North America Furniture Market Is Expected to reach $400.06 billion by 2030

According to the report published by Allied Market Research, the North America furniture market generated $249.4 billion in 2020, and is projected to reach $400.06 billion by 2030, witnessing a CAGR of 4.9% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rise in entrepreneurship & work from home, growth in infrastructure investment in the residential & commercial sector, and surge in inclination of customers toward modular furniture drive the growth of the North America furniture market. However, rise in raw material price and environmental restriction associated with deforestation restrain the growth to some extent. On the other hand, development of eco-friendly raw materials and growth in e-commerce sales present new opportunities in the upcoming years.

📚 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/14934

COVID-19 scenario:

The outbreak of the COVID-19 pandemic had a significant impact on the growth of the North America furniture market.
The pandemic led to increasing adoption of the work from home culture, due to which sales of home office furniture experienced a steep incline.
Also, consumers started to purchase furniture online as they want to modify their houses according to the modern era.
The report offers detailed segmentation of the North America furniture market based on type, distribution channel, and country.

Based on type, the residential segment held the highest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the RTA segment is estimated to register the highest CAGR of 5.6% from 2021 to 2030.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.alliedmarketresearch.com/checkout-final/92dab33840b6b8d30384ef12378053f6

Based on distribution channel, the specialty stores segment held the largest market share in 2020, holding more than two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the e-commerce segment is projected to register the highest CAGR of 5.5% from 2021 to 2030.

Based on country, the U.S. contributed to the highest share in terms of revenue in 2020, holding more than two-thirds of the North America furniture market, and is estimated to continue its dominant share by 2030. Moreover, the same country is projected to manifest the fastest CAGR of 5.1% during the forecast period.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/14934

Leading players of the North America furniture market analyzed in the research include Ralph Lauren Home, Knoll, Inc., Bassett Furniture Industries, Inter Ikea Systems BV, Kimball International, Inc., HNI Corporation, Haworth, Inc., Durham Furniture Inc., Steelcase Inc., and Stickley Furniture.

Key Benefits For Stakeholders
This report provides a quantitative analysis of current North America furniture market trends, estimations, and dynamics of the North America furniture market from 2021 to 2030 to identify the prevailingNorth America furniture market opportunities.
Porter's five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the North America furniture market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as regional market, key players, market segments, application areas, and North America furniture market growth strategies.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.