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. Read More

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. Read More

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 Read More

Indonesia Furniture Market Size

Market Size of Indonesia Furniture Industry

Indonesia Furniture Market (2024 - 2029)

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 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

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Indonesia Furniture Market Size Summary

The Indonesian furniture market is poised for significant growth, driven by its status as a leading global manufacturer and exporter. The industry is characterized by a high level of segmentation and competition, with teak and rattan products being particularly sought after in both domestic and international markets. Recognized as a priority sector due to its labor-intensive nature, the Indonesian government is actively working to boost furniture export values, which is expected to further propel the industry. The market's expansion is supported by strong governmental backing and a favorable economic landscape, positioning Indonesian manufacturers to enhance their export performance. The Covid-19 pandemic has also played a role in reshaping the industry, with a notable increase in exports during the early months of 2020 and a shift towards digitalization and automation in response to changing consumer behaviors.

The burgeoning tourism sector in Indonesia, especially in regions like Bali, has significantly contributed to the demand for furniture, particularly in the hospitality industry. The rise in foreign tourist arrivals and the subsequent expansion of hotels and resorts have driven the need for luxurious furniture, thereby augmenting market revenues. Economic growth and increasing household incomes have further fueled consumer spending on furniture, with a notable rise in demand for bedroom furnishings. The market is dominated by major international players, yet technological advancements and product innovations are enabling mid-size and smaller companies to expand their presence. The industry continues to utilize a mix of local and international raw materials, including traditional rattan and premium woods like teak and mahogany, to meet diverse consumer needs.

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Indonesia Furniture Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Value Chain Analysis
5. 1.5 Porter's Five Forces Analysis
  1. 1.5.1 Threat of New Entrants
  2. 1.5.2 Bargaining Power of Buyers
  3. 1.5.3 Bargaining Power of Suppliers
  4. 1.5.4 Threat of Substitutes
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Insights on Impact of Technology and Innovation in the Market
7. 1.7 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 Material
  1. 2.1.1 Wood
  2. 2.1.2 Metal
  3. 2.1.3 Plastic
  4. 2.1.4 Other Materials
2. 2.2 Application
  1. 2.2.1 Home Furniture
  2. 2.2.2 Office Furniture
  3. 2.2.3 Hospitality
  4. 2.2.4 Other Furniture
3. 2.3 Distribution Channel
  1. 2.3.1 Supermarkets
  2. 2.3.2 Specialty Stores
  3. 2.3.3 Online
  4. 2.3.4 Other Distribution Channels