United States Luxury Furniture Market Expected to Reach USD 7.3 Billion by 2033 - IMARC Group

United States Luxury Furniture Market Statistics, Outlook and Regional Analysis 2025-2033

The United States luxury furniture market size was valued at USD 6.0 Billion in 2024, and it is expected to reach USD 7.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.2% from 2025 to 2033.

The luxury home furnishings industry is witnessing more investment activities, with large acquisitions altering the industry. Strategic acquisitions are aimed at increasing product offers, improving brand portfolios, and strengthening distribution channels in response to rising demand for premium textiles, furniture, and design-driven interior solutions. For example, in December 2024, Dunes Point Capital, LP acquired Kravet, LLC. Kravet, headquartered in Woodbury, New York, is the industry leader in to-the-trade home furnishings, selling trimmings, fabric, wall coverings, furniture, and carpet under the Kravet, Lee Jofa, GP & J Baker, Brunschwig & Fils, and Donghia brands.  

Moreover, luxury home design is witnessing strategic collaborations to boost premium furniture choices. Long-term partnerships promote growth, elevate brand visibility, and improve distribution networks, reflecting rising customer demand for high-end and design-driven furnishings that combine craftsmanship with enduring appeal and refinement. For instance, in April 2024, Ralph Lauren Corporation entered into a long-term agreement with Haworth Lifestyle Design, a renowned name in luxury furniture design, production, and distribution, enabling the company to expand and strengthen its presence in the home furnishings market. Furthermore, the United States luxury furniture industry continues to evolve to satisfy the increased demand for high-end and design-driven home furnishings. To attract rich customers, manufacturers are emphasizing on quality materials, workmanship, and new designs. Sustainability is also gaining popularity, with more manufacturers incorporating eco-friendly materials and ethical sources into their manufacturing. Customization and smart technology elements are increasing attractiveness by harmonizing with modern lifestyle trends. For example, to retain uniqueness, companies located in the US, such as Restoration Hardware and Holly Hunt, engage in sustainable wood sourcing and handmade craftsmanship. Restoration Hardware incorporates high-quality European leathers and repurposed timber, appealing to environmentally aware shoppers. Meanwhile, Holly Hunt focuses on handmade furniture with proficient workmanship, serving the elite hospitality and residential industries. The transition to sustainable luxury demonstrates the industry's reaction to changing customer expectations, assuring lifespan while boosting brand status and exclusivity.

United States Luxury Furniture Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West. The rising awareness and appreciation of design aesthetics among consumers in various regions of the US is significantly driving the growth of the market. Additionally, a robust GDP, increased disposable income, and low unemployment rates boost the growth of the market.

Northeast Luxury Furniture Market Trends:

The Northeast has a high demand for handcrafted luxury furniture, which is encouraged by an appreciation for traditional craftsmanship. Vermont Woods Studios, situated in Vermont, specializes in sustainable and custom-made wooden furniture, catering to customers looking for high-quality and personalized designs. The region's heritage in renowned woodworking impacts this trend, with customers preferring handmade pieces created from solid hardwoods such as cherry and maple, which provide longevity and timeless aesthetics suitable for both classic and contemporary interiors.

Midwest Luxury Furniture Market Trends:

Luxury furniture shoppers in the Midwest favor long-lasting designs focusing on quality. Stickley Furniture, based in Manlius, New York, but with a significant Midwest presence, is recognized for mission-style furniture made of solid oak and cherry. Consumers in this region choose heirloom-quality furniture that combines function with legacy, which is consistent with a larger preference for timeless and well-constructed pieces over rapidly shifting trends in luxury home design.

South Luxury Furniture Market Trends:

The industry in the South US favors exquisite and highly detailed designs that reflect the region's interest in classic styles. Maitland-Smith, situated in North Carolina, manufactures handcrafted furniture with exquisite inlays, carved wood, and luxurious finishes. Consumers in this region choose statement items, particularly opulent types with mahogany, gold leaf, and hand-painted features, reflecting the South's preference for huge and lavish rooms with a sense of historic appeal.

West Luxury Furniture Market Trends:

Luxury furniture trends in the West emphasize modern and minimalist aesthetics that match current architecture. RH (Restoration Hardware), based in Corte Madera, California, pioneered this style by producing sleek and neutral-toned furniture made of natural materials such as recycled wood, stone, and metal. Western purchasers choose open-concept designs with subtle elegance, indicating a desire for spacious and light-filled interiors that harmonize effectively with the region's coastal, desert, and mountain surroundings.

Top Companies Leading in the United States Luxury Furniture Industry

Some of the leading United States luxury furniture market companies have been mentioned in the report. Key players are actively engaging in product launches, partnerships, and collaborations to enhance their market presence. For example, in December 2024, RH debuted RH Newport Beach, The Gallery at Fashion Island, a selected retail space that combines luxury home furnishings from RH Interiors, Modern, Outdoor, Baby & Child, and TEEN with exceptional art, antiques, and artifacts gathered internationally to provide a unique experience.

United States Luxury Furniture Market Segmentation Coverage

• Based on the raw material, the market has been segmented into wood, metal, glass, leather, plastic, multiple, and others. Wood is preferred because of its durability and aesthetic appeal, with oak, walnut, and mahogany being particularly popular. Metal provides advanced and industrial designs in aluminum and stainless steel. Glass enhances the beauty of tables and shelves. Leather guarantees high-quality upholstery. Plastic offers affordability in modern styles. Multiple-material designs combine features to create distinct and personalized luxury products.
• Based on the application, the market is categorized into domestic (living room and bedroom, kitchen, bathroom, outdoor, and lighting) and commercial (office, hospitality, and others). Domestic furniture includes luxury living, dining, bedroom, and outdoor items. Commercial demand comprises hotels, offices, and restaurants, with a focus on aesthetics, durability, and personalization to enhance atmosphere and brand identification.
• Based on the distribution channel, the market has been divided into conventional furniture stores, specialty stores, online retailers, and others. Conventional furniture stores provide a wide range of in-person experiences. Specialty stores offer carefully picked and high-end items with professional help. Online retailers provide convenience, customization, and direct-to-consumer choices for luxury furniture manufacturers, increasing accessibility and market reach through digital platforms and virtual showrooms.
• Based on the design, the market has been bifurcated into modern and contemporary. Minimalism, clean lines, and utilitarian aesthetics are common elements of modern furniture. Contemporary designs adapt to trends, incorporating innovative substances, bold shapes, and creative inspirations to create advanced and dynamic interiors in high-end locations.