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Home Furniture Market in US 2024-2028

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    Report

  • 133 Pages
  • August 2024
  • Region: United States
  • TechNavio
  • ID: 5135351
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The home furniture market in us is forecasted to grow by USD 11.7 billion during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the home furniture market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improving residential construction market, increased awareness of home decor and attractive furnishings, and increasing online sales.

The home furniture market in us is segmented as below:

By Product

  • Living room furniture
  • Bedroom furniture
  • Storage furniture
  • Others

By Distribution Channel

  • Brick and mortar
  • Online mode

By Geographical Landscape

  • North America
This study identifies the surging demand for eco-friendly furniture as one of the prime reasons driving the home furniture market in us growth during the next few years. Also, growing importance of innovative customized furniture and focus on sustainable operations and offerings will lead to sizable demand in the market.

The report on the home furniture market in us covers the following areas:

  • Home furniture market in us sizing
  • Home furniture market in us forecast
  • Home furniture market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home furniture market in us vendors that include American Furniture Manufacturing Inc., Ashley Global Retail LLC, Bassett Furniture Industries Inc., Berkshire Hathaway Inc., Crate and Barrel, Dorel Industries Inc., Ethan Allen Interiors Inc., Godrej Interio, Inter IKEA Holding B.V., Klaussner Home Furnishings, LaZBoy Inc., Penney OpCo LLC, Pier 1 Imports Online Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Roomstogo.com Inc., Sauder Woodworking Co., Sleep Number Corp., Wayfair Inc., and Williams Sonoma Inc. Also, the home furniture market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Home Furniture Market in US 2018 - 2022
Historic Market Size - Data Table on Home Furniture Market in US 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Living room furniture - Market size and forecast 2023-2028
Chart on Living room furniture - Market size and forecast 2023-2028 ($ billion)
Data Table on Living room furniture - Market size and forecast 2023-2028 ($ billion)
Chart on Living room furniture - Year-over-year growth 2023-2028 (%)
Data Table on Living room furniture - Year-over-year growth 2023-2028 (%)
6.4 Bedroom furniture - Market size and forecast 2023-2028
Chart on Bedroom furniture - Market size and forecast 2023-2028 ($ billion)
Data Table on Bedroom furniture - Market size and forecast 2023-2028 ($ billion)
Chart on Bedroom furniture - Year-over-year growth 2023-2028 (%)
Data Table on Bedroom furniture - Year-over-year growth 2023-2028 (%)
6.5 Storage furniture - Market size and forecast 2023-2028
Chart on Storage furniture - Market size and forecast 2023-2028 ($ billion)
Data Table on Storage furniture - Market size and forecast 2023-2028 ($ billion)
Chart on Storage furniture - Year-over-year growth 2023-2028 (%)
Data Table on Storage furniture - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
7.3 Brick and mortar - Market size and forecast 2023-2028
Chart on Brick and mortar - Market size and forecast 2023-2028 ($ billion)
Data Table on Brick and mortar - Market size and forecast 2023-2028 ($ billion)
Chart on Brick and mortar - Year-over-year growth 2023-2028 (%)
Data Table on Brick and mortar - Year-over-year growth 2023-2028 (%)
7.4 Online mode - Market size and forecast 2023-2028
Chart on Online mode - Market size and forecast 2023-2028 ($ billion)
Data Table on Online mode - Market size and forecast 2023-2028 ($ billion)
Chart on Online mode - Year-over-year growth 2023-2028 (%)
Data Table on Online mode - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 American Furniture Manufacturing Inc.
American Furniture Manufacturing Inc. - Overview
American Furniture Manufacturing Inc. - Product / Service
American Furniture Manufacturing Inc. - Key offerings
11.4 Ashley Global Retail LLC
Ashley Global Retail LLC - Overview
Ashley Global Retail LLC - Product / Service
Ashley Global Retail LLC - Key offerings
11.5 Bassett Furniture Industries Inc.
Bassett Furniture Industries Inc. - Overview
Bassett Furniture Industries Inc. - Business segments
Bassett Furniture Industries Inc. - Key offerings
