Written by MarkNtel Advisors » Updated on: January 14th, 2025
The growing development of real estate in the region has increased the sales of newly built apartments and houses, coupled with the increase in the number of corporate offices, and demand for office furniture like chairs, cabinets, tables, etc., has also boosted the demand for the Latin America Furniture Industry.
The Latin America Furniture Market size was valued at around USD 34.6 Billion in 2024 and is projected to reach USD 44 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30.
Brazil leads the industry growth with the largest market share, owing to the high per capita income.
Among all end users, the residential segment leads the industry due to the rising number of residential houses and complexes which continuously raise the demand for furnishing the household
Wood uplifts the growth of the market segment, this is because wood is cheaper as compared to other materials and easily available locally
Ongoing personalized furniture totally based on customer requirements, gained high popularity and therefore led to the exponential growth of the Latin America Furniture market.
The growing adoption of rental furniture in the region is predicted to hamper the growth of the Latin America Furniture Market
Growing preference for enhanced interiors driving the growth of the industry forward.
As indicated in the latest market research report published by Markntel Advisors, titled “Latin America Furniture Market Research Report: By Material (Wood, Metal, Plastic, Glass, Others), By Product (Beds & Mattresses, Sofas & Couches, Tables & Desks, Chairs & Stools, Storage Units, Entertainment Units, Others), By End-User (Residential, Commercial [Offices, Educational Institutes, Hotels & Restaurants, Others]), By Distribution Channel (Online Retail, Offline Retail) Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Latin America Furniture market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
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