South Korea Furniture Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 5,805.2 Million
Market Forecast in 2033: USD 7,296.3 Million
Market Growth Rate: 3.42%(2025-2033)
According to the latest report by IMARC Group, the South Korea furniture market size is projected to exhibit a growth rate (CAGR) of 3.42% during 2025-2033.
Request PDF Sample for more detailed market insights: https://www.imarcgroup.com/south-korea-furniture-market/requestsample
South Korea Furniture Industry Trends and Drivers:
South Korea's furniture market is growing rapidly, driven by modern design, urban living, and attention to home aesthetics. Urbanization continues to happen quickly and there is an increasing number of compact living spaces, especially in cities like Seoul where demand is high for modern, stylish furniture such as modular sofas, foldable tables, or other space-saving furniture with multifunctional uses like storage. The rising global phenomena of K-Drama consumers and K-Pop fans has led to a greater interest in appealing modern styles. Consumers want to express their own culture and coolness via their living spaces to keep up with the well-designed home spaces they consume in the media. Government investment in construction and real estate via infrastructure and commercial development help increase the need for new furniture. This rapidly changing market allows for both excitement and challengers for local and global firms and it fosters growth and opportunity, providing both traditional artisans with modern options as well as building and other industries with a new source of quality or interesting furniture. "It’s so uncharted, that's the chance we have to go on exciting journeys to the future of design and innovation.
Consumer preferences are evolving as there is demand for more sustainable and personalized furniture. Young professionals, families, and seniors are looking for items that are suitable to fit their small apartments, reflect their personal style, and are made with sustainable materials like reclaimed wood. The rise of ecommerce coupled with social media has changed the way consumers shop for furniture, creating a world where customers can search for and buy furniture online that matches, from minimalism to luxury. The increased popularity of renovations fueled by media influence and people's desire for cozy environments also continues to drive the market. South Korea's competitive reputation for quality craftsmanship and good design fuel these developments, because the manufacturers are paying attention to their own sectors tastes. The furniture market is transforming right before our eyes and contributing even more to homes while supporting South Korea's active lifestyle and economy.
South Korea Furniture Market Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea Furniture Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments
The report has segmented the market into the following categories:
Material Insights:
- Metal
- Wood
- Plastic
- Glass
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
End Use Insights:
- Residential
- Commercial
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the South Korea Furniture industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145