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

Market Size of Retail Furniture and Floor Covering in Asia-Pacific (2017-2021, $ Billion)

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

The retail furniture and floor covering segment in Asia-Pacific is valued at $261 billion in 2021
China makes up 65% of the Asia-Pacific market size in the retail furniture and floor covering segment
The retail furniture and floor covering segment grew at a CAGR of 3.1% during 2017–2021 in Asia-Pacific

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.

Asia-Pacific is the largest market in the retail furniture and floor covering segment and contributes to 37% of the global market size. It is among the regions which have a strong influence on the furniture industry globally.

China makes up 65% of the Asia-Pacific market size and is the second largest market in the retail furniture and floor covering segment globally with a market value of $171 billion in 2021.

The retail furniture and floor covering segment in Asia-Pacific is valued at $261 billion in 2021, witnessing a significant increase of 9% from the previous year. Though the growth is not as big as the North American region, its significance increases when considering the previous year’s negative growth due to the COVID-19 pandemic. This growth is promising as the world is seeing a recovery in the overall demand post-pandemic COVID-19, especially in the retail sector, as both brick-and-mortar and online businesses resumed their operations after being under restrictions for almost two years.

The retail furniture and floor covering segment grew at a CAGR of 3.1% during 2017–2021 in the Asia-Pacific region as 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.

China, Japan, India, South Korea, and Australia are the top markets for retail furniture and floor covering segment in the Asia-Pacific region.

The major retail furniture and floor covering players which have a strong dominance in the Asia-Pacific markets include Louvre, Godrej Interio, IKEA, Ace Bed, and Maruni among others.

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