$147.0bn
$X.Xbn
477k
63,816
$XX.Xbn
Over the last five years, furniture stores have been significantly impacted by the growth of e-commerce, with consumers gaining confidence in purchasing furniture online because of its convenience, extensive product range and competitive prices. This growth has led to an increase in online furniture stores and the need for traditional furniture retailers to establish a robust online presence. The COVID-19 pandemic heightened this trend, forcing even more consumers to shop online. Another trend that has shaped the industry is customization, with consumers seeking unique, personalized furniture. A notable increase in home renovations and redecorations, fueled by the pandemic also boosted consumer demand for furniture during most of the period. Conversely, the industry experienced a drop in revenue towards the end of the five-year period as high interest rates slowed down the housing market, decreasing consumer demand for furniture. Nonetheless, industry revenue is expected to increase at a CAGR of 3.4% to $147.0 billion over the past five years, including a rise of 1.2% in 2024 alone.
Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated $147.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Ashley Furniture Industries, Inc. | 5,116.7 | 246.6 | 4.8 | |
Inter Ikea Systems B.V. | 4,504.4 | 252.0 | 5.6 | |
Williams-Sonoma, Inc. | 2,676.2 | 273.7 | 10.2 |
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Industry revenue is measured across several distinct product and services lines, including Living room furniture, Dining room furniture and Bedroom furniture. Living room furniture is the largest segment of the Furniture Stores in the US.
Consumers are focusing on furnishing living rooms
Operators in this industry primarily sell household, outdoor and office furniture, except those sold combined with office supplies and equipment. This industry predominantly markets and retails living room, dining room and bedroom furniture, upholstered and otherwise. Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales.
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NAICS 44211 - Furniture Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Home renovations have driven revenue growth. Consumers changing the looks of their homes often encourages them to buy new furniture, boosting new furniture sales.
Learn about an industry's products and services, markets and trends in international trade.
Bedroom furniture is impacted by macroeconomic volatility to a lesser extent. Because most consumers have to furnish their bedrooms, even when living in a smaller space, this...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Furniture retailers open stores near densely populated areas. These locations typically have more households and higher construction activity as the need for new furniture in...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is becoming increasingly price-competitive amid growing external competition. Mass merchandisers, warehouse clubs and online retailers benefit from lower operati...
Learn about the performance of the top companies in the industry.
Williams-Sonoma acquires a digital imaging company that enables consumers to visualize furniture in their spaces. This is an effort to make consumers more comfortable with on...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Economic uncertainty leads to lower spending on furniture. Consumers are less inclined to buy big-ticket items when uncertain about the economy's future, directly harming ret...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the most significant expense for furniture stores. The prices of lumber and steel, two main inputs for furniture production, are highly volatile, directly impac...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Furniture Stores in the US industry in United States is $147.0bn in 2024.
There are 63,816 businesses in the Furniture Stores in the US industry in United States, which has grown at a CAGR of 7.9 % between 2019 and 2024.
The market size of the Furniture Stores in the US industry in United States has been growing at a CAGR of 3.4 % between 2019 and 2024.
Over the next five years, the Furniture Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Furniture Stores market in United States are Ashley Furniture Industries, Inc., Inter Ikea Systems B.V. and Williams-Sonoma, Inc.
Bedroom furniture and Dining room furniture are part of the Furniture Stores in the US industry.
The company holding the most market share in United States is Ashley Furniture Industries, Inc..
The level of competition is high and steady in the Furniture Stores in the US industry in United States.