Furniture Retail

The home furnishings retail industry allows consumers to make their homes truly their own with their very own choices of furniture and décor. It is a multi-billion-dollar industry, which employs large numbers of people around the world. In 2023 the global market revenue of furniture was estimated to be over 738 billion U.S. dollars and was forecast to grow to almost 922 billion dollars by 2028. Like many other industries, e-commerce is steadily gaining a market share in the industry. This has been further helped by advancements in logistics and delivery options. Other trends that will have an impact on the industry over the coming years include sustainability, secondhand sales, and the use of virtual reality.

Forecast furniture market revenue worldwide in 2028
921.6bn USD
Furniture e-commerce revenue in the U.S. 2024
125bn USD
Top furniture exporter worldwide
China

Market size

The United States dominates the furniture market

Revenue of the furniture market worldwide in 2023, by country (in million U.S. dollars)

Please wait

Further details: Visit original statistic Revenue of the furniture market worldwide in 2023, by country (in million U.S. dollars)

The United States generated nearly 254 billion U.S. dollars in furniture revenue in 2023, making it the leading market globally. China and Germany came in second and third place, with both markets worth over the 50 billion U.S. dollars mark. While most consumers still prefer to buy their furniture in stores, e-commerce has a strong presence. In the United States, the homeware and furniture industry represented roughly nine percent of the total e-commerce segment in 2023.

Furniture market worldwide
Furniture e-commerce worldwide
Furniture market in the U.S.

Market segments

Bedding and home furnishing

Furniture and home furnishings store sales in the United States from 1992 to 2022 (in billion U.S. dollars)

Please wait

Further details: Visit original statistic Furniture and home furnishings store sales in the United States from 1992 to 2022 (in billion U.S. dollars)

In the United States, consumer spending on furniture and bedding has increased over the past years. 2022 saw particularly strong growth in furniture and home furnishing store sales, surpassing 141 billion dollars, making such stores the leading sales channel. Online channels take up the second-largest chunk of the market. Other competition for home furnishing stores includes department stores, mass merchandisers, home improvement stores, and furniture makers that have their own stores.

Bedroom furniture revenue in the U.S.
Revenue of the home decor market in the U.S.
Sales value of household goods in the UK

Industry trends

E-commerce, augmented reality, and eco-friendly furniture on the rise

Investment in augmented and virtual reality (AR/VR) technology worldwide in 2024, by use case (in billion U.S. dollars)

Please wait

Further details: Visit original statistic Investment in augmented and virtual reality (AR/VR) technology worldwide in 2024, by use case (in billion U.S. dollars)

Besides e-commerce, a notable trend is the rise of augmented reality. Most consumers still prefer to buy large pieces of furniture in-store yet many of them start the buying process online. With augmented reality, furniture retailers are enabling shoppers to visualize how a sofa, or bed will look in their homes, facilitating their purchase decision. Another trend is the growing concern about climate change and deforestation, which has resulted in an increased interest in sustainable furniture.

Top furniture e-commerce markets
Level of concern about furniture unavailability
Attitudes on corporate sustainability communications in the U.S.

Industry leaders

IKEA, the world’s largest furniture retailer

Annual revenue of the IKEA Group worldwide from 2001 to 2023 (in billion euros)

Please wait

Further details: Visit original statistic Annual revenue of the IKEA Group worldwide from 2001 to 2023 (in billion euros)

IKEA, a Swedish multinational company based in the Netherlands, has been the world’s leading furniture retailer for the past decade. IKEA offers low prices and a huge range of products, while constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. The company has over 470 stores and is the most valuable furniture retailer brand in the world.

IKEA
Selected furniture and home goods retailers in the United States
IKEA's stores worldwide

State of the industry

  • Furniture market in the U.S.
  • Furniture industry in Europe
  • Furniture market in the United Kingdom (UK)
  • Furniture eCommerce: market data & analysis
  • Furniture industry worldwide
  • IKEA
  • Williams-Sonoma
  • The Home Depot

Industry definition

The furniture retail category offers historical and forecast data about the industry’s revenues and market size. Statistics about bedding and home furnishing retailers are available, including the industry leaders in terms of sales and number of stores. Additionally, it encompasses statistics of furniture retailers' number of store visits, number of employees, distribution of sales by category, region, and market share information.

More interesting topics from the industry "Furniture Retail"

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)