Kitchen & Dining Furniture - United States

In 2024, the revenue in the Kitchen & Dining Furniture market in the United States amounts to a staggering US$38.81bn.
It is projected that the market will experience an annual growth rate of 3.79% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, amounting to US$38.81bn in 2024.
Taking into account the total population figures, the per person revenue generated in 2024 is US$113.60.
The United States is experiencing a surge in demand for modern and minimalist kitchen and dining furniture.

Definition:

The Kitchen & Dining Furniture segment covers diferent movable objects designed for kitchen and dining rooms. These objects mainly meet people’s needs for eating, preparing food, or food storage and includes dining tables, baker’s racks, kitchen islands/carts, pantry storage, and various types of kitchenware. Items not considered include household appliances such as refrigerators, stoves, small kitchen appliances, and sinks and faucets.

Structure:

The Kitchen & Dining Furniture segment is divided into two subsegments:

The Dining Tables, Kitchen Islands & Pantries subsegment includes furniture pieces designed to enhance the functionality and aesthetics of kitchen and dining spaces. These products range from traditional dining tables to kitchen islands and pantry storage units, providing both practical and decorative value to the kitchen and/or dining spaces.
The Kitchenware subsegment refers to items which aid in the preparation and the serving of food. Products in this subsegment include cookware such as pots and pans, tableware such as cutlery and glassware, and other items that are essential for the preparation and serving of food.

Additional Information:

The Kitchen & Dining Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Dining tables
Kitchen islands and carts
Food pantries
Kitchenware

Household appliances
Cookware, kitchen, and cleaning utensils
Kitchen remodels

The Kitchen & Dining Furniture market in United States has been experiencing significant growth in recent years.

Customer preferences: Customers in the United States have shown a strong preference for stylish and functional kitchen and dining furniture. They are increasingly looking for furniture that not only enhances the aesthetics of their homes but also provides practical solutions for storage and organization. Additionally, there is a growing demand for eco-friendly and sustainable furniture options, as customers become more conscious of their environmental impact.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in United States is the rise of online sales. With the increasing popularity of e-commerce platforms, more and more customers are choosing to purchase furniture online. This trend can be attributed to the convenience and wider product selection offered by online retailers. Additionally, the COVID-19 pandemic has further accelerated the shift towards online shopping, as customers have turned to online channels to fulfill their furniture needs while adhering to social distancing measures. Another trend in the market is the growing demand for multifunctional furniture. As urban living spaces become smaller and more compact, customers are looking for furniture that can serve multiple purposes. For example, dining tables that can be extended to accommodate more guests or storage solutions that can be integrated into kitchen furniture. This trend reflects the need for practical and space-saving solutions in modern homes.

Local special circumstances: The United States has a diverse population with varying cultural backgrounds and lifestyles. This diversity is reflected in the demand for different styles of kitchen and dining furniture. For instance, customers in urban areas may prefer sleek and modern designs, while customers in suburban or rural areas may gravitate towards more traditional or rustic styles. This regional variation in customer preferences presents opportunities for furniture manufacturers and retailers to cater to specific market segments.

Underlying macroeconomic factors: The strong performance of the United States economy has played a significant role in the growth of the Kitchen & Dining Furniture market. A robust job market, rising disposable incomes, and low interest rates have contributed to increased consumer spending on home furnishings. Additionally, the real estate market has been booming, with many Americans investing in new homes or renovating their existing properties. This has created a demand for new furniture, including kitchen and dining furniture, as customers seek to update their living spaces. In conclusion, the Kitchen & Dining Furniture market in United States is experiencing growth due to customer preferences for stylish and functional furniture, the rise of online sales, the demand for multifunctional furniture, regional variations in customer preferences, and the strong macroeconomic factors such as a strong economy and a booming real estate market.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.