Latest News- Furniture Market in Indonesia: Residential is expected to lead the Type segment during 2024-2028
The Furniture Market in Indonesia is being driven by Rapid growth in urbanization
The Furniture Market in Indonesia is expected to grow at a CAGR of 14.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3996.4 million. The Indonesian furniture market is witnessing a noteworthy trend towards eco-friendly furniture production and consumption, driven by growing environmental concerns and regulations. This shift is expected to gain momentum during the forecast period, with increasing demand from Indonesian consumers and expanding markets in developing countries of APAC and South and North America. Several Indonesian vendors are actively participating in this trend, manufacturing eco-friendly furniture made from sustainable materials such as bamboo, which offers durability and hardness superior to traditional oak furniture. Despite premium pricing, the demand for eco-friendly furniture continues to rise, reflecting a radical shift in consumer preferences towards sustainable and environmentally responsible products.
Get more information on Furniture Market in Indonesia by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Residential, Commercial) Delivery Mode (Offline, Online) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Furniture Market in Indonesia Research Report
Find out which segment is leading the market by accessing the free PDF report
The furniture industry in Indonesia caters to both residential and commercial spaces, aligning with the thriving real estate sector. Home renovation and interior decoration projects drive demand for wood furniture, with a focus on sustainable materials like bamboo, recycled wood, and reclaimed wood. Innovations such as 3D printing and augmented reality (AR) are transforming the industry. Wood furniture remains popular, with natural and processed options including single wood types, composite woods like plywood, MDF, and particleboard, and various styles and designs. Stains, paints, and treatments enhance residential settings, while housing projects, hotels, retail spaces, and offices also fuel the furniture market.
The furniture market in Indonesia is a significant segment of the global home furnishings industry, encompassing the manufacturing and marketing of furniture, floor coverings, decorative products, and other homeware items. According to Technavio, the home furnishings market size is determined by the consolidated revenue generated by companies specializing in consumer electronics, furnishings, decorative products, household appliances, and related sectors. Factors driving market expansion include the surge in residential and commercial construction projects, infrastructure development, and the increasing trend towards home renovation and interior decoration. Sustainable materials, such as bamboo, recycled wood, and reclaimed wood, are gaining popularity due to their eco-friendly nature. Moreover, technological advancements, including 3D printing, augmented reality (AR), and virtual reality (VR), are revolutionizing the furniture industry by offering customizable and immersive shopping experiences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
