United States Furniture Market: Product, Material, Application, Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2025-2035

The U.S. furniture market is currently experiencing robust growth, reflecting strong consumer demand and evolving lifestyle trends. Valued at approximately US$ 178.9 billion in 2025, the market is projected to nearly double by 2035, reaching an estimated valuation of US$ 345.5 billion. This impressive expansion corresponds to a compound annual growth rate (CAGR) of 6.8% over the forecast period from 2026 to 2035. Such sustained growth underscores the furniture industry's resilience and its ability to adapt to changing consumer preferences and broader economic factors.

Several key drivers are fueling this rapid market expansion. One of the most influential factors is the evolving housing landscape in the United States. As new residential developments continue and urban living spaces evolve, there is a growing need for furniture that fits diverse architectural styles and space constraints. This trend encourages innovation in design and functionality, prompting manufacturers to develop versatile, space-saving, and aesthetically appealing furniture that meets the demands of modern homes.

Noteworthy Market Developments

The furniture market is composed of a dynamic mix of well-established companies and ambitious new entrants, each striving to adapt to rapidly evolving consumer preferences and industry trends. Leading players in the sector are proactively responding by expanding their product offerings, embracing innovative designs, and broadening their range of services to maintain and grow their market share.

A clear example of this trend is seen in December 2025, when a renowned Italian luxury furniture and architectural brand introduced its designer collaboration with Giuseppe Bavuso to the U.S. market. The launch of the Lambda table, part of the brand's Modernity Flow collection, exemplifies how high-end brands are leveraging exclusive designer partnerships to captivate discerning consumers seeking unique, artistic pieces.

In a significant consolidation within the industry, August 2025 saw HNI Corporation agreeing to acquire Steelcase for USD 2.2 billion. This merger created the largest U.S. entity combining office and residential furniture suppliers, positioning the combined company to serve a broad spectrum of customers with an expanded portfolio.

Meanwhile, IKEA continues to reinforce its presence in key regional markets with strategic expansion plans. In June 2025, the company confirmed its intention to open two new stores in the Phoenix area in 2026. This move is part of IKEA's broader effort to strengthen its foothold in the Southwest United States, a region experiencing population growth and increasing demand for affordable, stylish, and functional furniture.

Core Growth Drivers

The demand for multifunctional and space-saving furniture has emerged as a significant growth driver within the furniture industry. This trend is largely influenced by changing living environments and lifestyle needs, particularly in urban areas where space is becoming increasingly limited. In 2024, the average size of new apartments in the United States shrank to just 887 square feet, a reduction that compels consumers to prioritize furniture that maximizes utility without compromising on style or comfort. As living spaces become smaller, the value placed on furniture that can serve multiple purposes-such as seating that converts into storage or tables that double as workstations-has grown substantially.

Emerging Opportunity Trends

The integration of technology is fundamentally transforming the perception of furniture from static, traditional objects into dynamic, interactive components of the connected home. This shift is reshaping the furniture industry, as consumers increasingly seek products that offer not only comfort and style but also smart features that enhance convenience, health, and lifestyle. Furniture is no longer seen simply as a piece of decor or functional utility; it is becoming an integral part of the smart home ecosystem, capable of connecting with other devices and adapting to the user's needs in real time.

Barriers to Optimization

Volatile raw material prices, particularly for essential inputs such as wood, steel, and textiles, pose a significant challenge to manufacturers by increasing production costs and creating uncertainty in budgeting and planning. Fluctuations in the prices of these fundamental materials can be driven by various factors, including supply chain disruptions, geopolitical tensions, changes in demand, and natural disasters. When raw material costs rise unexpectedly, manufacturers often face the difficult decision of whether to absorb these costs or pass them on to consumers, both of which can negatively impact profit margins. Such instability makes it harder for companies to maintain consistent pricing and profitability, which can, in turn, slow investment and innovation within the industry.

Detailed Market Segmentation

By product, in 2025, seating furniture remains the primary revenue driver within the U.S. furniture industry, commanding a significant market share of over 34%. This dominant position is rooted in several key factors that sustain strong consumer demand across both residential and commercial sectors. Seating furniture, which includes items such as chairs, sofas, stools, and benches, is considered a "high-touch" category-meaning these pieces experience frequent use and, consequently, higher rates of wear and tear. As a result, replacement cycles for seating furniture tend to be shorter compared to other types of furniture, fueling consistent demand as consumers and businesses regularly update or replace these essential items.

By material, wood remains the most popular material used in furniture manufacturing in the United States, commanding the largest market share at 39%. This prominent position highlights wood's enduring appeal and its reputation for durability, quality, and timelessness. Throughout American history, wood has been a preferred choice for furniture due to its natural strength, versatility, and aesthetic warmth, which allows it to suit a wide array of design styles-from classic to contemporary. Its ability to be crafted into diverse shapes and finishes further enhances its desirability among consumers and manufacturers.

By application, the residential applications dominate the demand for furniture, accounting for over 61% of the market share. This substantial demand is closely tied to the vast and diverse American housing landscape, which encompasses a wide range of living spaces from single-family homes to apartments and condominiums. The sheer size and variety of residential properties across the country create a continuous and robust need for furniture that caters to different styles, functionalities, and space requirements. This extensive housing market naturally drives a high volume of furniture consumption as homeowners and renters seek to furnish and personalize their living environments.

Segment Breakdown

By Product

• Bedroom Furniture
• Seating furniture
• Storage furniture
• Desk and Tables
• Others

By Material

• Metal
• Wood
• Plastic
• Glass
• Others

By Application

• Residential
• Commercial

Leading Market Participants

• Bassett Furniture Industries
• Ashley Furniture
• Steelcase Inc.
• Haworth Inc.
• HNI Corporation
• Flexsteel Industries
• Sauder Woodworking Co.
• La-Z-Boy
• L. & J.G. Stickley
• Other Prominent Players