Home > > > > Report Detail

U.S. Furniture Market: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Publisher Name :
Date: 05-Sep-2022
No. of pages: 87
Inquire Before Buying

The U.S. furniture market is expected to record a value of US$288.9 billion in 2026, growing at a CAGR of 4.47%, for the time period of 2022-2026. Factors such as surge in number of housing units, growth in millennial population, rising consumer spending on furniture, escalating penetration of social media and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by problem related to deforestation and rise in furniture rental. A few notable trends may include increasing furniture sales via ecommerce, rising adoption of augmented reality, increasing interest in eco-friendly furniture and demand for more flexible workspaces.

The rising demand for multifunctional furniture is expected to bolster the growth prospects of the furniture demand. As rooms are getting smaller, customers are increasingly looking for compact and easily movable furniture to allow for efficient use of the available space. To cater to such requirements, the vendor companies are innovating with new product and introducing multifunctional furniture with storage facilities, which is acting as a key trend in the U.S. furniture market.

In terms of companies, Costco, Williams-Sonoma, MillerKnoll, Steelcase, HNI Corporation and Ashley Furniture Industries are top players in the U.S. furniture market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.

Scope of the report:


  • The report provides a comprehensive analysis of the U.S. furniture market

  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

  • The competitive landscape of the market, along with the company profiles of leading players (Costco, Williams-Sonoma, MillerKnoll, Steelcase, HNI Corporation and Ashley Furniture Industries) are also presented in detail.


Key Target Audience:


  • Furniture Manufacturers

  • Raw Material Suppliers

  • Potential Audience

  • Investment Banks

  • Government Bodies & Regulating Authorities

U.S. Furniture Market: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Table of Contents

1. Market Overview
1.1 Introduction
1.2 Major Functional Categories of Furniture
1.3 Importance of Furniture in House
1.4 Top Materials Used in Furniture Manufacturing
1.5 Factors Determined While Buying Furniture
1.6 Furniture Industry Production Value Chain

2. Impact of COVID-19
2.1 Impact on Industrial Production
2.2 Impact on Furniture Stores Sales
2.3 Impact on Office Furniture Sales

3. The U.S. Market Analysis
3.1 The U.S. Furniture Market by Value
3.2 The U.S. Furniture Market Forecast by Value
3.3 The U.S. Furniture Market by Product Category
3.3.1 The U.S. Living Room Furniture Market by Value
3.3.2 The U.S. Living Room Furniture Market Forecast by Value
3.3.3 The U.S. Bedroom Furniture Market by Value
3.3.4 The U.S. Bedroom Furniture Market Forecast by Value
3.3.5 The U.S. Kitchen & Dining Furniture Market by Value
3.3.6 The U.S. Kitchen & Dining Furniture Market Forecast by Value
3.3.7 The U.S. Lamp & Lighting Market by Value
3.3.8 The U.S. Lamp & Lighting Market Forecast by Value
3.3.9 The U.S. Floor Covering Market by Value
3.3.10 The U.S. Floor Covering Market Forecast by Value
3.3.11 The U.S. Home Office Furniture Market by Value
3.3.12 The U.S. Home Office Furniture Market Forecast by Value
3.3.13 The U.S. Outdoor Furniture Market by Value
3.3.14 The U.S. Outdoor Furniture Market Forecast by Value
3.4 The U.S. Wooden Furniture Import Value
3.5 The U.S. Wooden Furniture Import by Country
3.5.1 The U.S. Wooden Furniture Import Value by Country

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Surge in Number of Housing Units
4.1.2 Growth in Millennial Population
4.1.3 Rising Consumer Spending on Furniture
4.1.4 Escalating Penetration of Social Media
4.1.5 Rapid Urbanization
4.2 Key Trends
4.2.1 Increasing Furniture Sales via Ecommerce
4.2.2 Rising Adoption of Augmented Reality
4.2.3 Demand for More Flexible Workspace
4.2.4 Increasing Interest in Eco-Friendly Furniture
4.3 Challenges
4.3.1 Problem Related to Deforestation
4.3.2 Rise in Furniture Rental

5. Competitive Landscape
5.1 The U.S. Market
5.1.1 Key Players – Revenue Comparison
5.1.2 Key Players – Market Capital Comparison

6. Company Profiles
6.1 Costco
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Williams-Sonoma
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 MillerKnoll
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Steelcase
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 HNI Corporation
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 Ashley Furniture Industries
6.6.1 Business Overview
6.6.2 Business Strategies

