Furniture - Colombia

  • Colombia
  • In 2024, the revenue in the Furniture market in Colombia amounts to €2.82bn.
  • It is projected to grow annually by 1.85% (CAGR 2024-2029).
  • The largest segment in the market is the Living Room Furniture segment, which has a market volume of €1.06bn in 2024.
  • When compared globally, United States generates the most revenue in the Furniture market, with €244bn in 2024.
  • In terms of per person revenues, in Colombia generates €53.91 in 2024.
  • This indicates the amount of revenue generated per individual in relation to the total population figures.
  • Colombia's furniture market is experiencing a surge in demand for eco-friendly and sustainable products.

Key regions: Worldwide, United States, China, India, Germany

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

Colombia, a country known for its vibrant culture and stunning landscapes, is also experiencing a significant growth in its furniture market. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this development.

Customer preferences:
in Colombia are shifting towards modern and stylish furniture designs. Consumers are increasingly seeking furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This preference for contemporary designs is driven by the global trend of urbanization and the desire for more modern living spaces. Additionally, Colombian consumers are becoming more conscious of the environmental impact of their purchases, leading to a growing demand for sustainable and eco-friendly furniture options.

Trends in the market:
reflect the changing preferences of Colombian consumers. The furniture market in Colombia is witnessing a rise in the popularity of online shopping. With the increasing availability of internet access and the convenience it offers, more consumers are turning to online platforms to purchase furniture. This trend is further fueled by the covid-19 pandemic, which has accelerated the adoption of e-commerce across various industries.

Local special circumstances:
also contribute to the development of the furniture market in Colombia. The country's growing middle class and rising disposable incomes have resulted in increased spending on home furnishings. Additionally, the government's efforts to promote domestic manufacturing and reduce dependence on imports have created opportunities for local furniture manufacturers. This has led to the emergence of a vibrant domestic furniture industry, offering a wide range of products to cater to different consumer preferences.

Underlying macroeconomic factors:
play a crucial role in the growth of the furniture market in Colombia. The country's stable economic conditions, coupled with favorable demographic trends such as population growth and urbanization, provide a conducive environment for the furniture industry to thrive. Moreover, the government's investment in infrastructure development and housing projects further stimulate demand for furniture. In conclusion, the furniture market in Colombia is experiencing significant growth driven by evolving customer preferences, online shopping trends, local special circumstances, and underlying macroeconomic factors. As the country continues to develop and its middle class expands, the demand for modern and sustainable furniture is expected to continue rising. This presents opportunities for both domestic and international furniture manufacturers to capitalize on the growing market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Sales Channels
  • Key Players
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Veuillez patienter

Contact

Des questions ? Nous nous ferons un plaisir de vous aider.
Statista Locations
Contact Temitope Ifekoya
Temitope Ifekoya
Customer Relations

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (États-Unis)

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asie)

Lun - Ven, 9:00 - 17:00 h (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asie)

Lun - Ven, 10:00 - 18:00 h (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Lun - Ven, 9:00 - 18:00 h (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Amérique latine)

Lun - Ven, 9:00 - 18:00 h (EST)