Furniture Market – United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.15% (2024-2032)

The growth of the U.S. furniture market size is underpinned by various factors that reflect evolving consumer preferences, economic conditions, and technological advancements. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 3.15% from 2024 to 2032.

United States Furniture Industry Trends and Drivers:

United States Furniture Market

• Evolving Consumer Preferences and Economic Conditions: The growth of the U.S. furniture market is driven by shifting consumer preferences, economic trends, and technological advancements.
• Home Improvement and Renovation Trends:

• • The pandemic has amplified the trend of home improvement and renovation.
  • Increased time spent at home has led to a focus on creating comfortable and functional living spaces.
  • Demand has surged for ergonomic home office setups and comfortable living room furniture.

• Remote Work Culture:

• • The rise of remote work has boosted the need for office furniture, such as desks, chairs, and storage solutions.
  • These items are designed to enhance productivity and comfort in home environments.

• Real Estate Activity and Housing Market Resilience:

• • Increased home buying and upgrades have spurred demand for new furniture.
  • Suburban and rural housing market resilience has led to a rise in furniture purchases, especially for larger living spaces.

• Economic Recovery and Rising Disposable Incomes:

• • Economic recovery has allowed consumers to allocate more funds toward home furnishings.

• Expansion of E-commerce and Technological Integration:

• • Online retail has transformed furniture shopping, offering convenience, product comparisons, reviews, and detailed information.
  • E-commerce platforms now offer augmented reality (AR) features, allowing customers to visualize furniture in their homes before purchase.
  • Technological advancements have expanded the reach of furniture brands and boosted consumer confidence in online purchases.

• Rising Demand for Sustainable and Eco-Friendly Furniture:

• • Growing environmental awareness has increased demand for sustainable and eco-friendly furniture.
  • Consumers are seeking products made from sustainable materials and produced through environmentally responsible processes.
  • Manufacturers adopting green practices and offering eco-conscious products are gaining a competitive edge.

• Future Growth and Market Trends:

• • Technological and environmental factors are expected to continue driving the growth of the U.S. furniture market.
  • The market’s future trajectory will be shaped by these evolving consumer demands and innovations.

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United States Furniture Industry Segmentation:

The report has segmented the market into the following categories:

Material Insights:

• Metal
• Wood
• Plastic
• Glass
• Others

Distribution Channel Insights:

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

End Use Insights:

• Residential
• Commercial

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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