Home Furnishing Statistics 2024 – Everything You Need to Know

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Are you looking to add Home Furnishing to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Home Furnishing statistics of 2024.

My team and I scanned the entire web and collected all the most useful Home Furnishing stats on this page. You don’t need to check any other resource on the web for any Home Furnishing statistics. All are here only 🙂

How much of an impact will Home Furnishing have on your day-to-day? or the day-to-day of your business? Should you invest in Home Furnishing? We will answer all your Home Furnishing related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Home Furnishing Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 147 Home Furnishing Statistics on this page 🙂

Home Furnishing Market Statistics

  • Global home decor market is forecast to grow at a3.9% CAGR by 2027. [0]
  • Luxury furniture market is expected to grow at a4.7% CAGR by 2026. [0]
  • The Asia Pacific market is projected to grow at a3.2% CAGR by 2027. [0]
  • Surprisingly, by 2027, the US home decor market is expected to hit $158.9 billion—this means that the US market is likely to grow at an 8% CAGR from 2020 to 2027. [0]
  • Based on this figure, the online home decor market is projected to rise at a nearly 13% CAGR during 2020–2024. [0]
  • Moreover, the market size of this industry is projected to grow 2.7% in 2021. [0]
  • The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. [1]
  • In fact, 79% of marketers say that data is an essential part of their strategy. [1]
  • By 2025, its ecommerce market share is projected to decrease to 10.86% with sales nonetheless mounting to $61 billion. [2]
  • At the enterprise level, 11 brands currently command 55% of the market mostly in retail. [2]
  • 8% Begin by remarketing on YouTube. [2]
  • The market size of the Home Furnishing Wholesaling industry is expected to decline. [3]
  • The market size of the Home Furnishing Wholesaling industry in the US has declined 2.6% per year on average between 2017 and 2024. [3]
  • Regional Insights North America was the largest regional market in 2018, accounting for 37.7% share of global revenue. [4]
  • The global home decor market size was estimated at USD 697.18 billion in 2019 and is expected to reach USD 737.20 billion in 2020. [4]
  • b. The global home decor market is expected to grow at a compound annual growth rate of 6.6% from 2019 to 2025 to reach USD 1,037.14 billion by 2025. [4]
  • North America dominated the home decor market with a share of 37.5% in 2019. [4]
  • In that same report, Pinterest said that catalog uploads had doubled globally, and in international markets they were up over 400% year over year. [5]

Home Furnishing Adoption Statistics

  • By the end of 2021, there was a 100% increase in advertiser adoption of Pinterest Conversion Analysis and Pinterest Conversion List. [5]

