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North America Furniture Market Size, Share, Trends, Forecast: By Type: Beds, Tables and Desks, Sofa and Couch, Chairs and Stools, Cabinets and Shelves, Others; By Material: Wood, Metal, Plastic, Others; By Application: Residential, Commercial; By Distribution Channel: Home Centres, Others; Regional Analysis; Competitive Landscape; 2024-2032
North America Furniture Market Outlook
The North America furniture market size reached approximately USD 95.52 billion in 2023. The market is further projected to grow at a CAGR of 8.0% between 2024 and 2032, reaching a value of USD 188.99 billion by 2032.
Key Trends in the Market
Furniture refers to objects designed to support human activities including sleeping, sitting, working, and sleeping, among others. It is usually made up of wood, metals, and plastic and is available in a variety of designs. Aside from providing functional applications, furniture also aids in enhancing the décor and aesthetics of personal and working spaces.
- The increasing popularity of hybrid and remote work is bolstering the North America furniture market growth. Professionals working remotely are investing towards home offices including ergonomic chairs and tables in order to support their daily tasks and working requirements.
- The rising emphasis on home décor and aesthetics of personal spaces is providing lucrative growth opportunities to the market. Increasing celebrity endorsements and collaborations with social media influencers and content creators coupled with rising disposable incomes are encouraging individuals to invest in furniture items that complement their personal style while providing functional applications.
- The increasing travel and tourism activities in the region are supporting the market expansion as the development of hotels, home stays, and Airbnbs grows and the requirement for beds, sofas and couches, and chairs, among others, increases. The provision of comfortable furniture enhances the travel experience of the tourists, increasing satisfaction.
North America Furniture Market Analysis
On the basis of type, the market is divided into beds, tables and desks, sofa and couch, chairs and stool, and cabinets and shelves, among others. Based on material, the market is categorised into wood, metal, and plastic, among others.
On the basis of application, the market is bifurcated into residential and commercial. Based on distribution channel, the market is segmented into home centres, flagship stores, speciality stores, and online, among others. On the basis of country, the North America furniture market segmentation includes United States of America and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Steelcase Inc.
- Haworth, Inc.
- Knoll International SpA
- Bassett Furniture Industries
- Durham Furniture
- L. & J.G. Stickley, Inc.
- Kimball International Inc.
- HNI Corporation
- La-Z-Boy Incorporated
- Sherrill Furniture Company
- Others
Market Share by Distribution Channels
Online distribution channels are expected to account for a significant North America furniture market share owing to the convenient and hassle-free nature of online shopping and availability of discounts, fast delivery, and easy refund and exchange. Additionally, online distribution channels provide furniture in a wide range of designs and colour schemes to meet the different styles and tastes of the individuals, aiding the segment growth. The availability of assistance from customer service representatives enhances the shopping experience while product reviews and descriptions aid customers in making informed decisions.
Market Share by Country
The United States is anticipated to witness significant growth in the coming years. This growth can be attributed to the rising disposable incomes and increasing construction activities in the region. The rising home renovation and remodelling activities in the country are also booting the North America furniture market demand. The growing influence of social media and increasing collaborations between the key players of the market and content creators and influencers is further supporting the market expansion in the United States.
Competitive Landscape
Steelcase Inc. is one of the leading manufacturers of seating and storage units, furniture, partitioning systems for offices, and classroom furniture, among others. The company was founded in 1912 and is headquartered in Michigan, United States.
Haworth, Inc. is known for designing innovative and ergonomic office furniture for their customers. The company manufactures and designs panels, movable walls, tables, seatings, storage solutions, and wood case goods. Haworth was founded in 1948 and is headquartered in Michigan, United States.
Knoll International SpA, headquartered in Lombardy, Italy is a home furnishing and furniture manufacturing company that is dedicated towards innovating and designing modern residential and office furniture for their customers. Knoll was founded in 1938.
Other North America furniture market key players include Bassett Furniture Industries, Durham Furniture, L. & J.G. Stickley, Inc., Kimball International Inc., HNI Corporation, La-Z-Boy Incorporated, and Sherrill Furniture Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Global Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2018-2023)
8.3 Global Furniture Market Forecast (2024-2032)
8.4 Global Furniture Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Furniture Market Overview
9.1 Key Industry Highlights
9.2 North America Furniture Historical Market (2018-2023)
9.3 North America Furniture Market Forecast (2024-2032)
10 North America Furniture Market by Type
10.1 Beds
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tables and Desks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sofa and Couch
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Chairs and Stools
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Cabinets and Shelves
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Furniture Market by Material
11.1 Wood
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Metal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America 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 North America 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 Flagship 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)
13.5 Others
14 North America Furniture Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 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 of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code - 9403)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Steelcase Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Haworth, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Knoll International SpA
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Bassett Furniture Industries
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Durham Furniture
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 L. & J.G. Stickley, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Kimball International Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 HNI Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 La-Z-Boy Incorporated
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Sherrill Furniture Company
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2018 and 2032
2. North America Furniture Market: Key Industry Highlights, 2018 and 2032
3. North America Furniture Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Furniture Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. North America Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. North America Furniture Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Furniture Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. North America Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. North America Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. North America Furniture Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 95.52 billion in 2023.
The market is projected to grow at a CAGR of 8.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 188.99 billion by 2032.
The major market drivers include increasing construction activities in the region and rising adoption of online distribution channels.
The key trends fuelling the growth of the market include increasing travel and tourism activities, rising emphasis on home décor, and growing popularity of hybrid and remote jobs.
The major countries in the market are United States of America and Canada.
The various types include beds, tables and desks, sofa and couch, chairs and stool, and cabinets and shelves, among others.
The key players in the market are Steelcase Inc., Haworth, Inc., Knoll International SpA, Bassett Furniture Industries, Durham Furniture, L. & J.G. Stickley, Inc., Kimball International Inc., HNI Corporation, La-Z-Boy Incorporated, and Sherrill Furniture Company, among others.
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