Furniture Market Size, Share & Trends

Research Methodology – Furniture Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Furniture Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Furniture Market is developed by integrating key market indicators and macroeconomic variables. These include:

1 Factors considered while calculating market size and share

Number and size of businesses operating within the industry
Overall revenue generated by these businesses
Type of furniture products (residential, commercial, outdoor, and office etc.)
Consumer purchasing habits and preferences
Geographic location and market reach
Level of competition
Current and projected economic conditions
Existing and potential impact of e-commerce platforms

2 Key Market Indicators

Total sales/revenues within a given period
Market growth rate
Consumer trends and changes in buying patterns
Market share held by top players within the industry
Future market projections
Demand and supply dynamics
Rate of innovation and product introduction

3 Growth Trends

Increased interest in eco-friendly and sustainable furniture
Rising demand for customized and multi-functional furniture
Growth of online furniture sales and e-commerce
Trend of home and office refurbishment and renovation
Increased spending on luxury, high-end furniture
Trend of compact furniture due to decreasing living space

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Furniture Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Furniture Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: