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Report
North America Furniture Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 178 Pages I EMR Inc.
North America Furniture Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the North America furniture market size reached a value of USD 95.10 billion in 2023. Aided by the increasing demand for home and office furnishings and the growing applications of innovative and sustainable furniture designs, the market is projected to further grow at a CAGR of 8.0% between 2024 and 2032 to reach a value of USD 188.99 billion by 2032.
Furniture, encompassing a wide range of products such as chairs, tables, beds, sofas, and storage units, plays a vital role in both residential and commercial spaces. In North America, the furniture market is driven by factors such as rising disposable incomes, urbanisation, and evolving consumer preferences towards modern and multifunctional furniture.
The growing trend of home improvement and interior decoration is driving the demand for stylish and functional furniture. Additionally, the rise of remote work has increased the need for ergonomic home office setups.
The versatility and functionality of furniture make it suitable for a wide range of applications in the residential and commercial sectors. The growing demand for high-quality and modern furniture in these sectors is driving the market growth.
The increasing consumer preference for aesthetically pleasing and functional furniture is driving the North America furniture market growth. With the growing trend of home improvement and interior decoration, there has been a significant shift towards the adoption of stylish and contemporary furniture. Additionally, the rising trend of remote work and the need for ergonomic office furniture has further contributed to the increasing popularity of home office setups.
The expanding applications of furniture in various sectors also play a significant role in propelling the market. In the residential sector, furniture is used to enhance the comfort and functionality of living spaces. The commercial sector utilises furniture to create conducive and productive work environments in offices, hotels, restaurants, and retail stores. Moreover, the hospitality industry benefits from high-quality and stylish furniture to enhance the guest experience.
Further, the growing focus on sustainability and eco-friendly products has led to an increased demand for sustainable furniture. With the rise of environmentally conscious consumers and the need to reduce the environmental impact of furniture production, manufacturers are increasingly focusing on sustainable materials and practices. This trend is expected to boost the North America furniture market expansion in the coming years, consequently driving up the North America furniture market share.
The continuous advancements in furniture design, such as the integration of smart features and multifunctional designs, are enhancing the capabilities and applications of furniture. These advancements are driving the adoption of innovative furniture solutions.
The United States is a significant market for furniture, driven by the high demand for home and office furnishings. The country's focus on home improvement and interior decoration is also supporting market growth. Canada is a prominent market for furniture, with a growing demand for modern and functional furniture designs. The country's emphasis on sustainability and eco-friendly products is driving the demand for sustainable furniture.
As per the North America furniture market analysis, it is poised for significant growth in the coming years, driven by the increasing demand for home and office furnishings and the growing applications of innovative and sustainable furniture designs. The rising focus on sustainability and eco-friendly products, along with the continuous advancements in furniture design, is expected to further boost the market growth.
Continuous innovation and technological advancements in furniture design are essential to meet the evolving needs of consumers and maintain a competitive edge in the market. The growing awareness and adoption of high-quality and sustainable furniture also present significant opportunities for market expansion.
Market Segmentation
The market can be divided based on type, material, application, distribution channel, and country
Market Breakup by Type
- Beds
- Tables and Desks
- Sofa and Couch
- Chairs and Stools
- Cabinets and Shelves
- Others
Market Breakup by Material
- Wood
- Metal
- Plastic
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Distribution Channel
- Home Centres
- Flagship Stores
- Speciality Stores
- Online
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in North America furniture market. some of the major players explored in the report by expert market research are as follows:
- Steelcase Inc.
- Haworth, Inc.
- Knoll International SpA
- Bassett Furniture Industries
- Durham Furniture
- L. & J.G. Stickley, Inc.
- Kimball International Inc.
- HNI Corporation
- La-Z-Boy Incorporated
- Sherrill Furniture Company
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2018-2023)
8.3 Global Furniture Market Forecast (2024-2032)
8.4 Global Furniture Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Furniture Market Overview
9.1 Key Industry Highlights
9.2 North America Furniture Historical Market (2018-2023)
9.3 North America Furniture Market Forecast (2024-2032)
10 North America Furniture Market by Type
10.1 Beds
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tables and Desks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sofa and Couch
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Chairs and Stools
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Cabinets and Shelves
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Furniture Market by Material
11.1 Wood
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Metal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Furniture Market by Application
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Furniture Market by Distribution Channel
13.1 Home Centres
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Flagship Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 North America Furniture Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code - 9403)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Steelcase Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Haworth, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Knoll International SpA
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Bassett Furniture Industries
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Durham Furniture
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 L. & J.G. Stickley, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Kimball International Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 HNI Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 La-Z-Boy Incorporated
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Sherrill Furniture Company
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2018 and 2032
2. North America Furniture Market: Key Industry Highlights, 2018 and 2032
3. North America Furniture Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Furniture Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. North America Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. North America Furniture Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Furniture Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. North America Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. North America Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. North America Furniture Market Structure
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