The Living Room Furniture segment includes furniture found in living rooms, parlors, lounges and lobbies. The segment is especially propelled by consumer’s need for comfort in their homes and is made up of the Seats and Sofas as well as the Living Room furniture subsegments. The segment’s worldwide revenue of US$233 billion in 2021 is expected to increase to US$310 billion by 2026.
Revenue in the Furniture market amounts to US$766.20bn in 2023. The market is expected to grow annually by 5.02% (CAGR 2023-2027).The market’s largest segment is the segment Living Room Furniture with a market volume of US$227.70bn in 2023.
In global comparison, most revenue is generated in the United States (US$252.70bn in 2023).In relation to total population figures, per person revenues of US$99.75 are generated in 2023.