Number of Furniture Stores in the US (2013–2023)
Global revenues from the ecommerce furniture industry are expected to rise by 3.4% in 2023, to $30 billion. In the United States alone, online sales in this category totaled $129.5 billion in 2022, and furniture and home furnishings are projected to be one of the fastest-growing consumer products this year.
If you’re thinking about starting a furniture store in the US, you need to first understand the industry’s landscape and its competitiveness. Here’s a breakdown of the number of furniture stores in the US and how it has increased over the past decade.
Number of furniture stores in the US: 2022–2023
Latest statistics show that the number of furniture stores in the US is forecast to rise by 1.5% in 2023, to 48,667. This is nearly double the previous year’s growth rate, when the number of furniture stores in the US rose marginally by 0.8%, to 47,942. The annual growth rates in 2022 and 2023 are among the slowest in the past decade.
Despite the relatively sluggish growth in recent years, the number of furniture stores in the US continues to increase year after year. This means that the figure in 2023 is the highest ever recorded.
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Number of furniture stores in the US: 2013–2021
In 2013, the number of furniture stores in the US registered at 36,854. This rose by 3.8% the following year, to 38,260. Annual increases of between 1.5% and 4.5% in the subsequent three years saw the number hit 41,594 in 2017, surpassing 40,000 for the first time.
Growth continued, and in 2021, the industry registered its fastest annual growth rate in at least eight years, when the number of furniture stores in the US rose by 5.5%, to 47,541.
From 2013 to 2023, the US added 11,803 furniture stores. This marks an overall increase of 32% and an average annual growth rate of 2.8%.
States with the highest number of furniture stores in the US
California is home to the highest number of furniture stores, with 3,741 registered businesses there. It is followed by Texas and Florida, with 3,307 and 3,042 furniture stores, respectively. Incidentally, these are also the states with the largest number of small businesses.