Modern Furniture Market Report 2025 (Global Edition)

Global Modern Furniture Market Report 2025 Market Size Split by Product type (Beds, Tables, Sofas, Chairs and Stools, Others), by Material (Metal, Wood, Plastic, Glass), by Application (Residential, C...

Modern Furniture Market Report Description

We have various report editions of Modern Furniture Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Modern Furniture Market Insights Video

Competitive Landscape of the Modern Furniture Market

The modern furniture market is highly competitive, characterized by a mix of established global brands, regional manufacturers, and innovative startups. Major players such as IKEA, Herman Miller, and Williams-Sonoma dominate the landscape with their extensive product portfolios, strong brand recognition, and global supply chains.

In December 2021, Empire Office, Inc. has announced the acquisition of DeKalb Office Environments, Inc. The acquisition will help the company to increase its local presence in Birmingham and Atlanta. (Source: https://www.empireoffice.com/announcing-empire-offices-acquisition-of-dekalb-office/) In November 2021, Haworth Inc. completed the acquisition of Interni, specializing in furniture and interior design. The acquisition will help in increasing the product design and quality of products. (Source: https://www.reuters.com/markets/europe/haworths-lifestyle-design-buys-italian-design-brand-interni-2021-11-18/)

Top Companies Market Share in Modern Furniture Industry: (In no particular order of Rank)

• Huppe
• Flexform
• B&B Italia
• Modloft
• Natuzzi
• Gruppo Molteni
• Poltrona Frau
• Poltronesofa
• Scavolini
• Lube
• Veneta Cucine
• Poliform
• Giessegi
• Snaidero
• IKEA
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Modern Furniture Market

Which Region Dominates the Modern Furniture Market in 2024?

According to Cognitive Market Research, North America dominates the modern furniture market due to its strong consumer demand, driven by high disposable incomes, urbanization, and an emphasis on home aesthetics. The region’s booming real estate and home renovation sectors further fuel demand for modern, functional, and stylish furniture.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific region is the fastest-growing market for modern furniture, driven by rapid urbanization, rising disposable incomes, and a burgeoning middle class. As cities expand, there is an increasing demand for contemporary and space-efficient furniture solutions that cater to smaller living spaces.

The current report Scope analyzes Modern Furniture Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Modern Furniture Market Analysis

According to Cognitive Market Research, the global Modern Furniture market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Modern Furniture market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The U.S. market's increasing urbanization, rising disposable incomes.
• The Canada Modern Furniture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada’s increasing urbanization, rising disposable incomes.
• The Mexico Modern Furniture market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD XX million in 2024.

Europe Modern Furniture Market Analysis

According to Cognitive Market Research, the global Modern Furniture market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Modern Furniture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Modern Furniture sales witness an upswing due to the evolving consumer preferences and a strong emphasis on sustainability.
• The France Modern Furniture market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Modern Furniture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Modern Furniture surged due to the evolving consumer preferences and a strong emphasis on sustainability.
• The Italy Modern Furniture market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Modern Furniture market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Modern Furniture market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Modern Furniture market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Modern Furniture market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Modern Furniture market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Modern Furniture market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Modern Furniture Market Analysis

According to Cognitive Market Research, the global Modern Furniture market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the China Modern Furniture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Modern Furniture surged in China due to urbanization, a burgeoning middle class, and changing lifestyle preferences.
• The Japan Modern Furniture market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD XX million in 2024.
• The India Modern Furniture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's urbanization, a burgeoning middle class, and changing lifestyle preferences.
• The South Korean Modern Furniture market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Modern Furniture market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Modern Furniture market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Modern Furniture market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.

South America Modern Furniture Market Analysis

According to Cognitive Market Research, the global Modern Furniture market size was estimated at USD XX Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Modern Furniture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Modern Furniture flourished in Brazil due to rising urban population.
• Argentina's Modern Furniture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's rising urban population.
• Colombia Modern Furniture market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD XX million in 2024.
• Peru Modern Furniture market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD XX million in 2024.
• Chile Modern Furniture market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Modern Furniture market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Middle East Modern Furniture Market Analysis

According to Cognitive Market Research, the global Modern Furniture market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries Modern Furniture market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD XX million in 2024. Modern Furniture sales flourish due to the increasing urbanization, economic development.
• The Egypt Modern Furniture market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Modern Furniture market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD XX million in 2024. Modern Furniture sales flourished in South Africa due to increasing urbanization, economic development.
• The Turkey Modern Furniture market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Modern Furniture market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Modern Furniture market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD XX million in 2024.

Modern Furniture Market Analysis

Modern Furniture Market Product type Segment Analysis

According to Cognitive Market Research, the sofas segment has emerged as the dominant category due to its pivotal role in defining the aesthetics and functionality of living spaces. Sofas are not only essential for comfort but also serve as a focal point in home decor. With the growing trend of open-concept living and the desire for versatile furniture, sofas have evolved to include various styles, sizes, and materials, catering to diverse consumer preferences.

The beds are the fastest-growing category, driven by the rising emphasis on sleep quality and wellness. With an increasing awareness of the importance of a good night's sleep, consumers are investing more in high-quality beds that offer superior comfort and support. Innovations in mattress technology, such as memory foam and adjustable bases, have significantly enhanced the appeal of beds.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Modern Furniture Industry. Request a Free Sample PDF!

Modern Furniture Market Material Segment Analysis

According to Cognitive Market Research, the wood segment stands as the dominant category due to its timeless appeal, durability, and versatility. Wooden furniture exudes a sense of warmth and elegance that resonates with a wide range of interior design styles, from rustic to contemporary. The ability to craft intricate designs and finishes further enhances wood's desirability among consumers.

Metal is rapidly emerging as the fastest-growing category in the modern furniture market, driven by its unique blend of strength, lightweight properties, and contemporary aesthetic. As design trends evolve towards minimalism and industrial styles, metal furniture is becoming increasingly popular for both residential and commercial spaces. The rise in urban living and the need for space-efficient, durable furniture solutions have further fueled this growth, as metal pieces are often easier to maneuver and maintain.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Modern Furniture Application Segment Analysis

Modern Furniture Market Application Segment Analysis

According to Cognitive Market Research, the residential application remains the dominant category, primarily driven by the growing consumer focus on home aesthetics and comfort. With a significant shift towards home improvement and interior design, homeowners are increasingly investing in stylish and functional furniture that enhances their living spaces.

The commercial application is the fastest-growing category in the modern furniture market, propelled by the ongoing evolution of workspaces and public areas. As businesses prioritize employee comfort and collaboration, there is a heightened demand for innovative office furniture that promotes productivity and creativity.

• Residential
• Commercial

Modern Furniture Distribution channel Segment Analysis

Modern Furniture Market Distribution channel Segment Analysis

According to Cognitive Market Research, the home centers serve as the dominant distribution channel, primarily due to their extensive product offerings and convenient one-stop shopping experience. These retailers provide a diverse range of furniture options, including various styles, sizes, and materials, catering to a wide array of consumer preferences. The ability to physically inspect and test furniture before purchase significantly enhances customer confidence and satisfaction.

Online stores are rapidly emerging as the fastest-growing distribution channel in the modern furniture market, driven by the increasing shift towards e-commerce and digital shopping experiences. Consumers appreciate the convenience of browsing and purchasing furniture from the comfort of their homes, often benefiting from a broader selection compared to traditional retail outlet.

• Home Centers
• Specialty Stores
• Online Stores

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion