Market Research Report

Latin America Furniture Market Research Report: Forecast (2025-2030)

Latin America Furniture Market - By Material (Wood, Metal, Plastic, Glass, Others), By Product (Beds & Mattresses, Sofas & Couches, Tables & Desks, Chairs & Stools, Storage Units, ...Entertainment Units, Others), By End-User (Residential, Commercial [Offices, Educational Institutes, Hotels & Restaurants, Others]), By Distribution Channel (Online Retail, Offline Retail), Read more

  • FMCG
  • Jan 2025
  • 166
  • PDF, Excel, PPT

Market Insights & Analysis: Latin America Furniture Market (2025-30):

The Latin America Furniture Market size was valued at around USD 34.6 Billion in 2024 and is projected to reach USD 44 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. There is a high demand for furniture in regards to the visual appearance enhancement of the house that it offers but also high functionality that makes the life of residents much cozier for relaxation, storage, and sitting purposes, thus making furniture a mandatory household item.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 34.6 Billion
  Market Value in 2030   USD 44 Billion
  CAGR (2025-30)   4%
  Leading Country   Brazil
  Top Key Players Ashley Furniture Industries, IKEA Group, Herman Miller Inc., Linea Brasil, Dalla Costa, Techni Mobili, Santos Andira, Politorno, Arteqiri, Fontenlastore, Okamura Corporation, South America Furniture, and others
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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Moreover, there has been booming development of real estate in the region of Latin America. There has been an increase in the sales of newly built apartments and houses. For instance, Brazil recorded an increase in sales of new houses by 32.6% in 2023 in comparison to the previous year. The total recorded transaction value of all such houses was USD 47.9 billion approximately. Hence, this resulted in demand for furniture including Sofas, beds, shelves, chairs, tables, etc. Additionally, With the increase in the number of cooperate offices, demand for Office furniture like chairs, cabinets, tables, etc. has also risen in the region. For instance, 1500 fintech companies will be operational only in Brazil in 2024.

Furthermore, with the expansion of the e-commerce sector in Latin America, growth opportunities for the furniture market have risen further. For instance, more than 300 million online shoppers were recorded in the region in 2023 and the most prominent country to maximum shoppers was Brazil. In Addition to this, it is expected that there shall be a revenue of around USD 138 billion through E-Commerce by the end of 2024 in Latin America. This gives the option of choosing from a variety of available Online modes with proper allocation of search time and comparison options to online shoppers. Therefore, the furniture market has been popular in Latin America for a few years, and this shall also be well on grounds of expanding real estate, booming e-commerce, and an increase in workforce leading to an increase in office spaces.


Latin America Furniture Market Research Report: Forecast (2025-2030)

Latin America Furniture Market Driver:

Increasing Concerns Towards Premium Home Interiors – The people in this region are highly increasingly concerned about improving their home interiors. To address these requirements, there is a very high number of companies available in Latin America. For instance, only Brazil consists of around 52,660 interior designer companies. Furniture plays a major role in enhancing the visuals of the households while providing functionalities such as comfort, storage, etc. This spending on premium furniture is mainly fueled by the high disposable incomes of the people of Latin America. For instance, the per capita income in Brazil was around USD 9,032 in 2023 and this value was around USD 8,800 in the previous year. Therefore, a high focus on premium interiors fueled by high disposable incomes is the main factor responsible for the high sales of furniture and this trend is expected to remain in the future as well.

Latin America Furniture Market Opportunity:

Growth in Hospitality and Tourism Sectors – There has been continuous growth and expansion in the Tourism and hospitality sectors in the Latin American region. For instance, USD 62.1 billion in revenue was generated in 2023 from the Tourism sector in Latin America. With more than 40 million international tourists in 2023, entirely from this region, Mexico became a leading destination for tourism in the region. Thus resulting in high footfall at restaurants, hotels, resorts, and other hospitality establishments. With growth in tourism, there shall be growth in the hospitality sector too with more hotels expected to be constructed leading to the demand for various types of premium and attractive furniture in the region and growth opportunities for this market in the forecast period as well.

