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Market Overview
According to Fortune Business Insights, the global side table market was valued at USD 13.12 billion in 2024 and is projected to reach USD 19.03 billion by 2032, growing at a CAGR of 4.88% during the forecast period. The increasing demand for functional, stylish, and space-saving furniture is significantly driving market growth. Asia Pacific dominated the global market in 2024, holding a 47.79% market share, while the U.S. side table market is expected to reach USD 3.51 billion by 2032, driven by the rising preference for high-quality home furnishings.
What is a Side Table?
A side table is a compact, multipurpose furniture piece used across living spaces such as bedrooms, living rooms, and offices. It comes in various shapes—round, square, rectangular—and is built from materials like wood, metal, glass, and composites. Side tables enhance interior aesthetics while offering storage and utility, making them increasingly popular among modern homeowners.
Key Players in the Side Table Market
Steelcase Inc. (U.S.)
MillerKnoll, Inc. (U.S.)
Ashley Furniture Industries, Inc. (U.S.)
GLOBAL FURNITURE USA (U.S.)
KOKUYO Co., Ltd. (Japan)
Ethan Allen Global, Inc. (U.S.)
Godrej & Boyce Mfg. Co. Ltd. (India)
B&B ITALIA SPA (Italy)
Sunpan Trading & Importing, Inc. (Canada)
CB2 (U.S.)
Pepperfry Limited (India)
IKEA (Sweden)
HNI Corporation (U.S.)
Natuzzi S.p.A. (Italy)
Dorel Industries Inc. (Canada)
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Key Market Trends
Modern and Custom Furniture Designs
Consumers are leaning toward sleek, minimalist, and contemporary furniture that complements modern interiors. Side tables with clean lines, compact dimensions, and custom finishes are gaining traction. The ability to personalize tables based on material, color, and functionality enhances their appeal.
Luxury & Multifunctionality
High-end buyers are favoring luxury side tables with unique textures and finishes. In addition, multifunctional designs—such as side tables with drawers, hidden compartments, and tech integrations like wireless charging—are expanding the market's scope and appeal.
Home Décor Influence
Influences from social media, interior design shows, and online furniture stores have elevated consumer expectations. As per the 2022 Remodeling Impact Report by the National Association of Realtors, 30% of respondents indicated that improving worn-out surfaces and materials is a key home improvement motivator, indirectly driving demand for new furniture like side tables.
Market Growth Drivers
Surging Demand for Home Furnishings: Increased homeownership, urbanization, and real estate growth are driving furniture needs.
E-commerce Expansion: Enhanced virtual showrooms and online shopping experiences are making stylish furniture more accessible globally.
Growing Interest in Interior Design: Consumers are investing in premium, stylish, and durable furniture as part of long-term home décor planning.
Restraints
Fluctuating Raw Material Prices
Volatility in the prices of materials such as wood, metal, and glass affects manufacturing costs. As a result, retail prices can increase, potentially impacting consumer demand—especially in price-sensitive markets.
Segmentation Analysis
By Material
Wood: Dominates the market due to its aesthetic appeal, natural texture, and durability.
Metal, Glass, Plastic, Others: Growing in demand due to their versatility, lightweight nature, and modern designs.
By Application
Residential: Leading segment driven by demand for home décor, personalization, and compact living solutions.
Commercial: Growing segment as stylish and functional furniture enhances commercial interiors, branding, and guest experience.
Regional Insights
Asia Pacific – USD 6.27 Billion (2024)
The region leads the market due to:
High urbanization and real estate development
Strong manufacturing capabilities in countries like China, Vietnam, and Malaysia
Competitive pricing and access to raw materials
According to CNFA, China’s furniture manufacturers recorded USD 24.09 billion in Q1 2022, showcasing their strong presence in the global supply chain.
North America
Led by the U.S., North America has a high homeownership rate and robust demand for designer furniture. The launch of Coco Republic’s U.S. online store in July 2023 is a testament to market attractiveness.
Europe
Rising disposable incomes and lifestyle changes are pushing home renovation and furniture upgrades. The U.K.'s disposable personal income rose significantly in Q4 2023, driving premium furniture sales.
South America & Middle East & Africa
Growth is fueled by:
Booming hospitality and tourism sectors
Rising investments in interior decor for hotels, cafes, and offices
Diverse retail channels including both traditional stores and online platforms
Read Full Repot: https://www.fortunebusinessinsights.com/side-table-market-110179
Recent Industry Developments
Feb 2023: Steelcase launched the Racine Collection in partnership with the Frank Lloyd Wright Foundation.
Sep 2022: Tidelli introduced a Rio-inspired side table collection in Peru.
Jul 2021: IMM Private Equity acquired Hanssem Co., expanding into premium home furnishings.
Jun 2021: Alsorg launched high-end side tables in the Indian market with innovative craftsmanship.
Mar 2021: Plüsch launched natural material-based side tables in Germany targeting luxury buyers.
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