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United States Furniture Market Size, Share, Analysis: By Material: Metal, Wood, Plastic, Glass, Others; By Product: Beds, Tables and Desks, Chairs and Stools, Cabinet and Shelves, Sofa and Couch, Others; By Application: Residential, Commercial; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
United States Furniture Market Outlook
The United States furniture market size reached approximately USD 37.28 billion in 2023. The market is further projected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a value of USD 49.41 billion by 2032.
Key Trends in the Market
Furniture refers to movable objects that are produced to support different human activities including sleeping, eating, and studying, among others. They are also used for storing different materials and holding objects at a convenient height. Furniture is produced using different types of materials including glass, metal, plastic, and wood, among others.
- The increasing production and availability of eco-friendly furniture across different distribution channels is aiding the United States furniture market growth. The demand for furniture derived from sustainable and environment friendly material is increasing owing to rising environmental concerns among the general population.
- The expansion of the travel and tourism sector owing to increasing disposable incomes is propelling the requirement for luxurious and high-quality furniture and décor items in order to provide the customers with a comfortable stay. Additionally, the rising number of restaurant chains are also supporting the market expansion owing to increasing requirement for dining furniture.
- Rising investments by the key market players towards marketing and promotional activities is providing lucrative growth opportunities to the market. Various companies are also collaborating with content creators and influencers so as to reach their target audience and expand their customer base.
United States Furniture Market Analysis
On the basis of material, the market is divided into metal, wood, plastic, and glass, among others. Based on product, the market is segregated into beds, tables and desks, chairs and stools, cabinet and shelves, and sofa and couch, among others.
On the basis of application, the market is bifurcated into residential and commercial. Based on distribution channel, the market is classified into home centres, flagships stores, speciality stores, and online. On the basis of region, the United States furniture market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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.
- 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
Market Share by Product
Beds account for a significant United States furniture market share owing to the shifting consumer preference towards high-end beds and bedframes due to increasing emphasis on home décor and rising disposable incomes in the country. Increasing bedroom renovation projects and growing influence of different social media platforms and influencers and content creators is further boosting the market growth and segment expansion.
Market Share by Application
Residential applications are anticipated to witness significant growth over the forecast period. This growth can be attributed to the increasing real estate construction projects in the country. Evolving consumer preferences and lifestyles, rising urbanisation, and increasing disposable incomes are bolstering the United States furniture market demand. The easy availability of furniture in a wide range of designs and materials across both offline and online distribution channels coupled with the increasing influence of social media is propelling the requirement for furniture from the residential sector.
Competitive Landscape
MillerKnoll Inc. (Herman Miller) is involved in the production of home furnishings, office furniture, and other related equipment. The company was founded in 1905 and is headquartered in Michigan, United States.
Steelcase Inc. is one of the leading manufacturers of case goods, storage units, seatings, furniture, and partitioning systems for classrooms, offices, residential interiors, and hospitals, among others. The company was founded in 1912 and is headquartered in Michigan, United States.
La-Z-Boy Incorporated is a leading furniture manufacturer involved in the production of sofas, sleeper sofas, upholstered recliners, lift chairs, and stationary chairs, among others. The company was founded in 1927 and is headquartered in Michigan, United States.
Other United States furniture market key players include Haworth Inc., Ashley Furniture Industries, LLC, Kimball International Inc., Okamura Corporation, Inter IKEA Systems B.V., Williams-Sonoma Inc., and American Signature, Inc., 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 Material |
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| Breakup by Product |
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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 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
Key Questions Answered in the Report
The market reached a value of approximately USD 37.28 billion in 2023.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 49.41 billion by 2032.
The major market drivers include expansion of the travel and tourism sector, increasing emphasis on home décor, and rising disposable incomes.
The key trends fuelling the growth of the market include increasing production and availability of eco-friendly furniture across different distribution channels and rising investments by the key market players towards marketing and promotional activities.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The distribution channels include home centres, flagships stores, speciality stores, and online.
The key players in the market 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., Williams-Sonoma Inc., and American Signature, Inc., among others.
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