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North America Furniture Market

North America Furniture Market by Type (RTA, Residential, and Commercial), and Distribution Channel (Supermarkets & hypermarkets, Specialty Stores, E-commerce, and Others): Regional Opportunity Analysis and Industry Forecast 2021–2030

A14565
Pages: 163
Dec 2021 | 437 Views
   
Author(s) : Jaya Bundele , Roshan Deshmukh
Tables: 63
Charts: 43
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COVID-19

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The North America furniture market size was valued at $ 249,406.5 million in 2020 and is projected to reach $ 400,068.8 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.

Furniture are objects used to support various human activities such as seating, eating, sleeping, and others. They are made from various materials such as wood, plastic, and metals, and are also used to hold and position an object at certain required height either to store things or for aesthetic appeal. In addition, the recent trend of modular furniture in urban cities has provided the consumer with various options to decorate the residential apartment. 

North-America-furniture-Market-2021-2030

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The rapid growth in the real estate sector due to 100% foreign direct investment for township, smart cities, commercial buildings, and settlement development project is attracting investors in the real estate sector, which increase the quality of residential apartments. Growth in both, housing and commercial development will have a positive effect on furniture demand, driven by the need to furnish new constructions. Tourism has been on a rapid increase across the region. The rise in tourism sector is helping to cater the demand for various furniture products such as beds, sofas, and tables with the increase in number of hotel rooms. The furniture industry is projected to benefit through the subsequent demand from the hotel furniture. 

The growth in knowledge process outsourcing (KPO) and business process outsourcing (BPO) in countries such as the U.S. and Canada and others is expected to boost the demand for office furniture in the North America region. 

Furniture manufactures are facing various problems and challenges due to high cost of wood as well as non-availability of quality wood in required quantity. The high cost of the furniture has hampered the sector as a whole. The prices of raw materials used in making furniture such as chipboard, timber, foam, polish chemical materials, color paints, and hardware have increased. Timber production on the other hand has gone down drastically because of unchecked deforestation. 

The coronavirus outbreak had a significant impact on the North America furniture market. Due to lockdown, the new trend of work from home came into existence. The sales of home office furniture increased during the pandemic. Consumers are increasingly purchasing furniture online as they want to modify their houses to accommodate life in the modern era. In fact, according to combined research from Emarsys and GoodData, online orders for all products, from necessities to home repair and furnishings, have increased by over 80% in North America since January, 2020. 

North America Furniture Market
By type

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RTA segment is expected to grow at highest CAGR of 5.6% during the forecast period

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According to North America furniture market analysis, the North America furniture market is classified on the basis of type, distribution channel, and country. By type, the North America furniture market is segmented into RTA, residential, and commercial. The residential segment holds the highest North America furniture market share in 2020, duethe rise in trend of home furnishing and home decor with stylish and modular furniture. By distribution channel, the North America furniture market is categorized into supermarkets/hypermarkets, specialty stores, e-commerce, and others. The specialty stores was the highest revenue contributor in 2020, as the specialty store outlet focuses on furniture that contains a wide range of products and various associated items. Country wise, the North America furniture market is segmented intoU.S., Canada, and Mexico. U.S. contributed the highest revenue in 2020 and is expected to dominate the market during the North America furniture market forecast.

The development of eco-friendly raw materials such as bamboo, cork, and felt are used in manufacturing of furniture and other products such as shoes. Bamboo is a good replacement for wood in manufacturing of furniture due to its advantages over timber wood such as low-carbon raw material. Therefore, it is being adopted for furniture manufacturing on a larger scale. Cork material offers properties such as buoyant, insulation, impermeable, elastic, and fire resistant and it is harvested from the cork oak forests of western U.S. region. Cork is used in manufacturing of sofas, chair, table, and other furniture products. Felt is manufactured using recycled polyethylene terephthalate (PET) bottles and it can be used to manufacture chair, desk, and cabinet. Warming has made consumers inclined toward eco-friendly furniture products that have less environmental impact due to the growth in awareness of deforestation and its effects such as North America. 

