Furniture - Ireland

Ireland

In 2024, the Furniture market in Ireland is projected to generate a revenue of US$2.00bn.
It is anticipated to grow annually by 4.31% (CAGR 2024-2029).
The largest segment within this market is the Bedroom Furniture segment, which is expected to reach a market volume of US$0.47bn in 2024.
When compared globally, in the United States leads in revenue generation with US$263bn in the same year.
In terms of per capita figures, the revenue generated per person in Ireland is estimated to be US$393.70 in 2024.
Ireland's furniture market is experiencing a surge in demand for sustainable and locally sourced materials, reflecting the country's commitment to environmental responsibility.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in Ireland has been experiencing steady growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: in the Furniture market have shifted towards more sustainable and environmentally friendly products. Consumers are increasingly conscious of the impact of their purchasing decisions on the environment and are seeking furniture made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is in line with global market preferences, as sustainability has become a key consideration for consumers worldwide. In addition to sustainability, customers in the Irish market also value quality and durability when it comes to furniture. They are willing to invest in higher-priced products that are built to last, rather than opting for cheaper, disposable options. This preference for quality aligns with the growing trend of conscious consumerism, where individuals are prioritizing long-term value over short-term savings. Trends in the Irish Furniture market reflect broader global trends, such as the rise of e-commerce and the increasing popularity of online furniture shopping. With the convenience of online platforms, customers have access to a wider range of products and can easily compare prices and features. This trend has been accelerated by the covid-19 pandemic, as more people turned to online shopping during lockdowns and restrictions. As a result, online retailers and furniture marketplaces have seen significant growth in Ireland.

Local special circumstances: such as the growing population and increasing urbanization, have also contributed to the development of the Furniture market in Ireland. As cities expand and more people move into urban areas, there is a greater demand for furniture to furnish new homes and apartments. This has led to an increase in furniture sales, particularly in urban centers. Additionally, the rise of co-living and shared living spaces has created a need for adaptable and multifunctional furniture that can maximize limited living spaces. Underlying macroeconomic factors have played a role in the growth of the Furniture market in Ireland. Positive economic indicators, such as low unemployment rates and increased disposable income, have resulted in higher consumer spending. As a result, consumers have more purchasing power and are more willing to invest in furniture. Furthermore, favorable interest rates and government incentives for homebuyers have also stimulated the housing market, leading to increased demand for furniture. Overall, the Furniture market in Ireland is developing in response to changing customer preferences, market trends, local special circumstances, and

Underlying macroeconomic factors:. The growing focus on sustainability, quality, and online shopping, along with the increasing urbanization and favorable economic conditions, are driving the growth of the market. As these factors continue to shape the industry, it is expected that the Furniture market in Ireland will continue to expand in the coming years.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.