The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Furniture Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Latin America Furniture Industry (2025-2030):
According to the latest report, 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. The report demonstrates the prominent factors propelling the exponential growth of the Latin America Furniture industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 4%
- Market Value in 2024: USD 34.6 Billion
- Market Value in 2030: USD 44 Billion
What are the major Driver the global Latin America Furniture industry?
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.
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Latin America Furniture Market Segmentation
The Latin America Furniture Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Material
- Wood- Market Size Forecast 2020-2030, USD Million
- Metal- Market Size Forecast 2020-2030, USD Million
- Plastic- Market Size Forecast 2020-2030, USD Million
- Glass- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- By Product
- Beds Mattresses - Market Size Forecast 2020-2030, USD Million
- Sofas Couches- Market Size Forecast 2020-2030, USD Million
- Tables Desks- Market Size Forecast 2020-2030, USD Million
- Chairs Stools- Market Size Forecast 2020-2030, USD Million
- Storage Units- Market Size Forecast 2020-2030, USD Million
- Entertainment Units- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- By End-User
- Residential- Market Size Forecast 2020-2030, USD Million
- Commercial- Market Size Forecast 2020-2030, USD Million
- Offices- Market Size Forecast 2020-2030, USD Million
- Educational Institutes- Market Size Forecast 2020-2030, USD Million
- Hotels Restaurants- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- By Distribution Channel
- Online Retail
- Offline Retail
- By Country
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
As per the regional aspect, the Latin America Furniture Market is expected to be dominated by Latin America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/latin-america-furniture-market.html
Top Companies in the 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, and others
Latin America Furniture Industry Recent Development:
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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