Home Furnishing Latest Statistics

  • China is projected to grow at a3.7% CAGR by 2027. [0]
  • The US online home furnishing industry grew at7.6%. [0]
  • In fact, it’s projected to rise at a 4% CAGR over the forecast period. [0]
  • Specifically, the floor covering sector is projected to rise at an 8.4% CAGR over the forecast period. [0]
  • According to home decor trends for 2020–2027 Forbo International SA Mannington Mills,. [0]
  • Most recently, home furnishing and furniture sales accounted for 12.3% of overall retail ecommerce sales in the US. [0]
  • Moreover, it’s estimated the ecommerce sales will hit $61.21 million by 2025. [0]
  • in 2019, 10.7% of the total retail sales in the US were generated by ecommerce. [0]
  • According to home decor industry statistics for 2020, this figure grew from 1.56 billion global visits since January that same year. [0]
  • Overall, furnishing and home decor platforms have experienced a significant 7% worldwide traffic increase between January and March that year. [0]
  • Based on home decor fun facts by Graham & Brown, 47% of men in Britain believe that they have a better sense of style than their significant other. [0]
  • Yes, that’s correct—and 54% of British men shop for cushions. [0]
  • Moreover, home decor industry statistics show that 47% of men claim to have bought pot plants to add a dose of color to their homes. [0]
  • The industry is expected to grow at a 3.9% CAGR from 2020 to 2027. [0]
  • Furniture and homeware ecommerce revenue grew by 14.5% to approach $53 million in 2020 – an unprecedented $6.6 million increase yearover. [1]
  • In 2020, consumers spent $115 billion on furniture & bedding, adding up to a modest 0.6% YoY growth. [1]
  • In 2021, however, furniture & bedding sales are forecasted to hit nearly $120 billion, a more significant 5% YoY growth. [1]
  • Looking specifically at brickand mortar, Walmart stores account for 11% of homeware and home furnishing sales, followed by Target and HomeGoods (each at 7%) and Bed Bath & Beyond, Amazon, Lowe’s, and The Home Depot (all at 5%). [1]
  • Additionally, Wayfair and Amazon capture a combined 63% of online furniture sales. [1]
  • 58% of US Millennials and 37% of Baby Boomers are more likely to buy furniture online now than they were pre. [1]
  • Monthly home furniture sales climbed significantly at the height of the pandemic, up 79.1% from April to May 2020 and 37.4% for May to June 2020. [1]
  • Pinterest saw a 36% boost in home decor board creation in 2020. [1]
  • In fact, 88% of shoppers won’t return to a website after a poor user experience. [1]
  • Home Furnishing Wholesaling Employees in the US in 2024 0.9% Home Furnishing Wholesaling in the US Employment Growth in 2024. [6]
  • 1.3% Home Furnishing Wholesaling in the US Annualized Employment Growth 2017–2024. [6]
  • The number of people employed in the Home Furnishing Wholesaling industry in the US declined 1.3% on average over the five years between 2017 and 2024. [6]
  • Over the next five years, it’s projected to hit $455.4B a 25% increase. [2]
  • Yearover year expansion will slow considerably when compared to last year’s high of 20.1%. [2]
  • In fact, YoY between 2021–2025 looks like a grim countdown from a 9.7% growth rate down to 4.4%. [2]
  • 2021 sits at $85.3B and will reach $98.3B by 2025 a 15% increase. [2]
  • Even with the lockdown surge in 2020, home furnishing took a sliver of the overall e retail cake at 12.19%. [2]
  • On the global scale, ecommerce accounted for 14% of total home goods revenue last year; and will only grow by one percent in the next four. [2]
  • Closer to home, not so … In North America, ecommerce’s share of furniture and homeware rose to 20% in 2020. [2]
  • In the United States, that number is projected to jump to 23% by 2024. [2]
  • In comparison, only two brands control ~40% of the pet industry Home good’s fragmentation speaks directly to lack of brand loyalty and, therefore, rich opportunity for disruption. [2]
  • Semisupervised’s 2021 study of 1,111 DTC brands identified 164 in the home space 14.8% of the total. [2]
  • That’s 14.4% nearly identical to Semisupervised 14.8%. [2]
  • As a result, companies in the home furnishing industry, like Article , have experienced a 200% increase in growth. [2]
  • According to an early 2020 survey of furniture retailers, 69% planned to increase their ecommerce efforts. [2]
  • Google Shopping >60% Target more than 60% of total account spend. [2]
  • 18% Use Dynamic Search Ads targeting combined with Smart Bidding; search ads often have a lower return than Shopping due to higher CPCs. [2]
  • then turn toward prospecting; mix the two approaches at around 8% of your budget. [2]
  • Smart Display and Discovery 5% Create multiple retargeting touch points within 24 72 hours after someone visits, views products, adds to cart, etc. [2]
  • Display Network should hang around 3% and Discovery at 2%. [2]
  • On average, home furnishings stores makes up about 84% of purchases in the United States. [2]
