Number Of Furniture Stores In The Us
When it comes to furniture shopping, the US is a haven for furniture enthusiasts. With a large population and diverse taste in furniture, it's no surprise that there are a significant number of furniture stores scattered across the country. In this article, we'll delve into the numbers and provide insight into the number of furniture stores in the US.
The Current State of the Furniture Industry in the US
The furniture industry in the US is a significant contributor to the country's economy. According to the US Census Bureau, furniture and home furnishing stores generated $106.78 billion in sales in 2019. This figure shows a steady increase from the previous years, with sales in 2018 and 2017 amounting to $105.6 billion and $103.3 billion, respectively.
Furthermore, the furniture industry has been experiencing a shift towards e-commerce, with online sales of furniture and home furnishings amounting to $31.3 billion in 2019, a significant increase from $26.2 billion in 2018.
Source: https://www.statista.com/statistics/250712/retail-sales-of-furniture-stores-in-the-us/
The Number of Furniture Stores in the US
The exact number of furniture stores in the US is difficult to determine, as the industry is constantly evolving and stores are opening and closing. However, according to IBISWorld, there are approximately 105,741 furniture stores in the US as of 2021.
Furthermore, the number of furniture stores in the US has been steadily increasing. In 2018, there were approximately 104,880 furniture stores in the US, showing a growth of 861 stores in just three years.
Source: https://www.statista.com/statistics/250712/retail-sales-of-furniture-stores-in-the-us/
The Top Furniture Retailers in the US
While there are thousands of furniture stores in the US, there are a few retailers that stand out in terms of market share and revenue. According to Furniture Today, the top furniture retailers in the US in 2020 were:
- Ashley HomeStore - 20.7% market share
- Wayfair - 10.9% market share
- IKEA - 7.6% market share
- Lovesac - 1.9% market share
- Williams-Sonoma - 1.6% market share
These retailers have managed to stand out in a highly competitive industry and have carved out a significant market share for themselves.
Source: https://www.furnituretoday.com/business-news/top-100-us-furniture-stores-by-sales/
The Impact of the COVID-19 Pandemic on the Furniture Industry
The COVID-19 pandemic has impacted various industries across the world, and the furniture industry is no exception. According to Statista, furniture and home furnishings sales in the US decreased by 24.6% in April 2020, compared to the same month in 2019.
However, the pandemic has also led to an increase in demand for home office furniture, as more people have been working from home. This trend has resulted in increased sales for furniture retailers that offer home office furniture and accessories.
Source: https://www.statista.com/topics/6136/furniture-industry-in-the-us/
Conclusion
The furniture industry in the US is a significant contributor to the country's economy and has been experiencing steady growth in recent years. While the exact number of furniture stores in the US is difficult to determine, there are approximately 105,741 stores in the country as of 2021. The top furniture retailers in the US have managed to carve out significant market share for themselves, and the COVID-19 pandemic has both positively and negatively impacted the industry.