Home furnishings in South Korea is expected to grow well during the forecast in line with socio-demographic and lifestyle shifts. Ongoing urbanisation and the construction of high-rise apartment complexes in major cities, such as Seoul, Busan, and Incheon, is likely to sustain demand for compact and modular furniture suited to smaller living spaces.
Indoor living furniture in South Korea is expected to grow moderately over the forecast period as urban apartments continue to function as multifunctional spaces for living, working, and entertaining. Demand for modular sofas, storage-integrated furniture, and convertible items like sofa beds and expandable tables will gain traction.
In 2024, Hanssem Co Ltd introduced its new modular sofas, featuring customisable layouts, built-in storage, and durable, easy-to-clean materials. These are likely to resonate with younger consumers and small families living in compact apartments.
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Understand the latest market trends and future growth opportunities for the Home Furnishings industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See all of our definitionsThis report originates from Passport, our Home Furnishings research and analysis database.
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