Market Insights Consumer Furniture Living Room Furniture

Seats & Sofas - Eastern Asia

Eastern Asia

In Eastern Asia, the revenue generated in the Seats & Sofas market is recorded at US$15.62bn in 2024.
It is projected that this market will experience an annual growth rate of 7.87% between 2024 and 2029 (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with a total of US$46,120m in 2024.
To put it into perspective, in 2024, the per capita revenue in Eastern Asia is estimated to be 0.00.
This indicates the average revenue generated per person within the region.
In Eastern Asia, Japan's market for Seats & Sofas is booming due to the cultural emphasis on minimalistic and functional designs.

Key regions: Canada, Brazil, United States, Worldwide, France

Market

Region

Region comparison

Currency

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.