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MILAN, Feb. 20, 2026 /PRNewswire/ -- The global furniture industry is undergoing a significant transformation, driven by evolving consumer preferences for sustainable, multifunctional, and smart furniture solutions, as well as the post-pandemic shift towards flexible living and working spaces, according to a new industry report released by the International Furniture Federation (IFF) on Tuesday. The report forecasts that the global furniture market will reach $890 billion by 2030, boasting a...
Sustainability has emerged as a defining driver of industry transformation, with consumers and regulators prioritizing eco-conscious practices across the value chain. Leading brands are shifting from traditional resource-intensive materials to recycled, renewable, and FSC-certified wood sources, reducing carbon footprints and waste. IKEA, the world’s largest furniture retailer, has pledged that 100% of its wood and wood-based products will come from sustainable sources by 2025—currently, 98% of...
Sustainable Materials and Smart Tech Redefine Global Furniture Industry Landscape
Eco-Friendly Materials Lead Product Innovation Furniture manufacturers are increasingly prioritizing sustainable raw materials to align with global carbon reduction goals and consumer expectations for green products. IKEA, the Swedish furniture giant, recently unveiled its 2030 Sustainable Collection, which features over 200 new pieces crafted from 100% recycled or renewable materials, including bamboo, recycled aluminum, and bio-based plastic derived from sugarcane. The collection eliminates...
The industry’s split is most evident in financial performance across enterprises. Leading upholstered furniture maker Kuka Home reported 8.77% revenue growth and 13.24% net profit increase in the same period, while healthcare-focused Mengbaihe saw a staggering 205.18% surge in net profit. In contrast, custom furniture giant Oppein Home saw revenue decline 4.79%, and smaller players like Pi’ano suffered a 37.27% revenue drop amid squeezed margins. “This divergence reflects a market transitioning...
Furniture Industry Enters Era of Quality Growth Driven by Global Demand Rebound and Innovation
Global Market Scale Surges, Mature and Emerging Markets Diverge The global furniture retail market is experiencing steady expansion, with projections indicating it will reach $798 billion by 2025, representing a nearly 40% increase from 2023 . Mature markets remain the backbone of global consumption: North America accounts for 31% of the global market share, driven by high price points—outdoor furniture, for instance, commands 2-3 times the average price of ordinary categories—and favorable...
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