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The Market value of Furniture & Floor Coverings Segment in Canada (2020 - 2028, USD Millions)

Industry: Retail
Current: Market Sizing & Shares

The Furniture & Floor Coverings segment in Canada registered Market value of USD 12,485.08 Millions in 2023
The indicator recorded a historical decline (CAGR) of 1.29% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...

The Market value of Furniture & Floor Coverings Segment in Canada (2020 - 2028, USD Millions)

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Furniture & Floor Coverings Retail in Canada

The furniture & floor coverings market consists of the following two segments: furniture and floor coverings.

Furniture comprises retail sales of domestic furniture, including bedroom furniture, dining room furniture, home office furniture, living room furniture, kitchen furniture and bathroom furniture. It does not cover contract furniture. Floor coverings include retail (not trade) sales of carpets, mats, rugs, carpet tiles, hard tiles, laminates, final and wood flooring.

The Canadian furniture and floor coverings market has grown marginally overall in the historic period; this was impacted by a decline in 2020 as a result of the COVID-19 pandemic. Strong growth is expected in the upcoming period.

The Canadian market accounts for a significant share of the total North American market.

Category segmentation

Furniture is the largest segment of the furniture & floor coverings retail market in Canada, accounting for the majority share of the market's total value.

The Floorcoverings segment accounts for the remaining share of the market.

Geography segmentation

Canada accounts for the significant share of the Asia-Pacific furniture & floor coverings retail market value.

The United States accounts for the majority share of the Asia-Pacific market.

Who are the leading players?

IKEA is a holding company that through its subsidiaries, is engaged in providing home furnishing products, solutions and services. The company’s business model includes franchising, range and supply, and industry.

Lowe’s is a home improvement retailer. The company offers products and services for home decorating, maintenance, repair and remodeling of buildings. It offers products and services to homeowners, renters, and professional customers, including those engaged in construction trade, and maintenance, repair and operations.

The Home Depot retails home improvement products. The company offers various products including building materials, home improvement supplies, appliances, and lawn and garden products.

Home Hardware is a retailing company that offers building and plumbing equipment. The company offers products such as building supplies, hardware, heating, ventilation, cooling and home comfort; indoor living, paint and decor, plumbing and electrical equipment, and other tools.