DIY Furniture Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 114.90 Billion |
| Market Size (2029) | USD 160.33 Billion |
| CAGR (2024 - 2029) | 6.89 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
DIY Furniture Market Analysis
The DIY Furniture Market size is estimated at USD 114.90 billion in 2024, and is expected to reach USD 160.33 billion by 2029, growing at a CAGR of 6.89% during the forecast period (2024-2029).
"Do-It-Yourself" became popular due to its cost-effectiveness and customer satisfaction while creating and customizing furniture. Factors like the increasing trend of sustainable living, interest in creative hobbies, and the growing online platforms that provide tutorials and inspiration drive the market's growth. The market offers opportunities for industrial players to capitalize on the growing trends, such as sustainability and online platforms.
Consumers' rise in disposable income increases their purchasing power and spend more on luxury, comfort, and lifestyle products. The changing spending behavior of consumers and the rise in purchasing power increases the demand for DIY furniture. The rising trend of home renovation supports the growth of the market. As the home renovation trend increases, people desire to have outdoor gardens and galleries at home, buy outdoor DIY furniture, and enhance market growth. Increased growth in urbanization and globalization led to an increase in the standard of living, another factor in developing the DIY furniture market.
The technological advancements created in DIY furniture products increased the demand among customers. The increase in product offerings boosts the growth of the market. Moreover, factors like the emergence of e-commerce platforms and wide usage of online shopping platforms expanded the development of the market.
DIY Furniture Market Trends
Digital Transformation and Technology Adoption Drive the Market
The rapid growth in digital transformation and the adoption of advanced technologies boost the development of the e-commerce DIY furniture market. Integrating tools such as augmented reality (AR), virtual reality (VR), and 3D visualization enhanced the online shopping experience of DIY furniture. With these technologies, customers can virtually visualize how the furniture will look when it is fit before purchasing.
Integrating BNPL services provides convenience to customers and creates a user-friendly experience for them. Mobile commerce and the facility of more accessible payment options are significant drivers in the growth of the e-commerce DIY furniture market.
Asia-Pacific is the Fastest Growing Market
The rising demand for personalized and unique furniture increased the demand for DIY furniture in Asia-Pacific. Customers are looking for furniture that reflects individual styles and meets specific requirements. The market offers opportunities for industry participants in the Asia-Pacific region to increase revenue and foster customer loyalty. Technological advancements and sustainability initiatives taken by manufacturers increase the growth of the DIY furniture market in the Asia-Pacific region. Factors like the expansion of e-commerce platforms and online customization tools enhance the development of the DIY furniture market in the Asia-Pacific region.
DIY Furniture Industry Overview
The DIY furniture market is competitive. This market includes many established companies and independent artisans. The small market players strive to enter the market by offering customized and specialized products. Online platforms are essential in connecting DIY furniture producers with customers to showcase a wide range of products. The major players are Wipro Furniture, Global Upholstery, Herman Miller, Steelcase, and Ikea.
DIY Furniture Market Leaders
-
Global Upholstery
-
Herman Miller
-
Steelcase
-
Ikea
-
Wipro Furniture
*Disclaimer: Major Players sorted in no particular order
DIY Furniture Market News
- July 2023 - Ikea launched a nostalgia-packed collection of reimagined designs on its 80th anniversary, bringing back the bold, vibrant designs of the late 鈥�70s and early 鈥�80s. The brand named build-it-yourself, affordable furniture is looking back to design furniture by adding a modern twist with new colors, materials, and inspiration.
- June 2022 - Ikea, the world's largest furniture seller, launched a new AI-powered digital experience that allows customers to design and visualize their living spaces from computers and smartphones.
DIY Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 DIY Furniture Encourages Creativity and Innovation Drives the Market
4.3 Market Restraints
4.3.1 DIY Furniture Projects Require Certain Level of Expertise and Experience
4.4 Market Opportunities
4.4.1 The Increasing Focus on Sustainable Living Promote DIY Furniture Markets to Adopt Eco-friendly Practices
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technology Innovation in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Metal
5.1.2 Wood
5.1.3 Plastic
5.1.4 Glass
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Asia-Pacific Region
5.4.2.1 India
5.4.2.2 China
5.4.2.3 Japan
5.4.2.4 Australia
5.4.2.5 Rest of Asia-Pacific Region
5.4.3 South America
5.4.3.1 Brazil
5.4.3.2 Argentina
5.4.3.3 Rest of South America
5.4.4 Europe
5.4.4.1 United Kingdom
5.4.4.2 Germany
5.4.4.3 Italy
5.4.4.4 Rest of Europe
5.4.5 Middle East & Africa
5.4.5.1 South Africa
5.4.5.2 United Arab Emirates
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Global Upholstery
6.2.2 Herman Miller
6.2.3 Steelcase
6.2.4 Ikea
6.2.5 Wipro Furniture
6.2.6 Godrej & Boyce
6.2.7 Williams-Sonoma
6.2.8 Creative Wood
6.2.9 Kinnarps
6.2.10 Kokuyo*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
DIY Furniture Industry Segmentation
DIY furniture includes many products, like tables, chairs, shelves, cabinets, etc. It allows people to be creative and customize furniture according to their preferences. The DIY furniture market provides an unlimited range of collections and customized furniture. The DIY furniture market is segmented into type, application, distribution channel, and geography. By type, the market is segmented into metal, wood, plastic, and glass. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into online and offline. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The report offers market size and forecasts for the DIY furniture market in value (USD) for all the above segments.
| By Type | |
| Metal | |
| Wood | |
| Plastic | |
| Glass |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Online | |
| Offline |
| By Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
DIY Furniture Market Research FAQs
How big is the DIY Furniture Market?
The DIY Furniture Market size is expected to reach USD 114.90 billion in 2024 and grow at a CAGR of 6.89% to reach USD 160.33 billion by 2029.
What is the current DIY Furniture Market size?
In 2024, the DIY Furniture Market size is expected to reach USD 114.90 billion.
Who are the key players in DIY Furniture Market?
Global Upholstery, Herman Miller, Steelcase, Ikea and Wipro Furniture are the major companies operating in the DIY Furniture Market.
What years does this DIY Furniture Market cover, and what was the market size in 2023?
In 2023, the DIY Furniture Market size was estimated at USD 106.98 billion. The report covers the DIY Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the DIY Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
DIY Furniture Industry Report
Statistics for the 2024 DIY Furniture market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. DIY Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
