Market Insights Consumer Furniture Home Décor

Candles - United States

United States

In the year 2024, the revenue in the Candles market Segment in the United States is recorded at US$2.35bn.
It is projected that the market will experience an annual growth rate of 3.42% from 2024 to 2029, according to the Compound Annual Growth Rate (CAGR).
In terms of global comparison, in the United States generates the highest revenue in this market segment, with US$2.35bn in 2024.
When considering the total population, the per person revenue generated in 2024 amounts to US$6.86.
The United States is experiencing a growing trend in the demand for artisanal candles, with consumers increasingly seeking unique and handcrafted scents.

Key regions: China, France, United Kingdom, United States, Worldwide

Market

Region

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Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.