Asia Pacific Multifunctional Furniture Market Size & Outlook
The multifunctional furniture market in Asia Pacific is expected to reach a projected revenue of US$ 4,466.9 million by 2030. A compound annual growth rate of 7.3% is expected of Asia Pacific multifunctional furniture market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,733.2
Forecast, 2030 (US$M)
$4,466.9
CAGR, 2024 - 2030
7.3%
Report Coverage
Asia Pacific
Asia Pacific multifunctional furniture market, 2018-2030 (US$M)
Asia Pacific multifunctional furniture market highlights
- The Asia Pacific multifunctional furniture market generated a revenue of USD 2,733.2 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, sofa cum bed was the largest revenue generating product in 2023.
- Sofa Cum Bed is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,733.2 million |
| Market revenue in 2030 | USD 4,466.9 million |
| Growth rate | 7.3% (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 |
| Key market players worldwide | Haworth, Inc., HNI Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.9% of the global multifunctional 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 4,466.9 million by 2030.
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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 |
|---|
Asia Pacific multifunctional furniture market
Related regional statistics
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