Australia Furniture Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 6.10% (2024-2032)

The growing preference of homeowners and renters to create more comfortable and personalized living environments represents one of the key factors offering a favorable market outlook in Australia. According to IMARC Group, the Australia furniture market size is projected to exhibit a growth rate (CAGR) of 6.10% during 2024-2032.

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Australia Furniture Industry Trends and Drivers:

The furniture industry in Australia is on the rise. This change comes from new consumer preferences and shifts in lifestyle. A major driver of this growth is the increasing desire for living areas. People want to spend on high-quality furniture. It adds style and usefulness to their homes. More people now need home office setups. This is due to the rise in work and flexible schedules. Comfort and functionality are key in these spaces. People now see the value of chairs and practical desks. They also recognize the need for storage options. These elements improve both the look and function of their spaces. In Australia, more consumers care about sustainability. They prefer furniture made from wood and eco-friendly materials such as bamboo. The growing interest in options is changing market dynamics. More people prefer products that avoid harmful treatments and are environmentally friendly.

The Australia furniture market has changed due to fast-growing technology. E-commerce platforms have played a big role in this shift. Online shopping has transformed how people buy furniture. Now, shoppers can explore a wide range of local and international brands. Customers can now explore various furniture styles from home. They can compare prices and read customer reviews. Online sales are up, which has also raised competition among furniture retailers. E-commerce platforms have made it easier for consumers to find many products. They also help manufacturers reach a larger audience. Also, tech improvements help make stylish furniture that fits today’s consumer tastes. In conclusion, the Australia furniture market is likely to keep growing. This growth comes as consumers seek personalized, sustainable, and comfortable options. Advances in technology are driving these changing tastes.

IMARCs report provides a deep dive into the Australia furniture market analysis, outlining the current trends, underlying market demand, and growth trajectories.

Australia Furniture Industry Segmentation:

The report has segmented the market into the following categories:

Material Insights:

• Metal
• Wood
• Plastic
• Glass
• Others

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others

End Use Insights:

• Residential
• Commercial

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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IMARC Group 

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City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: [email protected]

Phone Number: +1-631-791-1145