Top 10 Global Furniture Manufacturers

The global furniture market is constantly changing and working hard to present products that will appeal to a wide range of consumers and lifestyles. The industry is expanding as a result of a number of factors, including changing lifestyles, consumer spending, altering urban environments, and other economic factors. The expanding customer needs and behaviors across different geographies are other elements that are equally contributing to market growth.

The United States has one of the largest furniture markets in the world, with a strong E-Commerce market environment that includes both significant domestic furniture makers and top international furniture producers. Together, they produce and sell some of the top furniture items for both domestic and industrial settings.

That by 2026, the global market for furniture will have grown at a CAGR of about 5.3% and will be worth USD 571.69 billion.

Following is a brief discussion of the top 10 furniture producers:

Ashley Furniture Industries:

Ashley Furniture Industries, Inc. is a U.S.-based manufacturer, distributor, and retailer of home furnishings. The company has several subsidiaries, including Ashley Global Retail that primarily focuses on marketing, distribution, sales, and e-commerce of the products and Ashley Home Store, ltd., that mainly manages all the supply and distribution of products manufactured by their parent company. Ashley Furniture Industries reported revenues of over USD 500 million in 2018.

HNI — U.S. based Company:

The U.S.-based HNI is the world’s second-largest furniture company and one of the leading furniture manufacturers in the United States, in terms of office furniture sales. The company’s product portfolio comprises a wide range of office furnishing products, workspace accessories, and hearth products. HNI is a parent company for many of its subsidiaries, such as HNI International Inc., HNI Services LLC, HTI Hungary LLC, The HON Company, HNI Asia LLC, Holga Inc., and HFM Partners.

In 2018, the company announced its partnership plans with Nowy Styl Group, one of the leaders in office furnishings. The partnership will allow both the companies to create a homogeneous service and support for clients across international markets.

IKEA — Furniture Retail Company:

IKEA is a leader among the top 10 furniture manufacturers globally and is renowned for its furnishings and home décor products. IKEA’s product portfolio includes a wide range of furnishing and home décor products such as bedding, flooring, outdoor furniture, decoration material, mirrors, lighting, kitchen cabinets and appliances, and clothes storage cabinets. The company sells its products through online stores and brick-and-mortar stores comprising of 1,002 home furnishing suppliers with its presence in 51 countries.

IKEA’s retail business recorded USD 42.05 billion in revenue in FY2018, with a 4.5% increase in sales. By 2025, the company aims to expand its reach and interact with 3 billion people.

Steelcase — US company:

Founded in 1912, Steelcase remains to be one of the oldest and largest furniture companies in the U.S., specializing in the design, manufacture, distribution, and sales of furniture settings, interior architectural products, and the latest technology solutions. The company operates through three product segments — Systems and Storage, Seating and Others (including textiles and surface materials, tools, tech solutions), and Uncategorized Product Lines and Services.

Since 2017, Steelcase and Microsoft have been working together on Creative Spaces — an interdependent ecosystem of office workspaces — to empower individuals and teams to do their best work. They have even co-developed the Steelcase Roam, a mobile stand and wall mounting system that allows groups and individuals to work together anywhere. Steelcase recorded USD 3.4 billion in revenue in FY2019, up from USD 3.1 billion in FY2018.

Williams-Sonoma:

Home furnishings and kitchenware are the major products sold by Williams-Sonoma, Inc., a publicly traded consumer goods store with headquarters in the United States. The business runs its operations through its retail locations, which can be found in the US, Puerto Rico, Australia, Canada, and the UK. In order to increase its footprint in the developing Indian market, the company announced its cooperation plans with Reliance Industries Limited in 2018. In FY2019, the company reported revenues of USD 5.84 billion. One of the most well-known leading furniture producers worldwide is Williams-Sonoma.

Rooms To Go: Based in the United States, Rooms To Go is a chain of furniture stores that sells a variety of home furnishings, such as living room sets, sleepers, loveseats, sofas, chairs, table sets, recliners, ottomans, chaises, and home entertainment items. By delivering carefully thought-out hotel packages, the company combined Google Analytics Premium with BigQuery in 2014 to give customers a seamless purchasing experience.

With a remarkable USD 69 million investment in Wilson County in 2019, Rooms To Go built a new warehouse and retail outlet shop, adding more than 200 jobs and strengthening its position in Middle Tennessee.

Herman Miller:

Herman Miller is one of the leading office furniture manufacturers and suppliers in the United States. The company specializes in the design, manufacture, and sales of a wide range of furniture systems, textiles, and seating products in the U.S. and across the world. Herman Miller sells its office furnishings and accessories through third-party retail distributors.

In February 2020, Herman Miller announced it’s partnering with tech company Logitech to manufacture a range of furniture for ‘high-performance’ gamers, thereby making a mark in the ever-growing P.C. gaming industry. In FY2019, the company’s sales accounted for a whopping USD 2.57 billion, for the fourth consecutive year.

TJX — U.S. based Company:

TJX is a U.S.-based furniture manufacturer that also sells clothing, footwear, gourmet food, beauty products, and housewares. TJX was formed as a subsidiary of Zayre Corp. in 1987 and became the latter’s legal successor. The company’s retail channels comprise of more than 3,800 stores spanning 43 states. The company recorded sales of more than USD 39 billion for the fiscal year 2019.

Okamura — Japanese Company:

Okamura is a Japanese manufacturer of industrial goods that specializes in producing and marketing high-quality steel furniture, as well as industrial tools and equipment, such as workstations, tables, seats, and accessories. Okamura’s office furniture company reported sales of USD 1.21 billion for the fiscal year 2019, an increase of 4.7% year over year.

9to5 Seating

To suit the increasing demands of today’s workplace environments, 9to5 Seating, a U.S.-based furniture manufacturer, designs and manufactures ergonomic office seating. A broad range of designer products, including Link, Bella, Agent, Cydia, Aria, and Axis, are included in the company’s product portfolio. The leading provider of office furniture, Flokk Group, purchased 9to5 Seating in November 2019.