Global Multifunctional Furniture Market Size & Outlook
The multifunctional furniture industry worldwide is expected to reach a projected revenue of US$ 11,212.1 million by 2030. A compound annual growth rate of 6.5% is expected of the worldwide multifunctional furniture industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,210.3
Forecast, 2030 (US$M)
$11,212.1
CAGR, 2024 - 2030
6.5%
Report Coverage
Worldwide
Global multifunctional furniture market, 2018-2030 (US$M)
Global multifunctional furniture market highlights
- The global multifunctional furniture market generated a revenue of USD 7,210.3 million in 2023 and is expected to reach USD 11,212.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.5% by 2030.
- In terms of segment, sofa cum bed accounted for a revenue of USD 7,210.3 million in 2023.
- Sofa Cum Bed is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 7,210.3 million |
| Market revenue in 2030 | USD 11,212.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Sofa cum bed |
| Fastest growing segment | Sofa Cum Bed |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sofa Cum Bed |
Other key industry trends
- In terms of revenue, the North America accounted for 29.3% of the global multifunctional furniture market in 2023.
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Multifunctional Furniture Market Scope
Multifunctional furniture market segmentation & scope
Sofa Cum Bed
Wall Bed
Shelf and Desk
Modular Furniture
Extendable Table
Storage Ottoman
Convertible Chair/Recliner
Others
Material
Metal
Wood
Plastic
Glass
Others
End Use
Residential
Commercial
Countries
U.S.
Canada
Mexico
UK
France
Germany
Italy
Spain
China
India
Japan
Brazil
Argentina
South Africa
Saudi Arabia
Multifunctional Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global multifunctional furniture market size, by regions, 2018-2030 (US$M)
Related regional statistics
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