Living Room Furniture - Argentina

Argentina

In Argentina, the revenue generated in the Living Room Furniture market in 2024 amounts to €1.55bn.
It is projected to experience an annual growth rate of 1.38% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching €67,070m in 2024.
Considering the population figures, in Argentina, the per person revenue generated in the Living Room Furniture market in 2024 is €33.70.
The demand for traditional, handcrafted wooden living room furniture is on the rise in Argentina, reflecting the country's rich cultural heritage and appreciation for craftsmanship.

Key regions: China, Germany, Brazil, France, United States

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Living Room Furniture market in Argentina is experiencing steady growth and development. Customer preferences in the Living Room Furniture market in Argentina are driven by a desire for comfort, style, and functionality. Argentinian consumers are increasingly looking for furniture pieces that not only provide a comfortable seating experience but also enhance the aesthetic appeal of their living spaces. Additionally, there is a growing demand for multi-functional furniture that can be easily adapted to different living room layouts and accommodate various activities such as lounging, entertaining, and working from home. Trends in the market reflect a shift towards modern and minimalist designs. Argentinian consumers are increasingly gravitating towards sleek and contemporary furniture styles that create a sense of openness and simplicity in their living rooms. This trend is driven by a desire for a clean and uncluttered living space, as well as the influence of global design trends. Additionally, there is a growing interest in sustainable and eco-friendly furniture options, with consumers seeking out products made from recycled materials or produced using environmentally friendly manufacturing processes. Local special circumstances in Argentina contribute to the development of the Living Room Furniture market. The country has a rich cultural heritage, and this is reflected in the demand for furniture pieces that showcase traditional craftsmanship and design elements. Argentinian consumers often seek out furniture that is locally made and incorporates traditional materials and techniques. This preference for locally sourced and crafted furniture creates opportunities for local artisans and manufacturers to thrive in the market. Underlying macroeconomic factors also play a role in the development of the Living Room Furniture market in Argentina. The country has experienced periods of economic instability in recent years, which has impacted consumer spending habits. However, as the economy stabilizes and disposable incomes increase, consumers are more willing to invest in high-quality living room furniture that meets their preferences and needs. Additionally, the growth of e-commerce in Argentina has made it easier for consumers to access a wide range of furniture options, contributing to the overall growth of the market. In conclusion, the Living Room Furniture market in Argentina is developing in response to

Customer preferences: for comfort, style, and functionality. The market is characterized by a shift towards modern and minimalist designs, as well as a growing interest in sustainable and locally sourced furniture.

Local special circumstances: such as a preference for traditional craftsmanship, further contribute to the development of the market. Overall, the market is expected to continue growing as the economy stabilizes and consumer spending increases.

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 categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.