Furniture Stores in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 44211Revenue
$147.0bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
477k
Businesses
63,816
Wages
$XX.Xbn
Furniture Stores in the US industry analysis
Over the last five years, furniture stores have been significantly impacted by the growth of e-commerce, with consumers gaining confidence in purchasing furniture online because of its convenience, extensive product range and competitive prices. This growth has led to an increase in online furniture stores and the need for traditional furniture retailers to establish a robust online presence. The COVID-19 pandemic heightened this trend, forcing even more consumers to shop online. Another trend that has shaped the industry is customization, with consumers seeking unique, personalized furniture. A notable increase in home renovations and redecorations, fueled by the pandemic also boosted consumer demand for furniture during most of the period. Conversely, the industry experienced a drop in revenue towards the end of the five-year period as high interest rates slowed down the housing market, decreasing consumer demand for furniture. Nonetheless, industry revenue is expected to increase at a CAGR of 3.4% to $147.0 billion over the past five years, including a rise of 1.2% in 2024 alone.
Trends and Insights
- Home renovations have driven revenue growth. Consumers changing the looks of their homes often encourages them to buy new furniture, boosting new furniture sales.
- Bedroom furniture is impacted by macroeconomic volatility to a lesser extent. Because most consumers have to furnish their bedrooms, even when living in a smaller space, this segment accounts for a significant share of revenue.
- Furniture retailers open stores near densely populated areas. These locations typically have more households and higher construction activity as the need for new furniture in these regions tends to be higher.
- The industry is becoming increasingly price-competitive amid growing external competition. Mass merchandisers, warehouse clubs and online retailers benefit from lower operating costs, which enable them to offer lower prices and attract consumers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated $147.0bn in 2024.
Trends and Insights
E-commerce boom forces stores to adapt to changing consumer preferences
- E-commerce has become more popular among consumers as they grow confident about purchasing furniture online. Convenience, extensive product range, access to product information and competitive pricing contribute to this shift in consumer preferences.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Uncertain economic conditions will impact future growth
- Economic volatility and uncertainty caused by geopolitical tensions, trade disputes and fluctuating interest rates will challenge the growth of furniture stores. These factors can lead to the appreciation of the dollar and supply chain disruptions, both of which make imported furniture more expensive to domestic buyers.
Biggest companies in the Furniture Stores in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Ashley Furniture Industries, Inc. | 5,116.7 | 246.6 | 4.8 | |
Inter Ikea Systems B.V. | 4,504.4 | 252.0 | 5.6 | |
Williams-Sonoma, Inc. | 2,676.2 | 273.7 | 10.2 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Living room furniture, Dining room furniture and Bedroom furniture. Living room furniture is the largest segment of the Furniture Stores in the US.
Trends and Insights
Consumers are focusing on furnishing living rooms
- Living room furniture includes coffee tables, sofa tables, end tables, sofas, loveseats, chairs, bookshelves, ottomans, display cabinets, consoles, TV stands, sleep sofas, daybeds and futons. These pieces are often larger and more durable, making them more expensive than other furniture.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Department Stores in the US
- Warehouse Clubs & Supercenters in the US
Complementors
- Household Furniture Manufacturing in the US
- Office Furniture Manufacturing in the US
- Furniture Wholesaling in the US
International industries
- Furniture Stores in Canada
- Furniture Retailing in Australia
- Furniture Retailing in New Zealand
- Furniture & Home Furnishings Repair in the UK
Table of Contents
About this industry
Industry definition
Operators in this industry primarily sell household, outdoor and office furniture, except those sold combined with office supplies and equipment. This industry predominantly markets and retails living room, dining room and bedroom furniture, upholstered and otherwise. Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales.
What's included in this industry?
Bedroom furnitureDining room furnitureLiving room furniture Outdoor furnitureOffice furnitureCompanies
Ashley Furniture Industries, Inc.Inter Ikea Systems B.V.Williams-Sonoma, Inc.Purchase this report to view all 6 major companies in this industry.
Related Terms
BRICK-AND-MORTAR ELECTRONIC DATA INTERCHANGEUPHOLSTERED FURNITUREBIG-BOX STOREIndustry Code
NAICS 44211 - Furniture Stores in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Home renovations have driven revenue growth. Consumers changing the looks of their homes often encourages them to buy new furniture, boosting new furniture sales.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Bedroom furniture is impacted by macroeconomic volatility to a lesser extent. Because most consumers have to furnish their bedrooms, even when living in a smaller space, this...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Furniture retailers open stores near densely populated areas. These locations typically have more households and higher construction activity as the need for new furniture in...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry is becoming increasingly price-competitive amid growing external competition. Mass merchandisers, warehouse clubs and online retailers benefit from lower operati...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Williams-Sonoma acquires a digital imaging company that enables consumers to visualize furniture in their spaces. This is an effort to make consumers more comfortable with on...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Ashley Furniture Industries, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Inter Ikea Systems B.V.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Williams-Sonoma, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Ashley Furniture Industries, Inc., and factors influencing its performance in the industry
- Description and key data for Inter Ikea Systems B.V., and factors influencing its performance in the industry
- Description and key data for Williams-Sonoma, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Economic uncertainty leads to lower spending on furniture. Consumers are less inclined to buy big-ticket items when uncertain about the economy's future, directly harming ret...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the most significant expense for furniture stores. The prices of lumber and steel, two main inputs for furniture production, are highly volatile, directly impac...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Furniture Stores in the US industry in United States in 2024?
The market size of the Furniture Stores in the US industry in United States is $147.0bn in 2024.
How many businesses are there in the Furniture Stores in the US industry in 2024?
There are 63,816 businesses in the Furniture Stores in the US industry in United States, which has grown at a CAGR of 7.9 % between 2019 and 2024.
Has the Furniture Stores in the US industry in United States grown or declined over the past 5 years?
The market size of the Furniture Stores in the US industry in United States has been growing at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Furniture Stores in the US industry in United States over the next 5 years?
Over the next five years, the Furniture Stores in the US industry in United States is expected to grow.
What are the biggest companies in the Furniture Stores in the US market in United States?
The biggest companies operating in the Furniture Stores market in United States are Ashley Furniture Industries, Inc., Inter Ikea Systems B.V. and Williams-Sonoma, Inc.
What does the Furniture Stores in the US in United States include?
Bedroom furniture and Dining room furniture are part of the Furniture Stores in the US industry.
Which companies have the highest market share in the Furniture Stores in the US in United States?
The company holding the most market share in United States is Ashley Furniture Industries, Inc..
How competitive is the Furniture Stores in the US industry in United States?
The level of competition is high and steady in the Furniture Stores in the US industry in United States.
