The North America Furniture Market was valued at USD 215.71 billion in 2023 and is projected to reach USD 379.39 billion by 2030, growing at a robust CAGR of 8.4% during the forecast period.
Overview:
Furniture, a key component in both residential and commercial spaces, serves functional, aesthetic, and storage purposes. It encompasses chairs, tables, beds, and decorative items made from various materials, including wood, metal, and plastic. The market in North America is witnessing significant evolution driven by consumer preferences for eco-friendly products and multifunctional designs.
Market Scope:
| Parameter | Details |
|---|---|
| Market Size (2023) | USD 215.71 Billion |
| Projected Market Size (2030) | USD 379.39 Billion |
| CAGR (2024–2030) | 8.4% |
| Segments | Material, Category, End User, Country |
| Countries Covered | United States, Canada, Mexico |
For a deeper dive into this research, follow this link:https://www.stellarmr.com/report/req_sample/North-America-Furniture-Market/507
Market Drivers:
- Rising Real Estate Developments:
Growth in residential and commercial projects is driving the demand for high-quality furniture, fueled by 100% foreign direct investments in smart cities and urban development. - Increased Consumer Purchasing Power:
Improved disposable incomes are enabling consumers to invest in premium and multifunctional furniture. - Eco-Friendly Trends:
Consumers’ growing environmental awareness is shifting demand toward sustainable furniture, supporting the market’s expansion.
Market Trends:
- Online Sales Surge: Furniture purchases via e-commerce platforms have grown by over 80% since 2020, driven by convenience and diverse product availability.
- DIY Furniture Popularity: Millennials are increasingly drawn to do-it-yourself furniture options available online.
- Technological Advancements: High-end, customizable furniture designs shaped by power tools are attracting consumer attention.
Segmentation:
- By Material:
- Wood
- Metal
- Plastic
- Others
- By Category:
- Indoor
- Outdoor
- By End User:
- Residential
- Office
- Hotel
- Others
For further analysis and insights, visit the following link:https://www.stellarmr.com/report/req_sample/North-America-Furniture-Market/507
Key Players:
- Harman Miller Inc. (U.S.)
- Steelcase Inc. (U.S.)
- HNI Corporation (U.S.)
- Ashley Furniture Industries Inc. (U.S.)
- Duff & Phelps, LLC. (U.S.)
- North America Furniture USA (U.S.)
- ZouYou (China)
- Dare Studio (England)
- Inter IKEA Group
Regional Analysis:
The United States dominates the market, with rising residential construction activity bolstering furniture demand. Canada and Mexico also exhibit substantial growth, supported by increasing investments in housing and commercial infrastructure.
Key Questions Answered:
- What is the projected size of the North America Furniture Market by 2030?
- Which factors are driving the market’s growth?
- What role do eco-friendly and multifunctional furniture trends play in shaping the industry?
- How is online shopping influencing furniture sales?
- What are the key challenges faced by manufacturers in this sector?
The North America Furniture Market is poised for substantial growth, powered by innovation, sustainability, and the burgeoning e-commerce landscape. This expansion reflects the evolving consumer preferences and economic advancements in the region.
For a detailed overview of the study, click here:https://www.stellarmr.com/report/North-America-Furniture-Market/507
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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