The Upholstered Furniture Market in the United States

The CSIL research report “The Upholstered Furniture Market in the United States” analyses the upholstered furniture sector in North America (Canada, Mexico, and the United States) focusing on the US market, and providing data and trends for the upholstered furniture production and consumption, imports and exports (time series 2017-2022), the competitive landscape, market shares of the leading manufacturers, prices and the analysis of the distribution channels. Furthermore, it provides market forecasts for the closing of 2023 and 2024.

Country analysis. North America: The USA, Canada, Mexico.

For each considered country this study provides:

• Market value up to 2022 and market forecasts for 2023 and 2024.

• Analysis of the competitive landscape in terms of concentration, company dimension, and manufacturing locations.

• Production breakdown by covering material (leather, fabric and other)

• Sales and estimates on market shares of the leading upholstered furniture manufacturers, with short profiles of the top players.

• International trade of upholstered furniture by country and by geographical area of origin/destination

• Demand determinants and economic indicators.

Focus on the United States.

Together with figures included for each considered country (see above), for the US this study provides:

• Foreign companies and market shares

• Insights on the distribution channels of main foreign companies (Chinese and European) on the US market

• Retail upholstered furniture market (2017-2022) and breakdown by motion / Stationary

• Analysis of the distribution system

• Geographical areas and cities

• Upholstered furniture sales by State.

• Main distribution channels and short profiles of leading retailers.

• Brands price positioning

SELECTED COMPANIES

American Leather Holdings, Ashley Furniture, Ekornes, Ethan Allen, Flexsteel, Halo Asia, HHC (MotoMotion), HM Richards, HTL International , Jackson Furniture, Jason Furniture-Kuka, La-Z-Boy, Lexington Home Brands, Lovesac, Man Wah Holdings, Natuzzi, Roche Bobois, Shane Global Holding, Southern Furniture, Trayton Group.

Highlights:

United States. Imports of upholstered furniture, 2017-2022,
US$ Billion and percentage changes

                                                    Source: CSIL processing of official data

According to CSIL, the United States is the largest market for upholstered furniture worldwide, with a market value of US$ 23.5 billion.

Approximately 40% of the consumption is met by imported products, which also makes the US the leading importer of upholstered furniture globally. Asia and the Pacific account for a remarkable share of total imports, with China being the primary contributor, although decreasing its share in favour of Vietnam and Mexico.

The latter has become an attractive destination of foreign manufacturing investments, mainly driven by the rapidly evolving US trade policies, together with the necessity to mitigate vulnerability to supply chains disruptions, and the need to reduce the time-to-market (nearshoring).