bfx Australia Pty Ltd
• Amart Furniture Pty Ltd
• D D K Commercial Interiors Pty Ltd
• Bentons Kitchens Pty Ltd
• AKD Softwoods Pty Ltd
• Chiswell Furniture Pty Ltd
• Forty Winks Franchising Pty Ltd
• Furnware Group Pty Ltd
• Fuller Furniture

For more information about this report visit https://www.researchandmarkets.com/r/21v20e

View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005183/en/