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IMARC Group's report titled "South Korea Furniture Market Report by Material (Metal, Wood, Plastic, Glass, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Region 2024-2032". South Korea furniture market size is projected to exhibit a growth rate (CAGR) of 3.60% during 2024-2032.
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The South Korea furniture market is experiencing growth due to expanding urbanization and a growing preference for modern, flexible furniture. Furthermore, a significant trend in this market is the increased desire for space-saving and adaptable furniture solutions, particularly among urban inhabitants living in cramped apartments. Besides this, consumers are increasingly seeking furniture that maximizes space utilization and offers flexibility, such as modular sofas, extendable dining tables, and multifunctional storage units, further bolstering the market. Moreover, e-commerce channels are offering competitive pricing, convenience, and a variety of options, driving higher sales and market expansion.
The South Korea furniture market is further pushed by the growing emphasis on sustainability and eco-friendly items. In addition to this, the growing environmental awareness among consumers is prioritizing furniture made from sustainable materials and produced through environmentally responsible processes, which is acting as another growth-inducing factor. This shift is encouraging manufacturers to adopt green practices and offer eco-friendly furniture options, such as items made from recycled materials or sustainably sourced wood. Furthermore, the trend towards health and wellness is influencing furniture design, with a greater emphasis on ergonomics and comfort to support healthy lifestyles, which is positively impacting the market. The COVID-19 pandemic has also impacted the market, with a surge in demand for home office furniture as remote working becomes more prevalent, which is anticipated to drive the South Korea furniture market over the forecasted period.
South Korea Furniture Market Report Segmentation:
Material Insights:
Distribution Channel Insights:
End Use Insights:
Regional Insights:
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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