  • According to a study by Econsultancy , 15% of consumers who use onsite search account for 45% of ecommerce revenue. [2]
  • Second, it integrated a percent off discount tier 10%, 15%, and 20% into its cart. [2]
  • A meaningful discount of at least 15% or more Fun and friendly copy that speaks to the moment. [2]
  • Ideally, aim at 25% of revenue going to each of these categories. [2]
  • 1.7% Home Furnishing Wholesaling in the US Market Size Growth in 2024. [3]
  • 2.6% Home Furnishing Wholesaling in the US Annualized Market Size Growth 2017–2024. [3]
  • As a result, the percentage of services conducted online is expected to increase from 21.5% in 2016 to 30.8% in 2021. [7]
  • attach_money Market Size $11bn business Number of Businesses 31,419 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. [7]
  • Retailing softsurface floor covering 00.5% increase 0. [7]
  • According to the United Nations, 55.0% of the global population is residing in urban areas in 2018. [4]
  • Product Insights Furniture was the largest product segment in 2018, accounting for 51.1% share of the overall revenue. [4]
  • Textile is expected to register a revenue based CAGR of 7.2% from 2019 to 2025. [4]
  • a Free Sample Copy Click on image to enlarge Application Insights The indoor application segment accounted for the largest share of 92.6% in 2018. [4]
  • To learn more about this report, request a free sample copy The outdoor application segment is projected to expand at a CAGR of 7.6% from 2019 to 2025 owing to the increasing influence of western culture lifestyle. [4]
  • Estimated Injuries and Reported Fatalities 2011 Instability of Televisions, Furniture, and Appliances. [8]
  • Estimated Injuries and Reported Fatalities, 2010 Report Instability of Televisions, Furniture, and Appliances. [8]
  • Estimated Injuries and Reported Fatalities 2008. [8]
  • As of 2018, the generation of durable goods in MSW was 57.1 million tons. [9]
  • That year, 10.6 million tons of durable goods were recycled. [9]
  • Additionally, the combustion of durable goods was 9.1 million tons , and landfills received 37.4 million tons in 2018. [9]
  • In 2018, generation was 5.3 million tons, or 1.8 percent of total MSW generation. [9]
  • In 2018, EPA estimated that the generation of small appliances was about 2.2 million tons. [9]
  • EPA estimated that of the 2.2 million tons of small appliance waste generated, only about 5.6 percent was recycled. [9]
  • A small proportion of small appliances were combusted for energy recovery , while the majority were landfilled. [9]
  • Generation of furniture and furnishings in MSW was 12.1 million tons in 2018 , up from 2.2 million tons in 1960. [9]
  • A significant proportion of furniture and furnishings was combusted for energy recovery in 2018, but the majority of this product sector was landfilled. [9]
  • EPA estimated that the generation of carpets and rugs in MSW was 3.4 million tons in 2018, representing 1.2 percent of total generation. [9]
  • Based on industry data, EPA estimated that the recycling of carpet fiber, backing and padding was 310,000 tons in 2018, which was 9.2 percent of carpet generation. [9]
  • A slightly larger proportion was combusted for energy recovery, while the majority of rugs and carpets were landfilled. [9]
  • EPA estimated the generation of rubber tires was 6.5 million tons in 2018, approximately 2.2 percent of total MSW. [9]
  • The Agency also estimated the tire recycling rate was 40.0 percent based on data on the recovery of tires from the U.S. Tire Manufacturers Association. [9]
  • In 2018, the amount of tires combusted with energy recovery was 2.7 million tons. [9]
  • That same year, landfills received about 1.2 million tons of tires. [9]
  • EPA estimated that the generation of lead acid batteries from automobiles, trucks and motorcycles in MSW in 2018 was 2.9 million tons. [9]
  • The Agency estimated that in 2018, the recycling rate for the lead in these batteries, as well as the polypropylene battery casings, was 99 percent. [9]
  • Less than 1 percent of lead acid batteries were landfilled. [9]
  • An estimated 24.8 million tons of these goods were generated in 2018, amounting to 8.5 percent of MSW generated. [9]
  • An estimated three million tons were combusted with energy recovery and 20 million tons of total miscellaneous durable goods were landfilled in 2018. [9]
  • EPA estimated that the generation of consumer electronics goods in 2018 was 2.7 million tons, representing less than 1 percent of all MSW generation. [9]
  • In 2018, the rate of selected consumer electronics recycling was 38.5 percent. [9]
  • According to research analyst Smith Leonard, sales at furniture and home furnishings stores in September were up 4.3% compared to 2017, with yearto date retail sales up 4.6% for the first nine months. [10]
  • Backlogs were 6% ahead of August 2017. [10]
  • Inventories were up 4% over the year prior. [10]
