Latin America Furniture Market Size & Insights
The Latin America Furniture Market size was valued at around USD 34.6 Billion in 2024 and is projected to reach USD 44 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. There is a high demand for furniture in regards to the visual appearance enhancement of the house that it offers but also high functionality that makes the life of residents much cozier for relaxation, storage, and sitting purposes, thus making furniture a mandatory household item.
What are the Key DROs in the Latin America Furniture Market?
Increasing Concerns Towards Premium Home Interiors – The people in this region are highly increasingly concerned about improving their home interiors. To address these requirements, there is a very high number of companies available in Latin America. For instance, only Brazil consists of around 52,660 interior designer companies. Furniture plays a major role in enhancing the visuals of the households while providing functionalities such as comfort, storage, etc. This spending on premium furniture is mainly fueled by the high disposable incomes of the people of Latin America. For instance, the per capita income in Brazil was around USD 9,032 in 2023 and this value was around USD 8,800 in the previous year. Therefore, a high focus on premium interiors fueled by high disposable incomes is the main factor responsible for the high sales of furniture and this trend is expected to remain in the future as well.
What are the Key Segments in the Latin America Furniture Market?
The Latin America Furniture is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Material
- Wood
- Metal
- Plastic
- Glass
- Others
By Product
- Beds & Mattresses
- Sofas & Couches
- Tables & Desks
- Chairs & Stools
- Storage Units
- Entertainment Units
- Others
By End-User
- Residential
- Commercial
- Offices
- Educational Institutes
- Hotels & Restaurants
- Others
By Distribution Channel
- Online Retail
- Offline Retail
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How does geographical analysis highlight in the Latin America Furniture market?
By Country
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
Who are the Key Players in Latin America Furniture Market?
- Ashley Furniture Industries
- IKEA Group
- Herman Miller Inc.
- Linea Brasil
- Dalla Costa
- Techni Mobili
- Santos Andira
- Politorno
- Arteqiri
- Fontenlastore
- Okamura Corporation
- South America Furniture
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Latin America Furniture Market News
- 2023: IKEA group opens its first store in Colombia. This will provide access to Colombians with all of its products including a wide furniture range. This expansion will be on an area of more than 26,000 square meters.
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