United States Furniture Market

USA Furniture Market Trends, Share, Revenue, Demand, Key Manufacturers, Growth Drivers, Challenges, Business Opportunities and Forecast till 2033: SPER Market Research

Furniture are movable objects that are intended to facilitate a variety of human activities, including seating, eating, sleeping, and storing. It contains a variety of goods, including seats, tables, mattresses, couches, cupboards, workstations, and shelves, all of which serve both functional and aesthetic purposes. Furniture can be manufactured from a variety of materials, including wood, metal, glass, plastic, and upholstered fabrics, allowing a wide range to meet individual preferences and needs. Furniture, in addition to its practicality, is an important component in the interior design of homes, businesses, and public areas, adding to comfort, style, and overall ambiance. Furniture is essential for arranging rooms, increasing convenience, and creating surroundings that encourage well-being and productivity, whether in the home, the workplace, or institutions.

According to SPER Market Research, ‘United States Furniture Market Size– By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Furniture Market is estimated to reach USD 40.74 billion by 2033 with CAGR of 4.02%.

Changing lifestyles, with a focus on comfort, customisation, and sustainable living, are also important, as people seek furniture that reflects their unique taste and environmental beliefs. The increased popularity of e-commerce and online buying has made furniture more accessible, allowing customers to look at a wider selection of possibilities and buy directly from producers. Furthermore, rising disposable income and shifting consumer spending patterns toward discretionary items have fuelled growing expenditure on furniture. Advances in technology, such as smart furniture and modular designs, drive market growth by aligning with the changing needs of modern life. These causes have resulted in a robust expansion of the US furniture market.

One of the major challenges is the rising cost of basic materials including wood, metals, and fabrics. This raises production costs, which can lead to higher consumer pricing and reduced profit margins for producers. Another key difficulty is the fierce competition in both domestic and international markets, notably from low-cost imports, which puts pressure on local producers to maintain competitive pricing while maintaining quality standards. The increased popularity of online shopping poses problems for brick-and-mortar retailers, which must adapt to the digital landscape while providing a consistent customer experience. To drive long-term success, these difficulties must be addressed through innovation, a focus on consumer preferences, and sustainability.

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North Carolina dominates the US furniture market due to its long history as a center for furniture manufacturing and production. Some of the key players are – La-Z-Boy Incorporated, Haworth Inc. , Ashley Furniture Industries LLC , Kimball International Inc. , Okamura Corporation , Inter IKEA Systems B.V.

US Furniture Market Segmentation:

By Product: Based on the Product, United States Furniture Market is segmented as; Kitchen Furniture, Living and Bedroom Furniture, Bathroom Furniture, Outdoor Furniture, and Other Furniture and Others.

By Distribution Channel: Based on the Distribution Channel, United States Furniture Market is segmented as; Home Centres, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels.

By Region: This research also includes data for Northeast, Midwest, South and West.

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United States Furniture Market Forecast

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United States Furniture Market

US Furniture Market Growth 2024, Revenue, Rising Trends, Demand, Key Manufacturers, Business Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research

Furniture alludes to mobile articles or things that are intended to help different human exercises, like sitting, sleeping, working, or storing things. It incorporates a large number of things that are utilized for utilitarian and ornamental purposes in homes, workplaces, business spaces, and different conditions. Furniture can likewise be arranged into various classes in light of their planned use and attributes. For example, seating furniture is intended to give solace and backing to sitting or relaxing and incorporates seats, couches, seats, stools, and chairs. Then again, work areas and workstations are intended for work or study purposes. They give a committed space to composing, utilizing a PC, or leading different errands. Besides, outside furniture is intended for use in open air spaces like porches, nurseries, or overhangs. It incorporates things like open air tables, seats, loungers, umbrellas, and outside couches.

According to SPER Market Research, ‘United States Furniture Market Size- By Share, By Revenue, By Trends, By Demand, By Key Manufacturers, By Growth Drivers, By Challenges and Business Opportunities till 2033’ states that the United States Furniture Market is estimated to reach USD 40.74 billion by 2033 with a CAGR of 4.02%.

The rising interest for multifunctional furniture is supposed to reinforce the development possibilities of the room section. As rooms are getting more modest, clients are progressively searching for conservative and effectively portable furniture to consider proficient utilization of the accessible space. There is likewise a rising interest for convertible furniture in the country, which has functionalities past conventional furniture use. With additional individuals picking sleek and excellent furniture since they have more cash and a superior lifestyle, the US furniture market is probably going to see more grounded development in both homegrown deals and products. The pattern is probably going to continue onward, compensating for the harm that Coronavirus did to the nation’s economy.

