United States Furniture Market Growth, Trends, Size, Revenue, Demand, Share and Future Outlook
United States Furniture Market Size– By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FMCG2434 | Pages: 1 - 107 | Formats*: |
| Category : Consumer & Retail | |||
United States Furniture Market Introduction and Overview
According to SPER Market Research, the United States Furniture Market is estimated to reach USD 40.74 billion by 2033 with CAGR of 4.02%.
The report includes an in-depth analysis of the United States Furniture Market, including market size and trends, product mix, applications, and supplier analysis. The complete furniture production, distribution, and consumption ecosystem found inside US borders is referred to as the "United States Furniture Market." To meet diverse consumer needs, this market is divided into a number of sectors, including those for outdoor, office, and residential furnishings. Factors such as consumer trends, economic situations, technical breakthroughs, and regulatory policies impact the growth and performance of the industry.
April 2021: Three new engineering centers were opened by Wayfair Inc., the biggest home furniture business, in Toronto, Ontario, Canada; Austin, Texas; and the San Francisco Bay Area of California. Over the next two years, the company plans to add over 1,000 technologists for its world-class engineering group worldwide.
- April 2022: The TJX Companies, Inc. revealed New Global Environmental Goals, one of which was to attain net zero emissions from its operations by 2040.
Market Opportunities and Challenges
The furniture market in the United States has enormous room for innovation and diversification. Manufacturers have the chance to take advantage of digital transformation and use e-commerce platforms to connect with more consumers. Furthermore, satisfying the market's need for adaptable and multipurpose furniture options offers a substantial growth path. Numerous reasons, including consumers' increased disposable income, fast urbanization, shifting lifestyles, and an increasing desire for sustainable and eco-friendly furniture materials, are driving the US furniture market. The major players in the market are investing more in marketing and promotions, which is giving the industry profitable growth prospects. Additionally, the market has benefited from the growing emphasis on designing adaptable and compact furniture options to fit smaller living areas. The middle class now prefers to purchase affordable goods over ostentatious ones when it comes to home furnishings. It is anticipated that this will impede market expansion. Furthermore, the growth of major companies' businesses is being hindered by intense competition from disorganized key players in different countries across the world. It is anticipated that fluctuating import and customs taxes on fixture goods in numerous nations will pose challenges to the industry's overall expansion.
Market Competitive Landscape
Large-scale furniture manufacturers, specialized companies, and internet sellers coexist in the fiercely competitive US furniture market. To obtain a competitive edge, major competitors in the market concentrate on product innovation, quality, pricing, and marketing. Furthermore, firms frequently use mergers and acquisitions as a strategy to increase their market presence. Some of major players are 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., American Signature Inc. and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Distribution Channel |
| Regions covered |
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| Companies Covered | 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., American Signature Inc. and various others. |
COVID-19 Impact on United States Furniture Market
The COVID-19 pandemic has put pressure on the construction industry in most parts of the nation, but depending on shifting market dynamics, it is anticipated that the situation may return to pre-pandemic levels. Online orders for furnishings for homes in the US increased dramatically as a result of the lockdown and pandemic. The furniture business was significantly impacted by the COVID-19 pandemic that struck in the first few months of 2020. The nations that mostly depend on furniture imports have been greatly impacted by the interruption in the supply chain and the temporary suspension of international trade. The COVID-19 epidemic also demonstrated how critical it is for this sector to increase automation and digitization while reducing its reliance on imports.
Key Target Audience:
- Consumers
- Interior Designers
- Architects and Builders
- Retailers
- Hospitality Industry
- Office and Commercial Spaces
- Real Estate Developers
- Furniture Manufacturers
- Wholesalers and Distributors
- E-commerce Platforms
- Government and Institutions
- Media and Influencers
Our in-depth analysis of the United States Furniture Market includes the following segments:
| By Product: |
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| By Distribution Channel: |
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| By Region: |
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Key Topics Covered in the Report:
- United States Furniture Market Size (FY’2023-FY’2033)
- Overview of United States Furniture Market
- Segmentation of United States Furniture Market By Product (Kitchen Furniture, Living and Bedroom Furniture, Bathroom Furniture, Outdoor Furniture, and Other Furniture)
- Segmentation of United States Furniture Market By Distribution Channel (Home Centres, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels)
- Statistical Snap of United States Furniture Market
- Expansion Analysis of United States Furniture Market
- Problems and Obstacles in United States Furniture Market
- Competitive Landscape in the United States Furniture Market
- Impact of COVID-19 and Demonetization on United States Furniture Market
- Details on Current Investment in United States Furniture Market
- Competitive Analysis of United States Furniture Market
- Prominent Players in the United States Furniture Market
- SWOT Analysis of United States Furniture Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Furniture Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Furniture Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Furniture Market
7. United States Furniture Market, By Product, 2019-2033 (USD Million)
7.1. United States Furniture Market Value Share and Forecast, By Product , 2023-20337.2. Bathroom Furniture7.3. Kitchen Furniture7.4. Living and Bedroom Furniture7.5. Other Furniture7.6. Outdoor Furniture
8. United States Furniture Market, By Distribution Channel, 2019-2033 (USD Million)
8.1. United States Furniture Market Value Share and Forecast, By Distribution Channel , 2023-20338.2. Flagship Stores8.3. Home Centers8.4. Online Stores8.5. Specialty Stores8.6. Other Distribution Channels
9. United States Furniture Market Forecast, 2019-2033 (USD Million)
9.1. United States Furniture Market Size and Market Share
10. United States Furniture Market, By Product, 2019-2033 (USD Million)
10.1. United States Furniture Market Size and Market Share By Product (2019-2026)10.2. United States Furniture Market Size and Market Share By Product (2027-2033)
11. United States Furniture Market, By Distribution Channel , 2019-2033 (USD Million)
11.1. United States Furniture Market Size and Market Share By Distribution Channel (2019-2026)11.2. United States Furniture Market Size and Market Share By Distribution Channel (2027-2033)
12. United States Furniture Market, By Region, 2019-2033 (USD Million)
12.2. United States Furniture Market Size and Market Share By Region (2027-2033)12.1. United States Furniture Market Size and Market Share By Region (2019-2026)12.2.1. Midwest12.2.2. Northeast12.2.3. South12.2.4. West
13. Company Profile
13.1. Ashley Furniture Industries LLC13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. American Signature Inc.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Inter IKEA Systems B.V.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Haworth Inc.13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Inter IKEA Systems B.V.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Kimball International Inc.13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Others
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Furniture Market is projected to reach USD 40.74 billion by 2033, growing at a CAGR of 4.02% during the forecast period.
United States Furniture Market size from 2022. The Market is expected to reach USD 40.74 billion by 2033, at a CAGR of 4.02% during the forecast period.
United States Furniture Market CAGR of 4.02% during the forecast period.
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United States Furniture Market size is 40.74 billion from 2023 to 2033.
United States Furniture Market Segment is covered By Product, By Distribution Channel.
The North America is anticipated to have the highest market share in the United States Furniture Market.
"The key players in the market include Companies Covered 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., American Signature Inc. and various others."
The furniture market in the United States has enormous room for innovation and diversification. Manufacturers have the chance to take advantage of digital transformation and use e-commerce platforms to connect with more consumers.
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