Indonesia Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.49 Billion |
| Market Size (2029) | USD 10.25 Billion |
| CAGR (2024 - 2029) | 6.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indonesia Furniture Market Analysis
The Indonesia Furniture Market size is estimated at USD 7.49 billion in 2024, and is expected to reach USD 10.25 billion by 2029, at a CAGR of 6.46% during the forecast period (2024-2029).
Indonesia has long been one of the world's leading furniture manufacturers. As one of the world's fastest-growing furniture manufacturers and most popular furniture exporters, Indonesia's furniture market is highly segmented and competitive. Its teak furniture and rattan furniture products are in high demand in local and international markets. Indonesia's Furniture industry has been designated as a priority sector for the country due to being a labor-intensive industry. The Indonesian government has set a target to increase the country's furniture export value which will drive the furniture industry in Indonesia. With strong government support and a positive market landscape, Indonesian furniture manufacturers are expected to increase their export values soon.
During the Covid-19 pandemic, exports of furniture products from January to May 2020 increased significantly by 51.3 percent compared to the same period last year. This increase certainly gave fresh air to the performance of national exports. Furniture exports from Indonesia to the US in January-May 2020 were recorded at USD 582.11 million. This figure increased by 51.3 percent compared to the previous year's period, which was recorded at USD 384.82 million. The impact of the Covid-19 crisis on consumer behavior and manufacturing trends has heightened the importance of digitalization and automation for the furniture industry. The pandemic is strengthening consumer demand for socially active brands that share their values and for products that respect the environment.
Indonesia Furniture Market Trends
Growing Tourism in Indonesia is Driving the Market
Tourism in Indonesia is an essential component of the Indonesian economy and a significant source of its foreign exchange revenues. The demand for the furniture was also augmented due to the growing tourism in various regions of Indonesia, where the setting up of hotels and resorts in Bali was among the major market drivers. The increasing hospitality sector due to expanding tourism in Indonesia is expected to augment the furniture market revenues due to the rising demand for luxurious furniture by hotels set up in the country. Foreign tourist arrivals in Indonesia jumped 364.31 percent to 678.5 thousand in October 2022, boosted by further easing of COVID-19 restrictions and intense preparation for the G20 summit in November.
Growing Demand for Bedroom Furniture
The furniture industry in Indonesia has long been one of the world's largest in terms of furniture manufacturing and furniture exporting. The furniture in this bedroom furniture market segment ranges from beds with mattresses of different shapes and sizes to clothes closets, nightstands, and dressers. Economic growth and rising household incomes are a few factors encouraging users to spend on commodities, including furniture, increasing the demand for bedroom furniture in recent years. Furniture market players operating in the country used both locally and internationally available raw materials, including traditional rattan and high-quality teak, mahogany, and redwood.
Indonesia Furniture Industry Overview
The report covers major international players operating in the Indonesian furniture market. Regarding market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Indonesia Furniture Market Leaders
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Raisa House of Excellence
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VIVERE
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Chitose Internasional
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Lio Collection
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IKEA Indonesia
*Disclaimer: Major Players sorted in no particular order
Indonesia Furniture Market News
- January 2022: Indonesia approved a $6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison.
- October 2022: Indonesian furniture retailer Febelio has declared bankruptcy.
Indonesia Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Impact of Technology and Innovation in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 Application
5.2.1 Home Furniture
5.2.2 Office Furniture
5.2.3 Hospitality
5.2.4 Other Furniture
5.3 Distribution Channel
5.3.1 Supermarkets
5.3.2 Specialty Stores
5.3.3 Online
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Raisa House of Excellence
6.2.2 VIVERE
6.2.3 Chitose Internasional
6.2.4 Lio Collection
6.2.5 Republic Furniture Group
6.2.6 Informa Furnishings
6.2.7 Wisanka
6.2.8 IKEA
6.2.9 Gema Grahasarana Tbk*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Indonesia Furniture Industry Segmentation
Furniture are movable articles used in a room or space suitable for working and living. The scope includes furniture used in residential, commercial, hospitality, and other applications. Indonesia Furniture Market is Segmented by Material (Wood, Metal, Plastic and Other Materials), by Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture) and by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the Indonesia Furniture Market in Value (USD Billion) for all the above Segments.
| Material | |
| Wood | |
| Metal | |
| Plastic | |
| Other Materials |
| Application | |
| Home Furniture | |
| Office Furniture | |
| Hospitality | |
| Other Furniture |
| Distribution Channel | |
| Supermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Indonesia Furniture Market Research FAQs
How big is the Indonesia Furniture Market?
The Indonesia Furniture Market size is expected to reach USD 7.49 billion in 2024 and grow at a CAGR of 6.46% to reach USD 10.25 billion by 2029.
What is the current Indonesia Furniture Market size?
In 2024, the Indonesia Furniture Market size is expected to reach USD 7.49 billion.
Who are the key players in Indonesia Furniture Market?
Raisa House of Excellence, VIVERE, Chitose Internasional, Lio Collection and IKEA Indonesia are the major companies operating in the Indonesia Furniture Market.
What years does this Indonesia Furniture Market cover, and what was the market size in 2023?
In 2023, the Indonesia Furniture Market size was estimated at USD 7.01 billion. The report covers the Indonesia Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key trends in the Indonesian Furniture Market?
The key trends in the Indonesian Furniture Market are a) Rise of online furniture retail driven by increasing smartphone and internet penetration b) Growing popularity of minimalist and Scandinavian-inspired furniture designs c) Increasing demand for space-saving furniture solutions for smaller living spaces
Indonesia Furniture Industry Report
The Indonesia furniture market is poised for significant growth, driven by rapid urbanization, evolving customer preferences, and emerging trends. The furniture market in Indonesia is segmented into residential and commercial types, with delivery modes split between offline and online channels. Key drivers include the increasing urban population, which boosts demand for both residential and commercial furniture, and a rising preference for eco-friendly and sustainable products. Trends such as the popularity of minimalist and Scandinavian-inspired designs, along with the convenience of online retail, are shaping the furniture market in Indonesia. Additionally, Indonesia's rich cultural heritage and craftsmanship traditions contribute to the unique appeal of its furniture offerings. However, challenges such as unstable raw material prices pose potential obstacles for the Indonesia furniture industry.
The market's growth is further supported by macroeconomic factors like population growth, urbanization, and rising disposable incomes, which collectively enhance the demand for innovative and high-quality furniture solutions from Indonesia furniture manufacturers. Statistics for the Indonesia furniture market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports, provide a comprehensive market forecast outlook and historical overview.
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