
United States Furniture Market Report and Forecast 2024-2032
Description
United States Furniture Market Report and Forecast 2024-2032
United States Furniture Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States furniture market size reached a value of USD 37.28 billion in 2023. Aided by the burgeoning demand for home furnishings driven by increasing residential construction and a robust shift toward home office setups, the market is projected to further grow at a CAGR of 3.1% between 2024 and 2032 to reach a value of USD 49.41 billion by 2032.
Furniture in the United States encompasses a wide range of products designed for residential, office, and commercial spaces, including sofas, beds, desks, and various other furnishing essentials. This sector is crucial not only for its economic impact but also for its role in the everyday lives of consumers, enhancing comfort, functionality, and the aesthetic appeal of living spaces.
The United States furniture market growth is primarily fuelled by the evolving consumer lifestyles and the increasing inclination towards aesthetically pleasing and functional furniture. This trend is supported by rising incomes and the proliferation of single-family homes, which typically require more furniture per household compared to multi-family units.
The surge in remote working trends, particularly highlighted by the recent shifts due to the COVID-19 pandemic, has significantly driven the demand for home office furniture. As per the United States furniture market analysis, this segment has seen a notable increase in demand for ergonomic chairs, desks, and storage solutions as consumers seek to create comfortable and productive work environments at home.
Moreover, the real estate market's rebound, with a focus on residential construction, renovation, and remodelling activities, continues to be a significant driver for the furniture market. The desire for customised and premium furniture pieces among new homeowners is also contributing to the United States furniture market expansion.
There is an increasing consumer demand for sustainable and environmentally friendly furniture. This trend is driven by greater awareness of environmental issues and a growing consumer preference for products made from renewable resources, recycled materials, or sourced through sustainable practices. Furniture manufacturers are responding by using certified sustainable wood, non-toxic finishes, and recycled materials such as plastic and metal. As per the United States furniture market outlook, there is a focus on producing durable products that offer longevity, reducing the need for frequent replacements and thereby minimising waste.
As urban living spaces become smaller, there is a growing need for multipurpose and space-saving furniture. Consumers are looking for furniture that is not only stylish but also functional and efficient in utilising space. Examples include beds with storage compartments, expandable dining tables, and convertible sofas. This trend is especially relevant in urban areas, where living spaces are often limited.
Consumers in the furniture market in the United States are increasingly seeking furniture that can be customised to their tastes and needs. This includes options for selecting materials, finishes, and sizes. The desire for personalised furniture is particularly prominent among Millennials and Generation Z consumers, who value individuality and personal expression in their living spaces. Furniture companies are leveraging technology such as augmented reality (AR) to help consumers visualize how customised pieces would look in their homes before making a purchase.
Looking ahead, the United States furniture market share is set to continue its growth trajectory. The ongoing trends of home personalisation and increased spending on home décor are expected to drive the market. Furthermore, technological advancements such as the integration of smart technology in furniture and the growing popularity of multi-functional furniture are anticipated to offer new opportunities for growth.
Market Segmentation
The market can be divided based on material, product, application, distribution channel, and region.
Market Breakup by Material
- Metal
- Wood
- Plastic
- Glass
- Others
- Beds
- Tables and Desks
- Chairs and Stools
- Cabinet and Shelves
- Sofa and Couch
- Others
- Residential
- Commercial
- Home Centres
- Flagships Stores
- Speciality Stores
- Online
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States furniture market. Some of the major players explored in the report by Expert Market Research are as follows:
- MillerKnoll Inc. (Herman Miller)
- Steelcase Inc.
- La-Z-Boy Incorporated
- Haworth Inc.
- Ashley Furniture Industries, LLC
- Kimball International Inc.
- Okamura Corporation
- Inter IKEA Systems B.V.
- Williams-Sonoma Inc.
