GITNUXREPORT 2025

Home Furnishings Industry Statistics

Home furnishings market grows online, eco-friendly, sustainable, millennial-driven.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

Approximately 60% of consumers prefer purchasing furniture online rather than in-store in 2023

Statistic 2

The average household in the U.S. spends around $2,000 annually on home furnishings and décor

Statistic 3

The average lifespan of upholstered furniture is approximately 7-15 years depending on quality and use

Statistic 4

The proportion of consumers using augmented reality apps to preview furniture in their homes increased by 30% in 2023

Statistic 5

The most common material for sofas in 2023 is polyester, used in about 60% of new furniture

Statistic 6

About 45% of furniture buyers in 2023 are women, highlighting a shift in purchasing power

Statistic 7

The average order value for online furniture purchases was approximately $350 in 2023

Statistic 8

Around 23% of consumers in 2023 prioritized durability and warranty when purchasing home furnishings, reflecting quality concerns

Statistic 9

Nearly 70% of U.S. consumers research furniture online before purchase, highlighting the importance of digital presence

Statistic 10

The average rate of return for online furniture purchases is around 15%, primarily due to mismatched expectations or quality issues

Statistic 11

In 2023, 45% of consumers preferred eco-friendly packaging when receiving furniture items, driving changes in logistics and supply chain practices

Statistic 12

Approximately 55% of furniture buyers in 2023 are influenced by social media trends and influencer marketing, highlighting digital marketing importance

Statistic 13

In 2023, the online presence of furniture brands increased average website traffic by 22%, boosting brand visibility

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The global home furnishings market was valued at approximately $650 billion in 2023

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The online home furnishings retail segment is expected to grow at a CAGR of 8.2% from 2023 to 2028

Statistic 16

Millennials are projected to dominate home furnishings purchases, making up over 35% of buyers in 2023

Statistic 17

Sustainable and eco-friendly furniture sales increased by 15% in 2023 compared to the previous year

Statistic 18

The demand for modular and multifunctional furniture surged by 20% during the 2023 home renovation season

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The global hotel furnishings market is anticipated to reach $20 billion by 2025, growing at a CAGR of 4.5%

Statistic 20

Custom furniture sales are rising, accounting for about 25% of total furniture sales in 2023

Statistic 21

The average furniture retail store has shrunk from 18,000 sq ft in 2010 to around 12,000 sq ft in 2023, indicating a shift toward online shopping

Statistic 22

The global luxury furniture market is expected to grow at a CAGR of 5.3% through 2027, reaching $15 billion

Statistic 23

Indoor furniture sales account for approximately 70% of total home furnishings revenue in 2023, with outdoor furniture making up the remaining 30%

Statistic 24

The average price of a new sofa in 2023 is around $700, up by 10% from 2020, due to inflation and increased material costs

Statistic 25

The global market for home textile furnishings (curtains, bedding, etc.) is valued at over $30 billion in 2023

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E-commerce furniture sales increased by 25% in 2023 compared to 2022, reaching over $50 billion globally

Statistic 27

The use of synthetic materials like faux leather in furniture increased by 8% in 2023 due to cost-effectiveness and animal welfare concerns

Statistic 28

The share of secondhand or vintage furniture sales in the resale market grew by 18% in 2023, driven by sustainability and affordability trends

Statistic 29

The average showroom traffic for furniture stores declined by 20% between 2018 and 2023, reflecting the rise of online shopping

Statistic 30

The fastest-growing furniture category in 2023 was ergonomic office furniture, with sales increasing by 30% year-over-year

Statistic 31

The demand for children’s furniture grew by 12% in 2023, with safety and eco-credentials as primary factors

Statistic 32

The global rise in urbanization has led to a 10% increase in small-space furniture sales in 2023, catering to apartment dwellers

Statistic 33

The use of natural wood in furniture manufacturing was reported in 55% of new products in 2023, showing a return to traditional craftsmanship

Statistic 34

The average lead time for custom furniture production in 2023 was approximately 8-12 weeks, depending on complexity

Statistic 35

The Asia-Pacific region accounted for approximately 35% of the global home furnishings market in 2023, driven by growing middle-class demand

Statistic 36

The growth in smart home integration has led to a 15% increase in demand for connected furniture in 2023, integrating technology like charging stations and IoT controls

Statistic 37

The market for outdoor furniture is projected to reach $18 billion globally by 2026, with a CAGR of 7%, reflecting increasing outdoor living spaces

