Australia Furniture and Home Furnishing Market Size and Share Outlook: Forecast Trends and Growth Analysis Report (2024-2032)

Based on the type, the furniture stores have been driving the Australia furniture and home furnishing market due to the availability of a wide variety of items from diverse brands and designers.

These stores provide a wide range of furniture items of different styles, and budgets to meet the specific preferences of consumers, they also offer customization services to personalize furniture according to the specifications.

According to the Australian Bureau of Statistics (ABS), the value of residential work done has been estimated to be $19,724.9 million in the December quarter of 2023, which will increase the furniture and home furnishings sales thus stimulating the market’s demand.

The growing concerns against waste generation have led to an increase in the recycling rate of plastic waste which is then converted and used to develop furniture items, thus stimulating Australia furniture and home furnishing market growth.

Australia’s first carbon-neutral furniture company has recently launched a new eco-friendly and stylish range made from 100% recycled plastics and luxurious fabrics composed of recycled plastic bottles. The diverse range includes tables, stools, plinths, and tabletops, thus diverting waste from landfills. Sustainable materials range such as Selena lounging, in which each sofa is crafted from 720 recycled plastic bottles and chairs are crafted from 280 plastic bottles per chair.

Australia Furniture and Home Furnishing Market Share

Inclusive retailers/dealers stores typically offer a wide range of products from various brands, providing consumers with a diverse selection of styles and price points. Inclusive retailers/dealers attract a broad customer base by catering to different tastes and budgets, making them a popular choice for shoppers looking to furnish their homes comprehensively and conveniently.

Leading Companies in the Australia Furniture and Home Furnishing Market

The growth of the furniture and home furnishing market is driven by the increasing construction of residential houses, the rising use of recycled plastics to create furniture items and the online launch of furniture stores.

• Ashley Furniture Industries, Inc.
• Harvey Norman Holdings
• MillerKnoll, Inc.
• Inter IKEA Systems B.V.
• Haworth Inc.
• Papaya Pty Ltd.
• Steelcase Inc.