The furniture market in the USA has kept its steady expansion over the past decade and continues to be spurred by the growing furniture demand in both residential and commercial properties around the world. With the increasing number of consumers shifting their preference towards quality and stylish furniture products due to higher disposable income and better lifestyle requirement, the furniture market in the USA is expected to witness a stronger growth in terms of domestic furniture sales and international furniture exports over the near future. Now, it’s the crucial time to connect with the top wholesale furniture suppliers in the USA and make the advantage of this surging market.
According to the latest market report from IBIS World, the total revenue of the US furniture market was around US$66 billion in 2017, registering an annual growth rate of 3.3% over the past five years. In the near future, furniture sales in the US are forecasted to grow to US$122 billion by 2020, maintaining that 3% compound annual growth rate in the next five years. By far, the furniture market in the USA consists of over 39,644 businesses, covering from furniture manufacturing, furniture wholesale, furniture retailer to online furniture stores. The recovery of home-ownership and growing consumer spending has spurred the sales growth in the US furniture market.
Over the recent years, many market surveys also reveal that US consumers are focusing on quality and durability when purchasing furniture. While furniture products for living room and bedroom remain highly popular, several other furniture categories such as outdoor furniture, vintage looking furniture pieces, as well as environmentally conscious products are also experiencing rising sales. Meanwhile, the emerging of the E-commerce as an alternative furniture sale channel has also contributed huge amount of furniture sales in the USA. Though US consumers value going online as a way to search and find information on products, furniture e-commerce is still in a nascent stage.
Currently, some of the largest furniture suppliers and furniture companies in the USA include: Ashley HomeStore, IKEA, Williams-Sonoma, Rooms to Go, Berkshire Hathaway, Restoration Hardware, Bassett Furniture, Bernhardt, Best Home Furnishings, Bush Furniture, Dorel, Ethan Allen, Flexsteel, Hooker Furniture, and Klaussner etc. These leading players in the US furniture market are likely to put more focus on product innovation and environmentally friendly products and business practices. Furniture demand from both domestic market and exporting markets will continue to grow as the global housing sector recovers, with rising affluence in specific demographics such as aging baby boomers driving demand for certain products.
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Apart from being one of the world’s largest furniture markets in terms of furniture sales, the USA is a world’s leading furniture manufacturer and one of the largest furniture exporter by value. In 2016, the USA exported over US$2.9 billion worth of furniture products to the global market, representing about 3.6% of the world’s total furniture exports in that year, making the USA the world’s 6th largest furniture exporter in 2016. Other major future markets such as Canada, Mexico, China, UK, and Japan were some of the largest importers of USA’s furniture products.
The prominence of the furniture industry in the USA has attracted a significant number of buyers and traders from all over the world to source home furniture, office furniture and outdoor furniture products in the USA. To help your business stays at the top of the industry, BizVibe provides the best solutions to source the products and make the best business deals with the top furniture suppliers in the USA. Don’t miss your chance to connect with the best industry suppliers, manufacturers, and exporters on BizVibe.
Whether you’re conducting competitive research or looking for new and reliable suppliers, quality producers or top wholesalers, BizVibe makes it easy to grow your business. No matter what your professional goals, BizVibe will help you reach them by introducing you to key industry players and decision-makers across the globe.
We cover major furniture manufacturers from the USA in our furniture market analysis, let us know in the comments which other countries you’d like us to focus on for our next furniture industry profile.
The USA’s top furniture suppliers on BizVibe: