Canada Furniture Market Overview, 2028

Canada Furniture Market Overview, 2028
The rise in middle-class per capita income is increasing the Canadian furniture sector. Growth in infrastructural sectors such as real estate and tourism is also driving up demand for commercial furnishings in Canada. Furthermore, the country is well known for its handcrafted and specialized wood furniture. Furniture companies aspire to expand their presence in big cities through local distribution partnerships and stand-alone storefronts. Canada is experiencing a considerable increase in furniture sales as a result of improved housing activity and rising expenditures on home furnishings. Canada is well-versed in the production of solid wood furniture. Canada is abundant in natural resources, including huge forests that produce a steady supply of high-quality wood such as maple, oak, cherry, and pine. This abundance of timber makes it cost-effective for Canadian manufacturers to produce solid wood furniture. Canadian wood species such as Western Hemlock, Western Red Cedar, Douglas fir, and Spruce-Pine-Fir provide enormous adaptability, durability, and workability-all of which are required for making high-quality furniture ideal for household furniture goods. Several important trends impact the landscape of furniture preferences and choices in Canada. The emphasis on sustainability and eco-friendliness is a big trend, with buyers increasingly demanding furniture made from responsibly produced materials and with a low environmental impact. This is consistent with the larger worldwide trend toward mindful consumerism. Another prevalent trend is customization, as people want furniture that can be adapted to their exact needs and design choices, allowing them to create personalized living environments.

According to the research report ""Canada Furniture Market Overview, 2028,"" published by Bonafide Research, the Canada Furniture market is expected to reach market size of USD 23.86 Billion by 2028. Furthermore, there is a significant trend toward modern and minimalist designs, indicating a preference for clean lines, utilitarian aesthetics, and uncluttered living spaces. As consumer’s value well-being and convenience, comfort and ergonomic concerns are becoming increasingly important, particularly for goods such as sofas, chairs, and mattresses. As technology becomes more integrated into daily life, furniture designs that accommodate devices and connectivity requirements are becoming more popular. Additionally, outdoor and patio furniture have become increasingly popular, reflecting a desire for comfortable and stylish outdoor living spaces. Customers in Canada are frequently looking for comfortable and diverse seating solutions. Sectional sofas, modular seats, and reclining chairs are popular options for leisure and socialization. Home office equipment such as ergonomic chairs, adjustable standing desks, and organizational solutions is in high demand as remote work becomes more popular in order to create efficient and comfortable workstations. With the increasing integration of technology, smart furniture options like charging stations, built-in speakers, and adjustable lighting are becoming more popular among tech-savvy consumers. Furniture designs that incorporate aspects of several cultures reflect Canada's diverse population. Patterns, colors, and materials that resonate with various ethnic backgrounds can all contribute to a diverse and varied blend of styles. The Canadian love of nature and the outdoors is frequently reflected in furniture designs that incorporate natural materials such as wood, stone, and leather. Outdoor-inspired patterns and textures, as well as rustic and earthy aesthetics, are prevalent features.

The product of the market include beds, tables & desks, sofa & couch, chairs & stools, cabinets & shelves, and others. Beds are commonly preferred furniture in Canada. Tables and desks are gaining significant preference in furniture market of Canada. The advent of remote work and online education has boosted the demand for effective and comfortable home workstations. Tables and desks give separate locations for people to work, study, or hold virtual meetings, which increases productivity and attention. Many Canadian homes contain adjustable living rooms that can be used for different purposes. Tables and desks are adaptable and necessary pieces of furniture since they can be used for work, dining, hobbies, and other activities. With the shift toward smaller living spaces and urbanization, consumers are selecting furniture that maximizes available space while preserving usefulness. Compact workstations and tables are ideal for various living situations. Furthermore, based on material market is divided into wood, metal, plastic, glass, and others. Plastic material is expected to register highest CAGR of the market in Canada. Plastic furniture is frequently less expensive than furniture constructed of traditional materials such as wood or metal. Its style and color adaptability make it an appealing alternative for budget-conscious shoppers looking for adaptable and trendy furniture solutions. Because of their weather-resistant durability, plastic materials are a popular choice for outdoor and patio furniture in Canada's diverse environment. Their capacity to survive rain, snow, and sunlight while remaining attractive adds to their allure.

The application of the market is divided into residential, office, hotel, and others (hospital furniture). There is significant demand for furniture in hotel application in Canada. Canada is a well-known tourist destination because of its diverse landscapes, cultural attractions, and outdoor activities. The flourishing tourist and hospitality businesses stimulate demand for hotels and accommodations, which in turn supports the desire for a diverse range of furniture, including guest room furnishings, lobby seating, dining rooms, and outdoor spaces. The robust economy and urbanization of Canada have resulted in an increase in business travel, corporate events, conferences, and leisure vacations. Hotels that cater to these guests must provide comfortable and aesthetically beautiful environments, which require a steady supply of high-quality furniture. Based on distribution channel market include, specialty stores (traditional stores, branded furniture/flagships stores, lifestyle stores, home centers), supermarkets and hypermarkets (department stores, discount department stores), online, and others (office supply stores, buying through a designer). Online channel has significantly increased in Canada for furniture distribution and is expected to register highest CAGR of the market as well. Increased internet penetration, improved online shopping platforms, and a greater consumer comfort level with making larger purchases online have all contributed to the general expansion of e-commerce in numerous industries, including furniture. Some online furniture retailers provide customisation options, allowing customers to tailor factors such as color, size, and materials to their own requirements.

Considered in this report:
• Geography: Canada
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Canada 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

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.