Bassett Furniture Industries Inc. - Segment focus
11.6 Berkshire Hathaway Inc.
Berkshire Hathaway Inc. - Overview
Berkshire Hathaway Inc. - Business segments
Berkshire Hathaway Inc. - Key news
Berkshire Hathaway Inc. - Key offerings
Berkshire Hathaway Inc. - Segment focus
11.7 Ethan Allen Interiors Inc.
Ethan Allen Interiors Inc. - Overview
Ethan Allen Interiors Inc. - Business segments
Ethan Allen Interiors Inc. - Key news
Ethan Allen Interiors Inc. - Key offerings
Ethan Allen Interiors Inc. - Segment focus
11.8 Godrej Interio
Godrej Interio - Overview
Godrej Interio - Product / Service
Godrej Interio - Key offerings
11.9 Inter IKEA Holding B.V.
Inter IKEA Holding B.V. - Overview
Inter IKEA Holding B.V. - Product / Service
Inter IKEA Holding B.V. - Key news
Inter IKEA Holding B.V. - Key offerings
11.10 Klaussner Home Furnishings
Klaussner Home Furnishings - Overview
Klaussner Home Furnishings - Product / Service
Klaussner Home Furnishings - Key offerings
11.11 LaZBoy Inc.
LaZBoy Inc. - Overview
LaZBoy Inc. - Business segments
LaZBoy Inc. - Key news
LaZBoy Inc. - Key offerings
LaZBoy Inc. - Segment focus
11.12 Penney OpCo LLC
Penney OpCo LLC - Overview
Penney OpCo LLC - Product / Service
Penney OpCo LLC - Key offerings
11.13 Pier 1 Imports Online Inc.
Pier 1 Imports Online Inc. - Overview
Pier 1 Imports Online Inc. - Product / Service
Pier 1 Imports Online Inc. - Key offerings
11.14 Raymour and Flanigan Furniture and Mattresses
Raymour and Flanigan Furniture and Mattresses - Overview
Raymour and Flanigan Furniture and Mattresses - Product / Service
Raymour and Flanigan Furniture and Mattresses - Key offerings
11.15 Restoration Hardware Inc.
Restoration Hardware Inc. - Overview
Restoration Hardware Inc. - Business segments
Restoration Hardware Inc. - Key offerings
Restoration Hardware Inc. - Segment focus
11.16 Roomstogo.com Inc.
Roomstogo.com Inc. - Overview
Roomstogo.com Inc. - Product / Service
Roomstogo.com Inc. - Key offerings
11.17 Williams Sonoma Inc.
Williams Sonoma Inc. - Overview
Williams Sonoma Inc. - Product / Service
Williams Sonoma Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Home Furniture Market in US 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Product - Market share 2023-2028 (%)
Exhibits 28: Data Table on Product - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Product
Exhibits 30: Data Table on Comparison by Product
Exhibits 31: Chart on Living room furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Living room furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Living room furniture - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Living room furniture - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Bedroom furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Bedroom furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Bedroom furniture - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Bedroom furniture - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Storage furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Data Table on Storage furniture - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Chart on Storage furniture - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Storage furniture - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 45: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 47: Market opportunity by Product ($ billion)
Exhibits 48: Data Table on Market opportunity by Product ($ billion)
Exhibits 49: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 50: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 51: Chart on Comparison by Distribution Channel
Exhibits 52: Data Table on Comparison by Distribution Channel
Exhibits 53: Chart on Brick and mortar - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Brick and mortar - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Brick and mortar - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Brick and mortar - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Online mode - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on Online mode - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on Online mode - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Online mode - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by Distribution Channel ($ billion)
Exhibits 62: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2023 and 2028
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Matrix on companies position and classification
Exhibits 70: American Furniture Manufacturing Inc. - Overview
