Home Furnishings Stores Market Report 2025

The home furnishings stores market size has grown strongly in recent years. It will grow from $217.53 billion in 2024 to $231.36 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to consumer lifestyle changes, demographic shifts, consumer confidence, retailer strategies, and global supply chain dynamics.

The home furnishings stores market size is expected to see strong growth in the next few years. It will grow to $286.39 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to smart home integration, urbanization and space optimization, health and wellness focus, customization and personalization, retailer strategies. Major trends in the forecast period include home renovation and remodeling trends, rental and subscription models, artisan and handcrafted products, outdoor living solutions, resale and secondhand market growth.

The anticipated growth of the home furnishings stores market is driven by the increasing interest in interior design. Interior design involves the comprehensive practice of creating interior environments that cater to human needs and provide protection. Consumers, drawn by home style and lifestyle influencers, are increasingly willing to invest in various designer and luxury home furniture, exhibiting a significant spending trend on home decor and interior design patterns. For example, a report from Made in CA, a Canada-based online publication, indicates that the global interior design market is projected to surpass $339 billion by 2027. Hence, the growing interest in interior design acts as a driving force for the expansion of the home furnishings stores market.

The expansion of the housing market is anticipated to drive the growth of the home furnishings stores market in the future. Housing refers to the provision of shelter or accommodation, typically in the form of buildings or dwellings, where individuals or groups reside. Home furnishings stores offer essential items and decor for residential spaces, enhancing the comfort and aesthetics of homes. For example, in November 2023, according to the Census Bureau, a principal agency in the US, the seasonally adjusted annual rate of privately owned housing completions in the US for October 2023 was 1,410,000, marking a 4.6% (±13.2 percent) increase compared to the October 2022 rate of 1,348,000. As a result, the housing market's growth is fueling the home furnishings stores market.

A notable trend in the home furnishings stores market is the increasing adoption of technological advancements. Major market players are dedicating efforts to the development of innovative technologies to solidify their market presence. For instance, IKEA, a Sweden-based home furnishing company, introduced IKEA Kreativ in June 2022, an AI-powered experience that empowers customers to create realistic room designs. IKEA Kreativ leverages spatial computing, machine learning, and 3D mixed reality technology to enhance the room design process.

Companies operating in the home furnishings stores market are actively pursuing technological advancements, such as composite technology, for integrated light furnishing. Composite technology involves combining different materials with distinct properties to create a new material with enhanced characteristics. LUCE5, an Italy-based provider of lighting solutions, launched Tech Thickness (TT) in March 2023, an innovative composite technology based on aluminum for integrated light furnishings. TT optimizes furnishing thickness, incorporates lighting solutions, and offers superior mechanical strength and reduced weight compared to wood. This technology, applicable in retail, luxury living, yachting, and design furnishings, emphasizes high standards in mechanical resistance, ease of handling, reduced CO2 emissions, and recyclability.

In February 2022, the US-based online interior design start-up Heavenly acquired The Inside for an undisclosed amount. This strategic move by Heavenly aims to establish an innovative design ecosystem, making home design more accessible and personalized. The Inside, a US-based home furnishing company, specializes in producing custom furniture, wallpapers, chairs, accent tables, rugs, screens, and other home furnishing items.

Major companies operating in the home furnishings stores market include Ashley furniture industries Ltd., Duresta Upholestry Ltd., Kimball International, Shaw Industries Group Inc., Inter IKEA Group, Mohawk Industries Inc., Wayfair LLC, Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Hansemm Corporation, Walmart Inc., Macy’s Inc., home24 SE, Home Depot Product Authority LLC, Williams-Sonoma Inc., Rooms To Go, Crate & Barrel, Ethan Allen, La-Z-Boy, Pottery Barn, RH, Havertys, Bassett Furniture, Raymour & Flanigan, American Furniture Warehouse, Nebraska Furniture Mart, Bob's Discount Furniture, Jordan's Furniture, Value City Furniture, Mathis Brothers Furniture, Living Spaces, Badcock Home Furniture & More, Leon's Furniture, Dufresne Furniture & Appliances, Bernie & Phyl's Furniture, Kane's Furniture, El Dorado Furniture, Arhaus, Ballard Designs.

North America was the largest region in the home furnishings stores market in 2024. The regions covered in the home furnishings stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home furnishings stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Home furnishings stores are retail establishments that specialize in selling household items typically made of materials such as wood, metal, plastics, marble, glass, fabrics, and related materials for use in rooms, homes, or offices. These businesses commonly operate from showrooms and often offer interior decoration services alongside their product sales.

The primary categories of products available in home furnishings stores include home furniture, home textiles, and wall decor. Home furniture encompasses all movable and compactable articles or apparatus furnishing a room or house, such as furniture, curtains, carpets, and decorations. These products are offered at various price points, including mass-market and premium, and are available through channels such as e-commerce and in-store sales.

The home furnishings store market research report is one of a series of new reports that provides home furnishings stores market statistics, including home furnishings stores industry global market size, regional shares, competitors with a home furnishing stores market share, detailed home furnishings store market segments, market trends, and opportunities, and any further data you may need to thrive in the home furnishings stores industry. This home furnishing store market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The home furnishing stores market includes revenues earned by entities by providing design services, design consultation, architectural details and drawings, space planning and interior architecture, selection of furniture and accessories, custom furniture and textile design. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.