List of Figure

Major Functional Categories of Furniture
Factors Determined While Buying Furniture
Furniture Industry Production Value Chain
The U.S. Industrial Production – Durable Manufacturing: Furniture and Related Product (2019-2021)
The U.S. Furniture and Home Furnishing Stores Sales (2019-2020)
The U.S. Office Furniture Market Growth Rate (2019-2020)
The U.S. Furniture Market by Value (2017-2021)
The U.S. Furniture Market Forecast by Value (2022-2026)
The U.S. Furniture Market by Product Category (2021)
The U.S. Living Room Furniture Market by Value (2017-2021)
The U.S. Living Room Furniture Market Forecast by Value (2022-2026)
The U.S. Bedroom Furniture Market by Value (2017-2021)
The U.S. Bedroom Furniture Market Forecast by Value (2022-2026)
The U.S. Kitchen & Dining Furniture Market by Value (2017-2021)
The U.S. Kitchen & Dining Furniture Market Forecast by Value (2022-2026)
The U.S. Lamp & Lighting Market by Value (2017-2021)
The U.S. Lamp & Lighting Market Forecast by Value (2022-2026)
The U.S. Floor Covering Market by Value (2017-2021)
The U.S. Floor Covering Market Forecast by Value (2022-2026)
The U.S. Home Office Furniture Market by Value (2017-2021)
The U.S. Home Office Furniture Market Forecast by Value (2022-2026)
The U.S. Outdoor Furniture Market by Value (2017-2021)
The U.S. Outdoor Furniture Market Forecast by Value (2022-2026)
The U.S. Wooden Furniture Import Value (2017-2021)
The U.S. Wooden Furniture Import by Country (2021)
The U.S. Wooden Furniture Import Value by Country (2017-2021)
Total Housing Units in the U.S. (2017-2021)
The U.S. Resident Population by Generation (2021)
The U.S. Consumer Spending on Furniture & Bedding (2017-2021)
Share of U.S. Population with the Social Media Usage (2017-2021)
The U.S. Urban Population (2017-2021)
The U.S. Ecommerce Furniture Sales (2020-2025)
Number of Augmented Reality Users in the U.S. (2019-2023)
Tree Cover Loss in the U.S. (2011-2021)
Costco Net Sales and Net Income (2017-2021)
Costco Net Sales by Segments (2021)
Williams-Sonoma Net Revenues & Net Earnings (2017-2021)
Williams-Sonoma Net Revenues by Segment (2021)
MillerKnoll Net Sales and Net Loss (Earning) (2017-2021)
MillerKnoll Net Sales by Segments (2021)
MillerKnoll Net Sales by Region (2021)
Steelcase Revenue and Net Income (2017-2021)
Steelcase Revenue by Segment (2021)
Steelcase Revenue by Region (2021)
HNI Corporation Net Sales and Net Income (2017-2021)
HNI Corporation Net Sales by Segment (2021)

List of Tables

Importance of Furniture in House
Top Materials Used in Furniture Manufacturing
Key Players – Revenue Comparison (2021)
Key Players – Market Capital Comparison (2022)

  • Global Media Consoles Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 77
    The global Media Consoles market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Media Consoles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Media Consoles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CA......
  • Global Hospital Furniture Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 97
    Hospital Furniture is The Furniture specially designed for hospital use. Hospital furniture along with modern medical equipment have important role to play in health care. They not only help surgeons to perform The critical surgery with utmost safety of patient, but also make patients feel comfortable during their stay in hospital or The surgery/post-surgery as well. The global Hospital Furniture market was valued at US$ 6576.9 million in 2023 and is anticipated to reach US$ 8449.3 ......
  • Global Home Furnishings Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 85
    Home Furnishing refers to anything that is used to furnish a home, including both furniture and things used to decorate The home and make it more hospitable. The global Home Furnishings market was valued at US$ 896750 million in 2023 and is anticipated to reach US$ 1275490 million by 2030, witnessing a CAGR of 5.1% during The forecast period 2024-2030. IKEA, Walmart, Bed Bath & Beyond, Macy's and Wayfair are The leaders of The Home Furnishings industry, which take about 10% m......
  • Global Contract Furniture Market Growth (Status and Outlook) 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 153
    According to our LPI (LP Information) latest study, the global Contract Furniture market size was valued at US$ 54350 million in 2023. With growing demand in downstream market, the Contract Furniture is forecast to a readjusted size of US$ 70890 million by 2030 with a CAGR of 3.9% during review period. The research report highlights the growth potential of the global Contract Furniture market. Contract Furniture are expected to show stable growth in the future market. However, product di......
  • Global Entertainment Centers & TV Stands Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 154
    According to our LPI (LP Information) latest study, the global Entertainment Centers & TV Stands market size was valued at US$ 2754.1 million in 2023. With growing demand in downstream market, the Entertainment Centers & TV Stands is forecast to a readjusted size of US$ 3738 million by 2030 with a CAGR of 4.5% during review period. The research report highlights the growth potential of the global Entertainment Centers & TV Stands market. Entertainment Centers & TV Stands are expected to ......
  • Global Luxury Furniture Market Growth (Status and Outlook) 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 157
    According to our LPI (LP Information) latest study, the global Luxury Furniture market size was valued at US$ 31450 million in 2023. With growing demand in downstream market, the Luxury Furniture is forecast to a readjusted size of US$ 42100 million by 2030 with a CAGR of 4.3% during review period. The research report highlights the growth potential of the global Luxury Furniture market. Luxury Furniture are expected to show stable growth in the future market. However, product differenti......
  • Global Residential Furniture Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 04-Jan-2024        Price: US 3380 Onwards        Pages: 111
    Market Overview of Global Residential Furniture market: According to our latest research, the global Residential Furniture market looks promising in the next 5 years. As of 2022, the global Residential Furniture market was estimated at USD 634777.49 million, and it's anticipated to reach USD 875863.07 million in 2028, with a CAGR of 5.51% during the forecast years. This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the......
  • Global Educational Furniture Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 134
    According to our LPI (LP Information) latest study, the global Educational Furniture market size was valued at US$ 4596.8 million in 2023. With growing demand in downstream market, the Educational Furniture is forecast to a readjusted size of US$ 6282.7 million by 2030 with a CAGR of 4.6% during review period. The research report highlights the growth potential of the global Educational Furniture market. Educational Furniture are expected to show stable growth in the future market. Howev......
  • Global Wardrobe Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 122
    According to our LPI (LP Information) latest study, the global Wardrobe market size was valued at US$ 67160 million in 2023. With growing demand in downstream market, the Wardrobe is forecast to a readjusted size of US$ 95680 million by 2030 with a CAGR of 5.2% during review period. The research report highlights the growth potential of the global Wardrobe market. Wardrobe are expected to show stable growth in the future market. However, product differentiation, reducing costs, and suppl......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs