Home Furnishings Stores in the US – Market Size 2002–2027

Who is the largest exporter of furniture?

World: leading exporters of furniture 2019 In 2019, China was the leading exporter of furniture to the rest of the world, with an export value of around 63.78 billion U.S. dollars. Poland, ranked second, exporting approximately 13.17 billion U.S. dollars worth of furniture that year.

How much is the home decor industry worth?

The value of the home décor market in the United States was forecast to reach 202 billion U.S. dollars in 2024, a 20 percent increase from 2019 value, which stood at 169 billion U.S. dollars.

How much does the furniture industry make?

The global market value of furniture was estimated to be worth 509.8 billion U.S. dollars in 2020, and was forecast to reach about 650.7 billion U.S. dollars by 2027.

What is Homegoods industry?

The global home goods industry, which is part of the broader consumer goods category, refers to the manufacture, distribution, and retail of home furniture, household decorative accessories, soft furnishings (draperies and curtains), appliances, cookware and gardening equipment.

What are home decors?

It refers to the aesthetic components used to make a home more attractive and visually appealing. Home decor is inclusive of physical items and objects (furniture, art, and accessories), placement of physical items and objects, and room colors and materials (flooring, wall coverings, window coverings, and ceilings).

Is the home decor industry growing?

The US Home Decor Market has witnessed significant growth over the years, and it is expected to grow with a CAGR of 6.78% from 2020 to 2026. Due to the pandemic, international trade was put on hold, which resulted in a shortage of raw materials.

How much money does China make in furniture exports?

China’s exported furniture revenue reached about $93.4 Billion USD in 2014. Chinese furniture has been in demand due to its top class products. Reliability is another plus, and a factor that has attracted many foreign customers.

How big is the furniture industry in the US?

The total market size of the furniture industry, accounting for related accessories, floor coverings, and draperies operate within a $30 billion dollar industry. The value of all furniture and furnishing store sales in the United States net at $106.78 billion dollars.

What kind of furniture does Canada export to the US?

Furniture exports to the United States have remained high, comprising 93% of the Canadian furniture export value. Its furniture exports are mainly household furniture, office furnishings, and kitchen cabinets.

Which is the largest exporter of furniture in the EU?

As the largest EU country in the furniture export business, it has redirected its export destinations to include Asia, North America, and the Middle East alike. Its former market in the EU countries has slipped due to the recent financial crisis, although this market still accounts for 63.77% of the share for German furniture exports.