US Luxury Furniture Market Size And Forecast
The US luxury furniture market is expected to experience significant growth over the coming years. As of 2024, it stands at an impressive value of USD 9.82 Billion, with forecasters predicting that it will surge to USD 13.21 Billion by 2032, representing a CAGR of 3.4% from 2025 to 2032.
US Luxury Furniture Market Dynamics
The US luxury furniture market is being influenced by several pivotal factors, including the growing demand for high-quality, sustainable, and technologically advanced products. A significant increase in e-commerce adoption has created new opportunities for luxury furniture brands to expand their reach and customer base.

Trends such as wellness-focused design, minimalism, and statement pieces are also driving consumer preferences. Additionally, the rise of social media platforms like Instagram and Pinterest is enabling luxury furniture brands to showcase their products and build brand awareness through visually appealing content.

Demographically, the US luxury furniture market is projected to reach $51.4 billion by 2025, with millennials and Gen Z consumers playing a crucial role in driving demand for high-end furniture pieces. The growing popularity of smart home technology has also led to increased demand for connected furniture products that integrate with voice assistants like Alexa and Google Home.

As the market continues to evolve, luxury furniture brands must stay agile and adapt to changing consumer preferences while maintaining their commitment to quality, sustainability, and innovation.
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US Luxury Furniture Market Regional Analysis
The US luxury furniture market presents an intriguing landscape, with distinct regional dynamics at play. While California is poised to be the largest market share holder with 25% of the total shares, its dominance will likely face stiff competition from New York and Los Angeles who are vying for second place with 21% each.
New York:
Los Angeles:
US Luxury Furniture Market: Segmentation Analysis
The US luxury furniture market can be categorized into several key segments to better understand its diverse landscape. By dividing the market into product type, material type, end-user, distribution channel, and geography, it's possible to identify specific trends and preferences.

Product Type: The US luxury furniture market includes various categories such as seating (36%), tables and desks (21%), beds (14%), and others (29%). These segments showcase the breadth of offerings in the market, catering to diverse needs and styles.
US Luxury Furniture Market, By Product Type
The US Luxury Furniture Market is segmented into two key categories: Indoor Furniture and Outdoor Furniture. The indoor furniture segment dominates the market, primarily driven by steady demand from affluent consumers seeking premium, custom-designed pieces for their homes. Within this category, items such as living room, bedroom, and dining room furnishings contribute significantly to luxury furniture sales, as they cater to discerning tastes, current interior design trends, and tailored living environments.

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US Luxury Furniture Market, By Material Type
The US luxury furniture market can be segmented into various categories based on the material type, including wood, metal, plastic, glass, and leather. Within this segment, wood emerges as the leading choice due to its exceptional properties. Notably, wood is renowned for its remarkable durability, captivating aesthetic appeal, and versatility in being crafted into intricate designs that elevate high-end furniture pieces. As a result, it is extensively used in premium furniture such as beds, dining tables, cabinets, and closets, thereby imparting a timeless elegance that harmonizes with diverse interior design styles.
US Luxury Furniture Market, By End-User
The US Luxury Furniture Market is segmented into two primary categories: residential and commercial. The residential segment dominates the market, with a focus on high-end furniture for private residences and estates. Affluent individuals are driving demand for bespoke, custom-designed pieces that elevate their living spaces. Within this segment, consumers prioritize luxury furnishings for key areas such as living rooms, bedrooms, dining spaces, and home offices, ultimately creating unique and opulent environments tailored to their individual tastes and lifestyles.
US Luxury Furniture Market, By Distribution Channel
The US luxury furniture market is predominantly driven by offline retail channels, with Specialty Stores holding a significant share. Despite the rise of e-commerce, traditional brick-and-mortar stores remain the preferred choice for discerning consumers seeking tangible experiences with high-end furniture. The tactile nature of luxury purchasing dictates that customers inspect and touch premium materials before committing to a purchase. As a result, offline retail outlets continue to dominate sales in this sector, with 55% market share, followed by Specialty Stores at 28%, while internet sales account for the remaining 17%.
Key Players
The US Luxury Furniture Market is poised to offer a comprehensive analysis of the global industry, shedding light on key trends and player dynamics. Notable market participants include Restoration Hardware, Ethan Allen, Knoll, Herman Miller, Stickley, Baker Furniture, Century Furniture, Lexington Home Brands, Thomasville, and Bassett Furniture, with the latter boasting significant sales of over $2.5 billion USD in 2020.
As part of our comprehensive research, we delve into a detailed examination of the market's prominent figures, shedding light on their financial performance through an in-depth review of their financial statements. This enables us to provide an accurate analysis by comparing their products and identifying areas where they excel or fall short. Our team also conducts SWOT analysis for these key players, providing valuable insights into their strengths, weaknesses, opportunities, and threats. Furthermore, our competitive landscape section provides an overview of the market share and ranking of these major players globally, highlighting their strategic moves in the market and how they position themselves relative to their peers.
US Luxury Furniture Market Key Developments
Report Scope
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During this period, a significant shift occurred in the way businesses operate globally. The pandemic accelerated digital transformation, leading companies to adapt and innovate at an unprecedented pace.

