IMARC Group has recently released a new research study titled “South Korea Furniture Market Report by Material (Metal, Wood, Plastic, Glass, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Furniture Market Overview
South Korea furniture market size reached USD 12.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.42% during 2025-2033.
Market Size and Growth
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 12.6 Billion
Market Forecast in 2033: USD 17.7 Billion
Market Growth Rate (2025-2033): 3.42%
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Key Market Highlights:
Strong growth driven by urbanization and increased disposable income among consumers.
Rising demand for multifunctional and space-saving furniture solutions as living spaces become more compact.
Growing preference for sustainable and eco-friendly materials in furniture production and design.
South Korea Furniture Market Trends and Drivers:
Urbanization and Changing Consumer Lifestyles
The South Korea Furniture Market is experiencing robust growth fueled by rapid urbanization and evolving consumer lifestyles. As more people move to urban areas, there is a growing demand for furniture that fits smaller living spaces while maximizing functionality. This trend is reflected in the South Korea Furniture Market Size, which has expanded significantly as consumers seek innovative solutions that cater to their needs. With an increasing number of young professionals and families living in apartments, there is a heightened interest in multifunctional furniture that combines style and practicality. By 2025, this trend is expected to continue driving market growth, as manufacturers respond with creative designs that appeal to the modern consumer’s desire for both aesthetics and utility.
Rising Demand for Sustainable Products
Another key dynamic shaping the South Korea Furniture Market is the rising demand for sustainable and eco-friendly furniture options. As environmental awareness grows, consumers are increasingly prioritizing products made from sustainable materials and those that promote ethical manufacturing practices. This shift is influencing the South Korea Furniture Market Share, as brands that adopt eco-friendly approaches gain a competitive edge.
Consumers are willing to invest in high-quality, sustainable furniture that aligns with their values, leading to a marked increase in the availability of such products. By 2025, this trend is likely to further enhance market growth, as more companies innovate to meet the demand for environmentally responsible furniture solutions, thereby attracting a conscientious consumer base.
E-commerce and Digital Transformation
The rise of e-commerce is transforming the South Korea Furniture Market, providing consumers with greater access to a diverse range of products. Online shopping has become increasingly popular, especially in the wake of the pandemic, leading to a surge in furniture sales through digital platforms. This trend is significantly impacting the South Korea Furniture Market Size, as consumers appreciate the convenience of browsing and purchasing furniture from the comfort of their homes. By 2025, the integration of technology in the furniture retail sector is expected to enhance customer experience through virtual showrooms and augmented reality applications, allowing consumers to visualize how furniture will fit into their spaces. This digital transformation will play a crucial role in driving South Korea Furniture Market Growth, as it meets the evolving preferences of tech-savvy consumers and expands market reach.
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South Korea Furniture Market Segmentation:
The market report segments the market based on product type, distribution channel, and region:
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
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Competitive Landscape:
The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.
Key Highlights of the Report
- Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter’s Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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