North America Furniture Market
By distribution channel

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E-commerce segment is expected to grow at highest CAGR of 5.5% during the forecast period.

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Moreover, the cost of eco-friendly raw material is much lower than timber wood and other forest wood used in manufacturing of furniture, which is expected to further boost the demand for eco-friendly raw material application in the North America furniture industry. 

The prominent North America furniture industry players include Ralph Lauren Home, Knoll, Inc., Bassett Furniture Industries, Inter Ikea Systems BV, Kimball International, Inc., HNI Corporation, Haworth, Inc., Durham Furniture Inc., Steelcase Inc., and Stickley Furniture. Product launch is the most important growth strategy used by North America furniture market players, followed by collaboration and agreement, expansion, and acquisition. Several businesses have created innovative products to diversify their product offerings. Various companies use product launches to expand their market reach and serve customers.

North America Furniture Market
By country

2030
U.s. 
Canada
Mexico

U.S. dominates the market and is expected to grow at highest CAGR of 5.1% during the forecast period.

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of current North America furniture market trends, estimations, and dynamics of the North America furniture market from 2021 to 2030 to identify the prevailingNorth America furniture market opportunities.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the North America furniture market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as regional market, key players, market segments, application areas, and North America furniture market growth strategies.

Key Market Segments

  • By Type
    • RTA
    • Residential
    • Commercial
  • By Distribution Channel
    • Supermarkets & hypermarkets
    • Specialty Stores
    • E-commerce
    • Others
  • By Country
    • U.S.
    • Canada
    • Mexico
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst Tools and Models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pocket
3.2.2.Top winning strategies

3.3.Porter's five forces analysis

3.3.1.Bargaining power of suppliers
3.3.2.Bargaining power of buyers
3.3.3.Threat of substitution
3.3.4.Threat of new entrants
3.3.5.Intensity of competitive rivalry

3.4.Top player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in entrepreneurship and work from home
3.5.1.2.Growth in infrastructure investment in residential and commercial sector
3.5.1.3.Surge in inclination of customers toward modular furniture

3.5.2.Restraints

3.5.2.1.Rise in raw material price
3.5.2.2.Environmental restriction associated with deforestation

3.5.3.Opportunities

3.5.3.1.Development of eco-friendly raw materials
3.5.3.2.Growth in e-commerce sales

3.6.North America Furniture Market: COVID-19 impact analysis

CHAPTER 4:NORTH AMERICA FURNITURE MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.RTA

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country

4.3.Residential

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country

4.4.Commercial

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country

CHAPTER 5:NORTH AMERICA FURNITURE MARKET, BY DISTRIBUTION CHANNEL

5.1.Overview

5.1.1.Market size and forecast

5.2.Supermarkets and hypermarkets

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by country

5.3.Specialty stores

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by country

5.4.E-commerce

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by country

CHAPTER 6:NORTH AMERICA FURNITURE MARKET, BY COUNTRY

6.1.Overview

6.1.1.Key market trends, growth factors, and opportunities
6.1.2.Market size and forecast, by country

6.1.2.1.U.S.

6.1.2.1.1.Market size and forecast, by type
6.1.2.1.2.Market size and forecast, by distribution channel

6.1.2.2.Canada

6.1.2.2.1.Market size and forecast, by type
6.1.2.2.2.Market size and forecast, by distribution channel

6.1.2.3.Mexico

6.1.2.3.1.Market size and forecast, by type
6.1.2.3.2.Market size and forecast, by distribution channel

CHAPTER 7:COMPANY PROFILES

7.1.BASSETT FURNITURE INDUSTRIES (BASSETT)

7.1.1.Company overview
7.1.2.Key executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business performance
7.1.7.Key strategic moves and developments

7.2.DURHAM FURNITURE

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Key Executives
7.2.4.Product portfolio
7.2.5.Key strategic moves and developments

7.3.HAWORTH, INC.