Latin America Furniture Market Challenge:

Increasing Trend of Furniture Rental – There has been a shift in the trend of usage of furniture in Latin America. People are opting for renting furniture rather than purchasing new ones. The reason behind attuning this mindset is the cost-effectiveness renting offers to budget-conscious buyers and this is also favorable for consumers who have to constantly relocate for their work purposes. This is witnessed by the rapidly increasing number of furniture renting companies and the high revenue generated by them yearly. Renting furniture in Latin America accounts for around USD 8.5 billion in revenue generation in 2022. This results in a decline in the sales of new furniture, as furniture that has been bought by furniture rental companies is utilized by wide customers. Therefore, it is deduced that furniture rental services in Latin America affect the sales of new furniture thus serving as a limiting factor for the growth of the market.

Latin America Furniture Market Trend:

Customized Furniture Gaining Traction – Personalized furniture that is manufactured as per the customer’s requirement has gained high popularity in recent years. This furniture has attributes as described by the customer including dimensions, colors, material, and other specifications. As a result, they highly align with the ambiance of the customer’s house and enhance its aesthetics hence attracting a huge customer base. For instance, IKEA provides their customers with AR-driven applications that can help them choose personalized furniture that can best fit their spaces while enhancing the visuals of that space. Additionally, such products also help in managing the space efficiently as multifunctional furniture can be prepared on demand, mainly by leading companies such as IKEA. Therefore, customized furniture has gained high popularity in recent years, and this trend is expected to continue in the future as well due to increasing demand for personalized interiors.

Latin America Furniture Market (2025-30): Segmentation Analysis

The Latin America Furniture Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the regional level. Based on the analysis, the market has been further classified as:

Based on Material:

  • Wood
  • Metal
  • Plastic
  • Glass
  • Others

Based on the material of the furniture, wood is the most used material for making furniture with a market share of around 59%. This is because wood is cheaper as compared to other materials and is easily available locally while other materials have to be imported from other countries. For instance, around 47% of the land area is covered with forests in Latin America which makes it a global leader in terms of timber wood production which is widely used in furniture. Additionally, wood-based furniture is highly durable and depicts attractive craftsmanship, which further attracts more customers. Therefore, the visuals and durability offered by wood furniture at lower prices have made them the market leader and this dominance is expected to continue in the forthcoming period as well.

Based on End-User:

  • Residential
  • Commercial
    • Offices
    • Educational Institutes
    • Hotels & Restaurants
    • Others

Based on the end user, the residential segment leads the market with a market share of around 66%. The main factor behind this dominance is the increasing number of residential houses and complexes which continuously increase the demand for furnishing the household, in which furniture plays the most prominent role as they are used in most of the spaces including kitchens, bedrooms, living areas, dining areas, and much more. For instance, only Brazil consists of around 74.1 million private houses in 2022. Additionally, most of these households are equipped with attractive furniture as consumers prioritize comfort and attractive visuals in their living spaces. As a result, most of the furniture sold is used in residential places. Therefore, a high number of private households have used furniture for furnishing in past years and this trend is expected to remain in the future as well thus making this segment the market leader.

Latin America Furniture Market (2025-30): Regional Projections

Geographically, the Latin America Furniture Market expands across:

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of Latin America

Regionally, Brazil dominates the market with a market share of around 38%. This is because Brazil is the largest country in this region and has a high per capita income. For instance, the GDP per capita of Brazil is around USD 11,178, which is the highest in Latin America. As a result, people in this country are highly inclined toward spending on premium and attractive furniture for their households. Moreover, Brazil consists of the largest forest area in this region which makes it a prominent producer of durable wood such as Timber which is used in the making of furniture. For instance, the forest covers around 62.4% of Brazil’s land with an area of around 519.5 million hectares. As a result, the furniture becomes more affordable and available for its population. Therefore, the high production and sales of furniture in Brazil are responsible for its dominance in the market.