Statistic 38

The global market for vintage and antique furniture is estimated at $12 billion in 2023 and growing steadily, fueled by nostalgia and sustainability trends

Statistic 39

The furniture repair and refinishing sector grew by 10% in 2023 as consumers seek sustainable ways to extend furniture lifespan

Statistic 40

North America accounted for over 40% of the worldwide home furnishings market share in 2023

Statistic 41

The furniture manufacturing sector employed approximately 350,000 workers in the United States in 2023

Statistic 42

The use of sustainable materials in furniture manufacturing is up by 12% in 2023, driven by consumer demand for eco-products

Statistic 43

The use of recycled materials in furniture manufacturing grew by 20% in 2023, driven by environmental awareness and regulatory changes

Statistic 44

The majority of furniture retailers (around 65%) plan to expand their online presence in 2024, indicating a shift in sales channels

Statistic 45

The fastest-growing distribution channel for home furnishings in 2023 was direct-to-consumer online platforms, with a 28% increase in sales

Statistic 46

The adoption of augmented reality (AR) in retail stores increased by 35% in 2023, helping consumers visualize furniture in their own space before purchasing

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Key Highlights

The global home furnishings market was valued at approximately $650 billion in 2023
North America accounted for over 40% of the worldwide home furnishings market share in 2023
The online home furnishings retail segment is expected to grow at a CAGR of 8.2% from 2023 to 2028
Millennials are projected to dominate home furnishings purchases, making up over 35% of buyers in 2023
Approximately 60% of consumers prefer purchasing furniture online rather than in-store in 2023
The average household in the U.S. spends around $2,000 annually on home furnishings and décor
Sustainable and eco-friendly furniture sales increased by 15% in 2023 compared to the previous year
The demand for modular and multifunctional furniture surged by 20% during the 2023 home renovation season
The global hotel furnishings market is anticipated to reach $20 billion by 2025, growing at a CAGR of 4.5%
The average lifespan of upholstered furniture is approximately 7-15 years depending on quality and use
Custom furniture sales are rising, accounting for about 25% of total furniture sales in 2023
The proportion of consumers using augmented reality apps to preview furniture in their homes increased by 30% in 2023
The furniture manufacturing sector employed approximately 350,000 workers in the United States in 2023

The home furnishings industry is experiencing a dynamic transformation, with online sales soaring, Millennials dominating purchasing trends, and a growing emphasis on sustainability, all contributing to a market valued at over $650 billion in 2023.

Consumer Behavior and Preferences

Approximately 60% of consumers prefer purchasing furniture online rather than in-store in 2023
The average household in the U.S. spends around $2,000 annually on home furnishings and décor
The average lifespan of upholstered furniture is approximately 7-15 years depending on quality and use
The proportion of consumers using augmented reality apps to preview furniture in their homes increased by 30% in 2023
The most common material for sofas in 2023 is polyester, used in about 60% of new furniture
About 45% of furniture buyers in 2023 are women, highlighting a shift in purchasing power
The average order value for online furniture purchases was approximately $350 in 2023
Around 23% of consumers in 2023 prioritized durability and warranty when purchasing home furnishings, reflecting quality concerns
Nearly 70% of U.S. consumers research furniture online before purchase, highlighting the importance of digital presence
The average rate of return for online furniture purchases is around 15%, primarily due to mismatched expectations or quality issues
In 2023, 45% of consumers preferred eco-friendly packaging when receiving furniture items, driving changes in logistics and supply chain practices
Approximately 55% of furniture buyers in 2023 are influenced by social media trends and influencer marketing, highlighting digital marketing importance

Consumer Behavior and Preferences Interpretation

In 2023, as nearly 70% of U.S. consumers research furniture online and 60% prefer shopping amid social media trends, the furniture industry is undeniably becoming a digital battleground where convenience, eco-consciousness, and influencer power shape our living rooms—though the 15% return rate suggests a need for better matches between expectations and reality.

Growth Trends

In 2023, the online presence of furniture brands increased average website traffic by 22%, boosting brand visibility

Growth Trends Interpretation

As furniture brands leaped onto the digital couch, a 22% surge in website traffic in 2023 demonstrates that online showroom visits are now an essential part of furnishing success rather than just a digital fluff.

