North America Furniture Market Research Report: By Furniture Type Outlook (Chairs, Sofas, Tables, Beds, Others), By Furniture Category Outlook (RTA, Non-RTA), By Furniture MaterialOutlook (Wood, Metal, Glass, Plastic) and By Furniture End User Outlook (Residential, Commercial) - Forecast to 2035

North America Furniture Market Overview

North America Furniture Market Size was estimated at 213.65 (USD Billion) in 2023. The North America Furniture Market Industry is expected to grow from 220.44(USD Billion) in 2024 to 305.74 (USD Billion) by 2035. The North America Furniture Market CAGR (growth rate) is expected to be around 3.018% during the forecast period (2025 - 2035).

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Key North America Furniture Market Trends Highlighted

Significant trends are emerging in the North America Furniture Market, influenced by changing consumer preferences and shifts in lifestyle. An important factor influencing the market is the growing interest in sustainable and eco-friendly furniture choices. There is a growing trend among consumers towards environmental awareness, leading them to favor products crafted from recyclable materials or those that adhere to sustainable production methods. Consequently, manufacturers are shifting their focus towards sustainable design innovations to align with these preferences and minimize environmental impact. Potential avenues for exploration encompass the increase in remote working arrangements, which have been further propelled by the pandemic. The transition has resulted in an increased demand for home office furniture, as consumers are looking for ergonomic and functional designs that boost productivity within a home setting. Furthermore, as e-commerce continues to rise, the online furniture retail sector is expanding, providing North American consumers with convenient access to a broader range of products and styles. Recent trends indicate a growing interest in furniture solutions that offer customization, allowing consumers to adapt products to their aesthetic preferences and functional requirements. This customization enables distinctive expressions of individual style while guaranteeing that the furniture seamlessly integrates into designated spaces. Additionally, there is a significant increase in the popularity of multi-functional furniture, especially in urban environments where living spaces tend to be more compact. Innovative designs that maximize space efficiency are increasingly gaining traction as individuals seek effective ways to enhance their living spaces. The North America Furniture Market is adapting to these shifting demands, offering a wealth of opportunities for innovation and growth in the industry.

North America Furniture Market Drivers

Increased Demand for Sustainable Furniture

The North America Furniture Market Industry is witnessing a significant drive towards sustainability as consumers increasingly prefer eco-friendly and sustainably sourced furniture. According to a survey conducted by the American Home Furnishings Alliance, about 55% of consumers in North America are willing to pay more for furniture made from sustainable materials. This rising consumer preference aligns with ongoing environmental initiatives and regulations in North America, including policies aimed at reducing carbon footprints and promoting renewable resources.As companies like IKEA and West Elm actively promote sustainable practices by incorporating recycled materials into their products, this sentiment is likely to stimulate further demand in the North America Furniture Market.

Growth in Real Estate and Home Renovation Projects

The North America Furniture Market Industry is benefiting from the booming real estate sector. As reported by the U.S. Census Bureau, new housing starts have increased by about 6% year-on-year, leading to a greater demand for furniture to fill these homes. Furthermore, the American Institute of Architects indicated a significant rise in home renovation projects, estimated at around $420 billion for 2023, which is a clear indicator of consumer spending on interior furnishings and design.This trend in home improvement creates additional demand for various types of furniture, driving growth in the North America Furniture Market.

Shift towards Online Retailing

The North America Furniture Market Industry is also experiencing an accelerated shift towards online sales channels. Reports from the National Retail Federation show that online furniture sales accounted for roughly 25% of total furniture sales in 2023, demonstrating a growing consumer inclination towards e-commerce. The rise of major online platforms such as Amazon and Wayfair, coupled with technological advancements in virtual reality and augmented reality, have enriched the consumer shopping experience, allowing individuals to visualize furniture in their spaces before purchasing.This shift is likely to continue driving growth in the North America Furniture Market as more consumers embrace the convenience of online shopping.

Increasing Disposable Income and Consumer Spending

Rising disposable income levels in North America are further driving the furniture market. According to the Bureau of Economic Analysis, disposable personal income in the U.S. has increased by 4% on an annual basis. As consumers have more financial flexibility, they are more likely to invest in higher-quality and aesthetically appealing home furnishings. This trend is particularly evident among millennials, who are increasingly moving into urban areas and seeking to furnish their homes with modern designs.Major furniture retailers like Ashley HomeStore have noted that the increased purchasing power is translating into higher sales volume, positively impacting the North America Furniture Market.