Latin America Furniture Industry Recent Development:

  • 2023: IKEA group opens its first store in Colombia. This will provide access to Colombians with all of its products including a wide furniture range. This expansion will be on an area of more than 26,000 square meters.

Gain a Competitive Edge with Our Latin America Furniture Market Report

  1. Latin America Furniture Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. The Latin America Furniture Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Frequently Asked Questions

   A. The Latin America Furniture Market is expected to grow at a compound annual growth rate (CAGR) of around 4% during 2025-30.

   A. The Latin America Furniture Market size was valued at around USD 34.6 Billion in 2024 and projected to reach USD 44 Billion by 2030

   A. Increasing concerns towards premium home interiors are anticipated to drive the Latin America Furniture Market during 2025-30.

   A. The top companies in the Latin America Furniture Market are Ashley Furniture Industries, IKEA Group, Herman Miller Inc., Linea Brasil, Dalla Costa, Techni Mobili, Santos Andira, Politorno, Arteqiri, Fontenlastore, Okamura Corporation, South America Furniture, and others.

   A. The wood segment held the largest share of the Latin America Furniture Market.

   A. Brazil would present growth prospects in the Latin America Furniture Market during 2025-30.

   A. The increasing popularity of customized furniture is one of the key trends shaping the growth of the Latin America Furniture Market.

   A. The increasing trend of furniture rental is one of the possible restraints affecting the growth of the Latin America Furniture Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Latin America Furniture Market Trends & Developments
  5. Latin America Furniture Start-Up Ecosystem
  6. Latin America Furniture Market Dynamics
    1. Drivers
    2. Challenges
  7. Latin America Furniture Market Regulations, Policies & Standards
  8. Latin America Furniture Market Hotspot & Opportunities
  9. Latin America Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material
        1. Wood- Market Size & Forecast 2020-2030, USD Million
        2. Metal- Market Size & Forecast 2020-2030, USD Million
        3. Plastic- Market Size & Forecast 2020-2030, USD Million
        4. Glass- Market Size & Forecast 2020-2030, USD Million
        5. Others- Market Size & Forecast 2020-2030, USD Million
      2. By Product
        1. Beds & Mattresses - Market Size & Forecast 2020-2030, USD Million
        2. Sofas & Couches- Market Size & Forecast 2020-2030, USD Million
        3. Tables & Desks- Market Size & Forecast 2020-2030, USD Million
        4. Chairs & Stools- Market Size & Forecast 2020-2030, USD Million
        5. Storage Units- Market Size & Forecast 2020-2030, USD Million
        6. Entertainment Units- Market Size & Forecast 2020-2030, USD Million
        7. Others- Market Size & Forecast 2020-2030, USD Million
      3. By End-User
        1. Residential- Market Size & Forecast 2020-2030, USD Million
        2. Commercial- Market Size & Forecast 2020-2030, USD Million
          1. Offices- Market Size & Forecast 2020-2030, USD Million
          2. Educational Institutes- Market Size & Forecast 2020-2030, USD Million
          3. Hotels & Restaurants- Market Size & Forecast 2020-2030, USD Million
          4. Others- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel
        1. Online Retail
        2. Offline Retail
      5. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Colombia
        5. Chile
        6. Peru
        7. Rest of Latin America
      6. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  10. Brazil Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  11. Mexico Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  12. Argentina Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  13. Colombia Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  14. Chile Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  15. Peru Furniture Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2020-2030, USD Million
      2. By Product- Market Size & Forecast 2020-2030, USD Million
      3. By End-User- Market Size & Forecast 2020-2030, USD Million
      4. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  16. Latin America Furniture Market Key Strategic Imperatives for Success & Growth
  17. Competitive Outlook
    1. Company Profiles 
      1. Ashley Furniture Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. IKEA Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Herman Miller Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Linea Brasil
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Dalla Costa
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Techni Mobili
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Santos Andira
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Politorno
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Arteqiri
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Fontenlastore
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Okamura Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. South America Furniture
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Others
  18. Disclaimer


Latin America Furniture Market Segmentation