Market Insights

  • The home furniture market in the US is poised to grow by $8.08 billion during 2020-2024, progressing at a CAGR of 2% during the forecast period. The market is driven by the improving residential construction market and increased online sales. In addition, improving the residential construction market is anticipated to boost the growth of the market as well. The study identifies the increased awareness of home decor and attractive furnishings as one of the prime reasons driving the home furniture market in the US growth during the next few years.
  • Revenue in the Furniture market amounts to US$252.90bn in 2023. The market is expected to grow annually by 3.98% (CAGR 2023-2027) The market's largest segment is the segment Living Room Furniture with a market volume of US$70.61bn in 2023.
  • In global comparison, most revenue is generated in the United States (US$252.90bn in 2023). In relation to total population figures, per person revenues of US$752.10 are generated in 2023.
  • The North America furniture market size was valued at $ 249,406.5 million in 2020 and is projected to reach $ 400,068.8 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.
North America Furniture Market