North America High-End Furniture Market Size (2024 - 2029)

The North American high-end furniture market is experiencing a recovery and is expected to grow steadily over the forecast period. The market size was significantly impacted by the COVID-19 pandemic, which caused economic instability and trade disruptions, particularly in the United States. Despite these challenges, the market is benefiting from increasing consumer interest in eco-friendly and customizable furniture, as well as the availability of high-quality, durable, and multifunctional options. These factors are contributing to a resurgence in demand within both residential and commercial sectors, positioning the market for continued growth.

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Market Size of North America High-End Furniture Industry

North America High-End Furniture Market
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.20 %

Major Players

North America High-End Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America High-End Furniture Market Analysis

The North American high-end Furniture market is anticipated to record a CAGR of 4% during the forecast period. 

High-end furniture which is largely dependent on the economic stability of the end-users was hardly hit by the sudden COVID-19 pandemic during the year 2020. The largest geography in the region, i.e., the United States is one among the top 5 countries with the highest number of cases, which led to economic instability and loss of employment for several customers. In addition to that the trade restrictions during April-August 2020, and the trade war between the US and China have also largely impacted the market studied and resulted in a drop in market revenue during the year.

However, owing to the growing customer interest towards more eco-friendly furniture along with other factors including high scope for customization, and the growing number of manufacturers who are offering high-quality, durable, and multi-functional furniture have been helping the market to record more sales transactions in the residential and commercial end-user segments of the market. Though the upward market trend got disturbed during the 2020 due to the pandemic, with the high vaccination rate during the first half of 2021, the situations that were the result of COVID-19, are getting back on track and is anticipated to help the high-end furniture demand to be dominant in the forecast period as well.

North America High-End Furniture Industry Segmentation

A complete background analysis of the North America High-end furniture market, which includes an assessment of the emerging trends by segments, significant changes in market dynamics, and market overview, is covered in the report. The North America High-end furniture market is segmented by Product into Seating Products (Chairs, Armchairs, Sofas), Cabinets and Entertainment Units, Tables into Dining Tables, Reception Tables, etc.,), Beds and Other Products, by Distribution Channel into Designer Studios, Furniture Specialty Stores, Online and Other Distribution Channels), by End-User into Residential and Commerical, and by Geography into the United States and Canada. The report offers market size and forecasts for the North America High-end furniture market, in value (USD million) for all the above segments.

By Product
Seating Products (Chairs, Armchairs, Sofas)
Cabinets and Entertainment Units
Tables (Dining Tables, Reception Tables, etc.,)
Beds
Other Products
By Distribution Channel
Designer Studios
Furniture Specialty Stores
Online
Other Distribution Channels
By End-User
Residential
Commerical
By Geography
United States
Canada
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North America High-End Furniture Market Size Summary

The North American high-end furniture market is poised for growth, driven by a resurgence in demand following the challenges posed by the COVID-19 pandemic. The market, which experienced a downturn due to economic instability and trade restrictions, is now benefiting from a renewed interest in eco-friendly and customizable furniture options. The United States, a key player in the region, is witnessing a shift towards high-quality, durable, and multi-functional furniture, catering to both residential and commercial segments. This trend is supported by advancements in technology, such as the use of power tools for bespoke designs, which align with evolving consumer preferences for space-efficient solutions. As the market recovers, the demand for high-end furniture is expected to remain strong, with manufacturers focusing on innovation and elegance to attract discerning customers.

The distribution channels in the high-end furniture market are evolving, with a notable shift from traditional multi-model stores to designer studios. This change is driven by consumers' desire for a more immersive and informative purchasing experience, where they can fully understand the products before making a decision. Designer studios are becoming increasingly important, offering a platform for manufacturers to showcase their craftsmanship and engage with customers. The market is characterized by the presence of major players like French Heritage, RH (Restoration Hardware), and Brown Jordan International, who are leveraging technology and design to enhance customer engagement and drive sales. As these companies continue to introduce innovative products and improve their online presence, the high-end furniture market in North America is expected to experience sustained growth and increased market share.

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North America High-End Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints/Challenges

    4. 1.4 Market Opportunities

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Force Analysis

    7. 1.7 Consumer Behaviour Analysis

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Seating Products (Chairs, Armchairs, Sofas)

      2. 2.1.2 Cabinets and Entertainment Units

      3. 2.1.3 Tables (Dining Tables, Reception Tables, etc.,)

      4. 2.1.4 Beds

      5. 2.1.5 Other Products

    2. 2.2 By Distribution Channel

      1. 2.2.1 Designer Studios

      2. 2.2.2 Furniture Specialty Stores

      3. 2.2.3 Online

      4. 2.2.4 Other Distribution Channels

    3. 2.3 By End-User

      1. 2.3.1 Residential

      2. 2.3.2 Commerical

    4. 2.4 By Geography

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America High-End Furniture Market Size FAQs

The North America High-End Furniture Market is projected to register a CAGR of greater than 4.20% during the forecast period (2024-2029)

French Heritage, RH(Restoration Hardware), Brown Jordan International, Nella Vetrina and Koket are the major companies operating in the North America High-End Furniture Market.

North America High-End Furniture Report Snapshots

North America High-End Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)