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Key Executives
7.3.4.Product portfolio
7.3.5.Key strategic moves and developments

7.4.HERMAN MILLER, INC. (KNOLL, INC.)

7.4.1.Company overview
7.4.2.Key executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.R&D expenditure
7.4.7.Business performance
7.4.8.Key strategic moves and developments

7.5.HNI CORPORATION

7.5.1.Company overview
7.5.2.Key executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.5.6.Business performance
7.5.7.Key strategic moves and developments

7.6.INTER IKEA SYSTEMS B.V.

7.6.1.Company overview
7.6.2.Key executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Business performance
7.6.7.Key strategic moves and developments

7.7.KIMBALL INTERNATIONAL INC.

7.7.1.Company overview
7.7.2.Key executives
7.7.3.Company snapshot
7.7.4.Operating business segment
7.7.5.Product portfolio
7.7.6.R&D expenditure
7.7.7.Business performance
7.7.8.Key strategic moves and developments

7.8.RALPH LAUREN CORPORATION (RALPH LAUREN HOME COLLECTION, INC.)

7.8.1.Company overview
7.8.2.Key executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Business performance

7.9.STEELCASE INC.

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Key Executives
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Business performance
7.9.7.Key strategic moves and developments

7.10.STICKLEY FURNITURE, INC.