  • According to research by Statista, the average revenue per user currently amounts to $312.64, with most of the revenue generated in China. [10]
  • According to IBISWorld’s research, over the past five years, the Online Household Furniture Sales industry has grown by 7.3%, and the number of businesses has grown by 7.0%. [10]
  • and American Home Furnishings Alliance by Wakefield Research found 56% of U.S. households planned to purchase furnishings for their outdoor space this year. [10]
  • In February 2021, Pinterest reported 459 million monthly active users that was the biggest year over year increase the platform had ever seen (up 37% year over year). [5]
  • But in 2024, they reported a 6% decrease Overall, this isn’t a terribly significant loss. [5]
  • Pinterest’s monthly U.S. user figures shrunk by 12% in 2021. [5]
  • Pinterest’s total revenue increased by 20% in Q4 2021. [5]
  • Pinterest’s overall workforce is 50% women Pinterest reported they had reached a milestone 50% of total employees are now women. [5]
  • 59% of Pinterest’s leadership team is white. [5]
  • According to the company’s most recent diversity report , white people represent 43% of Pinterest’s total workforce but 59% of leadership positions. [5]
  • Black employees make up 4% of the total workforce and 5% of leadership positions. [5]
  • Indigenous people make up 1% of both. [5]
  • Pinterest has pledged to increase the number of employees from underrepresented races and ethnicities to 20% by 2025. [5]
  • In the May 18 2021 report, Pinterest announced that by 2025, their employees will be 20% “people from underrepresented races and ethnicities.”. [5]
  • At 60% of women, the gender divide on Pinterest may be narrowing Women have always outranked men on Pinterest. [5]
  • As of 2024, Pinterest’s self service advertising tools identified the female audience at 76.7%, the male audience at 15.3% and the remainder as unspecified that’s about a 1% change since January 2021. [5]
  • 86.2% of Pinterest users also use Instagram. [5]
  • That makes Instagram the social media platform that has the largest audience overlap with Pinterest (Facebook follows closely behind at 82.7%, then Youtube at 79.8%). [5]
  • The platform that has the least audience overlap with Pinterest is Reddit only 23.8% of Pinterest users are also Reddit users. [5]
  • 1.8% of internet users call Pinterest their favourite social media platform. [5]
  • That doesn’t sound like much, but because there are so many different social media platforms, 1.8% isn’t bad (for reference, there’s no denying that TikTok is huge , yet only 4.3% of internet users aged 16 to 64 called it their favourite in 2021). [5]
  • 82% of people use Pinterest on mobile. [5]
  • The number of mobile users on the platform changes slightly each year, but it has been above 80% since at least 2018. [5]
  • In fact, in an August 2020 report , Pinterest announced that as many as 50% of UK users call it “an online oasis.”. [5]
  • Shopping engagement grew by 20% in 2021. [5]
  • Pinterest reported that “the number of Pinners engaging with shopping surfaces grew over 20% both quarter over quarter and year over year in Q4 [of 2021].”. [5]
  • Pinterest users are in the mood to consume according to the company’s Feed Optimization Playbook , people who use Pinterest weekly are 40% more likely to say they love shopping and 75% more likely to say they’re always shopping. [5]
  • Pinners are 5 times more likely to purchase from. [5]
  • Pinners are specifically searching for TryOn pins lens camera searches are increasing yearover year by 126% 22. [5]
  • Automatic bidding delivered 30% more budget on Black Friday 2021 letter to shareholders , Pinterest says automatic bidding was key to Black Friday efficiency. [5]
  • Other trends include Barkitechture (home decor for animals searches for “luxury dog room” are up 115%). [5]
  • US retail ecommerce sales will grow 16.1%, reaching $1.06 trillion in 2024. [11]
  • We forecast US retail ecommerce sales will grow 16.1%, reaching $1.06 trillion in 2024. [11]
  • As online business trends continue to play a role in everyday B2B operations, we forecast B2B ecommerce site sales will reach nearly $1.77 trillion in 2024, a 12% increase from a year prior. [11]
  • The etailer boasts nearly 40% of all US ecommerce sales. [11]
  • Its US ecommerce sales will grow by 15.3% this year, reaching more than $3.6 billion. [11]
  • We expect Amazon’s fastestgrowing category this year will be food and beverage, with a nearly 25% increase in ecommerce sales yearover. [11]
  • Two majority categories that will continue to see demand include books, music, and video (where ecommerce sales will amount to 69.1% of total retail sales) and computer and consumer electronics (53.2% of total retail sales). [11]
  • Ecommerce growth in China will decline to 13.0% in 2024 due to a slowing economy , and a renewed focus on brickand. [11]
  • It seems we’ve taken “go big or go home” quite literally The U.S. home decor industry is estimated to be worth an incredible $22 billion by 2024. [12]

I know you want to use Home Furnishing Software, thus we made this list of best Home Furnishing Software. We also wrote about how to learn Home Furnishing Software and how to install Home Furnishing Software. Recently we wrote how to uninstall Home Furnishing Software for newbie users. Don’t forgot to check latest Home Furnishing statistics of 2024.

Reference

  1. whydoeseverythingsuck – https://whydoeseverythingsuck.net/blog/home-decor-industry-statistics/.
  2. roirevolution – https://roirevolution.com/blog/2021-deep-dive-home-goods-industry-data-trends-stats-to-know/.
  3. commonthreadco – https://commonthreadco.com/blogs/coachs-corner/home-furnishings-industry-trends.
  4. ibisworld – https://www.ibisworld.com/industry-statistics/market-size/home-furnishing-wholesaling-united-states/.
  5. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/home-decor-market.
  6. hootsuite – https://blog.hootsuite.com/pinterest-statistics-for-business/.
  7. ibisworld – https://www.ibisworld.com/industry-statistics/employment/home-furnishing-wholesaling-united-states/.
  8. ibisworld – https://www.ibisworld.com/united-states/market-research-reports/online-home-furnishing-sales-industry/.
  9. cpsc – https://www.cpsc.gov/Research–Statistics/Furniture-and-Decor-1.
  10. epa – https://www.epa.gov/facts-and-figures-about-materials-waste-and-recycling/durable-goods-product-specific-data.
  11. woodworkingnetwork – https://www.woodworkingnetwork.com/news/almanac-market-data/residential-furniture-trends-forecasts-wood-industry-almanac.
  12. insiderintelligence – https://www.insiderintelligence.com/insights/ecommerce-industry-statistics/.
  13. greatist – https://greatist.com/discover/facts-decor.

How Useful is Home Furnishing

One of the key benefits of home furnishing is its ability to reflect our personal style and taste. Our living spaces are an extension of ourselves, and the choice of furniture, colors, and accessories can help create a space that truly represents who we are. Whether it’s a cozy and warm ambiance or a modern and sleek look, home furnishing allows us to express ourselves and make our living spaces uniquely ours.

Furthermore, home furnishings are essential for creating functional and practical living environments. From providing comfortable seating and storage solutions to defining different areas within a space, furniture and home accessories are crucial for ensuring that our homes meet our daily needs. A well-planned and thoughtfully furnished space can help maximize the available square footage, improve efficiency, and create a sense of order and harmony.

In addition to aesthetics and functionality, home furnishing also plays a significant role in enhancing our well-being. Studies have shown that our physical environment can have a profound impact on our mental and emotional health. A cluttered and disorganized space can lead to stress, anxiety, and overall dissatisfaction, while a well-furnished and well-designed space can promote relaxation, productivity, and overall happiness.

Creating a calming and inviting atmosphere through carefully chosen home furnishings can help us unwind after a long day, recharge our energy, and boost our mood. By incorporating elements such as comfortable seating, soothing colors, and ambient lighting, we can transform our living spaces into sanctuaries that promote relaxation and rejuvenation.

Moreover, home furnishing can also foster a sense of pride and ownership in our living spaces. When we invest time, effort, and thought into selecting and arranging furniture and accessories, we develop a sense of attachment to our homes. This sense of pride can lead to increased appreciation for our living spaces, encourage us to maintain and care for them, and ultimately contribute to a greater sense of fulfillment and contentment.

In conclusion, home furnishing is more than just decorating a space – it is about creating environments that reflect our personalities, meet our needs, and enhance our well-being. By paying attention to the aesthetics, functionality, and emotional aspects of our living spaces, we can transform our houses into homes that are not only beautiful and practical but also nurturing and inspiring. Investing in quality home furnishings is an investment in our overall quality of life and well-being.

In Conclusion

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We tried our best to provide all the Home Furnishing statistics on this page. Please comment below and share your opinion if we missed any Home Furnishing statistics.

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