Market Segments and Growth Trends

The global home furnishings market was valued at approximately $650 billion in 2023
The online home furnishings retail segment is expected to grow at a CAGR of 8.2% from 2023 to 2028
Millennials are projected to dominate home furnishings purchases, making up over 35% of buyers in 2023
Sustainable and eco-friendly furniture sales increased by 15% in 2023 compared to the previous year
The demand for modular and multifunctional furniture surged by 20% during the 2023 home renovation season
The global hotel furnishings market is anticipated to reach $20 billion by 2025, growing at a CAGR of 4.5%
Custom furniture sales are rising, accounting for about 25% of total furniture sales in 2023
The average furniture retail store has shrunk from 18,000 sq ft in 2010 to around 12,000 sq ft in 2023, indicating a shift toward online shopping
The global luxury furniture market is expected to grow at a CAGR of 5.3% through 2027, reaching $15 billion
Indoor furniture sales account for approximately 70% of total home furnishings revenue in 2023, with outdoor furniture making up the remaining 30%
The average price of a new sofa in 2023 is around $700, up by 10% from 2020, due to inflation and increased material costs
The global market for home textile furnishings (curtains, bedding, etc.) is valued at over $30 billion in 2023
E-commerce furniture sales increased by 25% in 2023 compared to 2022, reaching over $50 billion globally
The use of synthetic materials like faux leather in furniture increased by 8% in 2023 due to cost-effectiveness and animal welfare concerns
The share of secondhand or vintage furniture sales in the resale market grew by 18% in 2023, driven by sustainability and affordability trends
The average showroom traffic for furniture stores declined by 20% between 2018 and 2023, reflecting the rise of online shopping
The fastest-growing furniture category in 2023 was ergonomic office furniture, with sales increasing by 30% year-over-year
The demand for children’s furniture grew by 12% in 2023, with safety and eco-credentials as primary factors
The global rise in urbanization has led to a 10% increase in small-space furniture sales in 2023, catering to apartment dwellers
The use of natural wood in furniture manufacturing was reported in 55% of new products in 2023, showing a return to traditional craftsmanship
The average lead time for custom furniture production in 2023 was approximately 8-12 weeks, depending on complexity
The Asia-Pacific region accounted for approximately 35% of the global home furnishings market in 2023, driven by growing middle-class demand
The growth in smart home integration has led to a 15% increase in demand for connected furniture in 2023, integrating technology like charging stations and IoT controls
The market for outdoor furniture is projected to reach $18 billion globally by 2026, with a CAGR of 7%, reflecting increasing outdoor living spaces
The global market for vintage and antique furniture is estimated at $12 billion in 2023 and growing steadily, fueled by nostalgia and sustainability trends
The furniture repair and refinishing sector grew by 10% in 2023 as consumers seek sustainable ways to extend furniture lifespan

Market Segments and Growth Trends Interpretation

As the $650 billion global home furnishings market shifts digital with an 8.2% CAGR and eco-friendly, modular, and vintage furniture gaining ground—especially among Millennials—the industry signals not just a furniture refresh but a cultural one, where smart, sustainable, and space-savvy living takes center stage over sprawling showrooms and traditional styles.

Regional and Demographic Insights

North America accounted for over 40% of the worldwide home furnishings market share in 2023
The furniture manufacturing sector employed approximately 350,000 workers in the United States in 2023

Regional and Demographic Insights Interpretation

With North America securing over 40% of the global home furnishings market and employing around 350,000 workers, it's clear that the furniture industry isn't just about stylish spaces—it's a cornerstone of economic craftsmanship and market dominance.

Sustainability and Eco-Friendly Initiatives

The use of sustainable materials in furniture manufacturing is up by 12% in 2023, driven by consumer demand for eco-products
The use of recycled materials in furniture manufacturing grew by 20% in 2023, driven by environmental awareness and regulatory changes

Sustainability and Eco-Friendly Initiatives Interpretation

With a 12% rise in sustainable materials and a 20% surge in recycled content, the home furnishings industry is clearly trimming its carbon footprint—one eco-conscious piece at a time.

Technological Innovations and Retail Channels

The majority of furniture retailers (around 65%) plan to expand their online presence in 2024, indicating a shift in sales channels
The fastest-growing distribution channel for home furnishings in 2023 was direct-to-consumer online platforms, with a 28% increase in sales
The adoption of augmented reality (AR) in retail stores increased by 35% in 2023, helping consumers visualize furniture in their own space before purchasing

Technological Innovations and Retail Channels Interpretation

As furniture retailers pivot toward digital, the rise of direct-to-consumer online sales and augmented reality tools signals a transformative era where virtual visualization may soon become the cornerstone of home furnishings shopping.