7.10.1.Company overview
7.10.2.Key executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.NORTH AMERICA FURNITURE MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 02.NORTH AMERICA FURNITURE MARKET FOR RTA, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 03.NORTH AMERICA FURNITURE MARKET FOR RESIDENTIAL, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 04.NORTH AMERICA FURNITURE MARKET FOR COMMERCIAL, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 05.NORTH AMERICA FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 06.NORTH AMERICA FURNITURE MARKET FOR SUPERMARKETS & HYPERMARKETS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 07.NORTH AMERICA FURNITURE MARKET FOR SPECIALTY STORES, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 08.NORTH AMERICA FURNITURE MARKET FOR E-COMMERCE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 09.NORTH AMERICA FURNITURE MARKET FOR OTHERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 10.NORTH AMERICA FURNITURE MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 11.U.S. FURNITURE MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 12.U.S. FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 13.CANADA FURNITURE MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 14.CANADA FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 15.MEXICO FURNITURE MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 16.MEXICO FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 17.BASSETT FURNITURE INDUSTRIES (BASSETT): KEY EXECUTIVES
TABLE 18.BASSETT FURNITURE INDUSTRIES (BASSETT): COMPANY SNAPSHOT
TABLE 19.BASSETT FURNITURE INDUSTRIES (BASSETT): OPERATING SEGMENTS
TABLE 20.BASSETT FURNITURE INDUSTRIES (BASSETT): PRODUCT PORTFOLIO
TABLE 21.BASSETT FURNITURE INDUSTRIES (BASSETT): NET SALES, 2018–2020 ($MILLION)
TABLE 22.DURHAM FURNITURE: COMPANY SNAPSHOT
TABLE 23.DURHAM FURNITURE: KEY EXECUTIVES
TABLE 24.DURHAM FURNITURE: PRODUCT PORTFOLIO
TABLE 25.HAWORTH, INC.: COMPANY SNAPSHOT
TABLE 26.HAWORTH, INC.: KEY EXECUTIVES
TABLE 27.HAWORTH: PRODUCT PORTFOLIO
TABLE 28.HERMAN MILLER, INC. (KNOLL, INC.): KEY EXECUTIVES
TABLE 29.HERMAN MILLER, INC. (KNOLL, INC.): COMPANY SNAPSHOT
TABLE 30.HERMAN MILLER, INC. (KNOLL, INC.): OPERATING SEGMENTS
TABLE 31.HERMAN MILLER, INC. (KNOLL, INC.): PRODUCT PORTFOLIO
TABLE 32.HERMAN MILLER, INC (KNOLL, INC.).: R&D EXPENDITURE, 2019–2021 ($MILLION)
TABLE 33.HERMAN MILLER, INC. (KNOLL, INC.): NET SALES, 2019–2021 ($MILLION)
TABLE 34.HNI CORPORATION: KEY EXECUTIVES
TABLE 35.HNI CORPORATION: COMPANY SNAPSHOT
TABLE 36.HNI CORPORATION: OPERATING SEGMENTS
TABLE 37.HNI CORPORATION: PRODUCT PORTFOLIO
TABLE 38.HNI CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 39.INTER IKEA SYSTEMS B.V.: KEY EXECUTIVES
TABLE 40.INTER IKEA SYSTEMS B.V.: COMPANY SNAPSHOT
TABLE 41.INTER IKEA SYSTEMS B.V.: OPERATING SEGMENTS
TABLE 42.INTER IKEA SYSTEMS B.V.: PRODUCT PORTFOLIO
TABLE 43.INTER IKEA SYSTEMS B.V.: NET SALES, 2018–2020 ($MILLION)
TABLE 44.KIMBALL INTERNATIONAL, INC.: KEY EXECUTIVES
TABLE 45.KIMBALL INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 46.KIMBALL INTERNATIONAL, INC: OPERATING SEGMENTS
TABLE 47.KIMBALL INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 48.KIMBERLY INTERNATIONAL, INC.: R&D EXPENDITURE, 2019–2021($MILLION)
TABLE 49.KIMBALL INTERNATION, INC.: NET SALES, 2019-2021 ($MILLION)
TABLE 50.RALPH LAUREN CORPORATION: KEY EXECUTIVES
TABLE 51.RALPH LAUREN CORPORATION: COMPANY SNAPSHOT
TABLE 52.RALPH LAUREN CORPORATION: OPERATING SEGMENTS
TABLE 53.RALPH LAUREN CORPORATION: PRODUCT PORTFOLIO
TABLE 54.RALPH LAUREN CORPORATION: NET SALES, 2019–2021 ($MILLION)
TABLE 55.STEELCASE, INC.: COMPANY SNAPSHOT
TABLE 56.STEELCASE, INC.: KEY EXECUTIVES
TABLE 57.STEELCASE, INC.: OPERATING SEGMENTS
TABLE 58.STEELCASE, INC.: PRODUCT PORTFOLIO
TABLE 59.STEELCASE, INC.: NET SALES EXPENDITURE, 2019–2021 ($MILLION)
TABLE 60.STICKLEY FURNITURE, INC.: KEY EXECUTIVES
TABLE 61.STICKLEY FURNITURE, INC.: COMPANY SNAPSHOT
TABLE 62.STICKLEY FURNITURE, INC.: OPERATING SEGMENTS
TABLE 63.STICKLEY FURNITURE, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.NORTH AMERICA FURNITURE MARKET SNAPSHOT
FIGURE 02.NORTH AMERICA FURNITURE MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKET, 2020-2030
FIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 05.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021* (%)
FIGURE 06.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021*
FIGURE 07.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08.MODERATE BARGAINING POWER OF BUYERS
FIGURE 09.MODERATE THREAT OF SUBSTITUTION
FIGURE 10.HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 12.FURNITURE MARKET BY DRIVERS, RESTRAINTS, AND OPPORTUNITES 2020
FIGURE 13.NORTH AMERICA FURNITURE MARKET SHARE, BY TYPE, 2020 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR RTA, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR RESIDENTIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.NORTH AMERICA FURNITURE MARKET SHARE, BY DISTRIBUTION CHANNEL, 2020 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR SUPERMARKETS AND HYPERMARKETS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR SPECIALTY STORES,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR E-COMMERCE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA FURNITURE MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 22.NORTH AMERICA FURNITURE MARKET SHARE, BY COUNTRY, 2020 (%)
FIGURE 23.U.S. FURNITURE MARKET, 2020–2030 ($MILLION)
FIGURE 24.CANADA FURNITURE MARKET, 2020–2030 ($MILLION)
FIGURE 25.MEXICO FURNITURE MARKET, 2020–2030 ($MILLION)
FIGURE 26.BASSETT FURNITURE INDUSTRIES (BASSETT): NET SALES, 2018–2020 ($MILLION)
FIGURE 27.BASSETT FURNITURE INDUSTRIES (BASSETT): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 28.HERMAN MILLER, INC (KNOLL, INC.).: R&D EXPENDITURE, 2019–2021 ($MILLION)
FIGURE 29.HERMAN MILLER, INC. (KNOLL, INC.): NET SALES, 2019–2021 ($MILLION)
FIGURE 30.HERMAN MILLER, INC. (KNOLL, INC.): REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 31.HNI CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 32.HNI CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 33.INTER IKEA SYSTEMS B.V.: NET SALES, 2018–2020 ($MILLION)
FIGURE 34.INTER IKEA SYSTEMS B.V.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 35.INTER IKEA SYSTEMS B.V.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 36.KIMBALL INTERNATIONAL, INC.: R&D EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 37.KIMBALL INTERNATIONAL, INC.: NET SALES, 2019–2021 ($MILLION)
FIGURE 38.KIMBALL INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 39.KIMBALL INTERNATIONAL, INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 40.RALPH LAUREN CORPORATION: NET SALES, 2019–2021 ($MILLION)
FIGURE 41.STEELCASE, INC.: NET SALES, 2019–2021 ($MILLION)
FIGURE 42.STEELCASE, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 43.STEELCASE, INC.: REVENUE SHARE BY REGION, 2021 (%)

