Australia Furniture Market Research Report, 2028

The demand for furniture can be influenced by the state of the economy overall, which includes elements like consumer spending, disposable income, and housing market movements. Consumers may be more likely to spend money on more expensive or designer furniture during times of economic expansion. Australians have demonstrated a liking for modern, fashionable, and practical furniture. The desire for space-saving and multi-functional furniture is a result of the trend towards smaller and more effective living areas, such as apartments and tiny houses. Australian furniture frequently combines elements of traditional and modern design. Australian designers are known for producing objects that are not only useful but also inventive and aesthetically beautiful. The nation's multiracial and diversified population has an impact on design as well, resulting in furniture that can cater to a wide range of tastes. Natural and ecological materials are frequently emphasized by Australian furniture designers and producers. This includes leather, wood, and other locally obtained environmentally friendly materials. The use of these materials fosters a link with the nation's distinctive ecosystems and landscapes. The Australian lifestyle and climate are frequently taken into account while designing furniture. The development of furniture that can easily switch between indoor and outdoor settings is the result of the emphasis on indoor-outdoor living areas. Furthermore, as technology advances, some Australian furniture designers have embraced innovations such as smart furniture, integrating features like charging ports, built-in lighting, and other tech-savvy elements into their designs. According to the research report "Australia Furniture Market Research Report, 2028," published by Actual Market Research, the Australia Furniture market was valued at USD 7.67 Billion in 2022. The sorts of materials used in the manufacture of furniture in Australia are influenced by the country's varied environments, which range from tropical areas to dry deserts. Australian furniture has a distinctive and environmentally conscious appeal due to the emphasis on using local and sustainable resources, such as indigenous timbers and eco-friendly fabrics. The majority of Australia has a hot environment, so any furniture must be able to resist the heat and humidity. As a result, there is a demand for furniture made of materials like wicker, rattan, and weather-proof wood. Australia is a sizable nation with a modest population; therefore, the demand for mass-produced furniture is constrained. There is now a demand for both locally produced and imported furniture as a result of this. Australians tastes in furniture differ from those of individuals in other nations. They tend to like trendy, practical furnishings and are prepared to pay extra for high-quality items. For instance, the typical Australian household invests AUD USD 5,000 in furniture each year. Australian furniture comes in a variety of styles, from traditional to modern, minimalist, and even beach-inspired. Clean lines, natural materials, and practical forms define the contemporary popularity of Scandinavian and mid-century modern design. Due to the nation's beach-centric culture, coastal and tropical styles are also very prevalent. Australian furniture frequently stresses the use of locally sourced and ecological materials. For the construction of furniture, native woods, including Tasmanian Oak, Blackwood, and jarrah, are frequently used. Also becoming more fashionable are eco-friendly materials like bamboo and recycled wood.

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Based on product type market is bifurcated into beds, tables & desks, sofa & couch, chairs & stools, cabinets & shelves, and others. Beds products dominate the market of Australia furniture market. Australians value comfort and sleep quality, understanding the importance of a good night's sleep for general well-being. Beds, as the principal piece of furniture linked with sleep, attract a lot of attention and investment from customers looking for maximum comfort and rest. The laidback and outdoor-oriented lifestyle of Australia stresses leisure and recreation. A welcoming and comfy bed is viewed as a key component in establishing a nice and enjoyable living space for rest and renewal. Australians have a high proportion of homeownership; therefore, investing in long-lasting, sturdy furniture is customary. Beds, as a necessary piece of furniture in any home, are seen as a long-term investment that will bring value for many years. Furthermore, material that is commonly used in furniture is wood and is significantly leading the market as well. Wood has a timeless and natural elegance that complements a wide range of design styles, from classic to modern. Its warm tones, distinctive grain patterns, and texture enhance visual appeal and help to create welcoming and harmonious living areas. Indigenous Australian cultures have a close relationship with nature and the land. Using wood in furniture design supports these cultural values while also honouring the country's rich Indigenous past. Wood is a highly malleable material that can be molded, carved, and crafted into beautiful forms. Skilled artisans and craftsmen can build one-of-a-kind and personalized furniture items that highlight their abilities. The category of the market include, indoor and outdoor. Outdoor category is expected to grow at the fastest rate during the forecast period. Because of the country's excellent environment and natural beauty, Australians have a great love for outdoor living and leisure activities. The outdoor space is frequently regarded as an extension of the home, and there is an increasing emphasis on creating relaxing, dining, and socializing environments that are both comfortable and elegant. Many Australians are living in apartments, townhouses, or smaller residences with little internal space as urbanization progresses. Balconies, patios, and courtyards, for instance, provide important extra space that can be maximized with well-designed outdoor furniture. Furthermore furniture products are widely used in residential application. In their houses, Australians place a premium on comfort and well-being. Furniture is necessary for relaxation, rest, and the creation of suitable living environments in which individuals and families can unwind and regenerate. The foundation of functional living environments is furniture. Everyday activities and routines necessitate the use of essential elements such as sofas, beds, dining tables, and storage solutions. Interior design shows, publications, and online platforms have increased interest in house repair and decorating. Furniture is crucial in changing living spaces into well-designed and aesthetically beautiful residences. Based on distribution channel market is divided into specialty stores (traditional stores, branded furniture/flagships stores, lifestyle stores, home centers), supermarkets and hypermarkets (department stores, discount department stores), online, others (office supply stores, buying through a designer). Speciality stores are leading the market of Australia with significant market share. Specialty stores frequently curate a broad and extensive choice of furniture products that cater to various styles, patterns, and preferences. Customers can locate furniture that meets their unique demands and interests thanks to the broad selection. Specialty stores thrive by providing specialty and one-of-a-kind furniture items that are not generally available in general retail locations. This uniqueness attracts customers looking for unique and personalized decorations for their homes. Many specialty shops provide customization possibilities, allowing consumers to modify furniture to their specific needs in terms of size, color, material, and design. This personalized touch improves the shopping experience and corresponds with buyers' desire for one-of-a-kind furniture pieces.

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Kripa Shah

Senior Analyst

Considered in this report: • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Australia Furniture market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Material: • Wood • Metal • Plastic • Glass • Others

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By Product: • Beds • Tables & Desks • Sofa & Couch • Chairs & Stools • Cabinets & Shelves • Others By Category: • Indoor • Outdoor By Application: • Residential • Office • Hotel • Others (Hospital Furniture) By Distribution Channel: • Specialty Stores (Traditional Stores, Branded Furniture/Flagships Stores, Lifestyle Stores, Home Centers) • Supermarkets and Hypermarkets (Department Stores, Discount Department Stores) • Online • Others (Office Supply Stores, Buying Through a Designer) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Furniture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.