Latin America Furniture Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

 

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Furniture Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Latin America Furniture Industry (2025-2030):

According to the latest report, 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. The report demonstrates the prominent factors propelling the exponential growth of the Latin America Furniture industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

·       Historical Data: 2020-23

·       Base Year: 2024

·       Forecast Period: 2025-30

·       CAGR – 4%

·       Market Value in 2024: USD 34.6 Billion

·       Market Value in 2030: USD 44 Billion

What are the major Driver the global Latin America Furniture industry?

Increasing Concerns Towards Premium Home Interiors – The people in this region are highly increasingly concerned about improving their home interiors. To address these requirements, there is a very high number of companies available in Latin America. For instance, only Brazil consists of around 52,660 interior designer companies. Furniture plays a major role in enhancing the visuals of the households while providing functionalities such as comfort, storage, etc. This spending on premium furniture is mainly fueled by the high disposable incomes of the people of Latin America. For instance, the per capita income in Brazil was around USD 9,032 in 2023 and this value was around USD 8,800 in the previous year. Therefore, a high focus on premium interiors fueled by high disposable incomes is the main factor responsible for the high sales of furniture and this trend is expected to remain in the future as well. 

Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/research-library/latin-america-furniture-market.html

Latin America Furniture Market Segmentation

The Latin America Furniture Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Material
    • Wood- Market Size & Forecast 2020-2030, USD Million
    • Metal- Market Size & Forecast 2020-2030, USD Million
    • Plastic- Market Size & Forecast 2020-2030, USD Million
    • Glass- Market Size & Forecast 2020-2030, USD Million
    • Others- Market Size & Forecast 2020-2030, USD Million
  • By Product
    • Beds & Mattresses - Market Size & Forecast 2020-2030, USD Million
    • Sofas & Couches- Market Size & Forecast 2020-2030, USD Million
    • Tables & Desks- Market Size & Forecast 2020-2030, USD Million
    • Chairs & Stools- Market Size & Forecast 2020-2030, USD Million
    • Storage Units- Market Size & Forecast 2020-2030, USD Million
    • Entertainment Units- Market Size & Forecast 2020-2030, USD Million
    • Others- Market Size & Forecast 2020-2030, USD Million
  • By End-User
    • Residential- Market Size & Forecast 2020-2030, USD Million
    • Commercial- Market Size & Forecast 2020-2030, USD Million
      • Offices- Market Size & Forecast 2020-2030, USD Million
      • Educational Institutes- Market Size & Forecast 2020-2030, USD Million
      • Hotels & Restaurants- Market Size & Forecast 2020-2030, USD Million
      • Others- Market Size & Forecast 2020-2030, USD Million
  • By Distribution Channel
    • Online Retail
    • Offline Retail
  • By Country
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Rest of Latin America

As per the regional aspect, the Latin America Furniture Market is expected to be dominated by Latin America by capturing the potential market share.

Explore further details about this research report - https://www.marknteladvisors.com/research-library/latin-america-furniture-market.html

Top Companies in the Latin America Furniture Market

Ashley Furniture Industries, IKEA Group, Herman Miller Inc., Linea Brasil, Dalla Costa, Techni Mobili, Santos Andira, Politorno, Arteqiri, Fontenlastore, Okamura Corporation, South America Furniture, and others

Latin America Furniture Industry Recent Development:

2023: IKEA group opens its first store in Colombia. This will provide access to Colombians with all of its products including a wide furniture range. This expansion will be on an area of more than 26,000 square meters.

Why Markntel Advisors Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/latin-america-furniture-market.html

For Further Queries:

Contact Us

MarkNtel Advisors

+1 628 895 8081, +91 120 4278433

sales@marknteladvisors.com

Corporate Office: Office No.109,

H-159, Sector 63, Noida, Uttar Pradesh - 201301, India

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