GITNUX MARKETDATA REPORT 2024

Us Furniture Industry Statistics

The US furniture industry is expected to generate approximately $115 billion in revenue in 2021, with a strong growth forecast driven by factors such as increasing disposable income and housing demand.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and insights about the U.S. furniture industry. From the staggering retail sales figures to the top buying states and trends in online sales, we delve into various facets of this thriving sector. With a focus on production, imports, employment figures, and future projections, join us as we uncover the latest data shaping the furniture landscape in the United States.

Statistic 1

"U.S. retail sales of furniture amounted to approximately $114.6 billion in 2019."

Statistic 2

"California, Texas, Florida, New York and Illinois represent the top five furniture buying states in the US."

Statistic 3

"In 2019, residential furniture manufacturing was the largest sector in the U.S furniture industry, accounting for over 65% of the total production value."

Statistic 4

"Approximately 60% of furniture sold in the US is imported."

Statistic 5

"Online furniture sales in the U.S. grew by 15 percent from 2019 to 2020."

Statistic 6

"In 2021, the US furniture industry is projected to garner revenue of $65.1 billion."

Statistic 7

"The US Furniture and Home Furnishing Stores industry saw 4.9% average company growth rate from 2016 to 2021."

Statistic 8

"In 2019, there were a total of 28,400 furniture and home furnishing stores in the United States."

Statistic 9

"The U.S. Office Furniture Manufacturing industry has 1,381 businesses as of 2021."

Statistic 10

"There are around 137 companies in the ''Household Furniture (except Wood and Metal) Manufacturing” industry in the United States."

Statistic 11

"Over 500,000 people were employed in the furniture and furnishings store sector in the U.S. in July 2020."

Statistic 12

"As of 2018, the United States imported nearly $35.27 billion worth of furniture."

Statistic 13

"The U.S. exports of furniture and bedding were worth approximately $3 billion in 2019."

Statistic 14

"Online furniture and homeware sales in the U.S. reached $52.47 billion in 2018."

Statistic 15

"The furniture store industry in the United States had an average growth rate of 0.57% in Q3 2021 compared to the previous month."

Statistic 16

"The revenue of furniture stores in the USA is forecasted to grow at a CAGR of 1.4% from 2020 to 2025."

Statistic 17

"The U.S. demand for outdoor furniture and grills is projected to increase 3.7 percent per year to $9.1 billion in 2021."

Statistic 18

"Growth in revenue from U.S. kitchen furniture manufacturers is projected to expand at a CAGR of 4.8% from 2021 to 2026."

Statistic 19

"In 2019, the US home furnishings store sales amounted to about $62.5 billion."

In summary, the U.S. furniture industry is a significant economic powerhouse, with strong retail sales and a high level of importation. Online sales are a growing trend, and the industry is forecasted to continue growing in revenue and demand for various furniture categories. The sector provides employment to hundreds of thousands of people and is a key player in the country’s economy. The statistics paint a picture of a dynamic and evolving industry that adapts to changing consumer preferences and market trends.