Latest News- Home Furniture Market in US: Living room furniture is expected to lead the Product segment during 2025-2029

The Home Furniture Market in US is being driven by Improving residential construction market

The Home Furniture Market in US is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11 billion. In the dynamic home furniture market of the US, the trend towards eco-friendly or green furniture is gaining significant traction. This shift is driven by increasing consumer awareness and demand for sustainable products, spurred on by concerns over environmental implications such as global warming. Manufacturers are responding by focusing on reducing carbon footprints and creating styles that cater to consumer preferences while minimizing environmental impact. The eco-conscious movement in furniture production is poised to become a major force in the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Living room furniture
  • Bedroom furniture
  • Storage furniture
  • Others
• Distribution Channel
  • Brick and mortar
  • Online mode
• Material
  • Wood
  • Metal
  • Glass
  • Others
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Improving residential construction market
• Increased awareness of home decor and attractive furnishings
• Increasing online sales

However, the market also witnesses some limitations, which are as follows:

• Inherent threat from re-used furniture
• Diversified consumer preferences and rapid buying patterns
• Uncertainty in prices of raw materials

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Market Scope in Home Furniture Market in US Research Report

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Research Analysis Overview

The home furniture market in the US is experiencing a surge in online orders, driven by supply chain improvements and global trade. Eco-friendly furniture is gaining popularity, aligning with various lifestyles. New product lines, including those made of wood, leather, and metals like rose gold, gold, brass, and blackened metals, are emerging. Economic growth and consumers' spending power fuel the demand for both standard and luxury home furnishings. The industry, including offices and economic recovery, benefits from the real GDP increase. Luxury interior designers create unique, high-end experiences, driving growth in the luxury furniture market. However, rising material costs and a skilled labor shortage pose challenges.

Market Research Overview

The home furniture market in the US is a significant segment of the global home furnishings industry, encompassing manufacturers and marketers of furniture, home decor, floor coverings, and related products. According to Technavio, market growth is driven by several factors, including the surge in residential and commercial construction projects, leading to increased demand for new furniture and renovation projects. Furthermore, there is a growing trend towards eco-friendly and sustainable furniture solutions, with consumers prioritizing sustainability and lifestyle preferences in their purchasing decisions. New product lines, such as ready-to-assemble (RTA) furniture, are gaining popularity due to their affordability and convenience. However, challenges persist in the form of rising material costs and a skilled labor shortage, which may impact production and profitability. Global trade policies and supply chain disruptions also pose risks to market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/