- American Signature, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
190 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 North America Furniture Market Overview
- 8.1 Key Industry Highlights
- 8.2 North America Furniture Historical Market (2018-2023)
- 8.3 North America Furniture Market Forecast (2024-2032)
- 8.4 North America Furniture Market Breakup by Region
- 8.4.1 United States
- 8.4.2 Canada
- 9 United States Furniture Market Overview
- 9.1 Key Industry Highlights
- 9.2 United States Furniture Historical Market (2018-2023)
- 9.3 United States Furniture Market Forecast (2024-2032)
- 10 United States Furniture Market by Material
- 10.1 Metal
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Wood
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 Plastic
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Glass
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 United States Furniture Market by Product
- 11.1 Beds
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Tables and Desks
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 Chairs and Stools
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 Cabinet and Shelves
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Sofa and Couch
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 United States Furniture Market by Application
- 12.1 Residential
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Commercial
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 13 United States Furniture Market by Distribution Channel
- 13.1 Home Centres
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 Flagships Stores
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Speciality Stores
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 Online
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 14 United States Furniture Market by Region
- 14.1 New England
- 14.1.1 Historical Trend (2018-2023)
- 14.1.2 Forecast Trend (2024-2032)
- 14.2 Mideast
- 14.2.1 Historical Trend (2018-2023)
- 14.2.2 Forecast Trend (2024-2032)
- 14.3 Great Lakes
- 14.3.1 Historical Trend (2018-2023)
- 14.3.2 Forecast Trend (2024-2032)
- 14.4 Plains
- 14.4.1 Historical Trend (2018-2023)
- 14.4.2 Forecast Trend (2024-2032)
- 14.5 Southeast
- 14.5.1 Historical Trend (2018-2023)
- 14.5.2 Forecast Trend (2024-2032)
- 14.6 Southwest
- 14.6.1 Historical Trend (2018-2023)
- 14.6.2 Forecast Trend (2024-2032)
- 14.7 Rocky Mountain
- 14.7.1 Historical Trend (2018-2023)
- 14.7.2 Forecast Trend (2024-2032)
- 14.8 Far West
- 14.8.1 Historical Trend (2018-2023)
- 14.8.2 Forecast Trend (2024-2032)
- 15 Market Dynamics
- 15.1 SWOT Analysis
- 15.1.1 Strengths
- 15.1.2 Weaknesses
- 15.1.3 Opportunities
- 15.1.4 Threats
- 15.2 Porter’s Five Forces Analysis
- 15.2.1 Supplier’s Power
- 15.2.2 Buyer’s Power
- 15.2.3 Threat of New Entrants
- 15.2.4 Degree of Rivalry
- 15.2.5 Threat of Substitutes
- 15.3 Key Indicators for Demand
- 15.4 Key Indicators for Price
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Company Profiles
- 16.2.1 MillerKnoll Inc. (Herman Miller)
- 16.2.1.1 Company Overview
- 16.2.1.2 Product Portfolio
- 16.2.1.3 Demographic Reach and Achievements
- 16.2.1.4 Certifications
- 16.2.2 Steelcase Inc.
- 16.2.2.1 Company Overview
- 16.2.2.2 Product Portfolio
- 16.2.2.3 Demographic Reach and Achievements
- 16.2.2.4 Certifications
- 16.2.3 La-Z-Boy Incorporated
- 16.2.3.1 Company Overview
- 16.2.3.2 Product Portfolio
- 16.2.3.3 Demographic Reach and Achievements
- 16.2.3.4 Certifications
- 16.2.4 Haworth Inc.
- 16.2.4.1 Company Overview
- 16.2.4.2 Product Portfolio
- 16.2.4.3 Demographic Reach and Achievements
- 16.2.4.4 Certifications
- 16.2.5 Ashley Furniture Industries, LLC
- 16.2.5.1 Company Overview
- 16.2.5.2 Product Portfolio
- 16.2.5.3 Demographic Reach and Achievements
- 16.2.5.4 Certifications
- 16.2.6 Kimball International Inc.
- 16.2.6.1 Company Overview
- 16.2.6.2 Product Portfolio
- 16.2.6.3 Demographic Reach and Achievements
- 16.2.6.4 Certifications
- 16.2.7 Okamura Corporation
- 16.2.7.1 Company Overview
- 16.2.7.2 Product Portfolio
- 16.2.7.3 Demographic Reach and Achievements
- 16.2.7.4 Certifications
- 16.2.8 Inter IKEA Systems B.V.
- 16.2.8.1 Company Overview
- 16.2.8.2 Product Portfolio
- 16.2.8.3 Demographic Reach and Achievements
- 16.2.8.4 Certifications
- 16.2.9 Williams-Sonoma Inc.
- 16.2.9.1 Company Overview
- 16.2.9.2 Product Portfolio
- 16.2.9.3 Demographic Reach and Achievements
- 16.2.9.4 Certifications
- 16.2.10 American Signature, Inc.
- 16.2.10.1 Company Overview
- 16.2.10.2 Product Portfolio
- 16.2.10.3 Demographic Reach and Achievements
- 16.2.10.4 Certifications
- 16.2.11 Others
- 17 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. North America Furniture Market: Key Industry Highlights, 2018 and 2032
- 2. United States Furniture Market: Key Industry Highlights, 2018 and 2032
- 3. United States Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
- 4. United States Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
- 5. United States Furniture Historical Market: Breakup by Product (USD Billion), 2018-2023
- 6. United States Furniture Market Forecast: Breakup by Product (USD Billion), 2024-2032
- 7. United States Furniture Historical Market: Breakup by Application (USD Billion), 2018-2023
- 8. United States Furniture Market Forecast: Breakup by Application (USD Billion), 2024-2032
- 9. United States Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
- 10. United States Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
- 11. United States Furniture Historical Market: Breakup by Region (USD Billion), 2018-2023
- 12. United States Furniture Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 13. United States Furniture Market Structure
Pricing
Currency Rates
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