United States Furniture Market Report and Forecast 2024-2032

United States Furniture Market Size

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