Fluctuation in costs of natural substances is one of the key difficulties impeding business sector development. The unpredictability in the expenses of unrefined substances and gathering parts utilized in the assembling system of furniture is a key worry that is blocking market development. Also, this antagonistically influences the net revenues of makers and retailers. Moreover, the expense of unrefined components like steel, plastics, materials, wood particleboard, and containers has expanded impressively. Moreover, steel, wood or wood-related items, and aluminium are the main unrefined substances utilized in the assembling of furniture. Thus, such factors are thwarting the market development during the figure time frame.

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After the episode of the COVID-19 pandemic, purchaser of the furniture markets in the US slowly shrank, and utilization assumptions dropped fundamentally; unfamiliar exchange organizations were for the most part confronted with the suspension or scratch-off of requests by worldwide purchasers, particularly in the furniture business, which saw a sharp drop in trade volume brought about by request side elements, monetary downturn and decreased buyer request brought about by the serious Coronavirus pandemic in significant objective nations, and the conclusion of downstream furniture undertakings

Southern Region particularly North Carolina accounts for the largest market share in terms of United States Furniture Market. The region was dominant due to the long historical legacy in manufacturing of furniture, highly skilled workforce and well developed infrastructure. Some of the major players in the United States Furniture Market are MillerKnoll Inc. (Herman Miller), Steelcase Inc., La-Z-Boy Incorporated, Haworth Inc., Ashley Furniture Industries LLC and others.

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USA Furniture Market Outlook

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United States Furniture Market

United States Furniture Market Growth 2023, Rising Trends, Industry Share, Revenue, Demand, Key Manufacturers, Business Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research

We refer to the entire ecosystem of furniture manufacture, distribution, and consumption within US boundaries as the “United States Furniture Market.”  Within the home furnishings industry, the USA market is experiencing growth in the outdoor furniture area, which can be attributed to changing interior design preferences. The home furniture sector in the United States is worth billions of dollars. The rise of the US home furnishings business is mostly being driven by improvements in the residential construction sector.

According to SPER market research, ‘United States Furniture Market  Size – By Product , By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States Furniture Market is predicted to reach USD 40.74 billion by 2033 with CAGR of 4.02%.

Massive opportunities for innovation and diversification exist in the US furniture market. Embracing digital transformation and utilizing e-commerce platforms present firms with opportunity to expand their consumer base. Meeting the need for furniture that is both adaptable and multifunctional offers a substantial opportunity for growth. The expanding disposable income of consumers, the rate of urbanization, the changing needs of customers, and the growing demand for sustainable and eco-friendly furniture materials are some of the reasons driving the U.S. furniture market. A further factor supporting the industry is the growing emphasis on designing adaptable and compact furniture options to fit smaller living areas. Market growth prospects are being offered by the major players in the industry, who are investing more in marketing and promotional activities.

The middle class now prefers to purchase inexpensive goods over ostentatious ones when it comes to home furnishings. It is predicted that this will impede market expansion. Furthermore, the growth of major companies’ businesses is being hindered by intense competition from disorganized key players in different parts of the world. It is anticipated that shifting costs for raw materials and differing import and customs taxes on fixture goods in numerous nations will create barriers to the industry’s overall expansion.

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Despite the fact that the COVID-19 pandemic is straining the construction industry in most of the nation, depending on shifting market factors, the situation is anticipated to return to its pre-pandemic level. Online purchases of home furnishings in the US increased dramatically as a result of the lockdown and epidemic. The furniture sector saw a significant transformation in the early months of 2020 due to the COVID-19 epidemic. For nations that import a large amount of furniture, the supply chain disruption and the temporary suspension of international trade have had a major effect. The importance of this business reducing its reliance on imports and enhancing digitization and automation was further demonstrated by the COVID-19 epidemic.

In the upcoming years, the US furniture market is expected to continue expanding. The United States furniture market is still a vibrant, constantly changing industry driven by changes in consumer preferences, technology advancements, and environmental concerns. The industry is well-positioned for future expansion and prosperity with a wide range of products and a strong focus on sustainability and digitalization. Additionally, some of the market key players 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., American Signature Inc. and various others.

US Furniture Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Product: Based on the Product, United States Furniture Market is segmented as; Kitchen Furniture, Living and Bedroom Furniture, Bathroom Furniture, Outdoor Furniture, and Other Furniture and Others.

By Distribution Channel: Based on the Distribution Channel, United States Furniture Market is segmented as; Home Centres, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels.

By Region: This research also includes data for Northeast, Midwest, South and West.

For More Information, refer to below link:-

US Furniture Market Outlook

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Sara Lopes, Business Consultant – USA

SPER Market Research

enquiries@sperresearch.com

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