According to the recent research report titled ‘North America Furniture Market Forecast 2027 By Distribution Channel, By Material, By Application, By Price Range, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, North America furniture market size to cross the valuation of USD 109.9 billion by 2027.

The major factors predominantly influencing the North America furniture market growth are increasing complexity of industrial methods and mass production of plastic and wood products that are likely to foster innovative, durable, and sustainable designs across commercial and residential settings.

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Homeownership is expected to see increased demand for household products, particularly furniture. As the country's affluent population grows, manufacturers are expected to focus on environmentally responsible business methods.

In terms of the material segment, the North America furniture market is bifurcated into wood, plastic, metal, and others. Wood furniture accounted for 65% of the market share in 2020 and is predicted to rise significantly through the study timeframe.

Wood has grown in popularity as a material of choice for high-end furniture such as dining tables, sofa sets, and storage cabinets. Nature-inspired home design is the newest trend in providing an organic feel. For longevity, robustness, and ease of upkeep, wooden furniture has become a feasible option. Renewable building materials have recently gained popularity since wood has a lesser carbon impact than other building materials, thereby fueling the overall segmental size.

Moving forward with the application scope, the residential sector of North America furniture market is expected to have remunerative growth through the forecast duration owing to the rapid expansion of townhomes, single-family homes, and
condominiums.

On the basis of distribution channels, the market is split into online and offline. The online distribution channel could flourish exponentially through the forecast duration due to strategic offers such as discounts, along with the use of AI and cloud space.

The regional landscape of the North America furniture marketplace spans across the U.S and Canada.

The leading companies defining the competitive landscape of North America furniture industry are the Home Depot Inc., McCarthy Group Ltd., Okamura Corporation, Herman Miller Inc., Haworth, Inc., Heritage Home, La-Z-Boy Inc., Kohler Co., Steelcase, Ashley Furniture Industries, and Inter IKEA Group.