Brazil Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Furniture Market Analysis
The Brazil furniture market is expected to witness strong growth during the forecast period, owing to factors, such as rising disposable income, increasing the number of households in the country, and increasing spend on home improvement and furnishing products.
Brazil's furniture industry has evolved recently, owing to factors such as the opening of the economy to foreign trade, the expansion of the domestic market, and new consumers gaining access to the market. The low cost of reforestation wood represents another important competitive advantage for the furniture industry in Brazil.
In the furniture market in Brazil, sales of furniture in the retail trade increased by nearly 7.3% in 2018. The average price of furniture also witnessed an increase of 0.12% compared to 2018. The country is also witnessing a decline in imports of furniture products, as the production capacity of the country is significantly increasing.
Among the leading destinations for furniture exported by Brazil are the United States and the United Kingdom, followed by South American countries such as Uruguay, Peru, Chile, Paraguay, Argentina, and Bolivia. Latin America, which includes Central America, the Caribbean, and Mexico, accounts for 39.3% of Brazilian exports.
Brazil Furniture Market Trends
This section covers the major market trends shaping the Brazil Furniture Market according to our research experts:
Bedroom Furniture is the Largest Segment Among Home Furniture Products
Brazil is witnessing an increased demand for home furniture products such as bedrooms and living room furniture products. Home furniture demand is fundamentally increasing from replacement and refreshing of outdated or mal-functioning furniture with furniture that is novel or more functional.
As macroeconomic factors, such as increased spending power and rationality among consumers, persist, the consumers are conditioning their spending on indoor furniture to bring a new appeal to their houses. The Brazilians are staunch consumers of bedroom furniture, and thus, the production for this segment is also the highest. Other widely produced furniture products include office furniture, kitchen furniture, and other furniture.
Increased Construction Activity
Brazil's economy is witnessing a significant expansion, especially in the residential real estate segment. The residential segment is witnessing the highest growth in the real estate sector in-country when compared to all other segments. The housing market showed symptoms of improvement and witnessed a 30% increase in the purchase and construction of real estate in 2019 compared to 2018. Residential property purchases increased by almost 10% in 2019.
Medium and high-end developments are those that have led to the heating of the housing market in 2019. The residential sector largely drives positive construction numbers. The area of infrastructure is expected to improve by 2020, due to advances in sector regulatory frameworks that favor concessions and public-private partnerships. The increase in residential units is expected to fuel the growth of the furniture market as people moving to new households may get new furniture products for their household units.
Brazil Furniture Industry Overview
The Brazil market is highly competitive and fragmented with the presence of players such as Bartira, Industrias Arteb SA. And Temasa Industries De M Veis Ltd. Organized players have been successful due to their high budget marketing campaigns and promotions, which largely include the price reduction on MRP and high quality being offered at a low cost. Some of the major competition parameters include a number of stores, pricing, and type of material used in furniture, product SKUs, online presence/distribution channel, and others.
With growing competition from imported goods, Brazilian furniture manufacturers are investing heavily to improve their production processes in order to offer higher quality products. To achieve this goal, manufacturers are receiving support from the federal government, which is cutting import duties on machinery and equipment.
Brazil Furniture Market Leaders
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Bartira
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Techno Mobili
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Dalla Costa
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BRV Furniture
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Politorno
*Disclaimer: Major Players sorted in no particular order
Brazil Furniture Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Opportunities
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4.5 Industry Value Chain Analysis
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4.6 Porter's Five Forces Analysis
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5. MARKET INSIGHTS
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5.1 Insights on Regulatory Analysis on Furniture Products
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5.2 Insights on Consumer Behavior Analysis of Furniture Products
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5.3 Insights on Key Trends and Innovations in the Furniture Industry
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5.4 Impact of COVID 19 on the Market
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6. MARKET SEGMENTATION
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6.1 By Material
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6.1.1 Wood
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6.1.2 Metal
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6.1.3 Plastic and Other Furniture
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6.2 By Application
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6.2.1 Home Furniture
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6.2.2 Office Furniture
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6.2.3 Hospitality Furniture
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6.2.4 Other Furniture
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6.3 By Distribution Channel
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6.3.1 Supermarkets and Hypermarkets
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6.3.2 Specialty Stores
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6.3.3 Online
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6.3.4 Other Distribution Channels
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7. COMPETITIVE LANDSCAPE
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7.1 Market Competion Overview
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7.2 Company Profiles
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7.2.1 Bartira
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7.2.2 Techno Mobili
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7.2.3 Dalla Costa
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7.2.4 BRV Furniture
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7.2.5 Politorno
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7.2.6 Artesano
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7.2.7 Moval
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7.2.8 Linea Brasil
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7.2.9 Florense
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7.2.10 Demboile
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7.2.11 Moveis Primavera
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7.2.12 Rodial
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7.2.13 Santos Andira
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- *List Not Exhaustive
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
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9. APPENDIX
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10. DISCLAIMER
Brazil Furniture Industry Segmentation
A complete background analysis of the Brazilian furniture industry, which includes a qualitative and quantitative assessment of the market, emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. The report also covers the competitive landscape of the market, which provides details about the key players present in the market.
| By Material | |
| Wood | |
| Metal | |
| Plastic and Other Furniture |
| By Application | |
| Home Furniture | |
| Office Furniture | |
| Hospitality Furniture | |
| Other Furniture |
| By Distribution Channel | |
| Supermarkets and Hypermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Brazil Furniture Market Research FAQs
What is the current Brazil Furniture Market size?
The Brazil Furniture Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in Brazil Furniture Market?
Bartira, Techno Mobili, Dalla Costa, BRV Furniture and Politorno are the major companies operating in the Brazil Furniture Market.
What years does this Brazil Furniture Market cover?
The report covers the Brazil Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Furniture Industry Report
Statistics for the 2024 Brazil Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
