PUBLISHER: Grand View Research | PRODUCT CODE: 1772613
PUBLISHER: Grand View Research | PRODUCT CODE: 1772613
The U.S. furniture market is estimated to reach USD 292.26 billion in 2033 and is expected to expand at a CAGR of 6.2% in the forecast period from 2025 to 2033. The U.S. furniture industry is transforming, driven by shifting market dynamics and evolving consumer preferences. With sustainability becoming increasingly important, manufacturers adopt recycled materials and eco-conscious production practices. Simultaneously, there is a rising demand for multifunctional, modular, and tech-enabled furniture that maximizes space and remains budget-friendly.
In 2025, local sourcing and manufacturing will become increasingly significant in the U.S. furniture industry. Choosing locally made furniture offers benefits that extend beyond convenience. It strengthens the local economy by generating employment and supporting small businesses, thereby promoting economic development and community resilience. Ethan Allen exemplifies this approach, with approximately 75% of its furniture produced in North America. The company operates several manufacturing facilities across the U.S., including in Vermont and North Carolina, as well as in Mexico and Honduras.
Furniture rental and subscription services are gaining traction among younger urban populations. These flexible options provide access to premium furniture without the burden of long-term ownership, making them especially suitable for individuals who move often. Moreover, they contribute to sustainability by encouraging reuse and minimizing waste.