The ‘Brazil Furniture Market Size, Share, Price, Analysis, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Brazil furniture market, assessing the market on the basis of its segments like types, end uses, and distribution channels.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Brazil Furniture Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Nearly USD 17.9 Billion
• Forecast CAGR (2023-2028): 4.20%
• Forecast Market Size (2028): Around USD 22.8 Billion
There is a surging demand for office furniture in Brazil due to rapid urbanisation and industrialisation, the increasing working population, and the expansion of corporate offices in the country. Office furniture plays a crucial role in improving the professional environment and surging the productivity of employees.
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In Brazil, the demand for wood furniture is significantly increasing on account of its sustainability, durability, and versatility. It is also resilient, low maintenance, and can enhance the sophistication and elegance of a space. Thus, such benefits are boosting its utilisation in household and commercial applications in Brazil.
In addition to this, the robust supply chain of wooden furniture, surging investments to enhance wood production, and the increasing attempts to develop innovative pieces of wood furniture are expected to aid the overall Brazil furniture market growth in the coming years.
Brazil Furniture Industry Definition and Major Segments
Furniture refers to objects that are aimed at providing comfort to occupants while enhancing living suitability in a commercial or residential space. It can be typically made from different types of materials, including plastic and wood, among others. Some examples of furniture include chairs, tables, cupboards, and beds, among others.
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The market, on the basis of type, is categorised into:
Based on end use, the market is divided into:
By distribution channel, the market is segmented into:
- Home Centres
- Flagship Stores
- Speciality Stores
Brazil Furniture Market Trends
One of the most significant Brazil furniture market drivers include the robust growth of the e-commerce sector, fuelled by surging internet penetration and rising smartphone ownership. E-commerce platforms offer a wide range of furniture, provide personalised shopping, and enhance the convenience and ease of shopping of users, which is bolstering furniture sales from such platforms.
The emerging middle-class population with high disposable incomes in the region is driving the demand for high-quality living room and bedroom furniture. The rising awareness regarding the importance of furniture in home décor is further fuelling the market demand.
Furthermore, the market is being aided by the expanding commercial sector, which is boosting the demand for visually-appealing furniture in malls, shopping centres, hotels, and restaurants, among others.
Key Market Players
The major players in the Brazil furniture market report are
- Lojas Renner SA
- Grupo Sierra
- Via Varejo Group
- RTA Products, LLC
- Dalla Costa Ltda
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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