 
 

According to the insights of CXOs of leading companies, the demand for furniture is on the rise across the North America region. Industry players have implemented key development tactics such as product launch to fuel the growth of the wooden floor market. Market players have launched advanced designs to increase demand for furniture. In recent years, the expanding business sector has also aided the expansion of the furniture market.

The acceptance of folding furniture is aided by the increase in rate of urbanization, rise in single and dual-living households, and surge in desire for classy yet small furniture to improve overall household aesthetics. Furthermore, the use of sustainable materials is minimized, and furniture is sold online, which increases the market demand among all income categories.

The furniture market in North America is influenced significantly by the online purchasing trend. For maximum reach, market players choose to sell their products via e-commerce platforms. Another growing trend in the market is collaborations between furniture producers and interior designers, which serve as an increasing sales channel for the manufacturers. In addition, there is an increase in the demand for eco-friendly furniture due to rise in environmental awareness among consumers in the region. The fundamental problem that operational players in this region face is a shortage of skilled labor. Further, the fluctuating cost of materials such as wood and leather also restrict the market growth.

 

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FREQUENTLY ASKED QUESTIONS?
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A. The North America furniture market size was valued at $ 249,406.5 million in 2020 and is projected to reach $ 400,068.8 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.

A. The CAGR of North America furniture market is 4.9% from 2021 to 2030.

A. The sample report of North America furniture market is available on the request on the website of Allied Market Research website.

A. The forecast period in the market report is from 2021 to 2030.

A. According to North America furniture market analysis, the North America furniture market is classified on the basis of type, distribution channel, and country. By type, the North America furniture market is segmented into RTA, residential, and commercial. By distribution channel, the North America furniture market is categorized into supermarkets/hypermarkets, specialty stores, e-commerce, and others. Country wise, the North America furniture market is segmented into U.S., Canada, and Mexico.

A. The prominent North America furniture industry players include Ralph Lauren Home, Knoll, Inc., Bassett Furniture Industries, Inter Ikea Systems BV, Kimball International, Inc., HNI Corporation, Haworth, Inc., Durham Furniture Inc., Steelcase Inc., and Stickley Furniture.

A. The growth in knowledge process outsourcing (KPO) and business process outsourcing (BPO) in countries such as the U.S. and Canada and others is expected to boost the demand for furniture market in the North America region.

A. The impact of post COVID-19 scenario in North America furniture market is quite positive.

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Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers