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Explore the latest trends and actionable insights on the Americas Home Retailing market to inform business strategy and pinpoint opportunities and risks

Market Size of Retail Furniture and Floor Covering in North America (2017-2021, $ Billion)

Industry: Home Furniture And Floorcoverings Specialists
Current: Market Sizing & Shares

The retail furniture and floor covering segment in North America is valued at $213 billion in 2021
North America is the second largest market in the retail furniture and floor covering segment
The retail furniture and floor covering segment grew at a CAGR of 6.2% during 2017–2021 in North America

The furniture and floor covering segment is a popular product category in the retail industry. The segment offers a variety of products, including living room furniture, bathroom furniture, Kitchen furniture, bedroom furniture, and floor covering.

North America is the second largest market in the retail furniture and floor covering segment and contributes to 30% of the global market size. It is among the regions which have a strong influence on the furniture industry globally.

The US alone makes up for more than 90% of the North American market size and is the largest market in the retail furniture and floor covering segment globally.

The retail furniture and floor covering segment in North America is valued at $213 billion in 2021, witnessing a significant increase of 17% from the previous year. The significance of this growth increases even more when taken into account the previous year’s growth which was negligible due to the COVID-19 pandemic. It is promising for the future as well with the world seeing a recovery in the overall demand post-pandemic COVID-19, especially in the retail sector, as both brick and mortar and online businesses resumed their operations after being under restrictions for almost two years.

The retail furniture and floor covering segment grew at a CAGR of 6.2% during 2017–2021 in the North American region as the world recovered, and the demand for home decorations and furnishings increased owing to the improved lifestyle of people as the general public has become more spendthrift and is willing to spend more on lifestyle products.

The major retail furniture and floor covering players which have a strong dominance in the North American markets include Berkshire Hathaway, IKEA, Williams-Sonoma, and Floor & Décor among others.

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