Latin America Contract Furniture Market Size & Outlook
Latin America contract furniture market, 2018-2030 (US$M)
Related Markets
Latin America contract furniture market highlights
- The Latin America contract furniture market generated a revenue of USD 9,272.9 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, chairs & stools was the largest revenue generating product in 2023.
- Sofa & Couch is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 9,272.9 million |
| Market revenue in 2030 | USD 13,155.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Chairs & stools |
| Fastest growing segment | Sofa & Couch |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chairs & Stools, Tables & Desks, Storage Furniture, Sofa & Couch |
| Key market players worldwide | MillerKnoll Inc, Steelcase Inc Class A, HNI Corp, Global Industrial Co, Haworth, Inc., Kinnarps, Teknion, OFS |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global contract furniture market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,893.9 million by 2030.
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Contract Furniture Market Scope
Contract Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America contract furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contract furniture market will help companies and investors design strategic landscapes.
Chairs & stools was the largest segment with a revenue share of 33.44% in 2023. Horizon Databook has segmented the Latin America contract furniture market based on chairs & stools, tables & desks, storage furniture, sofa & couch covering the revenue growth of each sub-segment from 2018 to 2030.
In Central & South America, there is an emerging trend where consumers are increasingly prioritizing renovations, resulting in higher spending on furniture. Unlike the traditional view of furniture and interiors as long-term investments, there is now a prevalent inclination to replace these items every few years.
The popularity of wooden furniture in the region is primarily attributed to the easy availability of wood and the cost-effectiveness of reforestation efforts. Moreover, the growing demand for visually appealing contract furniture has increased the utilization of wood within the industry.
Wood-based furniture offers desirable characteristics such as water resistance, corrosion resistance, and stain resistance, making it particularly well-suited for contract furniture applications. Brazilian woods like Parota and Tzalam are notable for their widespread availability and durability, making them commonly used materials in furniture manufacturing across the country.
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Target buyers of Latin America contract furniture market databook
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Our clientele includes a mix of contract furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America contract furniture market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America contract furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America contract furniture market size, by country, 2018-2030 (US$M)
Latin America Contract Furniture Market Outlook Share, 2023 & 2030 (US$M)
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