The furniture industry in Philippines is highly competitive owing to large number of companies, both domestic and international, offering furniture products at competitive prices with limited variations in design and aesthetics.

1. The Philippines Furniture Market is Expected to Grow at
a CAGR of 15% during 2016-2021: Ken Research

2. Philippines Furniture Market by end users (home, office, hotels and
industrial),by organized and unorganized, by cities (Cebu, Davao,
Quezon, Manila, Bacolod ad others), by home furniture market
Product Categories (Bedroom, Living Room, Dining Room, Kitchen
and Others), by Living Room furniture (Sofa, Sofa cum bed,
Television, Coffee Table and Center Table), by Bedroom furniture
(Bed, Wardrobe, Dressing Table and Others), online furniture
market, children furniture, mattress market by size of mattress

3. ( King, Queen, Single), by type of mattress (Spring, Foam and others),
by market structure (Organized and unorganized), by urban and rural
Demand, by Market share of Major companies (Our Home, Furniture
Republic, Home Plus, Mandaue Foam, Philux, Blims Furniture, Murillo,
and others)
The number of households in Philippines is projected to rise from
23.5 million in 2016 to 26.5 million by 2021, representing growth at a
CAGR of 2.5% during the period 2016-2021. The residential sector
generated most of the demand for furniture products in the country.
The government of Philippines aims to be the global design hub for
furniture products using sustainable materials by 2030. Through the
efforts of the Chamber of Furniture Industries in the Philippines (CFIP)
and the Cebu Furniture Industries Foundation (CFIF), the industry
expects to make a global mark through the sustainable production of
sophisticated, sturdy and environmentally friendly products.

4. The Board of Investments (BOI) of Philippines agreed to provide
incentive of PHP 9.13 million furniture export project in Mandaue
City, which is expected to boost the country’s positioning as a global
hub for furniture. The project, under Maison Galuchat Inc, is
expected to manufacture furniture and accessories and export all of
them to countries in Asia, Europe and the US. The company intends
to initially employ about 50 craftsmen and gradually expand it to
120 by 2022.
Middle class households in the country accounted for approximately
45.0% of overall population of the country and accounted for
approximately 66.0% of the country’s household income in 2016.
The construction of more condominiums and residential houses in
the country is expected to drive the growth of the industry in the
coming years. The property sector’s strong growth and families’
easier access to housing credit will also increase demand for
household items and furniture products in the near future.

5. The diversification of furniture is also marked by the shift from the
production of low-end furniture to the medium and high-end lines. This
means emphasis on quality, design and material rather than on mass
production of pieces. This is attributed primarily to growing competition
globally.
It has been observed that Furniture manufacturing in Philippines is
limited to clusters in Metro Manila, Pampanga and Cebu, while most of
the retail sales are still restricted to the regions in Cebu, Davao and
Quezon. There are multiple regions that are yet to be catered and
tapped by the organized furniture market players operating in
Philippines.
Ken Research in its latest study, “Philippines Furniture Market by Type
(Home – Bed Room, Living Room, Dining Room, Kitchen Furniture;
Office; Hotel & Industrial), by Sales (Domestic and Export) - Outlook to
2021” suggests that the increasing demand for bedroom furniture by

6. the growing residential sector in Philippines is projected to be the
highest revenue generating segment in the home furniture market.
The anticipated rise in number of housing units and middle class
population will drive the sales of bed frames, wardrobes, dressing
table and other furniture, which are a part of bedroom set. Rise in
number of online market players catering to the demand for wooden
products and accessories are also estimated to stimulate the market
revenues in a positive manner.
The report provides information on market size of the Philippines
Furniture market, market segmentation on the basis of Organized
and Unorganized market, end users and by cities which is sub
categorized into home furniture market segmentation.
Key Data Points Covered in the Report:
Home Furniture Sales Manila
Center Table Sales Philippines

7. Dining Room Furniture Philippines
Mandaue Foam Furniture Philippines
Our Home Furniture Sales Philippines
Philippine Furniture Market Size
Cebu Sales Furniture Philippines
For more information on the market research report please refer to
the below link:
https://www.kenresearch.com/consumer-products-and-
retail/home-and-office-furnishings/philippines-home-furniture-
market/142263-95.html
Related Report by Ken Research
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https://www.kenresearch.com/consumer-products-and-
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204