According to the report by Expert Market Research (EMR), the North America furniture market size reached a value of USD 95.52 billion in 2023. Aided by the evolving consumer preferences towards home décor and an increasing inclination for sustainable and smart furniture, 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 in North America has transcended its traditional utility to become a statement of lifestyle and aesthetic appeal, reflecting the personality and preferences of homeowners. The region, characterised by a strong economy and a high standard of living, showcases a diverse demand spanning across various furniture types, including residential, commercial, and office furniture, among others.
The surge in remote working arrangements and home offices due to recent global shifts has further invigorated the demand for ergonomic and multifunctional furniture and fuelled the North America furniture market growth. Consumers are increasingly seeking out pieces that not only enhance the comfort and efficiency of their home workspaces but also integrate seamlessly with the overall home décor. This demand has spurred innovation among furniture manufacturers, who are now integrating technology and ergonomic design principles to cater to the evolving market needs.
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Sustainability and eco-friendly practices are at the forefront of consumer preferences in the furniture market in North America. With an escalating awareness regarding the environmental impact of furniture production, consumers are increasingly gravitating towards products made from sustainable materials and those offering a lower carbon footprint. Manufacturers are responding to this shift by adopting green manufacturing processes, recycling initiatives, and sustainable sourcing of materials, thereby aligning with the consumer ethos and contributing to market growth.
As per the North America furniture market analysis, consumers are increasingly seeking furniture that can be customised to fit their specific needs, preferences, and space constraints. This trend towards personalisation has led manufacturers to offer more options in terms of materials, colours, and modular designs that allow for a personalised touch, making each piece unique to its owner. With a growing emphasis on health and well-being, furniture designed to promote good health and ergonomics is becoming more popular. This includes pieces that encourage better posture, and reduce physical strain, and even those with materials that improve indoor air quality by reducing pollutants.
The trend towards creating comfortable, stylish outdoor living spaces continues to grow, with consumers investing in high-quality outdoor furniture that combines durability with design aesthetics, propelling the North America furniture market expansion. This trend is driven by the desire to extend the comfort and style of the indoor living environment to the outdoors, making outdoor spaces more liveable and inviting. Incorporating natural elements into furniture design, known as biophilic design, is gaining popularity. This includes the use of natural materials, plant integration, and designs that mimic natural forms. The trend is driven by the positive impact of nature on human well-being and the desire to bring the outdoors inside.
As per the North America furniture market outlook, e-commerce has emerged as a significant sales channel for furniture in North America, with online platforms offering consumers the convenience of browsing an extensive range of products from the comfort of their homes. The digitalisation of the furniture buying process, complemented by advanced logistics and augmented reality (AR) tools for virtual home staging, has enhanced the shopping experience.
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The market is characterised by a mix of well-established players and emerging entrants, each bringing unique design philosophies and innovations to the forefront. Companies are increasingly focusing on research and development to introduce sustainable, technologically advanced, and aesthetically pleasing furniture solutions which can support the North America furniture market share. Strategic partnerships, mergers, and acquisitions are prevalent strategies adopted by companies to expand their market presence and product portfolios.
North America Furniture 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 the 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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