Report

Latin America Furniture Market Report and For

112 pages Oct 2024
Latin America Furniture Market

Latin America Furniture Market Report and Forecast 2032

By Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), by Material (Wood, Metal Plastic, and Others), by Distribution Channel (Home Centers,...Flagship Stores, Specialty Stores, Online, and Other Distribution Channels), and by Country (Mexico, Brazil, Argentina, Peru, Columbia) Read more

  • Consumer Goods & Services
  • Pages : 112
  • Oct 2024
  • Report Format :  

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Latin America Furniture Market Insights & Analysis

The Latin America Furniture Market is anticipated to register a CAGR of around 2.1% during the forecast period, i.e., 2024-32. Also, the market size is valued at nearly USD 652.1 million in 2023. The demand for furniture in the residential & commercial sector is rising, which is strengthening the progress graph of the market. Recently, numerous changes in the industry have been seen, such as the trend of online purchasing for furniture, and the increasing shift of consumers towards e-commerce across the landscape of Latin America. Moreover, establishments, such as Mobly in Brazil & Linio in Latin America, offer a large range of furniture products online, from where consumers can buy furniture without physically visiting the store. Hence, this growing trend is contributing to enhancing the Latin America Furniture Market share through 2032.

Additionally, the furniture business also benefits from the expansion of the real estate sector. With the development of real estate, there will likely be noteworthy requirements for home renovation or interior decoration as per the preference of the customer. To house each consumer's exclusive preferences, a large number of furniture companies offer made-to-order furniture options. Also, the demand for environmentally friendly & sustainable furniture is budding across the countries of Latin America. Furniture made of bamboo or recycled plastic is becoming more & more popular among people owing to their positive environmental effect.

Latin America Furniture Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2024-2032): 2.1%

  • Market Value 2023: USD 652.1 Million

  • Fastest Growing Market: Brazil

  • Major Players: Arteqiri, Ashley Furniture, Dalla Costa, Fontenla, IKEA, LineaBrasil, Politorno, Santos Andira, Techni Mobili, Others

Furthermore, there is an evolving market for smart furniture with integrated lighting & charging ports. The industry is presumed to expand as more consumers decide to adopt furniture that can connect to smart devices, such as smartphones, and other smart home devices. It includes remotely controlled features, like entertainment, a heating system, and lighting. Besides, owing to the region's growing urbanization, increasing disposable income of the people, and shifting consumers' tastes & preferences are aiding in infusing the Latin America Furniture Market size during 2024-32.

Latin America Furniture Market Dynamics

  • Altering Customer Preferences for Modern Furniture to Drive the Market Expansion

With the rising demand for contemporary, practical, and aesthetically beautiful furniture, Latin American consumers are becoming more & more design-conscious & looking for modern-designed furniture. There is a growing requirement for multipurpose, compact-friendly furniture that may fit into urban settings with limited living spaces. The selection of furniture is also impacted by the emphasis on sustainability & eco-friendly materials. Moreover, customers nowadays prefer more aesthetic & fashionable furniture designs that are attractive & appealing to the eyes. Thus, the increasing demand for modern furniture for residential & commercial space is driving the Latin America Furniture Market.

  • Rising Shift Towards Secondhand Furniture to Limit the Industry Growth

The Furniture Market in Latin America is being hampered by the growing appetite for used or secondhand furniture, which is reducing the need to buy new furniture. As used furniture is more affordable & sustainable consumption habits are becoming more trendy, consumers, especially those who have budget constraints are inclined towards purchasing secondhand furniture. Moreover, this tendency has been further pushed by the ease with which the customer could locate & acquire pre-owned furniture online, just by browsing on their smartphones or devices. Thus, it is anticipated that the Used Furniture Market is a great threat to furniture manufacturing companies, further slowing the market sales in Latin America.

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Key Factors Considered by Consumers While Selecting a Furniture Brand
  7. Strategies Adopted by Brands to Boosts Sales
  8. Latin America Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
      1. Home Furniture (Residential)
      2. Office Furniture
      3. Hospitality Furniture
      4. Other Furniture
    3. Market Share, By Material Type
      1. Wood
      2. Plastic
      3. Metal
      4. Others
    4. Market Share, By Distribution Channel
      1. Home Centers
      2. Flagship Stores
      3. Specialty Stores
      4. Online Channel
      5. Others
    5. Market Size, By Country
      1. Mexico
      2. Brazil
      3. Argentina
      4. Peru
      5. Columbia
      6. Rest of Latin America
    6. Market Share, By Company
      1. Competition Characteristics
      2. Revenue Shares & Analysis
  9. Mexico Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Material Type
    4. Market Share, By Distribution Channel
  10. Brazil Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Material Type
    4. Market Share, By Distribution Channel
  11. Argentina Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Material Type
    4. Market Share, By Distribution Channel
  12. Peru Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Material Type
    4. Market Share, By Distribution Channel
  13. Columbia Furniture Market Overview (2020-2032)
    1. Market Size, Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Material Type
    4. Market Share, By Distribution Channel
  14. Competitive Outlook (Company Profiles – Partial List)
    1. Arteqiri
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    2. Ashley Furniture
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    3. Dalla Costa
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    4. Fontenla
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    5. IKEA
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    6. IKEA Group
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    7. Linea Brasil
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    8. Politorno
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    9. Santos Andira
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    10. Techni Mobili
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    11. Others
  15. Contact Us & Disclaimer

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