United States Home Furniture Market Size (2024 - 2029)

United States Home Furniture Market Analysis

The United States Home Furniture Market size is estimated at USD 90.33 billion in 2024, and is expected to reach USD 106.41 billion by 2029, at a CAGR of greater than 3.16% during the forecast period (2024-2029).

One of the key drivers of the market is the growing residential construction market during the study period. Although the construction market is under pressure in the majority of locations in the country due to the COVID-19 pandemic, the situation is expected to get back to the pre-COVID-19 level depending on the changing market dynamics. Due to the pandemic and lockdown, the US home furniture market saw a tremendous growth in online orders. The COVID-19 pandemic that occurred in the early days of 2020 drastically altered the furniture industry. The disruption in the supply chain and the temporary ban on global trade have had a significant impact on countries that rely heavily on imports for furniture. The COVID-19 pandemic also showed how important it is for this industry to rely less on imports and improve digitalization and automation.

The growing popularity of eco-friendly furniture and changes in lifestyles are driving the growth of the market. Players in the U.S. home furniture industry use mergers and acquisitions and creation of new product lines as ways to grow their businesses.However, the market is facing some challenges, such as shifting consumer trends and expectations, rising material costs, and a skilled labor shortage.

Ready-to-assemble (RTA) furniture is becoming increasingly popular among homeowners and renters because of its lower costs and compact designs. RTA furniture, also known as flat-pack furniture, is not assembled by the manufacturer and is available in parts with instructions on how to assemble it.. E-commerce is also fueling the market's growth, and there are many e-commerce giants such as Amazon, Wayfair, and Home Depot that offer a wide range of furniture products from many key brands as part of their product portfolios.

United States Home Furniture Industry Segmentation

Home furniture refers to the category of products, which occupy the physical ambiance of a house and market consists of sales of household furniture products such as dining tables, sofas, beds, chairs, bassinets, bookcases, chairs, TV stands and other household furniture products made from materials including wood, metal, plastics, leather, and other materials. The United States Home Furniture Market is Segmented by Product (Kitchen Furniture, Living and Bedroom Furniture, Bathroom Furniture, Outdoor Furniture, and Other Furniture) and Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels). The report offers market size and forecasts for the United States Home Furniture Market in value (USD billion) for all the above segments.