United States Luxury Furniture Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2025-2034)

The United States luxury furniture market size reached approximately USD 9.82 Billion in 2024. The market is estimated to grow at a CAGR of 3.40% in the forecast period of 2025-2034, reaching a value of around USD 13.72 Billion by 2034.

Key Trends in the Market

Luxury furniture encompasses furniture pieces which are made of high-quality materials such as mahogany wood, brass, bronze, and leather, among others. They usually feature detailed designs and delicate craftsmanship, which enhances the aesthetic appeal of a space.

• The growing demand for handcrafted luxury furniture is one of the crucial United States luxury furniture market trends. This demand arises due to customers’ desire to possess authentic and one-of-a-kind furniture instead of a mass-produced piece that can be found in multiple homes.
• Custom concealment furniture is also gaining prominence in the US market as it offers the provision of concealing valuable items such as cash, jewellery, and important documents, among others. This luxury item also blends seamlessly with other home décor products while providing an additional layer of security to the valuables.
• The rise of the e-commerce sector in the country allows customers to access and buy luxury furniture items from foreign brands which are typically unavailable at physical stores, providing further impetus to the United States luxury furniture market growth.
• Rising efforts by market players to expand their production capacity is another prominent trend aiding the market expansion. For example, in November 2023, Ashley Furniture Industries got approval for building a furniture manufacturing facility and an 85,000-square-foot showroom in Phoenix.

Market Analysis

The report titled “United States Luxury Furniture Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Tables
• Chairs and Sofas
• Cabinets
• Others

Market Breakup by Material

• Wood
• Glass
• Metal
• Plastic
• Others

Market Breakup by Application

• Commercial
• Domestic

Market Breakup by Distribution Channel

• Offline
• Online

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

Market Share by Application

The commercial sector occupies a substantial portion of the United States luxury furniture market share, due to the growing usage of luxury furniture in hotels and luxury resorts. These establishments typically opt for well-crafted furniture that exudes luxury and comfort to create an inviting and cosy environment for the guests.

Furthermore, the residential sector is expected to witness sizeable growth in the forecast period, due to the shifting customer preference towards versatile and high-craftsmanship items. Several manufacturers are also incorporating sustainable materials such as bamboo, hemp, and kenaf, among others, in their luxury furniture range, enhancing their appeal among environmentally conscious consumers.

Market Share by Distribution Channel

As per the United States luxury furniture market analysis, offline channels account for a significant share of the US market as customers usually prefer to buy furnishing items from physical stores to inspect the quality and finish of the items.

Meanwhile, online channels are anticipated to grow at a robust rate in the forecast period as they provide accessibility to a large number of brands and sophisticated furniture designs that may not be found in the showroom.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States luxury furniture market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Ralph Lauren Corporation

Ralph Lauren Corporation, founded in 1967 is a fashion company, with its headquarters in New York, the United States. The company is renowned for the production and distribution of its luxury design products in the international market. Its furniture range includes coffee tables, end tables, nightstands, dressers, bookcases, and beds, among others.

Ashley Furniture Industries, LLC

Ashley Furniture Industries, LLC, established in 1945 and based in Wisconsin, the United States, is a home furnishing company. Its comprehensive furniture range consists of accent chairs, ottomans, TV stands, nightstands, dressers and chests, and benches, among others. The company is known as one of the largest manufacturers of furniture in the world with partners in over 155 countries.

MillerKnoll, Inc.

MillerKnoll, Inc. is a conglomerate of dynamic brands across the world. Its brand Herman Miller is an office and home furnishing company, incorporated in 1905 and headquartered in Michigan, the United States. Some of the brand’s well-known products in the market are the Aeron chair, Eames Lounge chair, Mirra chair, and Noguchi table, among others.

Other United States luxury furniture market players include Vermont Woods Studios, Kimball International Inc., Hooker Furnishings Corporation, Brown Jordan Inc., Bernhardt Furniture Company, John-Richard, and Theodore Alexander USA, Inc., among others.