Exhibits 71: American Furniture Manufacturing Inc. - Product / Service
Exhibits 72: American Furniture Manufacturing Inc. - Key offerings
Exhibits 73: Ashley Global Retail LLC - Overview
Exhibits 74: Ashley Global Retail LLC - Product / Service
Exhibits 75: Ashley Global Retail LLC - Key offerings
Exhibits 76: Bassett Furniture Industries Inc. - Overview
Exhibits 77: Bassett Furniture Industries Inc. - Business segments
Exhibits 78: Bassett Furniture Industries Inc. - Key offerings
Exhibits 79: Bassett Furniture Industries Inc. - Segment focus
Exhibits 80: Berkshire Hathaway Inc. - Overview
Exhibits 81: Berkshire Hathaway Inc. - Business segments
Exhibits 82: Berkshire Hathaway Inc. - Key news
Exhibits 83: Berkshire Hathaway Inc. - Key offerings
Exhibits 84: Berkshire Hathaway Inc. - Segment focus
Exhibits 85: Ethan Allen Interiors Inc. - Overview
Exhibits 86: Ethan Allen Interiors Inc. - Business segments
Exhibits 87: Ethan Allen Interiors Inc. - Key news
Exhibits 88: Ethan Allen Interiors Inc. - Key offerings
Exhibits 89: Ethan Allen Interiors Inc. - Segment focus
Exhibits 90: Godrej Interio - Overview
Exhibits 91: Godrej Interio - Product / Service
Exhibits 92: Godrej Interio - Key offerings
Exhibits 93: Inter IKEA Holding B.V. - Overview
Exhibits 94: Inter IKEA Holding B.V. - Product / Service
Exhibits 95: Inter IKEA Holding B.V. - Key news
Exhibits 96: Inter IKEA Holding B.V. - Key offerings
Exhibits 97: Klaussner Home Furnishings - Overview
Exhibits 98: Klaussner Home Furnishings - Product / Service
Exhibits 99: Klaussner Home Furnishings - Key offerings
Exhibits 100: LaZBoy Inc. - Overview
Exhibits 101: LaZBoy Inc. - Business segments
Exhibits 102: LaZBoy Inc. - Key news
Exhibits 103: LaZBoy Inc. - Key offerings
Exhibits 104: LaZBoy Inc. - Segment focus
Exhibits 105: Penney OpCo LLC - Overview
Exhibits 106: Penney OpCo LLC - Product / Service
Exhibits 107: Penney OpCo LLC - Key offerings
Exhibits 108: Pier 1 Imports Online Inc. - Overview
Exhibits 109: Pier 1 Imports Online Inc. - Product / Service
Exhibits 110: Pier 1 Imports Online Inc. - Key offerings
Exhibits 111: Raymour and Flanigan Furniture and Mattresses - Overview
Exhibits 112: Raymour and Flanigan Furniture and Mattresses - Product / Service
Exhibits 113: Raymour and Flanigan Furniture and Mattresses - Key offerings
Exhibits 114: Restoration Hardware Inc. - Overview
Exhibits 115: Restoration Hardware Inc. - Business segments
Exhibits 116: Restoration Hardware Inc. - Key offerings
Exhibits 117: Restoration Hardware Inc. - Segment focus
Exhibits 118: Roomstogo.com Inc. - Overview
Exhibits 119: Roomstogo.com Inc. - Product / Service
Exhibits 120: Roomstogo.com Inc. - Key offerings
Exhibits 121: Williams Sonoma Inc. - Overview
Exhibits 122: Williams Sonoma Inc. - Product / Service
Exhibits 123: Williams Sonoma Inc. - Key offerings
Exhibits 124: Inclusions checklist
Exhibits 125: Exclusions checklist
Exhibits 126: Currency conversion rates for US$
Exhibits 127: Research methodology
Exhibits 128: Information sources
Exhibits 129: Data validation
Exhibits 130: Validation techniques employed for market sizing
Exhibits 131: Data synthesis
Exhibits 132: 360 degree market analysis
Exhibits 133: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the home furniture market in US: American Furniture Manufacturing Inc., Ashley Global Retail LLC, Bassett Furniture Industries Inc., Berkshire Hathaway Inc., Crate and Barrel, Dorel Industries Inc., Ethan Allen Interiors Inc., Godrej Interio, Inter IKEA Holding B.V., Klaussner Home Furnishings, LaZBoy Inc., Penney OpCo LLC, Pier 1 Imports Online Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Roomstogo.com Inc., Sauder Woodworking Co., Sleep Number Corp., Wayfair Inc., and Williams Sonoma Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is surging demand for eco-friendly furniture."

According to the report, one of the major drivers for this market is the improving residential construction market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • American Furniture Manufacturing Inc.
  • Ashley Global Retail LLC
  • Bassett Furniture Industries Inc.
  • Berkshire Hathaway Inc.
  • Crate and Barrel
  • Dorel Industries Inc.
  • Ethan Allen Interiors Inc.
  • Godrej Interio
  • Inter IKEA Holding B.V.
  • Klaussner Home Furnishings
  • LaZBoy Inc.
  • Penney OpCo LLC
  • Pier 1 Imports Online Inc.
  • Raymour and Flanigan Furniture and Mattresses
  • Restoration Hardware Inc.
  • Roomstogo.com Inc.
  • Sauder Woodworking Co.
  • Sleep Number Corp.
  • Wayfair Inc.
  • Williams Sonoma Inc.