North America Furniture Market Segment Insights

North America Furniture Market Furniture Type Outlook Insights

The North America Furniture Market, particularly focusing on the Furniture Type Outlook, signifies a diverse landscape driven by varied consumer preferences and a growing emphasis on home aesthetics and functionality. This segment includes various categories such as Chairs, Sofas, Tables, Beds, and Others, each contributing uniquely to the overall market dynamics. Chairs remain a staple in residential and commercial spaces, with a strong inclination towards ergonomic designs to enhance comfort in both work and leisure environments. Sofas, on the other hand, typically lead in terms of style evolution, with trends leaning towards modular designs that can adapt to changing living spaces.Tables, which serve both functional and decorative purposes, often see demand spikes during significant holiday seasons, driven by social gatherings and family reunions. Beds play a crucial role in wellness and overall health, creating a significant market for innovative sleep solutions, including adjustable bases and memory foam technology that reflect modern consumer priorities around sleep quality. The "Others" category encompasses a variety of furniture types, including storage solutions and outdoor furniture, which have gained traction given the current trends emphasizing both indoor and outdoor living spaces.This segment's growing popularity can also be attributed to the rise in urban living, leading to the need for space-saving furniture options that accommodate multi-functional requirements. Overall, the Furniture Type Outlook in the North America Furniture Market showcases a robust landscape characterized by evolving consumer demands, design innovations, and an increasing focus on lifestyle preferences, which collectively contribute to shaping the industry’s trajectory over the coming years, supported by significant demographic shifts and changes in living arrangements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

North America Furniture Market Furniture Category Outlook Insights

The Furniture Category Outlook within the North America Furniture Market highlights a diverse landscape characterized by distinct segments such as Ready-to-Assemble (RTA) and Non-Ready-to-Assemble (Non-RTA) furniture. The RTA segment is gaining traction due to increasing consumer demand for affordable and easily transportable options, particularly among younger demographics and urban dwellers. Its convenience, coupled with the rise of e-commerce, has propelled its popularity, allowing consumers to easily acquire stylish and functional pieces. On the other hand, the non-RTA segment continues to thrive, driven by a preference for custom designs and higher quality materials, often appealing to homeowners looking for long-lasting furnishings.This segment benefits from trends favoring sustainability, with many manufacturers incorporating eco-friendly materials in their products. Both segments play a significant role in shaping the overall North America Furniture Market revenue, with varying trends and consumer preferences influencing market dynamics. Market growth is fueled by ongoing innovations in design and manufacturing processes that cater to the evolving tastes of North American consumers.

North America Furniture Market Furniture MaterialOutlook Insights

The North America Furniture Market is experiencing notable growth within the Furniture Material Outlook segment, which encompasses various materials such as Wood, Metal, Glass, and Plastic. Each material plays a vital role in the industry's diversification and caters to a wide array of consumer preferences. Wood continues to dominate due to its classic appeal and sustainability, appealing significantly to homeowners seeking durability and aesthetic value. Metal is gaining traction, particularly in modern furniture designs, due to its strength and industrial look, making it a popular choice for both residential and commercial spaces.Glass is favored for its contemporary elegance and ability to enhance space perception, and it is often used in table tops and decorative elements. Plastic materials are also significant, particularly within budget-friendly options, enabling versatility and ease of maintenance. Overall, the market dynamics driven by consumer trends, environmental consciousness, and evolving design philosophies are reshaping the North America Furniture Market landscape, with material utilization reflecting both functionality and style preferences of the current era.

North America Furniture Market Furniture End User Outlook Insights

The North America Furniture Market is poised for significant growth, driven by various factors affecting the Furniture End User Outlook. The increasing demand for both residential and commercial spaces has reinforced the market as consumers seek to enhance their living and working environments. In the residential sector, the trend towards home improvement and personalization remains strong, with consumers investing in stylish, durable furniture that reflects their tastes and lifestyle choices, thus becoming a dominant force in the market. Meanwhile, the commercial segment is experiencing a transformation, with businesses emphasizing ergonomic and multifunctional office spaces to address employee well-being and productivity.The North America Furniture Market segmentation showcases a diverse landscape, reflecting evolving consumer preferences and a push for sustainability. Challenges such as supply chain disruptions and fluctuating raw material costs could impact the market dynamics, yet opportunities for innovation and customization remain robust. Overall, the market growth is considerably influenced by these evolving end-user demands, focusing on quality, functionality, and aesthetic appeal, aligning closely with broader trends in living and working spaces.

