Canada Home Furniture Market Insights Forecasts to 2033

• The Canada Home Furniture Market Size was valued at USD 18.5 Billion in 2023.
• The Market is growing at a CAGR of 5.13% from 2023 to 2033
• The Canada Home Furniture Market Size is expected to reach USD 30.5 Billion by 2033

The Canada Home Furniture Market is anticipated to exceed USD 30.5 Billion by 2033, growing at a CAGR of 5.13% from 2023 to 2033. The increasing preference for wooden furniture products in households and the increase in demand for residential furniture are driving the growth of the home furniture market in the Canada.     

Market Overview

Home furniture is household equipment made of wood, metal, plastics, marble, glass, fabrics, or related materials used for different household purposes. Furniture comes in a broad variety from the most basic stick-back country chair or pine chest to the most ornate gilded console table or marquetry work cabinet. Economics and fashion have placed a greater emphasis on furniture's decorative and utilitarian features. There is an increasing consumer trend towards smart furniture which includes home automation and IoT technologies. Further, the integration of innovative features including built-in sensors, wireless charging, and app-controlled functionalities for enhancing user experience and convenience are driving the market growth for home furniture.

Report Coverage

This research report categorizes the market for the Canada home furniture market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada home furniture market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada home furniture market.

Driving Factors

The increasing preference for wooden furniture products for household purposes owing to the rising demand for eco-friendly and sustainable furniture constructed from resources like recovered wood or FSC-certified timber is driving the home furniture market. The use of furniture for residential purposes such as multifunctional furniture that is used for varied activities in limited space is propelling the market demand for home furniture. 

Restraining Factors

The availability of counterfeit products at low prices is restraining the home furniture market. Further, the consumer preference for rental furniture is hindering the market.

Market Segmentation

The Canada Home Furniture Market share is classified into product and distribution channel.

• The living-room & dining-room furniture segment dominates the market with the largest market share during the forecast period.

The Canada home furniture market is segmented by product into living-room & dining-room furniture, bedroom furniture, kitchen furniture, lamps & lightening furniture, and plastic & other furniture. Among these, the living-room & dining-room furniture segment dominates the market with the largest market share during the forecast period. Living room and dining room furniture comprise of sofas, chairs, tables, cabinets, and other furniture pieces. The increasing trend of interior designing and furnishing of living and dining rooms as well as the popularity of design aesthetics for furnishing and décor are significantly contributing to drive the market demand.

• The specialty stores segment dominated the Canada home furniture market during the forecast period.       

Based on the distribution channel, the Canada home furniture market is divided into home centers, specialty stores, flagship stores, online, and others. Among these, the specialty stores segment dominated the Canada home furniture market during the forecast period. Specialty store services provide assistance for selection and design by educated representatives. The customer's experience and compatibility with the quality and texture of the furniture in person are responsible for driving the market. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada home furniture market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• IKEA Canada
• Pallister
• Bermex
• Durham Furniture
• Future Fine Furniture
• Kitchencraft
• BirchWood Furniture
• Bensen
• Kavuus
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2024, Cozey, a Canadian brand known for its modular and easy-to-assemble furniture, quickly rose to prominence in a rapidly evolving furniture market.
• In September 2024, Transformer Table, an industry leader in smart home furniture, is teaming up with Marie Kondo, bestselling author and renowned tidying expert. This collaboration would showcase the ability of multifunctional furniture to help keep a home tidy and organized.
• In June 2023, IKEA Canada announced plans to inject more than $400 million into projects that expand fulfillment capabilities in the Greater Vancouver and Toronto Areas. IKEA Canada’s investment would help the brand continue to meet the evolving ways that customers shop, while supporting their commitment to help Canadians enjoy a better life at home.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Home Furniture Market based on the below-mentioned segments:

Canada Home Furniture Market, By Product

• Living-Room & Dining-Room Furniture
• Bedroom Furniture
• Kitchen Furniture
• Lamps & Lightening Furniture
• Plastic & Other Furniture

Canada Home Furniture Market, By Distribution Channel

• Home Centers
• Specialty Stores
• Flagship Stores
• Online
• Others