North America Furniture Market to Expand Significantly: Valued at USD 215.71 Billion in 2023, Anticipated to Grow at an 8.4% CAGR Through 2030

The 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 215.71 billion in 2023 and is projected to grow at a CAGR of 8.4% during the forecast period. The market's growth is driven by increasing consumer purchasing power, rising demand for multifunctional furniture, and the expansion of e-commerce platforms catering to furniture sales. Additionally, increasing residential activities and tourism in the region are expected to boost the demand for furniture significantly.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The North America Furniture Market comprises a wide range of furniture products designed for residential, commercial, and outdoor purposes. The market has witnessed robust growth due to evolving consumer lifestyles, urbanization, and the increasing adoption of online shopping for furniture products. Companies are focusing on innovations such as eco-friendly and multifunctional furniture to cater to changing consumer preferences. The market is also heavily influenced by advancements in technology, enabling high-end, customizable furniture solutions tailored to customer needs.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/North-America-Furniture-Market/507

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

The growth of the North America Furniture Market is fueled by factors such as the expansion of the real estate sector, rising disposable incomes, and increasing consumer preference for sustainable furniture. The rapid development of smart cities and township projects is further boosting the demand for modern furniture solutions. Additionally, the trend of work-from-home has significantly increased the demand for home office furniture. Online platforms such as Tmall and JD.com have also played a crucial role in driving furniture sales by offering convenience and variety.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The North America Furniture Market is experiencing several key trends, including the growing popularity of DIY furniture among millennials and the rise of eco-friendly furniture driven by consumer environmental awareness. Multifunctional and space-saving furniture has gained traction as consumers look to maximize limited living spaces. The adoption of technology in furniture manufacturing has also enabled companies to create high-quality, customizable products. Moreover, the increasing prevalence of green homes in the United States is paving the way for sustainable furniture solutions, further driving market growth.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/North-America-Furniture-Market/507

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam has become a prominent exporter of high-quality furniture, catering significantly to the North American market. Companies like Hoa Phat Group are expanding production capacities to meet growing demand from the United States and Canada. Trends indicate an increasing focus on sustainable materials and eco-friendly furniture, with Vietnam's export-oriented furniture market playing a crucial role in supply chain diversification.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's furniture industry is gaining traction, with a strong emphasis on craftsmanship and unique designs. The market is projected to grow at a CAGR of 4.2%, supported by increased exports to North America. Companies like Index Living Mall are collaborating with international distributors to bring Thai furniture to global audiences. Recent trends highlight the adoption of teak and other high-quality materials for durable and premium furniture.

𝐉𝐚𝐩𝐚𝐧: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's minimalist design philosophy has had a significant influence on North American furniture preferences. Companies such as Muji and Nitori are expanding their reach into North America, offering modern and functional furniture solutions. Recent trends include the integration of smart furniture technologies, such as adjustable desks and IoT-enabled storage solutions, to cater to urban lifestyles.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's growing furniture market is driven by innovative designs and high-quality materials. Companies like Hanssem Corporation are focusing on expanding their presence in North America through strategic collaborations. Recent mergers, such as Hyundai Livart's acquisition of smaller design firms, have bolstered the competitive landscape. Smart furniture solutions are gaining popularity, particularly in urban settings.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's strategic position as a design and innovation hub is fostering its furniture industry's growth. Companies like Scanteak are introducing modular furniture tailored for North American consumers. Updation efforts include leveraging sustainable materials and advanced manufacturing technologies to meet the increasing demand for eco-friendly furniture. Collaborative projects with designers are also driving innovation in the Singaporean furniture market.

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The United States dominates the North America furniture market, with a projected CAGR of 4.7%. The market's growth is driven by increasing investments in e-commerce and the rising popularity of customizable furniture. Companies such as Ashley Furniture Industries and Herman Miller are leading the way with innovative designs and sustainability initiatives. Recent acquisitions, like Herman Miller's merger with Knoll, underline ongoing consolidation trends in the US furniture market.

𝐄𝐮𝐫𝐨𝐩𝐞: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's furniture industry is a key supplier to North America, known for its premium craftsmanship and sustainable practices. Countries like Italy, Germany, and Sweden are leading the export market. Key players such as IKEA and Roche Bobois are expanding their product lines to cater to North American tastes. Recent trends include collaborations with North American designers to create region-specific collections.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/North-America-Furniture-Market/507

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

By Material

Wood
Metal
Plastic
Others

By Category

Indoor
Outdoor

By End User

Residential
Office
Hotel
Others

By Country

United States
Canada
Mexico

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/North-America-Furniture-Market/507

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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
Steelcase Inc.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ North America Ice Cream Market https://stellarmr.com/report/North-America-Ice-Cream-Market/1233
♦ Asia Pacific Green Coffee Market https://stellarmr.com/report/Asia-Pacific-Green-Coffee-Market/1237
♦ Asia Pacific Pharmaceutical Gelatin Market https://stellarmr.com/report/APAC-Pharmaceutical-Gelatin-Market/1238
♦ Asia Pacific Washing Machine Market https://stellarmr.com/report/Asia-Pacific-Washing-Machine-Market/1239
♦ Asia Pacific Vinyl Flooring Market https://stellarmr.com/report/Asia-Pacific-Vinyl-Flooring-Market/1240
♦ Asia Pacific Building Insulation Materials Market https://www.stellarmr.com/report/Asia-Pacific-Building-Insulation-Materials-Market/1244
♦ Asia Pacific Dry Mix Mortar Market https://www.stellarmr.com/report/APAC-Dry-Mix-Mortar-Market/1245

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.