Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Home Furniture Market Outlook
*this image is indicative*
The Australia home furniture market consists of products including lamps and lighting furniture, kitchen furniture, bedroom furniture, living room and dining room furniture. Home furniture provides various benefits including functionality, comfort which comes with a sense of comfort, and an aesthetic look to the home.
According to the Australia Bureau of Statistics, in 2023, the population change over the year in Victoria was around 2.7% whereas in South Australia it was around 1.7%. This indicates that Victoria witnessed the highest percentage of population change, thus, further contributing to the Australia home furniture market growth.
| Australia Home Furniture Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 10.2 |
| Market Size 2032 | AUD Billion | 14.2 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.7% |
| CAGR 2024-2032 - Market by Region | New South Wales | 4.2% |
| CAGR 2024-2032 - Market by Region | Western Australia | 3.5% |
| CAGR 2024-2032 - Market by Product Type | Bedroom Furniture | 4.2% |
| CAGR 2024-2032 - Market by Material Type | Wood | 4.1% |
| Market Share by Region | Victoria | 18.6% |
The Australia home furniture market is enhanced by the increase in technological innovations, sustainable approaches, transformable furniture and smart technology-based furniture.
Technological Innovations
Australia home furniture market development is driven by the new technological innovation such as the Bed Sofa introduced by Koala that helps with sitting and sleeping benefits.
Transformable furniture is efficient in converting into compact form and possess space-saving capabilities. Moreover, they can be transformed from one form to another.
Sustainability guides the Australia home furniture market as it helps in creating furniture which is environment friendly and helps in reducing the emission of harmful compounds.
Smart furniture offers benefits including convenience to users as they are equipped with technologies that can track sleeping positions such as in the case of smart beds.
Blu Dot chain has opened its showroom in Collingwood, Melbourne aiming to increase the Blu Dot market size in Australia.
Laura Ashley has signed a partnership with Basford Brands to launch the signature prints on cushions, throws, and Manchester in Australia.
IKEA Australia has launched the As-Is Online platform, to help customers to select their homewares, and furniture and then visit the As-Is Offline to purchase the selected products.
To feature its sofas and mattresses, the Fantastic Furniture has launched a campaign via Connecting Plots & Bohemia.
As per the Australia home furniture market report, the introduction of sustainable furniture helped in the creation of environment-friendly furniture that helps in reducing carbon emissions. Moreover, the transformable furniture also helps in space-saving thus helping users to host relatively larger number of guests.
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Australia Home Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Material Type
Market Breakup by Price Range
Market Breakup by Distribution Channel
Market Breakup by Region
Bedroom furniture is in high demand among individuals as it helps individuals to get better sleep on better-designed beds, and also gives an aesthetic look to their room after remodeling and renovations.
Wood is mostly the preferred material used in manufacturing furniture due to its various features including strength and durability of wood as compared to metals and plastics. Moreover, the wood possesses natural beauty and can be used in any kind of furniture.
The market growth is being significantly driven by the low-price range of home furniture as most individuals can afford the ones with economically low prices. The medium and high price ranges are not economically affordable for individuals.
Australia home furniture market growth is being driven by the increase in the number of speciality stores which are specially developed to offer the furniture. These speciality stores guide users to identify furniture with better quality, design and durability which is somewhere difficult to analyze in online purchasing.
The Australia home furniture market competitiveness has increased due to technological innovations, sustainable approaches, transformable furniture and smart technology-based furniture.
Lama Furniture Australia, is a Campbellfield-based company. It is involved in the manufacturing of products such as lounge, sofa beds, accent chairs, ottomans, and upholstered beds.
Design Furniture Co Pty Ltd - founded in 1986 and based out of Holden Hill, South Australia is involved in designing upholstered furniture including chairs, beds, sofas and accessories.
Australian Furniture Makers Pty Ltd, is a Ballarat Victoria-based company. It designs products which are not imported and includes bedroom products such as WHITE RABBIT Single Bed, Bookworm High King Single & Single Trundle etc.
King Furniture Australia Pty Ltd., was founded in 1977 and manufactures various furniture products including sofas, living room furniture, dining chairs, dining tables, bedroom beds etc.
Other Australia home furniture market key players are Grazia and Co Pty Ltd among others.
As per the Australia Bureau of Statistics, in January 2024, the household spending in Tasmania on furnishing was around 11.5% whereas it was around 0.6% in South Australia. This indicates that Tasmania holds a significantly larger potential in the industry.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 4.2% |
| Western Australia | 3.5% |
| Australian Capital Territory | 3.3% |
| Victoria | XX% |
| Queensland | XX% |
| Others | XX% |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 3.37% between 2024 and 2032.
The home furniture market is growing with an increase in technological innovations, sustainable approaches, transformable furniture and smart technology-based furniture.
Based on the product type, the market is divided into bedroom furniture, lamps and lighting furniture, living room and dining room furniture, kitchen furniture and others.
Key players in the Australia home furniture industry are Lama Furniture Australia, King Furniture Australia Pty Ltd., Design Furniture Co Pty Ltd, Australia Furniture Makers Pty Ltd, and Grazia and Co Pty Ltd among others.
Based on product type, the home furniture market is divided into wood, plastic and metal.
The different price ranges of home furniture include low, medium and high price ranges.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material Type |
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| Breakup by Price Range |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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