United States Furniture Market

Market Overview:

The United States furniture market size is expected to exhibit a growth rate (CAGR) of 3.15% during 2024-2032. The increasing construction and renovation activities, the emerging interior design and home décor trends, and various technological advancements, such as the integration of smart features or wireless charging capabilities in furniture, represent some of the key factors driving the market.

Furniture refers to movable objects or items that are designed to support various human activities, such as sitting, sleeping, working, or storing items. It includes a wide range of items that are used for functional and decorative purposes in homes, offices, commercial spaces, and other environments. Furniture can also be classified into different categories based on their intended use and characteristics. For instance, seating furniture is designed to provide comfort and support for sitting or lounging and includes chairs, sofas, benches, stools, and recliners. Storage furniture is designed to provide space for storing items. On the other hand, desks and workstations are designed for work or study purposes. They provide a dedicated space for writing, using a computer, or conducting other tasks. Moreover, outdoor furniture is designed for use in outdoor spaces such as patios, gardens, or balconies. It includes items like outdoor tables, chairs, loungers, umbrellas, and outdoor sofas. Furniture is available in various materials, styles, designs, and price ranges to suit different preferences and budgets. It plays a functional role in providing comfort, support, and storage solutions, while also contributing to the aesthetics and overall design of a space.

United States Furniture Market Trends:

The market is primarily driven by the increasing construction and renovation activities across the country. As homeowners invest in remodeling or upgrading their living spaces, they often seek new furniture to complement the new design. In addition, changes in lifestyle preferences, such as the growing trend of remote work, have led to increased demand for home office furniture, representing another major growth-inducing factor. Besides this, the market is also propelled by the emerging interior design and home décor trends. Moreover, with changing consumer preferences, sustainability has also emerged as a critical driver in the furniture industry. Eco-conscious consumers are seeking furniture made from sustainable materials and manufactured using environmentally friendly practices. The market has responded by offering a wide range of eco-friendly furniture options, including those crafted from recycled materials or using sustainable sourcing methods. Furthermore, the growing influence of e-commerce has revolutionized the furniture market. Online retail platforms are offering consumers convenience, a vast selection, and competitive pricing, prompting a shift in consumer behavior. The ease of online shopping and the ability to compare prices and styles from the comfort of their homes has led to a surge in online furniture purchases, thus augmenting the market growth.

United States Furniture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States furniture market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on material, distribution channel, and end use.

Material Insights:

• Metal
• Wood
• Plastic
• Glass
• Others
   

The report has provided a detailed breakup and analysis of the United States furniture market based on the product type. This includes metal, wood, plastic, glass, and others.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others
   

A detailed breakup and analysis of the United States furniture market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, specialty stores, online stores, and others.

End Use Insights:

• Residential 
• Commercial
   

A detailed breakup and analysis of the United States furniture market based on the distribution channel has also been provided in the report. This includes residential and commercial.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the United States furniture market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Furniture Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States furniture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States furniture market?
• What is the breakup of the United States furniture market on the basis of material?
• What is the breakup of the United States furniture market on the basis of distribution channel?
• What is the breakup of the United States furniture market on the basis of end use?
• What are the various stages in the value chain of the United States furniture market?
• What are the key driving factors and challenges in the United States furniture market?
• What is the structure of the United States furniture market and who are the key players?
• What is the degree of competition in the United States furniture market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States furniture market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States furniture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States furniture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.