North America Furniture Market Key Players and Competitive Insights

The North America Furniture Market is characterized by a diverse range of players offering an extensive array of products catering to various consumer preferences, lifestyles, and budgets. Competition in this market is influenced by factors such as design innovation, pricing strategies, quality, and sustainability initiatives. With an increasing focus on e-commerce, several companies are adapting their operations to blend traditional retailing with online sales. The changing dynamics of consumer behavior, particularly evident during and post-pandemic, have necessitated furniture brands to be agile in their approach, leveraging technology and harnessing social media for marketing. Moreover, sustainability and ethical sourcing have become critical components, leading companies to integrate eco-friendly practices into their manufacturing processes. Room and Board has established a significant presence in the North American Furniture Market, emphasizing its commitment to American-made products and sustainable practices. The company is well-regarded for its modern designs that emphasize simplicity and functionality, aligning with the current trends towards minimalism and quality over quantity. Room and Board’s strengths lie in its ability to create customizable furniture options, allowing customers to tailor products to their individual needs and aesthetics. This customer-centric approach enhances their reputation for high-quality, durable solutions, which resonate well with conscious consumers. With numerous retail locations across the United States, Room and Board effectively combines a traditional shopping experience with online engagement, ensuring a comprehensive reach within the competitive landscape.LaZBoy operates as a key player in the North American Furniture Market, particularly known for its reclining chairs and diverse range of upholstered furniture. The company capitalizes on its longstanding brand recognition and significant market share to provide both comfort and style in its offerings, including sofas, sectionals, and other living room furnishings. LaZBoy’s strengths are reflected in its expansive distribution network, allowing it to serve a wide geographic area efficiently. Recent mergers and acquisitions have enabled LaZBoy to enhance its product line and strengthen its market presence, further solidifying its reputation as a leader in the furniture sector. Their emphasis on innovation and design, coupled with a focus on customer satisfaction, positions LaZBoy strongly within the competitive framework while catering to evolving consumer preferences in North America.

Key Companies in the North America Furniture Market Include

• Room and Board


• LaZBoy


• Havertys


• Hooker Furniture


• Kimball International


• Herman Miller


• Ashley Furniture Industries


• American Signature


• Steelcase


• Restoration Hardware


• Sleep Number


• Leggett and Platt


• Wayfair


• IKEA


• WilliamsSonoma

North America Furniture Market Industry Developments

The North America Furniture Market has witnessed significant developments recently, with various companies expanding their portfolios and enhancing market presence. Notably, in September 2023, La-Z-Boy announced the opening of several new flagship stores across the U.S., aiming to cater to evolving consumer preferences for more personalized shopping experiences. Similarly, Restoration Hardware has been expanding its luxury offerings, tapping into the growing demand for upscale furniture. On the M&A front, Hooker Furniture completed its acquisition of A.R.T. Furniture in August 2023, enhancing its product range and distribution capabilities. Ashley Furniture Industries has also seen growth, with a reported revenue increase of 10% year-over-year, largely due to online sales expansion. Furthermore, the industry is recovering from previous supply chain disruptions caused by the pandemic, which has impacted production timelines and material costs. The U.S. Census Bureau has noted a steady increase in home furnishing sales, reflecting a shift towards home improvement and comfort. Companies like Wayfair and IKEA are also adapting their strategies to meet rising e-commerce demands. Overall, the North America Furniture Market continues to evolve, driven by consumer preferences and strategic corporate initiatives.

Furniture Market Segmentation Insights

• Furniture Market Furniture Type Outlook
  
  
  
  • Chairs
  
  
  • Sofas
  
  
  • Tables
  
  
  • Beds
  
  
  • Others
  
  
  
  

• Furniture Market Furniture Category Outlook
  
  
  
  • RTA
  
  
  • Non-RTA
  
  
  
  

• Furniture Market Furniture MaterialOutlook
  
  
  
  • Wood
  
  
  • Metal
  
  
  • Glass
  
  
  • Plastic
  
  
  
  

• Furniture Market Furniture End User Outlook
  
  
  
  • Residential
  
  
  • Commercial
  
  
  
  

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	213.65(USD Billion)
MARKET SIZE 2024	220.44(USD Billion)
MARKET SIZE 2035	305.74(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	3.018% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Room and Board, LaZBoy, Havertys, Hooker Furniture, Kimball International, Herman Miller, Ashley Furniture Industries, American Signature, Steelcase, Restoration Hardware, Sleep Number, Leggett and Platt, Wayfair, IKEA, WilliamsSonoma
SEGMENTS COVERED	Furniture Type Outlook, Furniture Category Outlook, Furniture MaterialOutlook, Furniture End User Outlook
KEY MARKET OPPORTUNITIES	Sustainable furniture demand growth, E-commerce expansion and customization, Smart and connected furniture trends, Home office furniture surge, Urban living space solutions
KEY MARKET DYNAMICS	sustainability trends, e-commerce growth, consumer customization, urbanization impacts, supply chain disruptions
COUNTRIES COVERED	US, Canada