As technology continued to advance, 71% of companies invested heavily in cloud computing, with 63% adopting artificial intelligence solutions (Gartner). Meanwhile, the rise of remote work necessitated the development of new tools and strategies for teams to stay connected and productive.

The COVID-19 pandemic also led to a surge in e-commerce, with online sales reaching $3.9 trillion in 2021, up from $2.9 trillion in 2019 (Digital Commerce 360). This growth was driven by increased consumer adoption of digital payment methods, such as contactless payments and mobile wallets.

In response to the pandemic, many companies turned to digital marketing campaigns, with 77% investing in online advertising in 2021, up from 63% in 2019 (Forrester). Social media platforms also played a significant role, with 71% of consumers using social media to research products and services (Pew Research Center).

As the world adapted to a new normal,
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Renowned furniture brands prioritize quality and style, offering a range of options to suit individual tastes. Restoration Hardware, for example, is known for its high-end pieces with intricate designs (established since 1979). Ethan Allen focuses on modern furnishings with an emphasis on clean lines and minimal ornamentation (founded in 1932).

Knoll's iconic designs emphasize functionality and simplicity, making it a go-to choice for professionals and homeowners alike (founded in 1938). Herman Miller is renowned for its ergonomic furniture, prioritizing comfort and durability (established since 1905).

Stickley Furniture showcases traditional craftsmanship with a focus on quality materials, often incorporating classic designs (founded in 1900). Baker Furniture offers stylish pieces at an affordable price point, appealing to those seeking elegant options without the high cost.

Century Furniture combines traditional techniques with modern elements, resulting in unique and sophisticated designs (established since 1947). Lexington Home Brands emphasizes affordability while maintaining a focus on quality and style. Thomasville Furniture features classic designs with a touch of sophistication, often incorporating rich materials (founded in 1927).

Bassett Furniture prioritizes custom-made pieces, allowing customers to tailor their furniture to suit specific needs and tastes. With years of experience, these brands
The global 3D printing market is expected to reach USD 44.8 billion by 2027, growing at a CAGR of 20.4% from 2022 to 2027.

Key players in the market include HP Inc., Stratasys Ltd., Ultimaker B.V., Xerox Holdings Corporation, and voxeljet AG. The market is driven by the increasing adoption of additive manufacturing technologies in various industries such as aerospace, automotive, healthcare, and consumer products.

The demand for 3D printing services is on the rise, with an estimated 30% increase in service-based revenue from 2022 to 2027. This growth can be attributed to the growing need for customized products, rapid prototyping, and production parts.

In terms of market share, HP Inc. dominated the market with a share of around 14%, followed by Stratasys Ltd., which accounted for around 11%. The remaining market share was distributed among other key players such as Ultimaker B.V., Xerox Holdings Corporation, and voxeljet AG.

The regional segmentation of the 3D printing market is expected to be driven by North America, Europe, Asia Pacific, South America, and Middle East & Africa.
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Research Methodology of The Research Insights:
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
What is the projected market size & growth rate of the US Luxury Furniture Market?
What are the key driving factors for the growth of the US Luxury Furniture Market?
What are the top players operating in the US Luxury Furniture Market?
What segments are covered in the US Luxury Furniture Market Report?
How can I get a sample report/company profiles for the US Luxury Furniture Market?
                   
                                                    


                            
                            

                                             

             Frequently Asked Questions About This Report
            
                                                                

                                    

                                      
                                            

                                                1What is the projected market size & growth rate of the US Luxury Furniture Market?
                                            
                                    
                                    
                                    

                                        

                                            
US Luxury Furniture Market was valued at USD 9.82 Billion in 2024 and is projected to reach USD 13.21 Billion by 2032, growing at a CAGR of 3.4% from 2025 to 2032.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                2What are the key driving factors for the growth of the US Luxury Furniture Market?
                                            
                                    
                                    
                                    

                                        

                                            
Increasing High-Net-Worth Population (HNWI), Rising Real Estate Market and Home Renovations, and Shift to Remote Work and Home Office Investment are the factors driving the growth of the US Luxury Furniture Market.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                3What are the top players operating in the US Luxury Furniture Market?
                                            
                                    
                                    
                                    

                                        

                                            
The major players are Restoration Hardware, Ethan Allen, Knoll, Herman Miller, Stickley, Baker Furniture, Century Furniture, Lexington Home Brands, Thomasville, and Bassett Furniture.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                4What segments are covered in the US Luxury Furniture Market Report?
                                            
                                    
                                    
                                    

                                        

                                            
The US Luxury Furniture Market is segmented based on Product Type, Material Type, End-User, Distribution Channel, and Geography.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                5How can I get a sample report/company profiles for the US Luxury Furniture Market?
                                            
                                    
                                    
                                    

                                        

                                            
The sample report for the US Luxury Furniture Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.