Skip to main content
  1. Market Insights
  2. Consumer
  3. Furniture
  4. Living Room Furniture

Cabinets, TV Stands & Side Tables - Worldwide

Worldwide
  • In 2024, the revenue generated in the Cabinets, TV Stands & Side Tables market worldwide reached an impressive amount of US$108.70bn.
  • According to market projections, this sector is expected to experience an annual growth rate of 4.27% (CAGR 2024-2029).
  • When comparing the global market, United States stands out as the top revenue generator, reaching US$27bn in 2024.
  • This indicates the significant market share held by United States in this industry.
  • To put the revenue figures into perspective, in 2024, the per-person revenue generated in this segment amounted to US$14.03 when considering the global population.
  • This sheds light on the economic impact and consumer demand for Cabinets, TV Stands & Side Tables market products on a per capita basis.
  • In the United States, there is a growing trend towards minimalist and sleek designs in cabinets, TV stands, and side tables.

Definition:

This segment focuses on furniture that is used for storage and organization in living rooms. It includes coffee and other occasional side tables, TV and media stands, cabinets, chests, and other living room furniture that is used for storage. However, bookcases, dining tables, and food storage cabinets are excluded from this market.

Additional Information:

The Cabinets, TV Stands, & Side Tables subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment 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.

In-Scope

  • Bar tables
  • Coffee and side tables
  • TV and media furniture
  • Cabinets and chests

Out-Of-Scope

  • Bookcases
  • Dining tables
  • Food storage cabinets
Furniture

Furniture

Related markets:
methodology

Download PDF

FAQs and more info on the methodology

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Jul 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Oct 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

Contact

Get in touch with us. We are happy to help.