4 views left Get unlimited views with a free account

Explore the latest trends and actionable insights on the Home and Garden market to inform business strategy and pinpoint opportunities and risks.

Top 5 Countries in Retail Furniture and Floor Covering by Market Size (2021, $ Billion)

Industry: Home Furniture And Floorcoverings Specialists
Current: Market Sizing & Shares

The market for retail furniture and floor covering globally reached $708 billion in 2021
The US is the market leader in retail furniture and floor covering with a share of $192 billion in 2021
The top five countries in the retail furniture and floor covering segment have a combined share of 67%

The furniture and floor covering segment is a popular product category in the retail industry. The segment offers a variety of products, including living room furniture, bathroom furniture, Kitchen furniture, bedroom furniture, and floor covering.

The market for retail furniture and floor covering globally reached $708 billion in 2021. The retail furniture and floor covering market grew 12% in 2021 following the recovery in demand as consumer spending on retail products increased amid a decline in COVID-19 cases, which led to the easing of restrictions. This enabled brick-and-mortar stores and online stores to resume their operations after being under restrictions for almost two years.

The US is the market leader with a share of $192 billion in 2021 accounting for 27% of the global market size in the furniture and floor covering segment.

The US is closely followed by China with a share of $171 billion making up 24% of the global market size. Germany comes third with $53 billion, followed by Japan with $30 billion, and Italy with $26 billion making them the top five countries in the furniture and floor covering segment with a combined share of 67%.

The demand for retail furniture and floor covering was growing at a healthy rate until 2020 when the COVID-19 pandemic hit the segment hard with negative growth, but it bounced back at the top in 2021 as the world recovered, and the demand for home decorations and furnishings increased owing to the improved lifestyle of people as the general public has become more spendthrift and is willing to spend more on lifestyle products.

The major companies that have a strong presence in the global furniture and floor covering market include IKEA, Ashley Furniture, Kingfisher, and Milliken & Co.

Explore the latest trends and actionable insights on the Home and Garden market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Home and Garden market to inform business strategy and pinpoint opportunities and risks. Visit Report Store