U.S. Furniture Retail - Statistics & Facts
Statistics and facts on Furniture Retail in the U.S.
Furniture retail in the United States is a very important aspect for the country's economy. The global home goods industry refers to the manufacture, distribution and retail of home furniture, household decorative accessories, soft furnishings (draperies and curtains), appliances, cookware and gardening equipment. During the economic recession, the industry was negatively impacted as consumers cut back on non-essential spending, putting off home improvement projects due to lower disposable income. Furniture and home furnishings stores generated about 106.78 billion U.S. dollars worth of sales in 2015.
Home ownership, another important factor contributing to home goods demand is increasing as employment levels rebound. As consumer demand for high-end home goods increases, companies are focusing on high-quality goods to fare better against mass-merchandise outfits. In 2015, the average annual expenditure per consumer unit on furniture in the United States amounted to over 500 U.S. dollars; with about 140 U.S. dollars of that being spent on sofas.
Over the years to come, leading players in the U.S. retail furniture industry are likely to concentrate their efforts on product innovation and environmentally friendly business practices, goods and packaging. Demand will continue to rise as the housing sector recovers, with rising affluence in specific demographics such as aging baby boomers driving demand for certain products.
Picture: freeimages.com / Mateusz Atroszko
|U.S. furniture retail overview||Values||Statistic|
|Furniture and furnishings store sales in the U.S.||106.78bn USD||Details →|
|Home furnishings store sales in the U.S.||49.38bn USD||Details →|
|Furniture and home furnishings sales as a percentage of total retail e-commerce sales in the United States||8.8%||Details →|
|Ad spend of the U.S. furniture store industry||449.67m USD||Details →|
|Miscellaneous outdoor furniture retail sales in the United States||267m USD||Details →|
|Sales of IKEA in the United States||3.08bn USD||Details →|
|Sales of Pier 1 Imports in the United States||1.3bn USD||Details →|
|Sales of Ethan Allen in the United States||719m USD||Details →|
|Revenue of IKEA worldwide||35.1bn euros||Details →|
|Net revenue of Williams-Sonoma worldwide||$4,976m||Details →|
|Sales of Ashley Furniture Homestores in the U.S.||$3,115m||Details →|
|Number of stores of Ashley Furniture Homestores||462||Details →|
- Furniture and home furnishings store sales in the U.S. 1992-2015+Furniture and home furnishings store sales in the U.S. 1992-2015
Furniture and home furnishings store sales in the United States from 1992 to 2015 (in billion U.S. dollars)
- U.S. household expenditure on furniture 2007-2015U.S. household expenditure on furniture 2007-2015
Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2015 (in U.S. dollars)*
- U.S. household expenditure on sofas 2007-2015U.S. household expenditure on sofas 2007-2015
Average annual expenditure on sofas per consumer unit in the United States from 2007 to 2015 (in U.S. dollars)*
- Monthly Consumer Price Index of all urban consumers in the U.S. April 2017Monthly Consumer Price Index of all urban consumers in the U.S. April 2017
- Retail sales of furniture in China by month March 2017Retail sales of furniture in China by month March 2017
- Total number of Best Buy stores worldwide 2010-2017Total number of Best Buy stores worldwide 2010-2017
- Furniture and home furnishings store sales in the U.S. 1992-2015Furniture and home furnishings store sales in the U.S. 1992-2015
- U.S. online shops and mail-order house sales 2003-2015U.S. online shops and mail-order house sales 2003-2015